Finance

About $2 billion in annual income has been identified by analysts as one of the potential benefits from the federal government’s initiative to make expatriates’ employment contribute more to the national purse. Some other benefits include increase in employment rate and lowering of the quest for foreign exchange. The planned …

The Central Bank of Nigeria (CBN) has disclosed plans to increase the capital base of banks in the country. In his speech at the 2023 Bankers’ Dinner on Friday, CBN Governor Dr Olayemi Cardoso said while there has been stability in the banking sector, banks in the country were not …

●Association excited about trigger against frustration of students’ projects by lecturers National Association of Nigeria Students (NANS) has demanded from the Federal Government the setting up of a committee to review the Students Loan Act. The association made the demand last Tuesday in Abuja at a stakeholders’ meeting on the …

Eighty-three Nigerian scholars departed the country for Morocco under the Bilateral Education Agreement of the Federal Ministry of Education. At a pre-departure briefing in Abuja on Thursday, the Minister of Education, Tahir Mamman, said that the selection of the scholars was in line with the renewed Hope agenda of President …

Barely a few days after berating his aides over what he described as poor misrepresentation of his administration, Governor Yahaya Bello of Kogi State has directed the freezing of all state and local government accounts with immediate effect. In a statement on Thursday, the Commissioner for Finance, Asiru Idris, said …

Justice Hamza Muazu of the Federal Capital Territory High Court Abuja, has granted the immediate past Governor of the Central Bank, Mr Godwin Emefiele, bail in the sum of N300 million and two sureties in like sum. The sureties must have certificates of occupancy and titles of properties within the …

The European Union has released €1,000,000 (N847 million) as humanitarian funding to fight the spread of diphtheria and assist the most affected communities. According to a press statement released on Tuesday by the EU, the €1million came in addition to €150,000 which the EU allocated to the Disaster Response Emergency …

The House of Representatives on Tuesday approved the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The House approved a benchmark oil price of USD$73.96, $73.76 and $69.90 per barrel, daily crude oil production of 1.78 mbps, 1.80 mbps, and 1.81 mbps, for 2024, 2025, and 2026 …

Appearing before the House of Representatives, the service chiefs and the Inspector General of Police (IGP), Kayode Egbetokun, on Tuesday, listed their challenges and needs in a bid to improve the security situation in the country. The service chiefs include the Chief of Defence Staff (CDS), General Christopher Musa; Chief …

Saheed Azeez, 33-year-old conman, won refugee status in Britain by claiming he was persecuted in Nigeria for being gay. He was later to have three children with three women in Britain and masterminded a £220,000 Facebook and eBay parcel fraud racket. Saheed, an asylum seeker, had been allowed to settle …