The Supreme Court on Wednesday ordered that the old N200, N500, N1000 notes should continue to co-exist with the new notes till further notice. The apex court ruled that both old and new notes should continue to remain legal tender until the Federal Government put a process in place for its replacement or redesign after…
Presidency on Tuesday expressed support for the banking sector consolidation initiative of the Central Bank of Nigeria, saying it would help the country to grow the economy to a new height. This came barely five days after the CBN said it would ask banks to raise new capital. According to the Presidency, it has become…
By Adebayo Yusuf A financial expert, Mr Muhammed Bello says the nation’s annual budgets have always recorded loopholes. Mr Bello said this on Pensioners FM Current Affairs programme, “Trending” while speaking on the 2024 Appropriation Bill to be presented by President Bola Tinubu to the National Assembly tomorrow. According to Mr Bello, previous budgets had…
The Agriculture and Rural Development Secretariat, Federal Capital Territory Administration (FCTA) says it will take decisive action against the proliferation of illegal abattoirs in the FCT. The Mandate Secretary, Mr Lawan Geidam, made this known when officials of the FCT Butchers Association visited him in Abuja. Mr Geidam explained that the move is aimed at…
Olayemi Cardoso, governor of the Central Bank of Nigeria, CBN, has slammed his predecessor, Godwin Emefiele for undertaking policies which put the country’s apex bank in a bad light in the past few years. Cardoso disclosed this in his speech on Friday at the Chartered Institute of Bankers of Nigeria’s (CIBN) 50th-anniversary event. According to…
The Minister of Solid Minerals Development, Dele Alake, has proposed the review of the mining law to compel investors to obtain the consent of communities before applying for mineral titles. Speaking during his maiden visits to agencies of the ministry, the minister told the management of the Mining Cadastral Office that this would end the…
By Yetunde Oke The Olurinde General Landlords and Landladies Association, Oluyole local government area of Oyo State, is set for the investiture of new executives and launching of a 10 million naira multi-purpose hall. Chairman of the inauguration committee, Alhaji Abdulakeem Ogundeji made this known in an interview with Pensioners’ FM Correspondent. According to Alhaji…
The Federal High Court in Abuja has given former Governor of the Central Bank of Nigeria, Godwin Emefiele, till January 25 to appear in court to explain the circumstances surrounding the $53m judgment debt arising from the Paris Club refund. Justice Inyang Ekwo, in a short ruling on Wednesday, gave Emefiele another opportunity to appear…
The acting chairman of the Federal Inland Revenue Service, Zacch Adedeji, has allayed fears being expressed by corporate organisations that the resolve of FIRS to increase the country’s tax-to-GDP ratio to 18 per cent from 10.86 will lead to an increase in taxes. Adedeji said such resolve would not necessarily lead to an increase in…
Several filling stations in parts of Abuja did not dispense Premium Motor Spirit, PMS, otherwise known as petrol, on Monday, throwing motorists and residents into panic over fears of a fresh outbreak of fuel scarcity in Nigeria’s capital city. Checks by newsmen showed that several filling stations in the Kubwa and Bwari areas of the…