The Federal Government has yesterday revealed that the slight inflation experienced in October could be linked to border closure which is temporary. The Minister of Finance, Budget and Planning, Hajiya Zainab Ahmed disclosed this yesterday during a Federal Executive Council (FEC) meeting led by President Buhari, saying the border was a temporary measure.

SEC Set To Engage PENCOM, AMCON To Key Into Security Lending

In an effort to boost the countries liquidity buoyancy, the Security Exchange Commission (SEC) has rolled out modalities to engage the National Pension Commission (PENCOM) and the Asset Management Corporation of Nigeria (AMCON) on security lending.

Bitcoin Back At $7200

Bitcoin price started an upside correction from the USD 6,550 support level. BTC/USD managed to recover above the USD 7,000 resistance area.

Power Sector Reform: FG, NEC To Review Ownership Of DISCOs

The National Economic Council (NEC) has set to review the status of the ownership structure of the power distribution company (DISCOs) of Nigeria.

Former President Olusegun Obasanjo has said that the move by President Buhari on border closure was a welcome development, urging the Benin republic to mend it ways for a cordial relationship with Nigeria to continue.

7.5% VAT Increase: Bill Passed Third Reading

The bill proposing to increase the Value Added Tax (VAT) from 5% to 7.5% in Nigeria has passed its third reading on the red chamber of the National Assembly.

Border Closure: Benin, Niger Yet To Meet Our Condition – FG

The Federal government has reacted over seizures made by security agents at the country land borders, saying that our neighbouring countries like Niger and Benin republic are yet to address the issues that led to closure of the border from the first place.

Nullification Of The Recruitment Of 10,000 Constables Will Adversely Affect Economy - AGF

The rift between the Inspector General of Police, Mohammed Abubakar Adamu and the Police Service Commission over the controversial recruitment of 10,000 constables as well as the promotion of some senior officers of the Force may come to an end very soon as the Attorney General of the Federation and Minister of Justice, Abubakar Malami has waded into the matter.

Border Closure: Monthly Import Revenue Has Increased By 50 Percent – Lai Muhammed

Minister of Information and Culture, Lai Mohammed has revealed that border closure has significantly increased revenue generation as monthly import revenue has risen by 50 percent.

FG Moves To Employ 75,000 Agric Workers

The Federal Government on Wednesday announced that it would employ 75,000 agricultural extension workers to motivate farmers in the production of agro commodities.