Business

the latest Platts survey by S&P Global Commodity Insights has revealed that Nigeria recorded her highest oil production since April 2022, The country’s oil production has been faced with oil theft that has hampered exports and resulted in significant oil spills and loss of millions of naira. However, the survey …

The Attorney-General of the Federation and Minister of Justice Abubakar Malami(SAN) has said that the Federal Government has realised N1, 823,788.146.86 from forfeited assets.He also said $641million recovered loot from the late military dictator, Gen. Sani Abacha has been used for social investment and development of critical infrastructure. He said …

The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. The report has it that in this arrangement, the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations is N500,000 and N5 million, respectively. …

President Muhammadu Buhari has given assurances that Nigeria will support the Republic of Burundi in diverse ways as necessary in the spirit of African solidarity and brotherliness. He gave the assurances on Tuesday when he received the Special Envoy of President Evariste Ndayishimiye, who came with a message in his …

President Muhammadu Buhari has alerted the National Assembly to the risk of N1.8 trillion interest payment by the Federal Government. Buhari said this is in the event that the federal lawmakers fail to grant securitisation approval of his N22.7 trillion Ways and Means request. The President made the appeal during …

The Federal Government has said that it will stop the payment of fuel subsidy by the end of June 2023. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this during the public presentation of the 2023 Federal Government budget. Mrs Zainab disclosed that in the 2023 …

Presidential candidate, All Progressives Congress, APC, Asiwaju Bola Tinubu has insisted fuel subsidy regime must end if elected president next month. Tinubu made this assertion in a brief interview with Freedom Radio during his visit to Saudi Arabia for Umrah (Lesser Hajj). The APC presidential candidate described subsidy regime as …

President Muhammadu Buhari has signed into law the Appropriation Bill, 2023 totalling N21.83 trillion. Speaking at the signing of the eighth and final annual budget of this Administration, the President said the aggregate expenditures of N21.83 trillion, is an increase of N1.32 trillion over the initial Executive Proposal for a …

Plateau State Governor Simon Lalong has signed into law the 2023 Appropriation Bill of 149.9 Billion naira passed by the State House of Assembly. While signing the budget into law in the presence of the Speaker House of Assembly Rt. Hon. Yakubu Sanda and Chief Judge David Mann, the Governor …

Ekiti State Governor, Mr. Biodun Oyebanji, has signed the 2023 Appropriation bill, tagged “Budget strong beginning” into law. The bill, made up of N79.5 billion, representing 70 percent capital estimate and N34.1 billion, representing 30 percent recurrent expenditure, was presented to the lawmakers by Governor Oyebanji, on November 2, 2022. …