Economy

Kenyan President William Ruto has scrapped the budgets for the offices of first and second ladies.The embattled Kenyan leader also dissolved 47 state agencies in a move to cut down government expenditure and pacify dissatisfied…
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By William Emmanuel UkpojuIn a move to address Nigeria's economic challenges, President Bola Tinubu has inaugurated the Presidential Economic Coordination Council (PECC) and launched the Economic Stabilization Programme. The…
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The Central Bank of Nigeria, CBN, raised N284.26 billion from investors in its latest Nigerian Treasury Bills (NTBs).The auction, which took place on Wednesday, attracted a total subscription amounting to N773.98 billion, far…
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Arguments against continuous monetary policy tightening by the Central Bank of Nigeria (CBN), as a sure way of reining in inflation has received international boost, with the World Bank toeing the same line in its latest report.The…
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The widespread economic hardship being witnessed in Nigeria has worsened as the nation’s food inflation climbed up to 40.66 per cent in May 2024 from 24.82 per cent as recorded in the same period last year.The National Bureau…
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An op-ed featured on Business Insider by Huileng Tan highlights the BRICS group’s ongoing initiatives aimed at diminishing reliance on the US dollar.Last year, Brazilian President Luiz Inácio Lula da Silva proposed the idea of a…
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Archbishop of the Aba Ecclesiastical Province and leader, Southern Nigeria Bishops Conference, Church of Nigeria (Anglican Communion), Dr Isaac Nwaobia, has declared that there is no hope for the country under the Bola Tinubu…
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Crude Oil and DollarThe naira has remained firm against the dollar since the country received $925m additional inflow from ‘Project Gazelle Funding Limited’, a crude oil forward sales deal between the Nigerian National Petroleum…
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At a time prices of essential commodities have skyrocketed in Nigeria with apparent lack of price control mechanism, Senegal’s new government has announced measures to cut prices on the same commodities, including rice, oil, bread,…
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By William Emmanuel UkpojuDiageo, the parent company of Guinness Nigeria Plc, has announced its decision to withdraw from the Nigerian market after a 75-year presence. This move has ignited a flurry of reactions across social media…
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