•Ajuri Ngelale (left) The Special Presidential Envoy on Climate Action, Ajuri Ngelale has held a series of crucial meetings to enhance Nigeria’s economic and environmental strategies. Mr Ajuri Ngelale commenced with discussions featuring Mr. Chido Munyati, Head of Africa at the World Economic Forum, and Ms. Abir Ibrahim, Africa’s Regional Agen...
•Tinubu As Nigeria battles an economic crisis sparked by the government’s twin policies of petrol subsidy removal and unification of FX windows, United Kingdom-based Diageo joined about 15 other multinational companies that have exited the country in the past three years. Diageo is the latest to announce its departure on Tuesday, June 11 when ...
•Dangote (left) and Tinubu President Bola Tinubu today inaugurated the Presidential Economic Coordination Council (PECC) tasked with strategising a way out of the current economic situation in the country. The Council has a mix of government officials, top private sector players, and consultants including President of the Dangote Industries Li...
Nigerians affected by the rising cost of living obtained credit facilities worth N3.82tn from banks as of January 2024, the Central Bank of Nigeria has stated. An analysis of the latest monthly economic report posted on its website revealed that the total consumer credit rose by 11.9 per cent to N3.82tn in January 2024, driven, […]
•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...
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