Finance
CBN Sets Daily PoS Withdrawal Limit to N100,000, Imposes N500,000 Weekly Limit
The Central Bank of Nigeria (CBN) has introduced a daily cash withdrawal limit of N100,000 for point-of-sale (PoS) terminals per customer. The directive...
NBS Data Shows Inflation Climbs to 34.60% as Food Prices Rise in November
Nigeria’s headline inflation rate increased to 34.60% in November 2024 from 33.88% in October, marking the third consecutive monthly rise, according to the...
FEC Approves Tinubu’s 2025 Budget of N47.96 Trillion, to Be Presented Wednesday
Nigeria’s Federal Executive Council (FEC) has approved a N47.96 trillion budget for 2025. President Bola Tinubu is set to present it to the...
SERAP Sues Tinubu Over Failure to Probe Missing ₦57 Billion in Ministry of Humanitarian Affairs
The Socio-Economic Rights and Accountability Project (SERAP) has sued President Bola Tinubu over the alleged mismanagement of ₦57 billion in public funds. The...
Ghana’s Economy Grows By 7.2 Per Cent In Q3 2024, Up From 2.2 Per Cent In Q3 2023
Ghana’s economy grew by 7.2 per cent year-on-year in the third quarter (Q3) of 2024, up from 7.0 per cent recorded in the...
N110bn Fraud: Court Grants Former Kogi Gov. Yahaya Bello N500m Bail
The federal high court in Abuja has granted bail to Yahaya Bello, the former governor of Kogi state, in the sum of N500...
10 Nigerians States Spent ₦14.7bn in Nine Months on Allowances, Refreshments Amid Crumbling Infrastructure
Ten Nigerian states, struggling with poor infrastructure, spent ₦14.7 billion (about $9,187,500) on refreshments, honourariums, and sitting allowances over nine months. A report...
Burkina Faso Receives First 44 Gold Bars Weighing 93kg From Processing Mining Wastes
Burkina Faso’s government received its first gold bars after processing fine coal cargoes abandoned at the Essakane mine. Prime Minister Rimtalba Jean Emmanuel...
Kaduna Air Force Students Lament 12 Months of Unpaid Feeding Allowance
Students at the Nigerian Air Force Institute of Technology (AFIT) in Kaduna State have voiced frustration over the non-payment of their feeding allowance...
Bill to Stop Multiple Budgets, Late Submission Under Review in Nigerian House of Reps
The House of Representatives is reviewing two constitutional amendment bills to reform Nigeria’s budgetary process to ensure timeliness and limit supplementary budgets. The...
‘Austrian Investment’: The Truth About Enugu Governor’s $100M Water Project Deal
On Monday, December 2, 2024, Governor Peter Mbah of Enugu State announced a $100 million (₦168.7 billion) foreign direct investment in water infrastructure....
Senate Suspends Action on Tinubu’s Tax Reform Bill Following Public Backlash
The Senate has suspended action on the controversial tax reform bill following public backlash and widespread opposition. The suspension includes public hearings until...