Tag: News

House Approves N2.177tn Supplementary Budget Extension

House Approves N2.177tn Supplementary Budget Extension

The House of Representatives yesterday, approved the extension of the N2.177 trillion Supplementary Act, 2023, from December 31, 2023, to June 30, 2024, following President Bola Tinubu’s request. The budget revealed that the sum of N967,486,010,536 was for Statutory Transfers; N6,557,597,611,797 was for Debt Service; N8,329,370,195,637 was for Recurrent (Non-Debt) ...

CBN: We Have Settled All Valid Forex Backlogs

CBN: We Have Settled All Valid Forex Backlogs

The Central Bank of Nigeria (CBN), yesterday, announced that all valid Foreign Exchange (FX) backlogs owed various sectors of the economy had been settled. The FX settlement fulfilled a key pledge of the CBN governor, Mr. Olayemi Cardoso, to process an inherited backlog of $7 billion in outstanding liabilities. That ...

Anyanacho turns bronze to gold in Ghana

Anyanacho turns bronze to gold in Ghana

Nigerian taekwondo sensation, Elizabeth Anyanacho, on Tuesday won a gold medal at the ongoing African Games in Ghana. It’s Nigeria’s first taekwondo gold at the competition and it came after Anyanacho defeated Africa’s No.1 ranked taekwondo athlete Mohammed Aya of Egypt in three rounds to claim the gold medal in ...

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