The Senate on Wednesday resolved to support the move by the Central Bank of Nigeria (CBN) to redesign high denominations of the national currency, describing the monetary policy move as desirable to the nation’s financial system. The red chamber’s decision was sequel to its resolution on a motion on the policy by the Chairman, Senate […]
The House of Representatives and Federal Road Safety Corps (FRSC) have commended Dangote Coal Mines Limited for supporting the government through its multi-million Naira social schemes and for adopting innovations that have remarkably reduced the rate of auto crashes in the country. Speaking at an interaction session involving the company’s host community’s leaders and youths […]
BudgIT, a non-governmental organisation (NGO) committed to public finance transparency and accountability in the country, has charged the National Assembly to guard against padding of the 2023 budget by Ministries, Departments and Agencies (MDAs) in view of current economic reality in the country. The Country Director of the group, Mr. Gabriel Okeowo, was quoted by […]
The Senate has charged the Ministry of Communications and Digital Economy to intensify public awareness on the newly enacted Start-up Act 2022 with a view to sensitizing millions of Nigerian youths on the benefits and opportunities of the law. The Chairman of the Senate Committee, Information and Communications Technology (ICT) and Cybersecurity, Sen. Oseni Yakubu, […]
The Senate has charged the Ministry of Communications and Digital Economy to intensify public awareness on the newly enacted Start-up Act with a view to sensitizing millions of Nigerian youths on the benefits and opportunities of the law. The Chairman of the Senate Committee, Information and Communications Technology (ICT) and Cybersecurity, Sen. Oseni Yakubu, gave […]
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has concluded arrangements to start the process of reviewing the remuneration of political, public and judicial office holders in the country. The Chairman of the Commission, Mohammed Bello Shehu, gave this hint when he led a delegation of the commission’s management on a courtesy visit to the […]
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 percent of the equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’). This is even as the House of Representatives on Wednesday endorsed the sale […]
As part of its fiscal measures to address lingering crisis in the nation’s tertiary institutions, the Federal Government on Wednesday disclosed that it provided N470 billion special fund for university revitalisation and upward adjustment of lecturers’ salaries in the 2023 Appropriation Bill now before the National Assembly. The Minister of Finance, Budget and National Planning, […]
President Muhammadu Buhari on Wednesday signed the Nigeria Startup Bill (NSB) into law. The bill, which was a joint initiative of Nigeria’s tech startup ecosystem and the Presidency, aimed at harnessing the potential of the country’s digital economy through co-created regulations, had earlier been passed by the Senate and House of Representatives in July this […]
The Federal Capital Territory’s (FCT’s) N607.9 billion budget 2022 scaled the second reading on Wednesday at the Senate following the deliberations on the provisions at plenary. The Senate Leader, Sen. Ibrahim Gobir, who led the debate at plenary, told the lawmakers that The budget sought to authorise the issue from the Federal Capital Territory Administration […]