ShareBy Aluta News Jan. 20, 2023 There is no respite for Lagos residents over the lingering fuel scarcity as Major Oil Marketers Association of Nigeria (MOMAN) has increased the price of petrol to N185 per litre without official notification. The News Agency of (NAN) reports that fuel scarcity persisted onContinue Reading
ShareBy Aluta News Jan. 19, 2023 The Central Bank of Nigeria (CBN) has vowed to sanction commercial banks still dispensing old Naira notes ahead of the Jan. 31 deadline for the cessation of the currencies as legal tender. Mr Godwin Emefiele, Governor of CBN stated this on Thursday during aContinue Reading
ShareBy Aluta News Jan. 19, 2023 The Central Bank of Nigeria (CBN) has charged Nigerians to ensure they deposit the old N200, N500 and N1000 notes in their various banks before the Jan. 31 deadline. Mrs Olufolake Ogundero, the CBN Branch Controller in Oyo State, gave the charge on ThursdayContinue Reading
ShareBy Aluta News Jan. 17, 2023 President Muhammadu Buhari said that his administration had deployed Free Trade Zones (FTZs) launchpad for economic development and growth in the country. The President said this at the inauguration of Kano FTZ new administrative building and Nigeria Special Economic Zones Institute, on Tuesday inContinue Reading
ShareBy Aluta News Jan. 13, 2023 The Nigerian bourse on Friday extended its positive performance with market capitalisation gaining N253 billion or 0.89 per cent to close at N28.602 trillion compared with N28.349 trillion on Thursday. Also, the All-Share Index (ASI) rose by 463.63 points, representing an increase of 0.89Continue Reading
ShareBy Aluta News Jan. 2, 2023 The Debt Management Office (DMO) on Monday announced as its first bonds issuance for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for subscription. According to a statement by the DMO, one is a two-year FGN Savings Bond due in Jan. 11, 2025,Continue Reading
ShareThis followed Wednesday’s adoption of the report of the Senate Committee on Appropriation at plenary. Presenting the report, the Chairman of the Committee, Sen. Jibrin Barau said that the committee did a thorough job by examining inputs from its sub-committees before reaching the final figure. “We hereby recommend that theContinue Reading
ShareBy Aluta News Dec. 17, 2022 President Muhammadu Buhari says Nigeria remains the best destination for American investors to put their money. He said aside the population advantage in size and demography, various incentives and policies emplaced by the Nigerian Government make it a destination of choice for investment. MalamContinue Reading
ShareBy Aluta News Dec. 9, 2022 The Minister of Mines and Steel Development, Mr Olamillekan Adegbite, says the country’s mining sector has received over 1 billion dollars in Foreign Direct Investments (FDI) in recent times. Adegbite said this in his recent presentation of the ministry’s achievements during the 9th editionContinue Reading
ShareBy Aluta News Dec. 9, 2022 The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the newly redesigned Naira notes are already in banks and ready for issuance. According to a statement in CBN’s official twitter handle, Emefiele said so in Daura while on a visitContinue Reading
