Some states are experiencing cash crunch as the Automated Teller Machines (ATMs) no longer dispense money and banks ration cash withdrawal Over The Counter (OTC) by depositors. The Central Bank of Nigeria (CBN) blamed the situation on ‘uneven cash flow and huge withdrawal by depositors ahead of the festivities, reports The Nation. Many Nigeria...
•MOFI The House of Representatives Committee on Public Assets, yesterday, in Abuja put the value of federal yovernment assets at $100 billion, insisting that there is an urgent need to safeguard the assets against looting. The lawmakers are also worried over the wrong valuation of the assets as they stressed the need for proper documentation [...
•CBN Governor Olayemi Cardoso Huge crowd besieged banking halls yesterday, as customers moved to link their Bank Verification Numbers and National Identity Numbers to their bank accounts. This followed the new directive of the banking regulator to the banks on Friday, to bar customers who were yet to link their BVN and NIN from having [&hellip...
•Tinubu and Lukman A chieftain of the All Progressives Congress (APC), Salihu Moh Lukman, has taken a swipe on President Bola Tinubu, accusing him of removing fuel subsidy and floating naira against other major currencies, without proper planning. In a statement in Abuja, yesterday, the former member of National Working Committee (NWC) of the ...
•Dr Doris Uzoka-Anite All is set for the disbursement of the N275 billion palliative support funds announced in July by President Bola Ahmed Tinubu, to mitigate the pains arising from the removal of petrol subsidy. Minister for Industry, Trade and Investment, Dr Doris Uzoka-Anite, yesterday said that two programmes under the multi-layered inte...
•Lagos LagRide Scheme The Lagos LagRide Scheme is currently embroiled in an ongoing controversy following the decision of Ibile Holding Company, an investment arm of the Lagos State Government, to withdraw vehicles from its investing partners who legally leased the vehicles from the Lagos State Government on a four year repayment plan. This is...
•Tinubu In the last six months, the three tiers of government- Federal, States and Local Councils, have shared N5.57 trillion as allocation from the Federal Accounts Allocation Committee, FAAC, according to checks. Within the period, which is President Bola Tinubu’s first six months in office, having assumed power on May 29, 2023, the federal ...
•Tinubu at NASS The Senate has released the sectoral allocations of the N27.5 trillion budget for 2024 fiscal year. This is coming amid the controversy over the sketchy details of the budget President Bola Ahmed Tinubu presented to the National Assembly on Wednesday, reports Daily Trust. Our correspondent observed that lawmakers were only prov...
•Tinubu at NASS Stakeholders have begun to worry about the paltry 12.5 per cent allocation for both health and education in the 2024 Appropriation Bill, predicting that the social sector of the economy may suffer acute funding in the coming years, that will aggravate the poor living conditions of the people. The bill, which was […]
•Photo caption: Group Managing Director/CEO, Zenith Bank Plc, Dr. Ebenezer Onyeagwu and the President/CEO, CFA Institute, Margaret Franklin during the signing of an MOU between Zenith Bank and the CFA Institute to develop human capital in finance and investment, recently. Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the ...
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