CBN Clears $7 Billion Forex Backlog, Boosts Nigeria’s Economic Stability, Signalling Economic Renewal
The Central Bank of Nigeria (CBN) has achieved a significant milestone by clearing the valid foreign exchange backlog, as announced...
Economy
AEDC and Niger State Government Unveil “Light Up Niger 2024” Initiative for Improved Electricity Supply
The Abuja Electricity Distribution Company (AEDC) and the Niger State Government have launched a collaborative initiative, dubbed "Light Up Niger...
President Tinubu Bans Foreign Trips for Ministers and Officials, Cites Cost Concerns
President Bola Tinubu has issued a directive banning all foreign trips by ministers and other government officials, with exemptions only...
Senate to Summon Former CBN Governor Emefiele Over N30 Trillion ‘Ways and Means’ Loans
The Senate has announced its intention to invite the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele,...
Senate Approves N1.28 Trillion Budget for Federal Capital Territory in 2024
The Senate has given its approval for the Federal Capital Territory (FCT) 2024 Statutory Budget amounting to N1.28 trillion, following...
Obazee Requests N2 Billion for Investigation, Raises Questions of Misallocation
A letter from the Chairman of the Special Investigative Committee, Jim Obazee, to the Governor of the Central Bank of...
DisCos Secure N53.3 Billion Credit Facility for National Mass Metering Programme
Eleven power distribution companies (DisCos) in Nigeria have obtained a total of N53.3 billion in credit from the Central Bank...
Nigeria’s Three Tiers of Government Share N10.143 Trillion from Federation Account in 2023
The Nigeria Extractive Industries Transparency Initiative (NEITI) released a report revealing that the federal, state, and local governments shared a...
CBN Sets Dates for 294th Monetary Policy Committee Meeting Amid Rising Inflation
The Central Bank of Nigeria (CBN) has announced that its 294th Monetary Policy Committee (MPC) meeting will take place on...
FCT Minister Warns New Permanent Secretaries: ‘Perform or Be Sacked’
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has issued a stern warning to the newly inaugurated...
