Govt borrowings not necessarily bad -DMO
The Director-General of the Debt Management Office, Patience Oniha, has said borrowings by countries to finance budget deficits and critical infrastructure is not necessarily a bad idea. The DG disclosed…
Senate confirms seven MPC members’ appointments
The Senate, on Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria. The confirmation of the nominees followed the consideration and…
Microsoft spends $200m in four years on ADC initiative
Microsoft says it has spent $200m since the introduction of its African Development Centre in 2019. Te ADC West Africa Managing Director, Gafar Lawal, disclosed this during the launch of…
Massive job cut looms as dollar hits N590
The lingering foreign exchange scarcity in the country has continued to worsen even as the exchange rate on the parallel market is inching towards N590/$1, our correspondent has learnt. The…
Delta to commence flight operations to new routes
DELTA Airlines has said it will soon commence flight operations to new routes as part of efforts to provide improved services to its customers. A statement by the airline said…
Enforce use of coins, Reps urge CBN
The House of Representatives has urged the Central Bank of Nigeria to “reinforce the use of coins as a legal tender and ensure that banks comply with the use of coins…
Reps give NNPC two-week ultimatum to defend N3tn debt
The House of Representatives’ Ad Hoc Committee on Recovery of Outstanding Debts Owed By Oil and Gas Companies has given the Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company…
6.4 million applied for N-Power Batch-C programme –FG
The Federal Government received a total of 6.4 million applications for its N-Power Batch-C youth empowerment scheme, the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, announced…
Buhari inaugurates Lagos intl airport terminal today
The President, Major General Muhammadu Buhari (retd.), on Tuesday, inaugurated the newly built international terminal of the Murtala Muhammed Airport, Lagos. Today’s inauguration is coming after several dates had been…
Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021
The domestic debts owed by state governments and the Federal Capital Territory Administration rose to N6.43tn at the end of 2021. While sub-national domestic debt stock was N4.46tn, the sub-national…
Subsidy: FAAC meets as NNPC deductions threaten states’ allocations
The planned deduction of N242.53bn fuel subsidy from the Federation Account this month by the Nigerian National Petroleum Company Limited is raising uncertainty among states as the Federation Accounts Allocation…
Brent rises to $115 as EU considers Russia oil ban
Brent crude, the global oil benchmark, appreciated in price on Monday, moving up by 7.3 per cent or $7.88 to $115/barrel at 7.54pm Nigerian time as European Union nations considered…
