Naira to Dollar Rate: BDCs Proffer Solutions To Depreciation
Bureaux De Change Operators (BDCs) under the umbrella of the Association of Bureaux De Change Operators of Nigeria (ABCON), has revealed plans for a unified retail end of the foreign currency market to tackle the recent Naira depreciation. The president…
Delta to Commence Another Round of Palliatives Distribution — Egbo
Coordinator of Subsidy Palliatives Committee in Delta State, and Special Adviser to the Governor on Transportation, Olorogun Jaro Egbo, has disclosed that the state government will soon commence another round of palliatives distribution to mitigate hardship occasioned by federal government…
NLTF Commends EFCC for Raising its Remittance Inflows to N2.1bn
The Executive Secretary and Chief Executive Officer (ES/CEO) of the National Lottery Trust Fund (NLTF), Bello Maigari, has commended the Economic and Financial Crimes Commission (EFCC) for helping to widen the revenue base of the Fund through enhanced remittance inflows…
Governor Obaseki Inspects Ongoing Projects, Assures Of Efforts to Stabilise Food Price, Ensure Food Security
The Edo State Governor, Godwin Obaseki, has led other top government functionaries to inspect several projects in Oredo Local Government Area (LGA). Projects inspected include the reconstruction of Ekiosa Market, renovation/remodeling of the Edo State Board of Internal Revenue Service…
Obi Knocks CBN’s New MPR, Says Policy Will Worsen Economic Situation, Lead to Job Loss
main opposition voice in Nigeria and the 2023 presidential candidate of Labour Party (LP), Peter Obi has given a thumbs down to the New Monetary Policy Rates (MPRs) released by the Central Bank of Nigeria (CBN). According to Obi, an…
Fall of Naira: Why You Should Leave BDC Operators Alone – Obi Guides Agencies
Main opposition voice and the Labour Party Presidential Candidate in last year’s general election, Peter Obi, has advised government agencies arresting Bureau de Change (BDC) operators to assist in easing foreign exchange challenges facing the country because they are not…
Steel Sector Invaluable To Oil And Gas Industry – Uba Maigari
The Minister of State, Ministry of Steel Development, Uba Maigari Ahmadu, has stated that the Steel Sector is essential in the oil and gas industry as steel allows for the extraction of valuable resources that are used to fuel our…
Lagos Assembly Suggests Ways To Strengthen Naira Against Dollar
The Lagos State House of Assembly has decried the continued downward slide in the value of the naira against the dollar. As at Tuesday, a dollar hovered between N1,474 and N1,500 and the lawmakers, at plenary, advised the federal government…
Nigeria, US Form Partnership on Mining Development
In a resolve to strengthen collaboration between Nigeria and the United States on mining development, both countries have formed a working group to work out modalities of partnership. As a follow-up to last week’s Abuja meeting with the United States…
Delta State Governor Assents 2024 Appropriation Bill of N724bn
Delta State Governor, Rt. Hon. Sheriff Oborevwori, Wednesday, in Asaba, assented to the state’s 2024 Appropriation Bill of N724,979,313,867 billion. The approved budget is made up of N316,624,462,711 recurrent expenditure while the sum of N408,354,851,156 is for capital expenditure. While…
Over 41,000 Households Benefited from N5.3bn NG-CARES Programme — BOI
The Bank of Industry (BOI) has disclosed that over 41,000 households and companies have benefited from the Bank’s N5.3 billion COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme disbursements in four years. Speaking on Thursday at NG-CARES Stakeholders Engagement Workshop…
