Economy/Business - News Agency Of Nigeria

FG to close energy gap through Rural Electrification Agency– Minister

On: February 2, 2023

By Constance Athekame The Federal Government says projects implemented through the Rural Electrification Agency (REA) will go a long way in closing the energy gap and enlivening unserved and underserved Nigerians. The Minister of State Power, Mr Goddy Jedy-Agba, said this in Abuja on Thursday, at the 2023 REA’s ManagementContinue Reading

Buhari inaugurates new MOFI Board

By: Rabi'u Sani Ali

On: February 2, 2023

In: Economy/Business

By Ismaila Chafe President Muhammadu Buhari has charged the Ministry of Finance Incorporated (MOFI) to grow its Assets Under Management from the current value of N18 trillion to at least N100 trillion in the next 10 years. The president gave the charge at the launch of the new MOFI andContinue Reading

CCGI seeks 6 months extention to phase out old naira notes

By: Salisu Sani Idris

On: February 1, 2023

In: Economy/Business

By Taiye Olayemi The Civic Consciousness Global Initiative (CCGI), a Non-Governmental Organisation (NGO), on Tuesday urged the Federal Government to further extend the deadline for the swapping of old naira notes with the redesigned ones by six months. Rev. Solomon Aderibigbe, Chairman of CCGI, made the call during a news conferenceContinue Reading

Buhari appoints Segun Awolowo as AfCFTA-NAC Secretary

By: Vivian Ihechu

On: January 31, 2023

In: Economy/Business

By Ismaila Chafe President Muhammadu Buhari has approved the appointment of Mr Olusegun Awolowo as Secretary, National Action Committee on the African Continental Free Trade Area (AfCFTA), for a tenure of four years. Mr Femi Adesina, the President’s spokesman, who confirmed this in a statement kn Tuesday in Abuja, saidContinue Reading

Nigeria’s public debt stock increases to N44.06trn in Q3 2022 – NBS

By: Afonne Emmanuel

On: January 31, 2023

In: Economy/Business

By Okeoghene Akubuike Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion (101.91 billion dollars) in the third quarter of 2022. The National Bureau of Statistics (NBS), said this on Tuesday in its Nigerian Domestic and Foreign Debt ReportContinue Reading

Cashless system helps in tracking election financing — Osinbajo

By: Rabi'u Sani Ali

On: January 31, 2023

In: Economy/Business

By Chijioke Okoronkwo Vice President Yemi Osinbajo says a cashless policy, when effectively operated in Nigeria, can help stem the surge of illicit election financing by making it possible to track funds. Osinbajo’s spokesman, Laolu Akande, in a statement on Monday in Abuja, said the vice president received a delegationContinue Reading

DSS intercepts syndicates allegedly selling new Naira notes

By: Vivian Ihechu

On: January 30, 2023

In: Economy/Business

By Monday Ijeh The Department of State Services (DSS) says it has intercepted some syndicates in parts of the country for allegedly selling the new redesigned Naira notes. This is contained in a statement issued by Dr Peter Afunanya, the Public Relations Officer of the DSS, on Monday in Abuja.Continue Reading

Currency swap: Jubilation trails extension of deadline

By: Afonne Emmanuel

On: January 30, 2023

In: Economy/Business

By Cecilia Ijuo Some residents of the Federal Capital Territory (FCT), Abuja, have expressed joy over the extension of the deadline to swap old Naira notes. The News Agency of Nigeria (NAN) reports that the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Sunday announced thatContinue Reading

ASSBIFI commends extension of validity of old Naira notes

By: Vivian Ihechu

On: January 29, 2023

In: Economy/Business

By Esenvosa Izah The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) on Sunday in Lagos endorsed the extension of the validity of old naira notes from Jan. 31 to Feb. 10. Its president, Mr Olusoji Oluwole, told the News Agency of Nigeria (NAN)Continue Reading

Buhari approves 10-day extension of old Naira swap

By: Salisu Sani Idris

On: January 29, 2023

In: Economy/Business

By Ismaila Chafe President Muhammadu Buhari on Sunday in Daura, Katsina State, approved a 10-day extension of the deadline for the swapping of currency to new notes. The News Agency of Nigeria (NAN) reports that the Governor of the Central Bank of Nigeria (CBN), who confirmed this to newsmen inContinue Reading

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