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2 months ago | 
channelstv.com | Emmanuel Egobiambu |Sarah Achimugu
Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025. This is according to the National Bureau of Statistics (NBS). The Statistician-General of the Federation Adeyemi Adeniran announced this on Tuesday. He said the Consumer Price Index (CPI) – which measures the rate of change in prices of goods and commodities – has declined to 24.48 per cent year on year in January.
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2 months ago | 
channelstv.com | Donatus Anichukwueze |Sarah Achimugu
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has canvassed stronger economic ties with the Middle East and the Nigerian diaspora community in the region.
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Jan 23, 2025 | 
channelstv.com | Ignatius Igwe |Sarah Achimugu
Nine pregnant women have been rescued from a baby factory in Abuja, the nation’s capital. The victims were rescued by officials of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), the agency said on Thursday. In a statement, spokesperson of NAPTIP, Vincent Adekoye, said the baby factory is situated at one of the sprawling estates in the Ushafa area in the Federal Capital Territory.
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Jan 14, 2025 | 
channelstv.com | Ignatius Igwe |Sarah Achimugu
In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. Each bank was fined ₦150 million for non-compliance, in line with the CBN’s cash distribution guidelines, following spot checks on their branches.
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Sep 30, 2024 | 
channelstv.com | Sarah Achimugu |Opeoluwani Akintayo
The World Bank has approved three operations for a total of $1.57bn to support the Federal Government in strengthening human capital through better health for women, children and adolescents and building resilience to the effects of climate change, such as floods and droughts through improving dam safety and irrigation.
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Sep 13, 2024 | 
channelstv.com | Sarah Achimugu |Ignatius Igwe
The Presidential Committee on the Sale of crude oil and Refined Product has announced that loading of the first batch of petrol from the Dangote Refinery will commence on Sunday, September 15. A member of the committee and Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, disclosed this in Abuja on Friday.
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Sep 10, 2024 | 
channelstv.com | Sarah Achimugu |Opeoluwani Akintayo
The Economic and Financial Crimes Commission (EFCC) has said bank executives are complicit in aiding money laundering in the country, adding that it would commence prosecution soon. Speaking at the 17th annual conference of the Chartered Institute Bankers of Nigeria, the Chairman of the EFCC, Ola Olukoyede said the commission will soon start prosecution of bank executives involved in corruption.
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Sep 9, 2024 | 
channelstv.com | Sarah Achimugu |Opeoluwani Akintayo
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday, debunked reports doing the rounds that the rate for Value-Added Tax (VAT) has been upwardly adjusted to 10 per cent from 7.5 per cent. The Minister, in a statement signed by him, affirmed that the VAT rate as contained in relevant tax laws and chargeable on goods and services remains at 7.5 per cent.
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Sep 6, 2024 | 
channelstv.com | Sarah Achimugu |Opeoluwani Akintayo
The Federal Government has said only public servants with duly registered National Identification Numbers (NIN) will be allowed to purchase as it flags off the sale of 30,000 metric tonnes of milled rice. The Minister of Agriculture and Food Security, Abubakar Kyari while flagging off the exercise, said the move is to curb racketeering, and is part of efforts to crash the prices of food in Nigerian markets.
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Aug 28, 2024 | 
channelstv.com | Sarah Achimugu |Ignatius Igwe
President Bola Tinubu will soon present the whistleblowing policy to the National Assembly for legislative action. This is according to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
