CBN Plans To Freeze Bank Accounts Without BVN, NIN From March 2024

The Central Bank of Nigeria (CBN) has stated that bank accounts without Bank Verification Number (BVN) or National Identification Number (NIN) will be restricted from March 1, 2024.

NUPRC: President Tinubu Appoints 3 Executive Commissioners

President Bola Ahmed Tinubu has approved the appointment of 3 new executive commissioners for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), while one current executive commissioner has been redeployed. This was made known on Tuesday in a statement issued by Ajuri Ngelale, the Special Adviser to the President on Media and Publicity.

Naira Now N1, 165/$ At Parallel Market

The Nigerian currency has continue to appreciate to N1,165 per dollar ($) in the parallel market from N1,167/$ on Wednesday.

Reps To AGF: Submit N100b COVID-19 Intervention Fund Report In 72-hour

The House of Representative has given 72 hour ultimatum to the Accountant-General of the Federation (AGF), Oluwatoyin Madein, to submit detailed report on the use of the N100 billion COVID-19 Intervention Funds released by former President Muhammadu Buhari’s administration to Ministries, Departments and Agencies (MDAs) between 2020 and 2022.

FG Unveil Short-term Power Sector Focus

The Federal Government has promise to enhance electricity supply nationwide through it short-term focus in the power sector aimed to prioritize metering, distribution, and transmission infrastructure.

A’Ibom Govt Shut Keystone, Heritage banks Over Tax

The Akwa Ibom State Internal Revenue Service (AKIRS) on Thursday shut Keystone Bank and Heritage Bank along Abak and Ikot Ekpene Roads respectively, tax liabilities amounting to over N228 million.

National Shipping Line To Be Revitalized- FG

The Federal Government through the Ministry of Marine and Blue Economy is planning tore-establish the National Shipping Line through a strategic Public Private Partnership arrangement.

Ajaokuta Steel Plant To Be Disconnected From Power Grid Over N25bn Debt

The Nigerian Electricity Regulatory Commission (NERC) has stated that Ajaokuta Steel Company Limited may be disconnected from the national electricity grid if Federal Government failure to settle its electricity bills of N25bn. This was contained in the 2022 NERC’s annual report.

Lagos Gov’t Approves N73.1 Million For Tinubu’s Portrait, N3.75bn For Perfume, Rechargeable Fans

The Lagos State Government has approved N73.1 million for the production of the official portraits of President Bola Tinubu and the State Governor, Babajide Sanwo-Olu. The project which was executed by the office of the Chief of Staff was awarded to Flolizvi Connect.

States Owe Banks N46.17bn To Pay Salaries

State Governments has borrowed over N46.17 billion from banks to pay salaries of their state workers due to the current economic crisis. Data from the first half of the 2023 financial statement of three commercial banks, namely Access Bank, Fidelity Bank, and Zenith Bank disclosed this.