Nigeria’s indebtedness to World Bank now N6tn
Nigeria’s borrowing from the World Bank has risen by 121.46 per cent under the regime of the President, Major General Muhammadu Buhari (retd.), findings by The PUNCH have shown. The PUNCH learnt that the total debt owed to the World Bank Group by Nigeria…
Terminal operators slam additional N50,000 charge on imported cars
The Ports and Terminal Multipurpose Limited has slammed an additional N50,000 per unit on a forklift. In a notice sighted by our correspondent on Saturday, signed by the management of PTML, dated April 17, the additional charge will take effect from May…
Ogun forestry ministry generates N80m, spends N125m in three months
Dapo dapodalapOgun State Ministry of Forestry says it spent N125.2 million on recurrent expenditures within the first three months of 2023 and generated N80.7 million as revenue within the same period. Commissioner for Forestry, Oludotun Taiwo, disclosed…
Apple Savings Account With 4.15% Interest Rate Launched
Apple on Monday launched its Apple Card savings account with a 4.15% annual percentage yield. It requires no minimum deposit or balance, Apple said, and users can set up an account from the Wallet app on their iPhones. Users must have an Apple Card in…
Diaspora health workers petition NASS over bill to stop doctors’ migration
Medical and Dental practitioners under the aegis of the Diaspora Medical Associations have petitioned the National Assembly over the bill seeking to compel medical and dental graduates to render five-year compulsory services within Nigeria before being…
3,000 Nigerians lost millionaire status in 10 years – Report
Nigeria, Africa’s largest economy, experienced negative millionaire growth of 30 per cent from 2012 to 2022, resulting in 2,949 individuals losing their millionaire status in one decade. This is according to the 2023 Africa Wealth Report compiled by…
Insurance, tool for sustainable national economic growth – Expert
The Kaduna Business Manager of Veritas Kapital Assurance Plc, Peter Yamai, has stressed the need to encourage Nigerian youths in the study of insurance as a tool for nation development. According to Yamai, the importance of insurance for the development…
E-naira wallet will address scarcity of cash – Emefele’s aide
Mrs Mary Fasheitan, the Special Assistant on Payment to the Governor of the Central Bank, says that usage of the digital naira called eNaira currency, will address the scarcity of cash in the country. Fasheitan stated this while sensitising traders and…
Oil subsidy fraud: Ex-PDP chair’s son, others re-arraigned
The Lagos State Zonal Command of the Economic and Financial Crimes Commission, on Friday, March 24, arraigned one Mamman Ali, son of a former chairman of the Peoples Democratic Party, Ahmadu Ali, and one Christian Taylor, before Justice Mojisola Dada of…
CBN instructs banks to open Saturdays, Sundays
Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation of banknotes of various denominations. The apex bank also confirmed the evacuation of banknotes…