The Federal government has finally dropped 26 professional bodies and councils of agencies from its budgetary allocations in the 2024 budget, Sunday PUNCH has learnt. By this, the government intends to save N27.72bn in budgetary allocations for the New Year.…
Power consumers lodged a total of 333,947 complaints bordering on metering, billing and service interruption to their various distribution companies within a period of three months, the Federal Government has said. It disclosed this in the latest third quarter report…
The World Bank has said that Nigeria and other countries in Africa, North America, and Latin America have been most affected by domestic food price inflation. In its recently released Food Security Update, the multilateral lender said that while domestic…
The President of the Lagos Chamber of Commerce and Industry, Gabriel Idahosa, has projected that the country’s inflation rate will decelerate in 2024. Idahosa, who was speaking during an exclusive interview with Sunday PUNCH on Friday, blamed fuel subsidy removal…
The volume of eNaira in circulation rose by 284.6 per cent to N9.78bn in August, according to the Central Bank of Nigeria. This is as the volume of notes and coins declined by 14 per cent to N2.65tn in August…
The retiring Controller of the Nigeria Correctional Service, Ogun State Command, AbdulRashed Alimi, on Thursday, lamented the poor salary package for the officers of the agency. According to him, workers’ salaries do not reflect the risk involved in their jobs…
The Corporate Affairs Commission has announced an extension of time for companies to submit their annual returns, allowing for a revised timeline from January 1, 2024, to April 1, 2024. This was disclosed in a statement seen by our correspondent…
The new stablecoin cNGN is being developed by a consortium of Nigerian banks, fintechs, and blockchain businesses and will be consistent with the regulations set by the stakeholders and controlled Naira stablecoin. The Nigerian Naira would be pegged 1:1 to…
The Nigerian Stock Exchange has closed trading for the year 2023 with MTN Nigeria and Dangote Cement leading the market gainers with 4.58% and 2.20% gains, respectively. According to Arise News, the Chief Executive Officer of the NGX, Temi Popoola…
In a report compiled by African Financials, the business consultancy firm, South Africa’s MTN Group, Dangote, and other companies have been extraordinary all year round as they stand as the top 30 companies in Sub-Saharan Africa, aside from South Africa.…
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