FG denies reported plot to convert $30bn in domiciliary accounts to naira
The Federal Government has denied reported plans to convert foreign exchange in depositors’ domiciliary accounts to naira. On Saturday, sections of the media reported that the Federal Government had plans…
Abuja bakers increase bread price, cry over rising cost of materials
The Abuja chapter of the Association of Master Bakers and Caterers of Nigeria (AMBCN), says they will increase the price of bread in the capital. AMBCN said the upward review…
CBN concludes payment of ‘all verified FX claims’ by foreign airlines
The Central Bank of Nigeria (CBN) says it has concluded the payment of all verified foreign exchange (FX) claims by airlines with an additional $64.44 million paid to the concerned…
Nigeria’s interventions in oil and gas sector to safeguard investment value – Tinubu
President Bola Tinubu says his administration will continue to provide the needed interventions in the oil and gas industry in line with the provisions of the Petroleum Industry Act (PIA).…
Tinubu seeks financing mechanism, equitable capital market access for developing countries
President Bola Tinubu has called for an equitable access to capital for developing countries, saying such will provide the much-needed resources for development, thus solving some of the most pressing…
No sugar price increase during Ramadan – sugar refineries assure FG
In a commendable alignment with the Federal Government’s agenda for food security and economic stability, major sugar refineries across the nation have pledged to not increase sugar prices during the…
Trade minister unveils strategic initiatives for manufacturing sector
Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, commenced a tour of prominent manufacturing companies such as Dangote Sugar Refinery Plc, BUA Sugar Refinery Ltd, Flour Mills Limited, Bestaf…
Tinubu signs ₦28.7trn 2024 budget, directs MDAs to provide monthly performance reports
President Bola Tinubu has signed the 2024 Appropriation Bill into law in keeping with his avowed commitment to maintaining a timeous, predictable, and efficient budget cycle. Tinubu assented to the…
Sanwo-Olu presents ₦2.2trn budget to Lagos House of Assembly
The Lagos state government has presented a N2.246 trillion budget for the 2024 fiscal year to the state House of Assembly for deliberation and approval. Governor Sanwo-Olu presented the 2024…
Tinubu stops collection of VAT, import duty on cooking gas
The federal government has announced the exemption of the importation of liquefied petroleum gas (LPG) and its equipment from the payment of customs duty and value-added tax (VAT). The development…