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…
Investigator summons ex-CBN deputy gov, others over contradictory statements on Union Bank sales
The Special Central Bank of Nigeria (CBN) Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, in connection with the controversial acquisition of Union Bank of…
Emefiele rejects probe report on CBN, says it’s ‘Misleading, barefaced lies’
Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), has denied allegations of corruption and theft in a recent report by the special investigation panel on CBN and…
CBN accuses banks, PoS operators of hoarding cash, threatens sanctions
The Central Bank of Nigeria (CBN) has threatened to sanction banks and Point of Sales (POS) operators found to be complicit in the apparent Naira scarcity in parts of the…
Emefiele, ex-minister, 14 others to face trial for ₦26.6trn CBN fraud
The immediate past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, a former minister, and 14 others have been indicted in over N26.627 trillion fraud at the apex…
NNPC fulfils promise, delivers rehabilitated Port Harcourt refinery in schedule
The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC).…
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…
Nigeria records trade surplus of ₦3.5trn as exports overtake imports
The National Bureau of Statistics (NBS) has announced that Nigeria recorded a N3.5 trillion trade surplus between January and September of 2023. NBS disclosed this in its foreign trade report…
Speaker: Reps will ‘diligently’ scrutinize Tinubu’s ₦27trn budget
Tajudeen Abbas, speaker of the House of Representatives, has said that the proposed 2024 budget will be “diligently scrutinised” by the National Assembly. Speaking on Wednesday when President Bola Tinubu…
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