February 28, 2024
Vinikilang Hayin Gada along, Mudi-Yola Road, jimeta, Adamawa State, Nigeria
Economy

FG AND PARTNER COMMITS 50 MILLION DOLLARS TO NEW PROJECTS.

The Federal Government and Vitol, a multinational energy and commodities company have committed an initial sum of 50 million dollars for projects such as climate-smart agriculture, green industrial technologies, and waste management among others. The project, coming through Nigeria Sovereign Investment Authority, NSIA, will cut across several sectors, including agriculture, energy, and manufacturing. According to […]

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Economy

PMB: FG to Deepen Gas Utilisation in Nigeria.

By Dauda Iliya President Muhammadu Buhari has reiterated the federal government resolve to implement programmes that will deepen domestic gas utilisation and extend national power generation capacity. The President made this known at inauguration of the first phase fifty megawatts Emergency Power Plant MEPP project in Maiduguri. Maiduguri and other parts of Borno state were […]

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Economy Politics

Nigerians lament bank app crashes as transaction failure persists

Following the directive of the Central Bank of Nigeria for the swapping of old naira notes to new notes, Nigerians have begun to lament the challenges involved in the process despite the extension to February 10, 2023. Checks by The Fombina news showed that the people are not only experiencing challenges in swapping the old […]

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All Business Economy

Circulating redesigned naira: Banks still dispensing old notes

FOLLOWING, yesterday, release into circulation of the newly designed denomination of N200, N500, and N1,000 by the Central Bank of Nigeria, CBN, some commercial banks are still paying bank customers with the old naira notes. This reporter, who visited over eight branches of commercial banks in the Ikotun, Igando, Egbeda, and Ikeja axis in Lagos, […]

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Business Economy

MAN, expert flay FG’s reason for excess tax on soft drinks

The Manufacturers Association of Nigeria, MAN and experts have described moves by the Federal Government, FG, to use health reasons as justification to increase excise tax on non-alcoholic drinks as misleading, adding that the reasoning defies all economic logic and Nigeria’s realities. This is coming barely  two weeks after the Sectoral Group of the MAN […]

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Business Economy Politics

2023: FG, states budget N19.16trn on salaries, pensions, others

The Federal and 35 of the 36 state governments, including the Federal Capital Territory, Abuja, are to spend the sum of N19.16 trillion on payment of salaries, pensions, emoluments and others in 2023. They have also budgeted a miserly N11.435 trillion for capital projects. The recurrent expenditure could be more because most of the budget […]

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