Abuja-Kaduna Train Derails

An Abuja-Kaduna Train reportedly derailed at around 3:20 pm on Friday in the Kubwa Area of the Federal Capital Territory (FCT), just a few minutes away from its destination, Kubwa train station. An anonymous source at the Nigerian Railway Corporation (NRC) confirmed the incident and said the cause is still unknown, adding that train services along that route have been suspended until the issue is resolved.

New Naira Note: CBN, NASS Disagree On Implementation Date

The Central Bank of Nigeria (CBN) has on Tuesday stated that there is no going back on the January 31st deadline on the phase-out of old naira notes hours after the Senate pleaded for a 6 months extension. CBN Governor, Godwin Emefiele, who spoke at the apex bank’s Monetary Policy Committee meeting in Abuja, stated that Nigerians were given enough time to replace their old notes with new ones.

CSOs Threaten Mass Protest Over Persistent Fuel Scarcity

A coalition of Civil Society Organisations operating under the aegis of Civil Society Coalition for Economic Well-being and Good Governance, on Thursday issued a 78-hour ultimatum to President Muhammadu Buhari to end fuel scarcity or face mass protest. This was contained in a communique issued by the Coalition after a one-day meeting on Wednesday and made available to journalists on Thursday in Abuja. The communique signed by Mr. Garba Danzi, Chairman; Ayodele Hughes, Sec­retary-General and two other ex­ecutives lamented the challenges faced by Nigerians over protracted fuel scarcity across the 36 states of the country and the Federal Capital Territory.

President Buhari Commissions Lekki Deep Seaport, Others

President Muhammadu Buhari arrived Lagos State on Monday afternoon for a two-day official visit to commission the Lekki Deep Seaport, Lagos Rice Mill, Imota, and other projects. The President was received at the Presidential Wing of the Lagos Airport by Lagos State governor, Babajide Sanwo-Olu; other state governors, amongst other dignitaries.

UK Set To Reduce Tariffs On Nigerian Exports -British Envoy

The government of the United Kingdom (UK) has announced that it is set to reduce tariffs on duty-free trade in goods exported from Nigeria with effect from April 2023 which was made known in Lagos by the Deputy British High Commissioner to Nigeria, Mr. Ben Llewellyn-Jones during the launch of the Developing Countries Trading Scheme (DCTS) which is an enhanced trade scheme created by the UK government meant to reduce tariffs on selected goods.

CBN Raises Benchmark Interest Rate To 17.5%

In a bid to contain inflation in the country, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised its benchmark interest rate to 17.5 percent which was disclosed on Tuesday by the CBN Governor, Godwin Emefiele after the Committee’s first meeting of the year at the CBN Headquarters, Abuja.

NPC Set To Commence Nationwide Census On March 29

The National Population Commission (NPC) has announced it is set to commence the 2023 nationwide population census from March 29 to April 2, 2023, which was disclosed to State House correspondents on Friday by the NPC Chairman, Nasir Kwarra shortly after his meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, he added that the Commission would utilize technology to conduct the exercise.

Revenue Collection: FIRS Generates Over N10 Trillion

The Federal Inland Revenue Services (FIRS), on Monday, disclosed a sum of over N10 trillion was collected in tax revenue in 2022, making it the highest tax collection in the history of the organization.

MOFI: President Buhari Appoints CEO, Board Members

President Muhammadu Buhari has approved the appointment of the Chief Executive Officer (CEO) and Board Members of the newly restructured Ministry of Finance Incorporated (MOFI), which was set up to drive the government’s investment initiatives.  This development was made known on Thursday in a statement issued by Yunusa Abdullahi, the Special Adviser, Media and Communications to the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed.