By Clifford Ndujihe, Politics Editor The Federal Government and 21 of the 36 states of the country have allocated N3.846 trillion of their 2025 budgets to healthcare. The figure represents a miserly 6.02 per cent of the N63.898 trillion they proposed to spend next year. This is a far cry from the World Health Organisation,…
Tukur Muntari and Ted Odogwu The Kano State Government has announced January 31, 2025, as the final deadline for landowners in the state to register or renew their Certificates of Occupancy. Failure to comply will result in the revocation of land titles. This directive was issued by the Commissioner for Land and Physical Planning, Abduljabbar…
By Collins Agwam The organised labour, comprising the Nigeria Labour Congress and Trade Union Congress, have ended a 16-day-old industrial action in Nasarawa State following a Memorandum of Understanding signed by the labour and the government. The state chairman of the NLC, Ismaila Okoh, made the disclosure while speaking with journalists shortly after the agreement…
The Central Bank of Nigeria has announced a fine of ₦150 million on Deposit Money Banks found guilty of giving out illegal flow of mint naira notes to currency hawkers across the country. The move was after the apex bank addressed recent misinformation about the validity of the old N1000, N500, and N200 banknotes still…
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,668 per dollar in the parallel market from N1,600 per dollar on Wednesday. However, the Naira appreciated to N1,534.6 per dollar in the official foreign exchange market. Data from the Daily Nigerian Foreign Exchange Market (NFEM) published by the Central Bank of Nigeria, CBN, showed that the…
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BY: Henry Falaiye The Association of Senior Staff of Banks, Insurance, and Financial Institutions has attributed the worsening cash shortage across the country to the Central Bank of Nigeria’s inability to meet the cash demands of commercial banks. Speaking with The PUNCH, ASSBIFI President, Olusoji Oluwole, highlighted the dire impact of the scarcity, particularly as…
By Channels Television His appointment was confirmed at the 189th meeting of the OPEC Conference, said Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri. In a statement by his media aide, Nneamaka Okafor, the minister hailed Adeyemi-Bero’s elevation as a testament to Nigeria’s active contributions to the global oil industry. Lokpobiri emphasised that this…
By Elizabeth Adegbesan The volume of dollar traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose Year-on-Year (YoY) by 61.9 percent to $43.09 billion in the first eleven months of 2024 (11M’24) from $26.6 billion in the corresponding period of 2023. Details of the quarterly transactions in the market as published by FMDQ showed…
Global oil prices declined on Tuesday as fears of disruption from the political upheaval in Syria subsided, shifting market focus to broader economic factors. Brent crude dropped by 0.11% to $72.06 per barrel, while US West Texas Intermediate (WTI) crude fell 0.20% to $68.23 per barrel at 09:50 WAT. Both benchmarks had recorded gains of…
