Nigeria’s Debt Is Expected To Reach N77 Trillion, While Loan Servicing Will Cost N5.2 Trillion. The Nigeria Director-General of the Debt Management Office, Patience Oniha disclosed on Wednesday, at the public presentation of the 2023 budget by the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, that the Nigeria’s public debt may hit…
Budget for 2023 would result in unemployment and inflation, says Utomi According to Pat Utomi, a political economy professor and the founder of the Centre for Values in Leadership, the recently passed 2023 budget will result in severe inflation, job losses, and a collapse of the currency rate. The analyst who referred to it…
Nigeria’s 2023 Budget Hopeless, says Ezekwesili A former Minister of Education, Obiageli Ezekwesili, has raised concerns over the 2023 National budget, describing it as “hopeless”. Recall that President Muhammadu Buhari signed the 2023 transition budget Tuesday morning at the Council Chambers of the Presidential Villa, Abuja, in the presence of Vice President Yemi Osinbajo, Senate…
Reps Caution The EFCC Not To Sell Assets To Looters The Economic and Financial Crimes Commission has been urged to stop looters from recovering their loot in the ongoing auction of seized and forfeited assets by the House of Representatives Ad Hoc Committee on Assessment and Status of All Recovered Loot Movable and Immovable Assets…
Biden Signs Whopping $1.7 Trillion Government Spending Bill Into Law By Boniface Ihiasota, USA A whopping of $1.7 trillion federal funding plan that incorporates several administration initiatives and successfully averts a government shutdown was signed by President Joe Biden on Thursday, capping up what he called “a year of historic progress.” In a tweet, Biden…
Petroleum Agency Assures Fuel Availability During Yuletide The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured of fuel availability during the yuletide, warning that it will clamp down on petrol stations hoarding fuel to create artificial scarcity. Controller of NMDPRA in Jos, Plateau State, Abdulsalam Mohammed, said the agency had taken measures to…
Transport Fares increases as petrol sells at N270 per litre On Thursday morning, the News Agency of Nigy(NAN) correspondent who observed the price and availability of fuel reports that the situation of the fuel has caused hike in transport. Petrol is now selling at N260 and N270 per litre in Awka, capital of Anambra state….
OIRS: Taxes Becomes A Priority In Osun The Assistant Chief Inspector of Taxes, Osun Internal Revenue Services, Mrs Mobolaji Fawunmi during a weekly live radio programme, on Rave FM, Osogbo, urges the residents of Osun state to participate in paying taxes and attendant levies in the state. She said payment of taxes and other attendant…
Nigerians Can’t Withdraw More Than N100,000 Again, Says CBN in New Memo New cash withdrawal restrictions have been set by the Central Bank of Nigeria, CBN, saying they go into effect on January 9, 2023. The directive said individuals will only be permitted to withdraw N100,000 per week from ATMs, Point of Sale machines, or…
Actor John Dumelo Launches “Operation Feed Ourselves” in Ghana One of the leading Ghanaian actors, John Dumelo has launched an agriculture revolution initiative, “Operation Feed Ourselves,” Monday morning in Ghana. Taking to his social media page, the thespian, said the important aspect of the initiative is to urge Ghanaians to add value to what they…