Polaris Bank concluded its nationwide financial literacy initiative with an impactful session at the MD/CEO’s designated school, Government Day Secondary School, Pantami, Gombe State, marking the culmination of its activities to commemorate World Savings Day 2024. Through the programme, aimed at promoting a culture of saving and financial responsibility among young Nigerians, the bank’s team reached out to schools across …

The 2025 Appropriation Bill targets N34.8 trillion revenue, it was learnt yesterday. The Bill also projects a comprehensive debt restructuring strategy aimed at freeing up funds for critical infrastructure development. This approach is one of the key components of the 2025-2027 Medium-Term Fiscal Framework and Fiscal Strategy Paper (MTEF/FSP), which the Federal Executive Council (FEC) approved on Thursday. The MTEF/FSP …

Depositors of the recently liquidated Heritage Bank have appealed to President Bola Tinubu over the non-payment of their deposits since the Central Bank of Nigeria (CBN) revoked the bank’s license on  3 June 2024. The depositors, many of whom are facing severe economic hardship, lament that more than 200 of their members have died from hunger and heart attacks, while …

The Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Mr. Taiwo Oyedele has said that four tax reform bills, which President Bola Tinubu submitted to the National Assembly would empower Nigerian youths to play a key role in the digital economy space. On his X handle , Oyedele said that the changes to the income tax laws were …

Vice-President Kashim Shettima has projected that Nigeria’s economy will grow in “leaps and bounds” by 2025. At a retreat organised for presidential aides and heads of units in his Abuja office on Saturday, Shettima referenced the crude oil production of 1.8 million barrels per day recorded recently as part of the country’s economic improvements so far. According to the Vice President, …

Nigeria’s external debt may rise to $45.1 billion by the end of 2024 as the Federal Government advances plans to secure additional external funding. The Debt Management Office (DMO) revealed in its latest report that the country’s external debt stock increased by $780 million in the second quarter of 2024, growing from $42.12 billion in March to $42.9 billion as …

The General Manager (Commercial and Planning) at ANOH Gas Processing Company (AGPC), Mrs. Kike Asuelime has emphasised Nigeria’s promising gas future and the urgent need to transition to cleaner energy. In her opening remarks as one of the lead speakers at the recently concluded 14th Nigerian Liquefied Petroleum Gas Association, (NLPGA) Conference and Exhibition held at the Oriental Hotel in …

The Federal Airports Authority of Nigeria (FAAN) has said it will, on Saturday, shut down power supply to the International Terminal 2 of the Murtala Muhammed International Airport, Lagos, between 1:00 am and 4.30 am. This was stated in a statement by the Director of Public Affairs and Consumer Protection, Obiageli Orah, and made available to Saturday PUNCH on Friday. …

Nigeria’s deepwater oil projects now deliver competitive returns and the country has moved from the bottom quartile of 13 indexed countries to the top three, the Presidency has disclosed. The Special Adviser to President Bola Tinubu on energy, Olu Verheijen, disclosed this in a keynote address at an executive session of the Energy Institute and the National Association of Petroleum …

The Nigerian National Petroleum Company Limited (NNPCL), and its partners have revved up crude oil and gas production to 1.8 million barrels per day (mbpd) and 7.4 standard cubic feet per day (scfd). The company which announced this at a briefing yesterday, said the feat was achieved in compliance with the mandate of President Bola Ahmed Tinubu. Speaking on the …