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Business & Economy
Redesigned naira: Gov Buni appeals to CBN to extend January 31 deadline
Governor Mai Mala Buni of Yobe State has appealed to the Central Bank of Nigeria (CBN) to extend the January 31 deadline for the phasing out of the old notes. The apex bank, which announced the new N200, N500, and N1,000 denominations on…
New naira notes: CBN insists on January 31 deadline
The Central Bank of Nigeria (CBN) has maintained that there is no going back on the January 31 deadline for the transition from the old to the redesigned Naira notes. This was made known by the Rivers State controller of the CBN, Maxwell…
AfCTA: Buhari calls for policies to enhance infrastructure, educated workforce
President Muhammadu Buhari has stressed the need for African governments to develop appropriate supporting policies, build requisite infrastructure and ensure an educated work force for the African Continental Free Trade Agreement (AfCFTA)…
FG begins review of minimum wage
The federal government, through the National Salaries Incomes and Wages Commission (NSIWC) has commenced a process for the review of the National Minimum Wage. This was disclosed in a statement issued on Sunday by the commission’s Head…
New naira notes: CBN charges banks to ensure compliance or face penalty
The Central Bank of Nigeria (CBN) has charged commercial banks across the country to ensure full compliance with the directive of loading the newly redesigned naira notes in their Automated Teller Machines (ATMs). CBN’s Director of…
From next year, Nigeria’ll no longer import fuel – FG
The Federal Government has said importation of petroleum products into the country would soon become history. The Minister of State for Petroleum Resources, Timipre Sylva, on Monday, projected that with the rehabilitated Port-Harcourt…
2023: Peter Obi reiterates commitment to removal of fuel subsidy
The presidential candidate of the Labour Party, Peter Obi, has reiterated his commitment to completely remove fuel subsidy if elected during next month’s election. The former governor of Anambra State assured that removing fuel subsidy…
Gov Bello signs N243bn 2023 budget into law in Niger
Governor Abubakar Sani-Bello of Niger State has signed the 2023 appropriation bill of over N243 billion into law. The Nigerian News reports that the budget was N5 billion above the N238 billion budget proposal presented to the state…
Alarm over national debt unnecessary – DMO
The Debt Management Office (DMO) has said that the alarm created around the country’s projected public debt was unnecessary. The Director-General of the DMO, Patience Oniha, made this known in a statement on Thursday while reacting to…
Buhari signs N21.8tn 2023 budget
President Muhammadu Buhari has signed the 2023 budget along with the 2022 Supplementary Appropriation Bill into law in the presence of Senate President Ahmed Lawan; Speaker of the House of Representatives, Femi Gbajabiamila, and other…