President Muhammadu Buhari on Monday signed the 2021 Supplementary Appropriation Bill of N982,729,695,343 into an Act. The development was disclosed to State House Correspondents by Senior Special Assistant to the President on National Assembly Matter (House of Representatives), Umar Ibrahim el-Yakub. The newly signed Act will largely focus on funding […]

The Central Bank of Nigeria has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks and other financial institutions under its supervision. This was contained in a statement released on Saturday by the Acting Director, Corporate Communications Department, Osita Nwanisobi, in Abuja ahead of the Monetary Policy Committee […]

The Nigerian National Petroleum Corporation has said that refined petroleum products would be exported from Nigeria to other countries in the next two years. Nigeria currently imports refined petroleum products such as petrol, kerosene, diesel, etc, while the NNPC has been the sole importer of petrol into the country for […]

Minister of Works and Housing, Babatunde Fashola said Nigeria would only make meaningful progress by borrowing to boost infrastructure. Fashola, who spoke to the News Agency of Nigeria (NAN), said ”It is in our own interest that the government does some borrowing and spends it on investment because that sector […]

Central Bank of Nigeria has issued notice in respect of unclaimed interest/redemption proceeds on Federal Government of Nigeria Bonds. In a statement Thursday, the apex bank listed investors with unclaimed interest/redemption, advising them to contact their banks/brokers for redemption. The CBN said: “The underlisted investors in Federal Government of Nigeria […]

Twitter ban, provocative, smacks of intolerance – Reps minority caucus Twitter ban: Switch over to VPN, risk jail, FG warns Nigerians Following the directives from the Nigerian Communications Commission, telecommunications companies in Nigeria including MTN, Airtel, Glo and 9Mobile have blocked access to the Twitter website. Twitter users in Nigeria […]

….Gov Ahmadu says Atiku’s vision is in tandem with the state’s economy blue print The former vice President of the Federal republic of Nigeria, Alhaji Atiku Abubakar commissioned a Standard Microfinance corporate headquarters in Yola. The Wazirin Adamawa in his speech at the premises of the Bank’s corporate office, Monday […]

Nigeria’s inflation rate drops to 18.12% National Bureau of Statistics says rate of inflation in Nigeria dropped slightly in April 2021, shedding 0.05 per cent to close at 18.12 per cent in the month under review. In the preceding month of March, Nigeria’s rate of inflation was 18.17 per cent. […]

The national electricity grid suffered a system collapse on Wednesday, leading to power outage across the country. Ndidi Mbah, spokesperson of the Transmission Company of Nigeria (TCN), said there is ongoing effort to fully restore electricity on the grid. “The Transmission Company of Nigeria hereby states that at about 11.01 […]

….Hails workers’ contributions to state-building Gov. Ahmadu Umaru Fintiri of Adamawa state, has congratulated the labour force in Adamawa and Nigeria on the 2021 International Workers’ Day. Fintiri in a statement issued by his media aide, Solomon Kumanger on Friday in Yola, described Adamawa workers as critical stakeholders in state-building. […]

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