Tag: News

Senate passes NYSC trust fund bill into law

Senate passes NYSC trust fund bill into law

A bill seeking to establish the National Youth Service Corps (NYSC) Trust Fund, has been passed into law on the floor of the Senate. Sponsored by a senator, representing Ekiti South and Chairman, Senate Committee on Media and Public Affairs, Yemi Adaramodu, the bill, among others, seeks to provide a ...

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 ...

Page 6 of 63 1 5 6 7 63