Tag Archives: buhari

President Buhari launches e-Naira in Abuja

President Muhammadu Buhari has unveiled the e-Naira. The President launched the country’s digital currency at the Presidential Villa, Abuja. It was gathered that official dignitaries at the event were the Vice President, Yemi Osibanjo; Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele; Attorney General of the Federation, Abubakar Malami; among others. It should be noted that the digital ...

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Buhari to present 2022 appropriation budget on Thursday

buhari

News reaching us now says that President Muhammadu Buhari will on Thursday this week lay the 2022 appropriation budget before the National Assembly. The intimation was made by theDeputy Senate President, Ovie Omo-Agege  during the plenary on Tuesday. Omo-Agege presided over the plenary in the absence of the President of the Senate, Dr. Ahmad Ibrahim Lawan It was learnt that ...

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Buhari says Nigeria losses $26.3 billion annually to maritime

President Muhamamadu Buhari has decried the huge loss of revenue to maritime criminality. According to Buhari, the loss at a whopping $26.3 billion annually had become harmful to the economy and safety of citizens. He added that  the country’s hydrocarbon resources  remain the mainstay of the nation’s economy, noting that it accounts for 55 per cent of the Gross Domestic ...

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Buhari asks Senate to approve N895billion as Supplementary Budget

President Muhammadu Buhari on Tuesday urged the Senate to consider and approve N895billion as Supplementary Budget. Senate President Ahmad Lawan read Buhari’s letter of request on the floor at plenary. The Federal Executive Council (FEC) had earlier approved the amount. A substantial part of the fund has been earmarked for procurement of military hardware to prosecute the war against insurgency ...

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How EndSARS protests affect investments into Nigeria- Buhari

President Muhammadu Buhari has linked the dwindling foreign direct investment to the  last year’s EndSARS. Buhari stated that the protesters have made Nigeria unattractive to investors. He also said that the major aim of the protesters was to remove him as the President. He made this allegation while appearing on Arise TV on Thursday morning. Buhari was responding to question ...

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Buhari has the best economy team in Africa- Presidency

Speaking on the ability of Buhari government in managing the economy, the presidential aide said, “If you ask me this question, I will tell you that whoever questions the capacity of the government to manage the economy probably also need to have themselves re-examined because look at all of the things that have happened with COVID over the last year ...

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Buhari holds meeting with CEO of Total Plc, others in France

President Muhammadu Buhari on Wednesday had a meeting with  the management of Total Plc in Paris, France. In the meeting, the President discussed the need for improved fiscal stability with the Chairman/Chief Executive Officer of the company, Patrick Pouyanne. This was disclosed by the Nigerian National Petroleum Corporation (NNPC) via its Twitter handle on Wednesday. It tweeted, “HE President @MBuhari ...

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Buhari seeks approval for N2.3trn loan from Senate

The upper legislative house, Senate has  received a request from President Muhammadu Buhari to raise the sum of N2,343,387,942,848 loans Acccording to the report the loan will be sourced from multilateral and bilateral lenders, as well as the International Capital Market (ICM) through the issuance of Eurobonds. The amount which is equivalent to USD$6,183,081,643.40 at the Budget Exchange Rate of ...

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Ban on Crypto: Buhari taking investment opportunities away from Nigerians, says ex-dep gov CBN

A former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu has also lent his voice to the cryptocurrency ban by the apex bank. The former presidential aspirant berated President Muhammadu Buhari’s government over the ban. The CBN had made a shocking order to banks and financial institution in Nigeria, asking them to close the accounts of cryptocurrency ...

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Buhari aborts plan to privatize Commodity Exchange

President Muhammadu Buhari has disclosed that the plan to sell or privatize the Nigeria Commodity Exchange (NCX) has been aborted As a result of this new development, the apex bank, the Central Bank of Nigeria (CBN) will invest at least N50 billion to reposition and revamp the Nigeria Commodity Exchange (NCX). If everything goes the way it is supposed to ...

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