FG, States, LGs Share N609.96b in December 2017

By Aduragbemi Omiyale President Bola Tinubu has said the 2024 budget presented to the joint session of the National Assembly on Wednesday was designed to achieve macroeconomic stability, a better investment environment, greater access to social security, poverty reduction and enhanced human capital development. According to him, if these goals are achieved, the standard of living of Nigerians will improve and the citizens will enjoy the dividends of democracy. While presenting the 2024 Appropriation Bills to the parliament yesterday, the President said this was why he christened the budget proposal as the Budget of Renewed Hope. Mr Tinubu told the

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigeria Autonomous Foreign Exchange Market (NAFEM) and the unregulated Peer-to-Peer (P2P) and the parallel market segments of the foreign exchange (FX) market on Wednesday, November 29 as President Bola Tinubu reiterated his administration’s promise to meet its obligations. Speaking during the presentation of his administration’s N27.50 trillion 2024 budget proposal to the joint session of the 10th National Assembly on Wednesday, Mr Tinubu said, “Despite the challenges, we continue to meet our obligations.” In the official NAFEM segment of the market, the value of the local currency went

By Adedapo Adesanya A milk-producing company, FrieslandCampina Wamco Nigeria, helped the NASD Over-the-Counter (OTC) Securities Exchange return to the green territory by 0.54 per cent on Wednesday, November 29. The firm improved its value by N3.50 in the midweek session to settle at N73.50 per share compared with the previous day’s closing price of N70.00 per share. It suppressed the 10 Kobo decline posted by Central Securities Clearing System (CSCS) Plc, which ended lower at N17.00 per unit versus Tuesday’s value of N17.10 per unit. Consequently, the market capitalisation of the alternative stock exchange went up by N6.28 billion to

By Adedapo Adesanya The commencement of political campaigns in Nigeria may have started to mount pressure on the Naira at the currency market as it depreciated against the United States Dollar in the various segments of the ecosystem. On Wednesday, the Nigerian Naira lost N8 against the greenback in the Peer-to-Peer (P2P) segment of the foreign exchange (FX) market to sell at N748/$1 compared to the previous day’s N740/$1. Also, the domestic currency took a dive into the danger zone by N6 against the greenback in the black market to trade at N728/$1 compared with Tuesday’s value of N722/$1. Similarly,

Deciding to get a credit card or Kredittkort as it is called in Norwegian is a big financial decision. Hence, it isn’t something that you should do without having ample knowledge about these financial items. Therefore, in this article, we will share with you some important things you need to know to enable you to get the beste kredittkort (best credit card) that is just right for you. Let’s get started… 1. As a beginner you might not get the beste kredittkort You shouldn’t expect to get the beste kredittkort that offers rich benefits, long periods of 0% interest, or

By Godwin Onyeacholem In the light of almost two decades of horrendous governance under the PDP administration, the call for change by a large section of Nigerians was expectedly overwhelmingly loud. Thus, this piece is a response to Garba Shehu, Senior Special Assistant to the President on Media and Publicity, who indeed holds the copyright to the first leg of the title of this piece which I have slightly modified, as can be seen in his latest defence of President Muhammadu Buhari’s APC administration. After 15 tortuous months in the life of the current administration, a period largely mediated by

By Modupe Gbadeyanka The newly inducted 27 young engineers, who successfully completed the Graduate Engineering Programme of Egbin Power Plc, have been charged to remain focused and make the best use of the opportunity by continually exploring innovative ways to make an impact in the organisation. The Group Managing Director of Sahara Power Group, Mr Kola Adesina, while congratulating the inductees, assured that Sahara Group would continue to invest in its human capital development to create a pipeline for the kind of leadership needed for future growth and development of the industry. He noted that investment in new technology, expansion

By Aduragbemi Omiyale The Inspector General of Police (IGP), Mr Usman Alkali Baba, has directed the Deputy Inspector-General of Police in charge of the Force Criminal Investigations Department and the Assistant Inspector-General of Police in charge of the Force Intelligence Bureau to begin the arrest and prosecution of sellers of Naira, as well as the abusers. In a statement on Friday by the spokesman of the Nigeria Police Force (NPF), Mr Olumuyiwa Adejobi, the police chief said violators would not be spared. He said efforts would be made to enforce the Central Bank of Nigeria (CBN) Act as the country

By Dipo Olowookere On Wednesday, July 25, 2018, the Nigerian Stock Exchange (NSE) will hold its bi-annual Nigerian Capital Market Information Security Forum (NCMISF) themed, ‘Social Engineering, The Neglected Human Factor.’ The summit is scheduled to take place at the NSE Event Center, 2/4 Customs Street, Lagos with Mr Emomotimi J. Agama, Deputy Director/Head Exchanges of Securities and Exchange Commission (SEC) headlining it. The forum is expected to bring together information security professionals and capital market participants to discuss emerging cybersecurity trends and share effective strategies and best practices to tackle cyber threats. This free to attend conference, which is

By Dipo Olowookere Lagos State government has insisted that whistle blowing is the surest way to tackle the incessant building collapse in the State, adding that Lagosians must be willing to assist Government by raising alarm whenever they see any illegal development in any area of the state. Commissioner for Physical Planning and Urban Development, Mr Wasiu Anifowoshe, gave the charge at the site of the collapsed building at No 9, Daddy Alaja St. Idumota, Lagos Island, which was a defective three storey building under illegal renovation with occupants still residing in it. Mr Anifowoshe said: ” This is one

By Adedapo Adesanya  The Naira depreciated further at the Investors and Exporters segment of the foreign exchange market on Tuesday, October 15, 2019 as the federal government announced the complete closure of land borders with neighbouring countries. At a briefing on Monday, Nigeria’s head of customs said government has placed a total ban on the importation and exportation of goods through the land borders. This decision has generated mixed reactions in the country. However, despite the closure of its land borders, importation and exportation of goods can be still be carried out using alternative routes available such as the sea