Category: Economy

FG, States, LGAs Share ₦1.424tri
January 18, 2025 No Responses

FG, States, LGAs Share ₦1.424tri

A total sum of N 1.424 trillion, being December 2024 Federation Account Revenue, has been shared to the Federal Government, States and Local Government Councils. The revenue was shared at the January 2025 Federation Account Allocation Committee (FAAC) meeting held...
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Tinubu Lauds Govs For Supporting Tax Reform Initiatives
January 17, 2025 No Responses

Tinubu Lauds Govs For Supporting Tax Reform Initiatives

President Bola Tinubu has expressed his appreciation for the Nigeria Governors’ Forum following their unanimous endorsement of the four Tax Reform Bills currently under consideration by the National Assembly.President Tinubu lauds the governors for their...
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Kyari: NNPCL Remitted ₦10tri In 2024
January 16, 2025 No Responses

Kyari: NNPCL Remitted ₦10tri In 2024

For the year 2024, the Nigerian National Petroleum Company Limited (NNPCL) remitted ₦10 trillion to the federation account.  The Group Chief Executive Officer (GCEO), NNPCL, Malam Mele Kyari stated this on Wednesday during a presentation on NNPCL’s 20...
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Disconnect Zenith Bank, Fidelity, FCMB, Others, NCC Directs Telcos
January 15, 2025 No Responses

Disconnect Zenith Bank, Fidelity, FCMB, Others, NCC Directs Telcos

The Nigerian Communications Commission (NCC) has directed telecommunications companies (telcos) to disconnect the unstructured supplementary service data (USSD) codes assigned to nine banks due to unpaid debts.In a statement issued by Reuben Muoka, NCC Directo...
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CBN Sanctions Zenith Bank, Fidelity, Others For ATM Cash Scarcity
January 15, 2025 No Responses

CBN Sanctions Zenith Bank, Fidelity, Others For ATM Cash Scarcity

The Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. The affected banks include Zenith Bank, Fidelity Bank Plc, First Bank Pl...
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NDLEA Budgets ₦67.5b For 2025
January 15, 2025 No Responses

NDLEA Budgets ₦67.5b For 2025

For the year 2025, the National Drug Law Enforcement Agency (NDLEA) has budgeted N67.5billion.  Speaking on Tuesday, Chairman of the agency, Brigadier General Mohamed Marwa (Rtd) urged the National Assembly to support the agency in its fight against subst...
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FG Reiterates Commitment To Strong, Vibrant Capital Market
January 13, 2025 No Responses

FG Reiterates Commitment To Strong, Vibrant Capital Market

The Federal Government has reiterated its commitment to strengthening the capital market to promote wealth creation for Nigerians and support national development.The Minister of State for Finance, Dr. Doris Uzoka-Anite stated this during a meeting with member...
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CBN Stops Extension Of Export Proceeds Repatriation
January 10, 2025 No Responses

CBN Stops Extension Of Export Proceeds Repatriation

The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation on behalf of exporters. This directive, which was issued through a circular dated January 8, 2025, take immediate effect. The suspension applies to both...
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Chinese Bank Approves $254.76m Loan For Kano-Kaduna Railway
January 9, 2025 No Responses

Chinese Bank Approves $254.76m Loan For Kano-Kaduna Railway

The China Development Bank (CDB) has granted a loan of 245 million euros ($254.76 million) for the construction of the Kano-Kaduna railway project in Nigeria. A statement by the bank on Tuesday said the move was to provide financial support...
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NLNG Seeks Expression Of Interest For Public Relations, Corporate Events
January 6, 2025 No Responses

NLNG Seeks Expression Of Interest For Public Relations, Corporate Events

The management of NLNG seeks to establish a corporate events management services contract to support execution of various company business events and other high-level events in the Company’s areas of operation (Bonny, PHC, Lagos, Abuja, and other areas).City...
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SEC To Intensify Crackdown On Ponzi Schemes In 2025
January 5, 2025 No Responses

SEC To Intensify Crackdown On Ponzi Schemes In 2025

The Securities and Exchange Commission (SEC) has emphasised that protecting investors remains a cornerstone of its mission, assuring that the Commission will intensify efforts to stamp out Ponzi and pyramid schemes while paving the way for legitimate investmen...
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Fubara Signs ₦1.1tri Rivers 2025 Budget Into Law
January 3, 2025 No Responses

Fubara Signs ₦1.1tri Rivers 2025 Budget Into Law

Rivers State Governor, Siminalayi Fubara, has signed the state’s 2025 budget worth N1.1 trillion into law. The budget, christened ‘Budget of Inclusive Growth and Development,’ was presented before the Victor Oko-Jumbo-led State House of Assembly on Decem...
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NLC Tells FG: Withdraw Tax Bills From National Assembly
January 2, 2025 No Responses

NLC Tells FG: Withdraw Tax Bills From National Assembly

The Nigerian Labour Congress (NLC) has urged the Federal Government to withdraw the controversial tax bills from the National Assembly. In his New Year message to Nigerians, especially workers, the President of NLC, Joe Ajaero said the need to withdraw...
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Yuletide: Chisco Transport Restates Commitment To Top Quality Services, Lauds Tinubu For 50% Fare Rebate
January 1, 2025 No Responses

Yuletide: Chisco Transport Restates Commitment To Top Quality Services, Lauds Tinubu For 50% Fare Rebate

Nigeria’s Transport Company of the Year, Chisco Transport Ltd, has assured the travelling public of safe and top quality services on all its routes this Christmas/New Year season, and beyond.The company, which has been one of the country’s front runners...
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