Economy

The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has explained the effect of the latest interest rate by the Central Bank of Nigeria (CBN) on Nigerians.  The economist was a guest on Channels…
Read More...

Two senior officials of the Federal Government on Monday defended the move by the present administration to tax profits by banks arising from foreign exchange transactions. The Federal Government’s move on one-off tax is contained…
Read More...

President Tinubu By: Saidu Ahmed "Ultimately, leadership is about the strength of one’s convictions, the ability to endure the punches, and the energy to promote an idea" -Benazir Bhutto Balance of power, devolution of power,…
Read More...

The House of Representatives is set to amend the 2024 Appropriation Act to approve an additional N6.2 trillion for unspecified capital projects. The proposed amendment, detailed in a bill sponsored by the Majority Leader, Hon.…
Read More...

*The Minister of Women Affairs, Uju Kennedy-Ohanenye, on Monday, declared that there is no big deal in spending ₦1.5m to fuel six cars for an official journey to Anambra State According to her, everyone knows how much petrol costs…
Read More...

The Central Bank of Nigeria (CBN) has resumed sales of foreign exchange to Bureau De Change (BDC) operators, ending a four-month suspension. On Friday, July 12, 2024, the apex bank sold $122.67 million to 46 authorized dealers,…
Read More...

The National Bureau of Statistics (NBS) has reported that Nigerian public officials received N721 billion in bribes in 2023. This is presented in the “Corruption in Nigeria: Patterns and Trends” report, which was based on a survey…
Read More...

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…
Read More...

By William Emmanuel Ukpoju In 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…
Read More...

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…
Read More...