Saturday, March 15, 2025
Thirty-one state governments owe the Central Bank of Nigeria, CBN, a total of N339.9bn obtained to pay workers’ salaries between 2015 and 2023, a document obtained from the apex bank has revealed. The document also stated that the sub-nationals had yet to pay an outstanding of N339.97bn and a loan default of […]
Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, has said that those who want the Naira to be N400 to the Dollar are living in a dream world. Taking to his X account, Moghalu explained that the exchange rate should reflect its market value in reality. […]
*Local currency trades at discount on street market Naira may be on track to regaining N1,300/$ as the dumping of hard currencies warehoused by speculators turns the foreign exchange (FX) into a buyer’s market. The sluggish recovery of the local currency seems to have gained more speed in the past […]
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, yesterday said that the anticipated public listing of the company’s shares at the stock market as provided for in the Petroleum Industry Act (PIA) will start soon. Kyari told international oil and gas players participating […]
Nigerian Government Allocates N47.5Billion For Rehabilitation Of 50 Schools Without Locations Amid Budget Padding Scandal.” SaharaReporters earlier reported that the now-suspended Senator Abdul Ningi two weeks ago alleged that the leadership of the Senate padded the 2024 budget by N3.7 trillion. As Nigerians continue to probe into the alleged padding […]
Food Prices In Governor Sanwo-Olu’s Subsidised Market Are Even Higher Than Actual Market – Lagos Residents Lament Some residents of Lagos State have claimed that the food items being sold at the discounted market recently launched by the state government are actually expensive in comparison to the actual market prices. Recall […]
Zeta Power Limited has advised business owners and drivers to reduce their daily running costs with the use of Compressed Natural Gas. The Zeta Power Chief Executive Officer, Operation, Kyriakos Schizas, advised in an interview with our correspondent on Wednesday. According to Schizas, companies would save over 50 per cent […]
The Central Bank of Nigeria’s governor expects headline inflation to fall to 21.4 per cent in 2024. The apex bank’s governor disclosed this during his keynote speech at the launching of the Nigerian Economic Summit Group macroeconomic outlook report for 2024. He said, “Inflationary pressures are expected to decline in […]
The Nigerian Exchange Limited’s benchmark index crossed the 100,000 basis point mark, setting a new all-time high record on Wednesday. At the close of trading, the All-Share Index of the local bourse gained 2,954.14 points or 2.99 per cent to close at a new high of 101,571.11. The ASI closed […]
The Federal Inland Revenue Service surpassed its 2023 revenue target by N816bn, a 107 per cent performance over the set goal and has set a target to collect N19.4 turn in tax this year. The Coordinating Director of Special Tax Operations Group, Amina Ado, disclosed this at the 2024 management […]