•Kenneth Okonkwo Labour Party (LP) chieftain, Kenneth Okonkwo, has criticised the Central Bank of Nigeria (CBN) over the management of the foreign exchange market, saying that any forex management that does not translate to economic prosperity and stability can’t be termed successful. “I do not think the CBN understands what it is doing,” Okon...
The National Executive Committee of the Peoples Democratic Party today asked President Bola Tinubu to immediately rejig his economic team in order to salvage the country’s economy. “NEC demands that President Tinubu should immediately rejig his economic team to bring in persons of proven integrity and competence without bias and vested interes...
Government at all levels has been called upon to take measures to cushion the effects of the prevailing economic crisis on the citizenry. The National Council of Muslim Youth Organisations (NACOMYO), Southern zone, made this renewed appeal in a communique signed by the chairman, Imam Idris Yusuf and secretary, Alhaj Azeez Babalola, after the z...
•HRH Eze David Nnawuihe Onu Egwunwoke The Akwakuma/Uratta community in Owerri North council area of Imo has celebrated their cultural annual festival with the entire shops and markets temporarily closed. The event held at the Akwakuma market square recorded a large number of dignitaries from within and outside the state among numerous cultural...
The Special Adviser to the President on Energy, Mrs. Olu Veŕheijen, has said that the federal government reserves the right to pay fuel subsidy intermittently to cushion hardship in the country. Veŕheijen said this while briefing journalists in Abuja today. Earlier, the International Monetary Fund reported that the Nigerian government brought ...
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has said the decision to float the nation’s currency is the major cause of the hardship, mass suffering, and other economic woes confronting the country, describing it as the worst economic decision-taking by the government. President of PENGASSAN, Engineer Felix Osi...
•Obaseki Edo State governor, Mr Godwin Obaseki, has criticised the policies recently introduced by the Central Bank of Nigeria (CBN), saying they cannot support the economic growth of the country. The governor said the interest rates that are raised would hinder small business owners from getting loans to expand their businesses which are detr...
•Tinubu Nigeria’s current economic woes are not isolated incidents but rather the peak of years of systemic challenges and policy missteps. From the decline of industries in the 1990s to the era of military rule marked by corruption and mismanagement, the nation has weathered numerous storms on its path to progress. The decision to remove [&he...
•Emefiele A Delta State-based group, the Agbor Stakeholders Forum, ASF, has said that the prevailing economic woes in the country, arising from the economic policies of the federal government, have made a saint and hero out of former Central Bank Governor, Godwin Emefiele, instead of the ‘villain’ he is being painted to be by the […]...
•Deputy Speaker Benjamin Kalu Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, today has said that members of parliament are feeling the pulse of the nation and are willing to make adjustments in their salaries as a necessary sacrifice to help their constituents cope with the current economic realities in the country. He [&h...