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Category News
FG’s Borrowings Increase Money Supply by 51%, Reaching N108.96tn, CBN Reveals
Driven by domestic borrowings from the private sector, Nigeria’s Broad Money Supply (M2) rose by 51 percent year-on-year, reaching N108.96 trillion in November 2024. According to the Central Bank of Nigeria’s Money and Credit Statistics data released on Monday, the…
Elon Musk, Mark Zuckerberg Top 2024 World’s Richest Billionaires List
Elon Musk, Mark Zuckerberg Top 2024 World’s Richest Billionaires List Elon Musk, Mark Zuckerberg, and Jensen Huang are leading the group of billionaires in 2024, according to the latest Bloomberg Billionaires Index. The world’s 500 richest people became considerably richer…
Oyebanji Signs 2025 Appropriation Bill Into Law
Governor Biodun Oyebanji of Ekiti State has signed the 2025 appropriation bill of Three Hundred and Seventy-Five Billion, Seven Hundred and Ninety Million, Seventy-Seven Thousand, Six Hundred Eighteen Naira, Fifteen Kobo (N375,790,077,618.15) into law. In his address on Monday, the…
FG Launches N250bn Real Estate Investment Fund
The Federal Government has launched a N250bn Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF) to increase housing opportunities for all Nigerians. According to a statement released by the Ministry of Finance on its X page, the government…
Akpabio Distributes Billions Worth of Empowerment Items to Constituents, Urges Support for Tinubu.
The President of the Senate, Godswill Akpabio on Monday distributed items worth billions of Naira through his empowerment programme to his constituents in Akwa Ibom North West Senatorial District. During the event, Akpabio also empowered his constituents with business grants…
Withdraw Your Threats Against Tinubu, Presidency Advises Gov. Bala Mohammed on Tax Bills
The Presidency has urged Bauchi State Governor Bala Mohammed to retract his threat toward President Bola Tinubu regarding the proposed tax reform bills. In a statement released on Monday, titled “RE: We’ll Show Tinubu Our True Colours,” Tinubu’s Special Adviser…
Fubara Presents ₦1.1tn Budget To Oko-Jumbo-Led Rivers Assembly
Rivers State Governor Siminalayi Fubara has presented the 2025 budget proposal of ₦1.1 trillion to the Victor Oko-Jumbo-led Rivers State House of Assembly. The Appropriation Bill, tagged “Budget of Inclusive Growth and Development”, was presented during plenary on Monday. Arriving…
Tinubu Applauds NNPCL’s Efforts in Reopening Warri Refinery
President Bola Tinubu has expressed his profound joy at the re-opening of the Warri Refining and Petrochemical Company by the Nigerian National Petroleum Company Limited. A statement by the Special Adviser to the President (Information & Strategy), Bayo Onanuga on…
Warri Refinery Operating At 60% Capacity — Kyari
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, has announced that the Warri Refinery is currently operating at 60 percent of its 125,000 barrels per day capacity. He made this statement during a tour…
The African Development Bank (AfDB) is preparing to launch a $2.2 billion fund aimed at developing Special Agro-Industrial Processing Zones (SAPZ) in Nigeria. Abdul Kamara, the Director General of AfDB’s Nigeria Office, announced this during Channels Television’s 2024 End-of-Year Review,…
When Time Is Right, We’ll Know Who Is Who, Fubara Tells Opponents
Governor Siminalayi Fubara of Rivers State has urged his supporters to stay calm in light of recent political statements from various groups. He reassured them that the appropriate time for active campaigning had not yet arrived. When the moment is…
Wike Accuses Odili of Partiality Amid Ongoing Rivers Crisis
The political crisis in Rivers State shows no signs of easing as the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has accused former Rivers State Governor Peter Odili of supporting Governor Siminalayi Fubara instead of taking a fatherly…
World Bank Allocates $1.5 Billion to Nigeria Following Subsidy Removal, Tax Reforms
Nigeria has secured a $1.5 billion loan from the World Bank after the Federal Government implemented several economic reforms, such as eliminating fuel subsidies and introducing new tax policies. This was after the apex bank said it had approved two…
NCAA, Operators Announce 10 PM Closure for Sunset Airport Amid Disruptions
The Nigeria Civil Aviation Authority, along with other authorities in the aviation industry, has agreed to extend operational hours to 10 PM at sunset airports. Sunset airports are those that currently operate between 7 AM and 7 PM due to…