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CBN Releases $1.259bn To Oil Sector Players For Petroleum Imports0
CBN Releases $1.259bn to Oil Sector Players for Petroleum Imports Th Central Bank of Nigeria (CBN) has released $1.259 billion to oil sector operators to facilitate the importation of petroleum products, in a bid to stabilise fuel supply and ease pressure on the naira. The apex bank said the intervention was part of
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Nigeria’s 2024 Revenue Surges, But Budget Deficit Widens Amid Rising Expenditure — Budget Office0
Nigeria’s 2024 Revenue Surges, But Budget Deficit Widens Amid Rising Expenditure — Budget Office The Budget Office of the Federation has revealed that Nigeria recorded a significant rise in revenues in 2024, but the fiscal deficit also widened beyond government targets due to heavy spending pressures and unforeseen fiscal demands. In its latest budget
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CBN Releases New Draft Guidelines for ATM Operations, Targets Improved Access, Security, and Consumer Protection0
CBN Releases New Draft Guidelines for ATM Operations, Targets Improved Access, Security, and Consumer Protection The Central Bank of Nigeria (CBN) has unveiled new draft guidelines for Automated Teller Machine (ATM) operations, introducing far-reaching reforms aimed at improving accessibility, strengthening security, and ensuring better consumer protection across the nation’s banking sector. NUC Approves 13 New
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North Leads With 56% Of Tinubu’s Federal Appointments — FCC Acting Chair Reveals0
North Leads with 56% of Tinubu’s Federal Appointments — FCC Acting Chair Reveals The Acting Chairman of the Federal Character Commission (FCC), Mohammed Tukur, has revealed that the northern region currently dominates federal appointments under President Bola Ahmed Tinubu, accounting for about 56 percent of all positions filled so far. Five Years After #EndSARS: 20
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Petrol Nears ₦1,000 per Litre As Marketers Move To Import Fuel Independently Amid Dangote Refinery Glitches0
Petrol Nears ₦1,000 per Litre as Marketers Move to Import Fuel Independently Amid Dangote Refinery Glitches Nigeria’s petroleum marketers have begun arrangements to import petrol independently, following fresh reports of production setbacks at the Dangote Petroleum Refinery. The development comes as the price of petrol, also known as Premium Motor Spirit (PMS), approaches ₦1,000 per
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Nigeria Needs 27 Million New Jobs By 2030 To Curb Rising Unemployment – NESG Warns0
Nigeria Needs 27 Million New Jobs by 2030 to Curb Rising Unemployment – NESG Warns Nigeria must create at least 27 million new formal jobs by 2030 to prevent a worsening unemployment crisis as its working-age population grows rapidly, the Nigerian Economic Summit Group (NESG) has cautioned. This warning was contained in a new report
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