The world’s top most expensive passportsBag of ‘clean water’ to cost N300 in Akwa Ibom as a result of subsidySubsidy removal crisis: TUC tells FG to raise the minimum wage for workers to N200,000Experts weigh in as the withdrawal of gasoline subsidies fuels the energy crisisYour law degree is meaningless and you are incompetent. Keyamo is made fun of by Atiku’s assistant.
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Category: Economy and Capital Markets
Nationwide shutdown looms as inflation becomes worse due to fuel subsidies.
The country has been in a state of chaos since President Bola Tinubu announced the end of the fuel subsidy regime on Monday, May 29, 2023, as citizens deal with…
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Nigeria Spent N72 Billion To Import Milk In 2022
Data from the National Bureau of Statistics (NBS) has shown that at least N72.9 billion on importation of milk in 2022. The report titled: “Foreign Trade Statistics”, disclosed that N27.6…
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Manufacturers knock CBN over interest rate hike to 18.5 per cent
The Manufacturers Association of Nigeria has knocked the Central Bank of Nigeria’s decision to increase the Monetary Policy Rate, also known as the interest rate, to 18.5 per cent amid rising…
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CBN Announces Increase In Interest Rate
The Central Bank of Nigeria (CBN) has increased the monetary policy rate (MPR) by 0.50 per cent to 18.50 per cent. This was made known by Godwin Emefiele, the Governor…
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FG Provides N5 Billion Loan For Farmers
The Federal Government on Tuesday disclosed that a N5 billion loan facility has been provided at the Bank of Agriculture (BOA) for livestock farmers across the country. This was made…
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Nigeria’s inflation increases to 22.22 per cent
Nigeria’s April inflation figure on Monday increased to 22.22 per cent from 22.04 per cent last month. The National Bureau of Statistics Consumer Price Index report released Monday disclosed this.…
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Fuel Subsidy: CISLAC knocks FG over $800m World Bank loan
The Civil Society Legislative Advocacy Centre has faulted the federal government over its $800 million World Bank loan for fuel subsidy Palliatives to Nigerians. In a statement during the weekend…
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Expert Urges CBN To Review Banks’ Capital Base
In order for Nigerian banks to compete favorably with their international counterparts, a Don, Prof. Ailemen Ikpefan, has advised the Central Bank of Nigeria (CBN) to reassess the present N25…
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UN Says Shortage Of Naira Crippled Nigerian Economic Activities
According to information provided by the UN, current naira shortages have severely harmed Nigeria's economy. In its publication, "Trade and Development Report Update; Global Trends and Prospects (April 2023)," published…
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Nigeria’s World Bank debt has increased by 121 percent.
Under the leadership of the President, Major General Muhammadu Buhari, Nigeria's borrowing from the World Bank has increased by 121.46 percent. According to Punch, Nigeria's overall debt to the World…
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