News

CBN Monetary Policy Committee raises interest rate to 13%

Emefiele The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised interest rate to 13 percent amid rising inflation. Godwin Emefiele, Central Bank governor who announced the decision after MPC meeting on Tuesday, said the raise was necessitated by inflation. The rate had previously been put …

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School feeding: FG to spend N999m daily on 10m pupils

School feeding Nigeria’s federal government, on Tuesday, said it would spend N999 million daily to feed approximately 10 million pupils in the National Home Grown School Feeding Programme across the country. The Team Lead of NHGSFP, Aishatu Digil, disclosed this at a stakeholders’ meeting on disbursement modalities for the review …

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We’ve frozen accounts of 50 firms operating loan apps – FG

Logos of online banks Babatunde Irukera, the Executive Vice-Chairman/Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC), says the agency has frozen accounts of over 50 firms operating loan apps in the country. Irukera who made the disclosure in an interview with Punch, noted that the action …

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How FG agency sold over N2bn assets for N13m

– N8m Toyota Camry sold for N22,500 Osun-Ogun River Basin Development Authority The office of the Auditor-General for the Federation has revealed the selling off of a government Plant, Property and Equipment (PPE) valued at over N2 billion for N13.618 million only by an agency of the federal government. This …

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