2020 budget scales second reading in Senate

Adjourns plenary to Nov 29  The 2020 Appropriation Bill submitted to the National Assembly last week by President Muhammadu Buhari on Tuesday scaled second reading on the floor of the Senate. The... Read more »

Nigeria lowers oil benchmark over expected crude glut

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said the Federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against... Read more »

Budget 2020: Fresh borrowing to raise Nigeria’s public debt to N27tr

The Federal government’s plan to borrow an additional N1.92 trillion in 2020 will take Nigeria’s total public debt portfolio to about N27.62 trillion, an additional N15.5 trillion borrowed since the first swearing-in of the... Read more »

UBA server hacked, Flour Mills’ N752m stolen, bank’s auditor tells court

A Federal High Court in Lagos has heard how thieves hacked United Bank for Africa (UBA) Plc computers and stole N752 million from a Flour Mills of Nigeria Plc account. One of... Read more »

Why I returned to school – Ayade

Cross River State Governor, Prof Ben Ayade, has explained why he returned to the university to earn a Master’s degree in Law. Indeed Ayade’s decision to return to school has generated mixed... Read more »

Senate to pass amended Production Sharing Contract bill, targets $1.5b for FG

The Federal government will be $1.5 billion richer after the passage of the Deep Offshore and Inland Basin Production Sharing Contract (Amendment) Bill by the National Assembly, Senate President, Ahmad Lawan, said... Read more »

Mamman Daura’s family denied me access to villa apartment – Aisha Buhari

First Lady, Aisha Buhari, has accused Mamman Daura’s family of denying her access to an apartment at the presidential villa. Mrs. Buhari has been drawn in a long-battle with Mamman Daura, her... Read more »

₦500, ₦1000 denominations most commonly cloned banknotes, says CBN

The Central Bank of Nigeria (CBN) has sensationally revealed that a total of 119,663 pieces of counterfeit notes with a nominal value of ₦98.82 million was recorded in 2018. The bank said... Read more »

FG can’t meet Labour’s demand on minimum wage – Ngige

Ahead of the resumed negotiation between the Federal government and Labour leaders on October 16, the Minister of Labour and Employment, Dr. Chris Ngige, has stated that the Nigerian government can’t meet... Read more »

Nigeria has a lot of problems, says US

The U.S Embassy in Nigeria has noted that Africa’s biggest nation has a lot of problems. It, however, called on Nigerians to embrace good music, which it described as a critical tool... Read more »
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