By Taiye Olayemi The stock market closed the week on a positive note with market value growing by N91 billion. Specifically, market capitalisation which opened at N67,102 trillion, closed at N67,193 trillion, gaining N91 billion or 0.14 per cent. Similarly, All-Share Index improved by 146 points or 0.14 per centContinue Reading
By Grace Alegba The Naira appreciated in the official market on Friday, trading at N1,492.49 against the Dollar. Data from the Central Bank of Nigeria (CBN) website showed the Naira gained N6.57. This marks a 0.44 per cent increase compared to Thursday, Feb. 27, when it closed at N1,499.07 toContinue Reading
By Salif Atojoko President Bola Tinubu says the N54.99 trillion 2025 budget signed into law on Friday will empower Nigerians and build a resilient future. The President said this after signing the budget in a brief ceremony witnessed by Sen. Godswill Akpabio, President of the Senate, and otherContinue Reading
By Salif Atojoko President Bola Tinubu on Friday signed the N54.99 trillion 2025 Appropriation Bill into law at the State House, Abuja. The bill, which was passed by the National Assembly on Feb. 13, after increasing it from the initial N49.7 trillion submitted by President Tinubu, was signed in aContinue Reading
By Nana Musa The National President, Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Abubakar Maigandi, says the Federal Government has promised to pay the outstanding bridging claims and resolve other issues soon. Maigandi said this in a statement issued by Ukadike Chinedu, IPMAN National Publicity Secretary inContinue Reading
By Ginika Okoye The Nigeria Deposit Insurance Corporation (NDIC) has appealed for the continued support of external solicitors of the corporation in facilitating debt recovery and assets realisation of failed banks. Mr Hassan Bello, the Managing Director of NDIC, made the appeal at the 2024 Sensitisation Seminar for External SolicitorsContinue Reading
By Nana Musa The Federal Capital Territory Internal Revenue Service (FCT-IRS) has concluded plans to establish service kiosks in plazas and markets in Federal Capital City and the six area councils. Mr Michael Ango, acting Executive Chairman, FCT-IRS, disclosed this in Abuja on Thursday, during the service’s annual sensitisation campaign toContinue Reading
By Nana Musa The Federal Capital Territory Internal Revenue Service (FCT-IRS) has collected N262 billion Internally Generated Revenue (IGR) in 2024. Mr Michael Ango, acting Executive Chairman, FCT-IRS also said that the service had so far collected N43.8 billion in January. Ango disclosed this on Thursday, during the service’s annual sensitisationContinue Reading
By Vivian Emoni The Chairman of Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr Mohammed Shehu, has called for sustainable revenue generation to address dwindling allocations. Shehu also called for effective collaboration among relevant stakeholders for innovative revenue strategies to meet public service demands at all levels of government. He madeContinue Reading
By Angela Atabo The Federal Mortgage Bank of Nigeria (FMBN), says the National Housing Fund (NHF) collection has increased to N103 billion in 2024. Shehu Osidi, the Managing Director and Chief Executive of the bank, stated this at a news conference on Wednesday in Abuja. He said the bank achievedContinue Reading
