Despite the atmosphere of political chaos, Rivers State Executive Council has deliberated and approved an estimated budget of N800bn for the 2024 fiscal year. At the meeting, which was presided over by Governor Siminalayi Fubara today at the Executive Chamber of Government House in Port Harcourt, the Council also approved that the budget be ch...
A cash crunch has struck the nation’s capital, Abuja, resulting in long queues at several bank branches, as revealed by an investigation conducted today . The cash shortage can be attributed to several factors, including a surge in demand for cash ahead of the yuletide and logistical challenges in currency distribution, reports Vanguard. This ...
•House of Representatives The House of Representatives Committee on Customs and Excise has called for the setting up of a tripartite committee comprising the Central Bank of Nigeria, the Ministry of Finance, and the Nigeria Customs Service to provide a framework for a coordinated platform on fiscal and monetary policies for the country. The Ch...
Scarcity of cash witnessed by some states last week has also hit Makurdi, the capital of Benue state. Investigation revealed that most of the Money Deposit Banks, MDBs, Automated Teller Machines, ATMs, failed to dispense cash over the weekend, reports The Nation. Many customers were seen milling around ATMs at GT Bank along Otukpo Road, [&hell...
•Segun Ajayi-Kadir The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has regretted the exit of multinational consumer goods manufacturer, Procter & Gamble from Nigeria, saying that more manufacturers may follow suit. He said until the federal government takes clear redefined measures to address chal...
•CBN governor, Yemi Cardoso The manufacturing sector suffered a 400 percent increase in net foreign exchange loss to N466 billion in nine months ending September, reflecting the severe impact of the foreign exchange (Forex) market regime. Sector operators said the current forex situation has compounded the pressures emanating from the removal ...
There is a scarcity of money in the commercial banks in Imo State, leading to commercial banks starting to make low cash payments to their customers. This situation has continued to cause concerns for bank customers as they are unable to withdraw the actual amounts they intended to collect from the bank, reports Sunday Tribune. […]
•Smugglers buying fuel Taiwo Josu, a young lady in her 20s, strapped a school bag on her back; another of such bag was fastened on her chest, while a sack sat on her head. She appeared like someone set for the space, as she walked slowly under the heavy weight of what she carried this […]
•Asue Ighodalo Nigerian Breweries Plc has announced changes to the composition of its board of directors with the resignation of the chairman, Mr Asue Ighodalo. The company’s secretary, Mr Uaboi Agbebaku, made this known via a notification to the Nigerian Exchange Ltd yesterday in Lagos. Agbebaku said Ighodalo informed the company of his decis...
Broadcasting company Multichoice has jacked up the prices of its offerings in Nigeria days after announcing a $72m loss in its financial statement for the third quarter of the year. Checks on the company’s reviewed price list showed a 20 per cent per cent hike in the company’s packages across the board, reports Saturday PUNCH. […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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