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The Federal Government has raised a total sum of N11tn through auctions and sales of Treasury bills and saving bonds issuance in four months, according to findings by The PUNCH An analysis of bonds and bills results issued this year by the Central Bank and the Debt Management Office showed that the government had raised N3.1trn in FGN bonds and 7.92trn in T-bills between January and April 2024, totalling N11.2trn. These […]
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the huge purchase of foodstuffs by the government as palliatives is contributing to the galloping food inflation in the country. He stated this in his contributions during the March Monetary Policy Committee, which was published on the website of the CBN. The MPC increased the benchmark interest rate to 24.75 per cent, from 22.75 per cent. The […]
The Lagos State Ministry of Environment and Water Resources, in its effort to tackle flooding in the state, has commenced an enforcement initiative aimed at reclaiming a vital drainage channel known as the System 1 Drainage Channel midstream in Ojota and Ogudu. The Ministry’s commissioner, Tokunbo Wahab, who tweets as tokunbo_wahab on X.com disclosed this in a post on Monday. He stated that an inspection on Sunday revealed that property […]
GOVERNMENTS and security agencies in the South-West states have beefed up security around government structures and institutions, with machinery put in place to forestall the breakdown of law and order by any group forcing an agenda on the states. Also, security agencies have warned that they would curtail any form of insecurity, adding that anyone parading himself as a Yoruba Nation agitator should either toe the path of peace or […]
The Kano State Government has filed criminal charges against the immediate past governor, Abdullahi Ganduje, over alleged $413,000, N1.38bn bribery. The state said it had assembled 15 witnesses to testify against Ganduje. Joined as co-defendants in the charge sheet dated April 3, 2024, sighted by our correspondent on Thursday, were Ganduje’s wife Hafsat, and his son, Umar. Also listed as defendants were Jibrilla Muhammad, Lamash Properties Ltd, Safari Textiles Ltd […]
Members of the organised private sector have stated that harsh economic policies from the government have exacerbated country’s unemployment rate. In separate chat with The PUNCH, they warned that if the poor economic policies are not quickly addressed, more businesses would fold up and it would worsen the country’s unemployment. The President of the Nigeria Employers’ Consultative Association, Adewale-Smatt Oyerinde, warned that the repercussions of inadequate economic policies and a hostile […]
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