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Delta Assembly Passes 2024 Appropriation Bill of N724.9bn The Delta House of Assembly, on Thursday, passed the 2024 Appropriation Bill of N724.9 billion. The passage of the Appropriation Bill followed the adoption of the report of the House Committee on Finance and Appropriation during plenary in Asaba. The budget is made up of recent expenditures […]

Chinese Yuan Strengthens to 7.1090 Against Dollar The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 36 pips to 7.1090 against the dollar on Thursday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent […]

NGX: All-Share Index Hits 72,000 Mark The All-Share Index (ASI), one of the performance indices of the equity market on Nigerian Exchange Ltd. (NGX), crossed 72,000 mark, increasing to 72,299.79 points on Wednesday. The figure represents an increase of 392.53 points, representing a 0.55 per cent when compared with 71,907.26 recorded at the previous session. […]Read More

Chartered Secretaries Call for Nigerians’ Forbearance on Economic Policies The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has urged Nigerians to exercise patience with the various economic policies by the President Bola Tinubu led administration to gestate and have projected impact on the society. Mrs Funmi Ekundayo, President, ICSAN, gave the advice during […]

CBN Assures of Adequate Cash Supply, Says 3.4trn in Circulation The Central Bank of Nigeria (CBN) has reassured Nigerians of enough Naira notes in circulation, to carter for their cash needs. CBN’s Acting Director, Corporate Communications, Mrs Hakama Ali, gave the assurance in a statement on Wednesday. There has been complaints of a perennial shortage […]

Crude Oil Production, Price Benchmark for 2024 Budget Realistic – NNPCL The Nigerian National Petroleum Company Ltd. (NNPCL) has assured that projections on crude oil production and price benchmark for the 2024 Budget were realistic and realisable. The Group Chief Executive Officer (GCEO) of the Company, Mr Mele Kyari, gave the assurance during an interactive […]

CIBN Awards Practice Licenses to 14 Banking Professionals The Chartered Institute of Bankers of Nigeria (CIBN) has awarded practice licence to 14 deserving members who met all the requirements for issuance of the licence. The public presentation of the license was done at a two-pronged event organised by the institute, on Wednesday in Lagos.  The […]

Financial Inclusion Reaches 64%- EFInA Survey Reveals The Enhancing Financial Innovation and Access (EFInA) says the percentage of adults who use regulated financial services in Nigeria has increased from 56 per cent in 2020 to 64 per cent in 2023. Dr Oluwatobi Eromosele, General Manager/ A2F Research Lead, EFInA, disclosed this while presenting Access to […]

The Nigeria Police Force Public Relations Officer (FPRO), Olumuyiwa Adejobi, has affirmed the right of citizens to record police officers while they are on duty. The Force spokesperson made this statement as a response to an X user, #Boy_Cyril, who claimed that police had extorted him for filming them during a stop-and-search operation. You can […]

The crisis in the Rivers State House of Assembly further escalated on Thursday as a faction of lawmakers led by Speaker Martin Amaewhule convened a separate session after their seats were declared vacant by a rival pro-government group. The Amaewhule faction, mostly loyalists of former Rivers Governor Nyesom Wike, met in an auditorium at the […]

A human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana has asked President Bola Tinubu to stop parading himself as the Minister of Petroleum, noting that the President did not face Senate Screening as required by the Constitution. The fiery lawyer stated this while presenting a keynote address at the launch of the […]

The Kano State Government, on Thursday, agreed to pay N3 billion ias compensation to the Incorporated Trustees of Masallacin Eid Shop Owners and Traders Association for the unlawful demolition of their property. The agreement was reached through an application on terms of settlement dated Dec. 12 and filed Dec. 13 by counsel to parties before […]