Business

A’Ibom Assembly passes N700bn 2023 budget

Akwa Ibom House of Assembly passed the state’s N700 billion 2023 budget into law on Thursday in Uyo. The budget is made up of N344.005 billion recurrent expenditure and N355.995 billion capital expenditure. The House increased the Executive’s proposal by…

Inflation rate hits 21.47% in November – NBS

Headline inflation rate increased to 21.47 per cent on a year-on-year basis in November, the National Bureau of Statistics (NBS), has said. It made the declaration in its Consumer Price Index (CPI) and Inflation Report for November 2022 released in…

FEC approves Finance Bill 2022

The Federal Executive Council (FEC) has approved the Finance Bill 2022 designed to support the implementation of the 2023 budget. Hajia Zainab Ahmed, Minister of Finance, Budget and National Planning, briefed State House correspondents after the FEC meeting presided over…

FG unveils UPU’s operational readiness for e-commerce

By Ogaga Ariemu The Federal Government has unveiled the Universal Postal Union’s (UPU) operational readiness for e-commerce to boost the operations of the postal sector across Africa. The Minister of Communications & Digital Economy, Prof. Isa Pantami unveiled the Universal…

NGX congratulates CSCS on 25th anniversary

Nigerian Exchange Ltd. (NGX) has congratulated the Central Securities and Clearing System Plc (CSCS) on its 25th anniversary celebration, while calling for more collaboration. Its Chief Executive Officer, Mr Temi Popoola, made the the remarks during a closing gong ceremony…

Nigerian Breweries shareholders approve 2.1bn share bonus

Shareholders of Nigerian Breweries Plc, Nigeria’s foremost brewing company have approved the issuance of 2.1 billion bonus shares to its qualifying shareholders. The company made the disclosure in a report signed by Mrs Sade Morgan, Corporate Affairs Director, Nigerian Breweries…