•Adejumo Isaac A Finance and Investment Analyst, Adejumo Isaac, has made some suggestions on the short run win for the naira exchange rate This is as he called on the Tinubu-led federal government through the Central Bank of Nigeria (CBN) to declare cashless policy on forex, reports Daily Trust. This, according to the finance expert, […...
•Aduku The Chairman, Arewa Consultative Forum, (ACF), Arch Gabriel Aduku, has said that States governors should have nothing to do with the 13 percent derivation revenue accruing from oil producing states in the country. Aduku was an elected member of the General Sani Abacha’s Constitutional Conference between 1994 to 1995 where he was the cha...
•Bismarck Rewane Renowned economist, Bismarck Rewane, says Nigerians are not interested in budgetary figures if the prices of basic commodities like rice, bread, and garri don’t go down. Rewane, the Managing Director of Financial Derivatives Company Limited, made this known today during a live appearance on Channels Television today. He said, ...
The Senate President, Godswil Akpabio and the Speaker of the House of the House of Representatives, Tajudeen Abbas, yesterday, expressed concerns over the country’s high debt burden. The duo, who spoke at the at the presentation of the 2024 Appropriation Bill, by President Bola Tinubu, to a joint session of the National Assembly, said efforts ...
The Nigeria Deposit Insurance Corporation (NDIC) has paid N1.39 billion to 36,163 depositors of 110 closed microfinance banks and three primary mortgage banks. According to the CEO of NDIC, Bello Hassan, this followed the recent revocation of some MFBs and PMBs licences by the Central Bank of Nigeria (CBN), revealing that the payments of the [...
•Border post Commercial activities in border communities of Katsina, Sokoto, Borno and Zamfara states have collapsed following the decision of the Federal Government to close all the country’s borders with the Niger Republic in the wake of the military takeover of power in the Francophone country on August 3. Checks on the border communities i...
•Containers at Apapa port Five months after the Central Bank of Nigeria (CBN) floated the Naira, the Federal Government yesterday adjusted the Nigerian Customs Service (NCS) Exchange Rate calculations of import duties from N770.88/$ to N783.174/$. The changes were officially reflected on the NCS portal, just as stakeholders in the import and e...
•Tinubu President Bola Tinubu recently stopped the implementation of a hike in electricity tariff and insisted that subsidy be paid on power consumed nationwide, the Minister of Power, Adebayo Adelabu, revealed yesterday. Adelabu also stated that the federal government would investigate the legality of the five-year licence extension given to ...
Nigeria’s alignment with the current economic reality, coupled with rising inflation, slow growth, floating of exchange rate and volatility in global oil prices, may have exposed the fragility of her economic model and affected its global trade standing. While trade presents one vital but often untapped pathway to poverty reduction, through it...
Nigerians have continued to experience scarcity of Liquefied Natural Gas or cooking gas, shooting up prices across the country. The scarcity and the high cost of the product have been reported in Lagos, Kano, Maiduguri, among others, reports Daily Trust. Gas dealers have, however, assured that the scarcity is temporary as it was triggered by [...

