Senate: 2021 Budget Implementation Extended To May 31

The Senate on Tuesday extended the implementation of the 2021 Appropriation Act from 31st March to 31st May 2022. The extension was approved following the consideration of a bill to amend the 2021 Appropriation Act sponsored by Senate Leader, Senator Yayah Abdullahi (Kebbi

Katsina, Imo, Other States Lose Foreign Investments, As Federal Govt Faces Strong Criticism

The Catholic Bishops’ Conference of Nigeria, the Sultan of Sokoto, Alhaji Abubakar Sa’ad lll- led Jamaatul Nasril Islam, some state governments and the Manufacturers’ Association of Nigeria have taken a swipe at the Federal Government over its failure to address the rising insecurity

How Buhari’s Govt Borrowed N22.03 Trillion In 7 years To Finance Budget, As Experts Warn Of Consequences

Facts have emerged as to how the administration of President Muhammadu Buhari borrowed N22.03trn from local and international creditors to finance the budget deficit of the federal government. The amount, which was borrowed over a period of seven years covering 2015 to 2022,

Two Million Nigerians To Receiving N20bn Monthly From June, 2022 – Federal Govt

Nigeria’s federal government has said two million citizens will start receiving N20bn monthly as basic cash transfers and conditional cash transfers under the National Cash Transfer Programme, from June. This is according to a March 2022 document on the strategic roadmap and activities

British Firm To Fix Ajaokuta Steel For free — Federal Govt

The Minister of Mines and Steel Development, Arc Olamilekan Adegbite, has said the federal government has engaged a British firm to revive Ajaokuta Steel Company Limited “for free”. The decision came after the outbreak of war between Russia and Ukraine. He said this

CBN Warns Banks Against ‘Composed’ Banknotes In Their Deposits

The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing “composed banknotes ” as part of their deposits with the apex bank. The warning is contained in a circular issued in Abuja by Ahmed Umar, the Director, Currency

Guaranty Trust Holding Coy Plc, GTCO Image Of Fraud, As Ngozi Njoku Accuses Bank Of Swindling Via APP, Shields Staff From Prosecution

Guaranty Trust Holding Company Limited has remained has marinated a consistent record of notoriety, especially in the way they deal with their customers, thereby leaving so much less to be desired from a corporate entity as theirs. Despite it’s seeming effort to rebrand

How Tech, E-commerce Are Bringing Efficiency Into Nigeria’s Marketplace

Since its introduction into the Nigerian business scene, e-commerce has become a major driver of the country’s digital economy. It has not only brought about innovative business ideas but is redefining existing businesses for efficiency and growth. Thriving on increasing internet penetration and

Nigeria Gets 1.75mb/d OPEC Production Quota In May

The Organisation of Petroleum Exporting Countries (OPEC) has approved a production quota of 1.753 million barrels per day for Nigeria in May 2022. Angola, said OPEC, has the mandate to produce 1.465mb/d. The cartel disclosed this in a statement at its 27th OPEC

Anxiety Mounts Over 136 People On Attacked Abuja-Kaduna Train By Terrorists

The fog over the number of passengers on the ill-fated Abuja-Kaduna train, who are missing, is getting clearer. The Nigerian Railway Corporation (NRC) said yesterday that it has not been able to establish contact with 136 people among the 362 onboard the train