Tag Archives: ABN

FG and States Budget $19.16 Trillion for Salary and Pension Payments

FG and 35 states, including the Federal Capital Territory, Abuja, have budgeted the sum of N19.16 trillion for the payment of salaries, pensions, and other expenses in 2023. They have also budgeted N11.435 trillion for capital projects. The recurrent expenditure could be higher because most of the budget proposals have …

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Senate Asks CBN to Adjust Cash Withdrawal Limit Policy

The Senate on Wednesday, asked the Central Bank of Nigeria, CBN, to “considerably adjust its recent proposed cash withdrawal limit of N100, 000 per week for  individuals and N500, 000 per week for Corporate bodies, in response to public outcry” against the move. The red chamber took the decision after …

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