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Police Commissioner Launches Weapon and Riot Control Training for FCT Officers Democracy Radio
The Federal Government has raised about N4.13tn from bonds in the first half of 2024. This was revealed in the FMDQ Exchange Financial Markets Monthly Report for June this year. Value of new issuance of FBN bonds for June, which was N297.01bn, was the lowest in six months and the highest was N1.49tn in February. At the end of June 2024, the value of outstanding FGN bonds, which includes savings […]
Economic outlook for the second half of 2024 shows that ongoing reforms by the President Tinubu led government are beginning to yield results as seen with cases of improved trade balance, Increased FAAC allocations, Surge in Capital imports, Increased Foreign Reserves and Exchange rate convergence. This is according to the Norrenberger group, which also admitted that the reforms left Nigerians with High prices, Insecurity, Increased poverty, Depreciating currencies and High […]
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 27.65 per cent. The hike in the Monetary Policy Rate was disclosed by the Governor of the CBN, Olayemi Cardoso, at the end of the 296th MPC meeting in Abuja on Tuesday. The MPC had maintained a hawkish stance to tame inflation since it resumed meeting this year and thus far, it has […]
The House of Representatives on Monday called on all parties involved in the ongoing disputes in the petroleum sector to cease fire pending the outcome of its investigations. The House at the plenary on July 9 constituted a Joint Petroleum Committees on Midstream and Downstream sectors to conduct a forensic investigation towards addressing the pressing issues within Nigeria's energy sector following the faceoff between the NMDPRA and Dnagote refinery. Delivering his […]
President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with newsmen, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the NNPCL takes over the refinery, the allegations of monopoly would no longer be valid. This is coming after the […]
Senate says its emergency meeting with the economic team of President Bola Tinubu is to assess the level of implementation of the 2024 budget and how it impacts on the lives of the common Nigerians. In his remarks at the meeting ,Senate Committee chairman of Finance Senator Sani Musa said the although the committee is aware of the efforts of the administration to reposition the ailing economy but that there […]
Central Bank of Nigeria has commenced sales of forex to Bureau De Change operators after a four-month hiatus, newsmen have reported . This was after the apex bank confirmed forex sales of $122.67m to 46 authorized dealers on Friday. A statement signed by the Bank’s Director in charge of Financial Markets, Dr Omolara Duke, said the new release is part of the bank’s determination to promote stability and reduce market […]
House of Representatives Committee on the Federal Capital Territory (FCT) Area Councils and Ancillary Matters, has expressed its decision to embark on intensive oversight on agencies in charge of all Area Councils in the nation's capital. This, the Committee said, is due to the refusal of some of the agencies to honour its summons to present their budgetary expenditures. The Committee, led by representative Frederick Agbedi, also vowed to sanction […]
The Debt Management Office (DMO), says Nigeria’s debt-to- Gross Domestic Product (GDP) ratio is within the specifications of the World Bank and International Monetary Fund (IMF) for the country’s peer group. Director-General of the DMO, Patience Oniha, said this in an interview with newsmen on Tuesday in Abuja while reacting to some media reports that the debt-to-GDP ratio of 52 per cent exceeded the World Bank/IMF’s prudential ceiling for countries […]
