archiveMarch 2024

The Central Bank of Nigeria (CBN) has said overseas remittances into the country rose to $1.3 billion in February 2024 compared to $300 million in the preceding month. Mrs. Hakama Sidi Ali, the Bank’s Acting Director of Corporate Communications, disclosed in a press briefing in Abuja. The CBN also reported...

  Oyo State Governor, Seyi Makinde (second right); his deputy, Barr Bayo Lawal (right); Speaker, Oyo State House of Assembly, Hon Debo Ogundoyin (left); Senior Special Assistant to the Governor on Student Affairs, Victor Olojede (second left) and Coordinator, National Association of Nigeria Students (NANS), Alao John, during the distribution...

  The Lagos State Chairman, Nigeria Labour Congress (NLC), Mrs Funmi Sessi, on Thursday proposed N794,000 as minimum wage for the average Nigerian worker. She made the declaration during the South-West Zonal Public Hearing on the National Minimum Wage held in Lagos. The hearing, organised by the Tripartite Committee on...

  President Bola Tinubu has given policy directives to improve the investment climate and position Nigeria as the preferred investment destination for the oil & gas sector in Africa. Specifically, following extensive engagements, analyses and benchmarking with other jurisdictions, the President has initiated the amendment of primary legislation to introduce...

        Ex-presidential aide, Bashir Ahmad has lambasted supporters of President Bola Tinubu’s government for constantly criticizing the administration of his former boss, Muhammadu Buhari. It would be recalled that followers of President Tinubu blamed the country’s economic problems on Buhari’s administration, despite being of the same political...

  President of the Nigerian Institute of Public Relations, NIPR, Dr. Ike Neliaku has commended the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede on his focus  and determination in tackling economic and financial crimes and other acts of corruption. He gave the commendation in Abuja...

  The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the N22.7 trillion printed by the Central Bank of Nigeria (CBN) through Ways and Means overdraft for the Federal Government from 2015 to 2023, under former President Muhammadu Buhari, threw the country into the current...

A forensic document analyst from the Economic and Financial Crimes Commission (EFCC), Bamayi Haruna told the Federal Capital Territory High Court on Thursday that former president Muhammadu Buhari never approved the use of $6.3 million by the Central Bank of Nigeria (CBN). Haruna told Justice Hamza Muazu that the signature...

  more investors on the way, Adeleke assures   Two separate investing conglomerates on Tuesday evening committed close to eighty million dollars to investment in Osun state infrastructures within the framework of Public Private Partnership. Hosted by Governor Adeleke and members of his cabinet, the investors include Allegiance CNG Limited...

    In a bid to boost start-up capital and place more resources at the disposal of aspiring young entrepreneurs in Nigeria, retail lender, Unity Bank Plc has increased the prize money for winners of its flagship Entrepreneurship Development Initiative, known as Corpreneurship Challenge to 16 million Naira per stream....