•Atiku and Tinubu Former vice president, Atiku Abubakar, yesterday, alleged that with the hike in electricity tariffs, President Bola Tinubu’s men are pushing the nation’s economy into a deeper crisis. In a series of posts on his X handle, @atiku, yesterday, he said that the manufacturing sector will be negatively affected. He alleged that the...
•Worshippers take part in the reenactment of the passion of Christ Christians across Nigeria have joined their counterparts globally to mark Good Friday – a prelude to the Easter celebration – amid the high cost of living and security challenges in the country. Good Friday is a remembrance of the crucifixion and death of Jesus […]
In an indication that the manufacturing industry in the country is going through severe foreign exchange pressure, Dangote Sugar Refinery recorded its first loss in 13 years. A growing number of manufacturers including Guinness Nigeria Plc, International Breweries Plc, PZ Cussons Nigeria Plc, Nigeria Breweries Plc and Cadbury Nigeria Plc have ...
Presidential spokesman, Bayo Onanuga, says if not stopped, cryptocurrency trading website Binance will destroy the Nigerian economy by arbitrarily fixing foreign exchange rate. “If we don’t clamp down on Binance, Binance will destroy the economy of this country. They just fix the rate,” a displeased Onanuga said on Channels Television last nig...
The Labour Party has said It was no longer news that the President Bola Tinubu-led administration has built on the ruinous economic legacy left behind by President Muhammadu Buhari. National Publicity Secretary of the party, Obiora Ifoh, said this in a telephone interview with our correspondent, in Abuja today. He was reacting to the pronounce...
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso and Chairman, Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji will today brief members of the House of Representatives on the state of the economy and monetary policies. Confirming an earlier repo...
•Tinubu and Atiku Former Vice President Atiku Abubakar has blasted the handling of the nation’s economic challenges by President Bola Tinubu, saying that his initiatives are not only uninformed but are arbitrary and chaotic. In a statement he issued yesterday, the presidential candidate of the Peoples Democratic Party (PDP) in the 2023 electio...
An estimated $2 trillion are lost by the global economy due to tobacco use, Labram Musah, Executive Director, Vision for Alternative Development (VALD), a Ghana based Non Governmental Organization (NGO), has disclosed. Musah gave the hint during his presentation entitled: ‘SDGs as a Vital Data Source for Tobacco Control’ at a recent virtual tr...
•Tinubu and palliatives A chieftain of the Peoples Democratic Party (PDP), Segun Sowunmi, has slammed the Tinubu-led federal government for “running the economy on palliatives” since the removal of petrol subsidy some eight months ago. •Sowunmi on television last night Sowunmi, who was a guest on Channels Television last night, called on the P...
The price of 1 kilogram (Kg) of rice increased year-on-year, YoY, by 81 percent to N917.93 in December 2023 from N506.17 in the corresponding period of 2022. The National Bureau of Statistics, NBS, disclosed this yesterday in its Selected Food Price Watch for December 2023. NBS also said the average price of 1kg of Beans […]