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Recurrent expenditure takes lion share as Igbo-Eze North budgets ₦5,632,723,592 for 2025

Recurrent expenditure takes lion share as Igbo-Eze North budgets ₦5,632,723,592 for 2025

By Alumona Ukwueze The Chairman of Igbo-Eze North Local Government Area of Enugu State, Uche Ogalla, on Tuesday presented a budget estimate of ₦5,632,723,592 to the legislative council for the 2025 fiscal year. Christened budget of Grassroot Transformation, it allocated a lion share of 53% to recurrent expenditure to ensure timely payment of workers salaries […]

Liquidity crunch triggers 261% rise in banks’ borrowings from CBN

Liquidity crunch triggers 261% rise in banks’ borrowings from CBN

 …as cost of funds rise 26.65% By Elizabeth Adegbesan   In apparent reflection of liquidity constraints in the interbank money market, banks’ borrowing from the Central Bank of Nigeria, CBN, rose   by 261.3 percent   year-on-year (YoY) to N106.3 trillion in 2024 from N29.42 trillion in 2023.   The CBN has two short term lending windows for banks namely […]

Expert harps on cross-border business development to enhance supply chain

Expert harps on cross-border business development to enhance supply chain

By Etop Ekanem Global entrepreneur and supply chain strategist, Karika Ogheneyonreme, has harped on cross-border business development as a crucial strategy for building stronger and more resilient global supply chains. She made this known in a statement recently, stressing the need for stronger international collaboration, innovative procurement models, and technology-driven solutions to tackle supply chain […]

Obeledu community celebrates life, culture and unity

Obeledu community celebrates life, culture and unity

The Obeledu community in Anaocha Local Government Area of Anambra State has celebrated its 2024 Mass Return, a colorful event that showcased the community’s rich culture, longevity, and unity.

10th MINILS Labour summit, more than a gathering of stakeholders

10th MINILS Labour summit, more than a gathering of stakeholders

By Issa Aremu As the Director-General of the Michael  Imoudu National Institute for Labour Studies, MINILS, yours comradely bear witness that almost one thousand participants registered and participated at the 10th Labour Summit held on Tuesday, 26th in Ilorin. The  Minister of Labour and Employment, Nkeiruka Onyejeocha,  was  the Chief Host of the significant event, […]

Yuletide: NGO distributes food palliatives to over 500 Osun residents

Yuletide: NGO distributes food palliatives to over 500 Osun residents

Shina Abubakar, Osogbo In a bid to ensure that every household enjoys the yuletide season, a Non-Governmental Organization (NGO), the Aribisala Care Foundation, distributed food palliatives to residents of Ijebu-Jesa in Oriade Local Government Area of Osun State. The palliatives distribution which took place at the Elegboro of Ijebu-Jesa palace hall, saw residents benefitting from […]

NAFDAC’s destruction of substandard products

NAFDAC’s destruction of substandard products

The recent destruction of N120 billion worth of substandard and falsified medicines, food products, and other regulated products by the National Agency for Food and Drug Administration and Control, NAFDAC, marks a significant victory in the agency’s ongoing battle to protect public health in Nigeria.  The Director General of NAFDAC, Prof Mojisola Adeyeye emphasised the […]