Economy
-
CBN directs banks to continue to issue, accept all banknotes
The Central Bank of Nigeria (CBN) has directed all its branches to continue to issue and accept all denominations of…
Read More » -
Tinubu writes Reps, seeks approval for $8.6bn, €100m external loans
President Bola Tinubu has written the House of Representatives seeking the approval of the green chamber for $8.6billion and €100million…
Read More » -
Nigeria faces N19.9trn future liabilities
A staggering estimate of N19.9 trillion in contingent liabilities looms over Nigeria from 2024 to 2026, as a result of…
Read More » -
SERAP moves to block World Bank loans to Nigeria’s 36 states over misspending despite N87trn debt
The Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President Mr Ajay Banga “to promptly, transparently and…
Read More » -
CBN plans new round of recapitalisation for banks
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the…
Read More » -
PDP governors demand new revenue sharing formula by FG that will increase states’, LGAs allocations
Peoples Democratic Party Governors Forum (PDP) has called on the federal government to introduce a new revenue allocation formula that…
Read More » -
Inflation will further push 2.8m Nigerians into poverty, World Bank warns
The World Bank has predicted that Nigeria’s low economic growth and rising inflation will cause an additional 2.8 million people…
Read More » -
Fresh naira scarcity hits Kano, Sokoto, Edo, others
Despite recent assurances by the Central Bank of Nigeria that there is enough naira in circulation, reports of scarcity have…
Read More » -
REVEALED: Tinubu slashes workers wage by N100bn, Organised Labour alleges, warns of consequences
Labour unions, Wednesday, lambasted the Tinubu-led federal government for slashing the supplementary budgetary allocation for wage awards to federal civil…
Read More » -
Nigeria on verge of worst economic crisis — APC Senator Abdullahi
The Chairman, Senate Committee on National Planning and Economic Affairs, Yahaya Abdullahi, has said that Nigeria is facing the worst…
Read More »