•Tinubu President Bola Tinubu has written to the National Assembly seeking approval for a new external borrowing of $2.209 billion (N1.767 trillion), as provided for in the 2024 Appropriation Act, with experts warning against plunging the country into more debt. According to the president, the request is part of Nigeria’s budgetary financing p...
Against the backdrop of the presumed full deregulation of Premium Motor Spirit (PMS), also known as petrol, which was believed to have led to the hike in the price of the product, last week, the price may go up again very soon, experts have warned. The experts predicted their warning on further depreciation of the […]
After two years of implementation of the Petroleum Industry Act (PIA), experts have decried low revenues to the federation account. As a result of this, they are canvassing the review, amendment and overhauling of the PIA to guarantee maximum revenues to the federation, reports Nigerian Tribune. Leading the pack of experts, Professor of Econom...
•Festus Keyamo For the umpteenth time, experts in the Nigerian aviation industry have called on the Minister of Aviation and Aerospace Development, Festus Keyamo, to appoint a Board of Directors for the aviation agencies. This time around, Dr. Gabriel Olowo, the Chairman, Sabre Technology and President of Sabre Travel Network, in an interview ...
Kaspersky experts have conducted a large-scale study on the resistance of 193 million English passwords – comÂpromised by infostealers and available on the darknet – to brute force and smart guessing attacks. The results show that 45% of all anÂalysed passwords (87-million) could be guessed by scammers within a minute, reports Daily Independen...
•Dangote refinery Experts believe that prices of petrol and diesel may not crash significantly despite the commencement of production at the Dangote Petroleum Refinery. With the removal of subsidy on petrol in May 2023, the price per litre of petrol jumped from around N184 to over N600 depending on the location. Diesel also sells for […...
•Tinubu The federal government’s economic and monetary policies may have widened the gap between the rich and the poor in the past nine months. Also, the recent policies in the financial and energy sector have created the path to further widening of the gap in the months and probably years ahead without any sign of […]
Nigeria’s oil and gas industry stakeholders have commended President Bola Tinubu over his administration’s economic policies, attributing the recent reduction in price of diesel to the gains of the policies. According to them, the president’s fuel subsidy removal and unification of various foreign exchange rates which initially signposted econ...
•Naira and Dollar The recovery of the nation’s currency, the naira, against the dollar in the last two months have been described as artificial and cosmetic by analysts. This is despite the claim by the AssoÂciation of Bureau de Change of Nigeria (ABCON) that the naira recovered beÂcause of the clearance $7 billion forex backlog […]...
Financial experts say the naira may hit N2000 to a dollar exchange mark in a matter of months considering how the currency continues to depreciate both at the official and parallel markets despite efforts being made by the Central Bank of Nigeria (CBN). The naira was N1,120/$ on December 31, 2023. It went down to […]
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