FEC approves N16.39trn 2022 budget proposal
The Federal Executive Council (FEC) on Wednesday, approved the 2022 Appropriation Bill for an aggregate expenditure of N16.39 trillion for presentation to the National Assembly by President Muhammadu Buhari on Thursday. Dr Zainab Ahmed, the Minister of Finance, Budget and National Planning, made this known on Wednesday when she briefed
Invest in air cargo for revenue generation, insurer tells FG
Mr Babajide Olatunde-Agbeja, Chairman, Boff and Company Insurance Brokers, on Wednesday, in Lagos, described air cargo as Nigeria’s new golden income, capable of generating huge revenues for the government if adequately developed. “Air cargo is our new golden income in Nigeria, the earlier we realise it and implement a smooth
Gombe Govt. earmarks N17bn for ultramodern industrial park – Gov. Yahaya
Gombe state government has earmarked N17 billion for the construction of the Gombe Ultramodern Industrial Park, to promote medium and small scale enterprises in the state. The State Governor, Alhaji Inuwa Yahaya, revealed this after a closed door engagement with the Chief of Staff to the President, Prof. Ibrahim Gambari,
We’re committed to completing ongoing projects – NSC boss
The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Emmanuel Jime, said the present management would ensure the completion of projects started by his predecessor, Hassan Bello. He listed the projects as the Inland Dry Ports (IDPs), Vehicle Areas,(VTAs) Border Information Centres (BICs) and others. Jime said this in a statement
Zenith Bank GMD canvasses increased Impact Investing in Africa
Mr Ebenezer Onyeagwu, Group Managing Director/Chief Executive Officer, Zenith Bank Plc, has called for increased impact investing in Africa, to enable the continent achieve its full potentials. A statement by the bank issued to newsmen on Sunday, in Lagos, said Onyeagwu made the call in a keynote address at the
Naira slumps to 523 against dollar at parallel market
The naira slumped further to 523/$ at the parallel market on Wednesday, a day after the Central Bank of Nigeria stopped the allocation of foreign exchange to Bureau de Change operators in the country. The naira, which exchanged to the dollar at 503 on Monday, fell to 505 on Tuesday,
Bureaux de Change operators keep mum on CBN’s clampdown
Alhaji Aminu Gwadabe, the President of the Association of Bureaux de Change Operators of Nigeria (ABCON), has refused to comment on the action of the Central Bank of Nigeria (CBN) against his members. Politics Nigeria had reported that CBN blew hot, stopping the licensing of BDC operators in the country.
Food Security: CBN releases N756 billion to 3 million Farmers
The Central Bank of Nigeria (CBN), says it has released the sum of N756.51 billion to 3,734,938 small holder farmers, cultivating 4.6 million hectares of land, to boost the Federal Government’s food security initiative. Mr Godwin Emefiele, the CBN Governor, made this known while presenting a communiqué from the bank’s
Bitcoin soars above $40,000
Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its months-long range as short-sellers bailed out and traders drew confidence from recent positive comments about the cryptocurrency by high-profile investors. Bitcoin was last up 1.7 per cent at $40,149 while rival cryptocurrency ether rose 1
First Bank restates commitment to education
First Bank of Nigeria Ltd. said it would enhance its Corporate Responsibility and Sustainability (CR&S) initiatives in education to ensure growth and development of the country. The Chief Executive Officer of the bank, Dr Adesola Adeduntan, said this on Wednesday at the bank’s webinar with the theme: “Education- Does Kindness