Nigeria’s Economy Has Grown To $372.8 Trillion Despite Headwinds – Shettima

The Federal Government says Nigeria’s economy expanded to $372.8 trillion in 2024, up from $309.5 trillion in 2023, reflecting stronger fiscal performance and policy impact. Total revenue collection also climbed from N19.9 trillion in 2023 to N25.2 trillion in 2024. Declaring open the 31st Nigerian Economic Summit (NES#31) in Abuja yesterday, Vice President Kashim Shettima…

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FLASH: CBN Releases New Daily Transactions Limit For POS Agents 

The Central Bank of Nigeria has introduced new operational guidelines for agent banking across the country, capping daily cumulative transactions per agent at N1.2 million. The revised framework, released on Monday, also mandates all financial institutions to submit monthly reports on the activities of their Point-of-Sale agents to enhance oversight and service quality. The Circular…

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PENGASSAN Dissolves Branch Exco For Failing To Cut Off Gas Supply To Dangote Refinery 

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has dissolved the branch executive councils of the Nigeria Gas Infrastructure Company Ltd (NGIC) and the NNPC Gas Marketing Limited (NGML). The dissolution followed the “inability” of the executives to completely shut down gas supply to Dangote refinery during the association’s strike. The development,…

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PENGASSAN Shouldn’t Have Held Nigeria To Ransom Over Minor Labour Dispute – Shettima

Vice-President Kashim Shettima says it was unnecessary for the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to hold the nation to ransom over “a minor labour dispute”. Shettima spoke on Monday at the 31st Nigerian Economic Summit (NES) of the Nigerian Economic Summit Group (NESG) held in Abuja. On September 28, PENGASSAN…

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