The Senate has again resolved to launch fresh probe into alleged uneven disbursement of N483 billion loan to the Medium and Small-Scale Enterprises (MSMEs) in the six geo-political zones by the Development Bank of Nigeria (DBN) in 2021.This followed a motion by the Senate Chief Whip, Senator Mohammed Ali Ndume
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The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittances pay-out in both Naira and foreign exchange to beneficiaries.It has also directed that the Investors and Exporters’ (I&E) window foreign exchange rate should be used in determining the exchange rate for Naira pay-outs.In a
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President Bola Tinubu has asked the House of Representatives to amend the 2022 Supplementary Appropriations Act to provide N500 billion to fund palliative measures against the impact of fuel subsidy removal.The request was convened in a letter read by the Speaker of the House, Tajudeen Abbas, during the plenary on
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