Senate passes N21.8 trn 2023 budget
The Senate on Wednesday, passed the N21.8 trillion 2023 budget. This followed the adoption of the report of the Senate Committee on Appropriation at plenary.
Category : Finance
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How Telecom impacted Nigerian economy in 2022
The impact of telecom services on the Nigerian economy in 2022, despite the many challenges it faced As the year 2022 winds down, telecom operators
Old notes: Extend deadline to June, Senate tells CBN
The Senate has urged the Central Bank of Nigeria to urgently extend the withdrawal of old currency notes from circulation from January 31, to June
Defence, health ministries get lion’s share, N’Assembly passes N21.8tn budget
The National Assembly on Wednesday increased the 2023 budget proposal from N20.51tn to N21.82tn and passed it. The President, Major General Muhammadu Buhari, (retd) had
Senate rejects Buhari’s request to restructure N22tn loan
The Senate on Wednesday rejected the request by the President, Major General Muhammadu Buhari, (retd.), to restructure the N22.7tn Ways and Means advances collected by
CBN: Banks’ annual loans to businesses hit N6.69tr
The value of new cash deposits attracted by banks to their vaults in the last one year rose to N6.69 trillion, the Central Bank of
Govt raises hope on salary increase for workers in 2023
Plans are underway for an upward review of salary structures for civil servants by the Federal Government, Labour and Employment Minister Dr. Chris Ngige hinted
Credit to private sector adds N6.4trn in 11 months, crosses N41trn mark
With banks increasing interventions in the real sectors, credit to private sector increased to N41.58 trillion in November 2022 from N40.84 trillion in October, the
Banks’ assets total up 21.58% to N69.67trn in Q3 2022
The Central Bank of Nigeria (CBN) has revealed that banks’ total assets in the third quarter of 2022 rose by 21.58 per cent to N69.67
Immigration rakes in N438bn from passport issuance, others
The Nigeria Immigration Service has generated N438.78bn as revenue from 2017 to date, findings by The PUNCH have shown. This came as the total sum
