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President Bola Tinubu made a defining mark on Wednesday as he presented the highly anticipated N27.5 trillion 2024 budget proposal to the joint session of the 10th National Assembly in Abuja. This milestone, marking his first presentation since assuming office six months ago, unfolded as a critical moment in Nigeria’s economic trajectory. Tinubu’s address to…
In response to prevailing economic conditions, the Federal Government has revised its 2024 budget proposal, increasing it from the initial N26 trillion to N27.5 trillion. The adjustments were announced by the Minister of Budget and Economic Planning, Atiku Bagudu, following the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu at the Presidential…
Executives from top banks in Nigeria have initiated discussions surrounding potential mergers and acquisitions. Larger banks are eyeing weaker institutions for possible acquisitions, while middle-strength and weaker banks are exploring alliances that could lead to mergers. This strategic move comes against the backdrop of directives from the Central Bank of Nigeria (CBN) urging Deposit Money…
The Central Bank of Nigeria (CBN) has witnessed a significant shakeup, with eight directors being redeployed to the Financial Sector Surveillance (FSS) Department in Maitama, sparking concerns among employees about potential further redeployments and job cuts. The decision to shift these directors to the FSS Department, traditionally perceived as less prestigious within the CBN, has…
The Federal Government, in collaboration with the Bank of Agriculture, has initiated a substantial drive to bolster agricultural development by disbursing N2.3 million in agricultural loans to civil servants. This effort aims to fortify the agricultural sector and ensure enhanced food security across the nation. Dr. Folashade Yemi-Esan, the Federation’s Head of Civil Service, revealed…
The Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, yesterday, said that the conferment of Honorary Doctorate degree in Business Administration on him, by the Enugu State University of Science and Technology, ESUT, would further cement the blossoming relationship between Shell Companies in Nigeria and the Institution.
On Monday, the Nigeria Labour Congress and the Trade Union Congress of Nigeria directed their affiliates to cease operations nationwide starting from midnight on November 14, 2023. TUC President Festus Osifo conveyed this decision in Abuja, emphasizing that the strike would persist until government authorities fulfill their duties. The strike also serves as a protest…
The National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Otumba Dele Oye, on Saturday said that stimulating Micro, Small and Medium Enterprises, MSMEs, would reduce poverty to the barest minimum in Nigeria.
The Central Bank of Nigeria (CBN) has confirmed that both old and redesigned naira banknotes are legal tender in the country and should not be rejected by anyone. The CBN’s Director of Corporate Communications, Isa AbdulMumin, issued this statement in response to reports of cash shortages in major cities, despite previous assurances of sufficient cash…
Nsukka Chamber of Commerce, Industry, Mines and Agriculture, NSCCIMA, has scheduled Saturday, November 11, 2023 for investiture on its second President, Barr. Sam Otoboeze.