On behalf of the government of Kaduna State, I wish to express my deepest regret at the needless suffering you are enduring.Let us stand up strongly for democracy, peace and national unity. My dear people of Kaduna State, With just about 100 days before leaving office, and elections just round the corner, it was my […]
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The Supreme Court Wednesday gave an interim order stopping the central bank of Nigeria (CBN) from ending the use of old naira notes from 10 February, the News Agency of Nigera (NAN) reports. A seven-member panel of the Supreme Court led by John Okoro, made the ruling on Wednesday in an ex parte application brought […]
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Zainab Ahmed, the Minister of Finance, Budget and National Planning, on Thursday said the Federal Government was borrowing money to fund petrol subsidies, insisting that the subsidy regime had become totally unsustainable. The Minister who disclosed this at the public presentation of details of the 2023 budget in Abuja, said: “Fuel subsidy cost was a […]
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A Professor of political economy, Pat Utomi, has concern that President Muhammadu Buhari’s 2023 budget for Nigeria will spell doom for the economy and cost of living, warning of “massive inflation.” Kokomansion recalls that Buhari signed the 2023 appropriation bill into law after the National Assembly passed the N21.83 trillion budget for the country on […]
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Director general, Debt Management Office (DMO), Patience Oniha, has said President Muhammadu Buhari will live behind a total of N77 trillion debt for incoming President. President Buhari’s tenure will end in May 2023. Oniha said this while fielding questions from newsmen at the public presentation and breakdown of the highlights of the 2023 appropriation act […]
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The Federal Government of Nigeria has revealed that fuel subsidy payment will gulp 3.36 trillion naira in six months. However, this means subsidy payment will persist till the end of the year, 2023. The Minister of Finance, Budget and disclosure Planning, Mrs Zainab Ahmed, made this known in Abuja during the public presentation of the […]
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Guaranty Trust Bank (GTBank) has announced that it will no longer allow its customers to use their naira Mastercards for international online and point-of-sale (POS) transactions starting on December 31st, 2022. In an email sent to customers on Thursday, the bank stated that customers can still use their GTBank dollar cards for all international spending […]
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The World Bank says Nigeria has enormous growth potential but has stagnated in the past decade. In its latest report titled, ‘Nigeria country economic memorandum: charting a new course’, published on its website, the World Bank said Nigeria’s potential and growth has been stagnated over the past decade. It noted that the country needs create […]
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About 300 entrepreneurs, investors, and celebrities took part in the opening reception for the US-Africa Leaders Summit, the investment-focused “Innovators Gathering”, honoring the influx of two-way investment and trade opportunities set to be announced at the U.S.-Africa Leaders Summit. The Innovators Gathering: Investing in U.S.-Africa Cultural and Economic Ties was hosted on December 12 by […]
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Nigeria free trade zones attracted over 46.6 billion dollar investments into the nation’s economy. The Managing Director, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba and his counterpart from the Oil and Gas Free Zones Authority (OGFZA), Sen. Tijjani Kaura said this at the 30th anniversary of free trade zones scheme in Nigeria on […]
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