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Tag: Buhari

43 million Nigerians excluded from Buhari's cash transfer - Report
News

43 million Nigerians excluded from Buhari’s cash transfer – Report

Since the Federal Government’s N5,000 monthly cash transfer program started in 2016, no less than 42.69 million poor Nigerians have been left out. Only 19.4% of Nigerians benefited from the plan, according to information provided by the World Bank in the June 2023 issue of the Nigeria Development Update. Only roughly 40.21 million Nigerians received […]

Buhari
Business

Fuel subsidy: Buhari yet to meet criteria for removal, say marketers

  The Independent Petroleum Marketers Association of Nigeria has declared its stand on the subsidy. The Association disagreed with subsidy’s removal, arguing that the current government, President, Major General Muhammadu Buhari (retd.), did not meet the necessary criteria for its removal. The Nigeria Union of Petroleum and Natural Gas Workers stated that it would disclose […]

A photo of President Buhari and the redesigned note
Business featured

Old naira: Buhari never told Emefiele, Malami to shun S’Court order, says presidency

Juliet Buna   The Presidency has denied allegations that it ordered the Attorney general and Central Bank of Nigeria to defy the Apex court’s order. According to a release by the Garba Shehu Senior Special Assistant to the President, Garba Shehu said the President Major General Muhammadu Buhari (retd), has not done anything knowingly and […]

The First Lady, Aisha Buhari
Business

Old naira: Aisha Buhari blames hacker for fake post

The First Lady of Nigeria, Aisha Muhammadu Buhari has blamed hackers for the fake post regarding the recirculation of the old naira notes which went viral in the early hours of Tuesday. This declaimer was shared to the public in a facebook post Aisha made in the late hours of Tuesday. The Facebook post reads […]

The old 500 and 1000 naira noted
Business

Banks collect old N500, N1000 despite CBN order

Wilson Adekumola Some commercial banks on Saturday morning were reportedly collecting the old N500 and N1,000 notes from customers despite the order of the Central Bank of Nigeria order. This came barely 24 hours after the CBN debunked the rumours that it had instructed commercial banks to collect the old N5,00 and N1,000 notes from […]

The old 500 and 1000 naira noted
Business

Old naira: Buhari, CBN, govs throw Nigerians into confusion

El-Rufai, Ganduje, Abiodun disregard Buhari’s order… Nigerians have been thrown into a state of confusion by the President, Major General Muhammadu Buhari, the Central Bank of Nigeria and some state governors owing to their conflicting positions on the old and new naira policy. Punch Metro reported that Buhari on Thursday ordered the CBN to allow […]

The old 500 and 1000 naira noted
Business

CBN orders banks to collect the N500, N1000 notes

The Central Bank of Nigeria has ordered commercial banks to collect the N500 and N1000 notes from people as deposits, with immediate effect. However, the apex bank still stands on the fact that the old N500 and N1000 are no longer legal tender. Meanwhile, they are still redeemable when taken to commercial banks. CBN pegged […]

Buhari to inaugurate Dala International Inland Dry Port on Jan. 30
Business

Buhari approves old N200 note as legal tender till April 10

The President, Major General Muhammadu Buhari (retd), has given the Central Bank of Nigeria the order to allow the use of the old N200 note alongside the new ones until April 10, 2023. This was said in the early hours of Thursday as the president addressed Nigerians live on a nationalbroadcast. He emphasised that Nigerians […]

The vice president of Nigeria, Prof. Yemi Osinbajo
Business

National Economic Council okays Nigeria Agenda 2050

The National Economic Council, initiated to offer economic advise to the President, has endorsed the Nigeria Agenda 2050, on Thursday, in Abuja. The 2050 agenda is target at increasing real Gross Domestic Product growth by seven percent. It also aims at creating 165 million employment and reducing the number of people living in poverty from […]

President, Major General Muhammadu Buhari (retd.) Signing a document
Business

Buhari signs business facilitation bill, five others

BuharThe President, Major General Muhammadu Buhari (retd.), has given assent to the Business Facilitation (Miscellaneous Provisions) Bill 2022 enacted by the National Assembly. This consent was given in furtherance of Section 58 (4) of the 1999 Constitution of the Federal Republic of Nigeria. To ensure the ease of doing business in Nigeria, the President sent […]

Petrol pump
Business

Scarcity: FG confirms availability of 1.3bn litres of petrol

Nigeria has confirmed the availability of about 1.3 billion litres of petrol which is said to resolve the lingering fuel scarcity. This was according to a report disclosed to The Punch on Saturday by the General Coordinator, South-West, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Ayo Kadoso. Kadoso said this during a visit by the […]

TETFund urges FG to increase education tax
Business

Buhari holds emergency meeting over naira, fuel crises

President Muhammadu Buhari will call an emergency Council of State meeting on Friday in order to address the issues plaguing the country, including the naira, petrol shortage, and insecurity ahead of the February 25 presidential election. According to Daily Post, on Friday at 10 a.m., the Central Bank of Nigeria, and the Independence National Electoral Commission […]