Business

Amidst early gains from the recently launched twin policy on cashless economy, the Central Bank of Nigeria, CBN, has kick-started some key steps towards consolidating the policy measures. The twin policy is anchored on the Naira redesign and establishment of new limits on cash withdrawal from banks, all geared towards …

The Federal Government is set to increase the salaries of civil servants, the Minister of Labour and Employment, Chris Ngige, has said. He stated this on Tuesday when he briefed journalist after a closed-door meeting with President Muhammadu Buhari at the Aso Rock Villa, Abuja. “As we enter the new …

The House of Representatives has passed the 2023 appropriation bill at N21.83 trillion. This shows an increase of N1.32 trillion from the N20.51 trillion budget proposal of President Muhammadu Buhari. Meanwhile, the Senate has passed the 2022 supplementary budget of N819.5 billion. According to the upper chamber, the amendment of …

HEAD of the commercial operations of the newly completed Lekki Deep Sea Port, Managing Director of the Lekki Port LFTZ Enterprise Limited, LPLEL,   Mr. Du Ruogang has disclosed that its awaiting the Presidential commissioning of the port before the end of the first quarter of 2023. Rougang stated that the …

 Governor of Central Bank of Nigeria CBN, Mr. Godwin Emefiele has underscored the importance of Point of Sale (PoS) agents in the cashless policy of the apex bank. Speaking when he appeared before the House of Representatives to brief the lawmakers on the recent monetary policies of the bank especially …

The Federal Government has announced that the implementation of the National Minimum Wage was critical to national development. The Minister of Labour and Employment, Dr Chris Ngige, disclosed this at a public enlightenment and sensitisation workshop for field officers monitoring the implementation of the National Minimum Wage in Abuja, which …

Foremost human rights lawyer and Senior Advocate of Nigeria, Femi Falana, on Thursday noted that contrary to the opinions of another SAN, Olisa Agbakoba, anti-graft agencies such as the Economic and Financial Crimes Commission and the Independent Corrupt Practices Commission and other related offences were competent to investigate the account …

Strong indications have emerged that the National Assembly will pass the 2023 Appropriation Bill next week. President of the Senate, Ahmad Lawan; and Speaker of the House of Representatives, Femi Gbajabiamila, had at various times during the week indicated that the Federal Government budget would be passed on Thursday when …

House of Representatives insisted that the Central Bank of Nigeria must not proceed with its cash withdrawal policy. Although the CBN Governor, Godwin Emefiele, for the second time, failed to appear before the House, the lawmakers said their December 8 directive to the apex bank to put the policy on …

The House of Representatives has resolved to constitute an ad hoc committee to investigate a whistle-blower’s allegation of illegal sale of 48 million barrels of Nigeria’s Bonny Light crude in China in 2015 and the insurance status of the cargo. The committee is also to investigate all crude oil exports …