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Category: Economy

2023 Budget: House of Assembly passes N1.768 trillion budget

The Lagos State House of Assembly on Monday passed a total of N1,768,014,155,285 as the budget for 2023. Speaking on the feat, the speaker of the House of...

FG set to open West Africa’s largest hydropower facility in Nigeria

The minister of power, Engr. Abubakar D. Aliyu, on Monday, December 12, inaugurated the project steering committee of Makurdi Hydro Power Plant, which is set to be the...

Top Igbo group, Yoruba Youth council support CBN’s withdrawal limit policy, States Why

The apex Igbo socio-cultural organization, Ohanaeze Ndigbo Youth Council Worldwide, and the Yoruba Youth council have thrown their weight behind the Central Bank of...

Naira drops deeper to dollar

The naira on Thursday exchanged at 446 to the dollar at the Investors and Exporters window, a depreciation of 0.04 per cent, compared with the 445.83 it exchanged on...

CBN Gov Emefiele insists on implementing Withdrawal limits policy

Godwin Emefiele, Governor of the Central Bank of Nigeria has insisted that the CBN would not reverse its decision on the ongoing implementation of a cashless policy....

JUST IN: Anxiety As CBN Limits Cash Withdrawals via Bank, POS

The Central Bank of Nigeria has announced new cash withdrawal limits, as a follow-up policy to the Naira Redesign Policy. In a statement sighted by Pulse, the...

“It’s bringing in a lot of money”–Commissioner list economic benefits of sport festival to Delta

The Delta State Sports Commission chairman, Tonobok Okowa, says the ongoing 21st National Sports Festival in Asaba will make Delta State richer adding that the event...

RMAFC calls for salary regulations, names NCC, CBN staff, others earn bigger than Buhari

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has revealed some discrepancies in the salaries of some public agencies. According to the chairman of...

Naira remains unchanged, rate at N445.30/$

The naira remained unchanged on Wednesday, exchanging at 445.30 to the dollar at the Investors and Exporters Window. The local currency did not change from its value on...

Fuel Scarcity: NNPC says they have 2 billion litres of PMS in stock

The Nigerian National Petroleum Company Limited says it has two billion litres of Premium Motor Spirit in stock. This is contained in a statement issued by Executive...