National Assembly passes 2023 budget, raises estimates by N1.33trn
The National Assembly has passed N21.83 trillion as budget for the 2023 fiscal year. The two chambers passed the appropriation…
FG Plans to Probe 40 Fintechs, Digital Loan Apps
The Nigerian government is exploring avenues to probe some digital loan apps over what has been described as alleged sharp…
World Bank warns of imminent global recession, debt distress
As fear of global economic lull spreads across the regions, the World Bank has warned that “even a moderate hit”…
PenCom to increase retirees’ monthly pension from February 2023
The National Pension Commission (PenCom) says it has approved the increase of monthly pensions for retirees on “programmed withdrawal” under…
NBS worries over surging food prices
National Bureau of Statistics (NBS), yesterday, expressed concerns that average prices of foodstuffs and transport fares have hit the rooftop.…
94% of Cash Transactions Within N500,000 New Cash Withdrawal Limit
The Central Bank of Nigeria (CBN) yesterday said 94 per cent of all cash transactions falls below the N500,000 new…
Import index rises by 0.76% in third quarter of 2022, says NBS
National Bureau of Statistics (NBS), has said that the all-commodity group import index on average increased by 0.76 per cent…
We’ve ordered 500 million new notes, says CBN
Aishah Ahmad, Deputy Governor of the Central Bank of Nigeria (CBN), says 500 million new naira notes have been ordered…
MPC member cautions against ‘too much policy tightening’
As the Central Bank of Nigeria (CBN) intensifies its inflation fight, a member of the apex bank’s Monetary Policy Committee…
CBN Raises Withdrawal Limits to N500,000 for Individuals, N5m for Firms
The Central Bank of Nigeria (CBN) on Wednesday bowed to pressure from many Nigerians and lawmakers as it announced an…