…predicts better economy under President Tinubu Vice President Kashim Shettima has tipped Nigeria to become a major economic force in the world under President Bola Ahmed Tinubu. According to him, the Tinubu administration is committed to creating an unprecedented enabling environment for both local and foreign investors to thrive. TheContinue Reading
The immediate past Kaduna State governor, Mallam Nasir El-Rufai has descended heavily on President Bola Tinubu on the issue of subsidy on petroleum. On 29 May, 2023 the president announced the removal of subsidy on petroleum to the chagrin of citizens, most of whom needed the programme to keep theirContinue Reading
“There are people who are deliberately wicked. After wickedness, they hold Bible” By Ime Silas Senior Pastor and General Overseer of Omega Ministries International, Apostle Johnson Suleman has chided the embattled former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele for brandishing a ‘massive Bible’, in theContinue Reading
*why he must be arrested at all costs –EFCC THE Federal Government has traced fleeing Binance executive, Nadeem Anjarwalla, to Kenya, following his escape from custody in Nigeria. Following the development, the Economic and Financial Crimes Commission, the International Criminal Police, the Nigeria Police Force and the Kenyan Police ServiceContinue Reading
‘This development occurs merely four days after the Central Bank of Nigeria (CBN) adjusted its FX selling rate to BDCs to N1,101 per dollar, down from the previous N1,251’ Following the conclusion of the Eid-el-Fitr holidays, the Nigerian Naira has seen a notable appreciation of N60 against the US dollar.Continue Reading
*The Foreign Reserve, Payment of backlogs of owed Forex, Increased Oil Production, etc. I see supporters of a certain candidate spreading the propaganda that our foreign reserves dropped because the Tinubu administration has abandoned the flotation of the Naira and is now defending it, like previous administrations, and that isContinue Reading
…details of how Lagos Court remanded Ex-CBN Gov The Economic and Financial Crimes Commission, EFCC, has filed a fresh 26-count charge bordering on abuse of office and corruption against the former governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele. Emefiele will be arraigned before Justice Rahman OshodiContinue Reading
Zimbabwe is replacing her collapsing local currency with a new one backed by gold and foreign currencies hoped will be more stable and help bring down inflation, the central bank said on Friday. The Southern African country relaunched her own currency in 2019 after a decade of dollarisation, but itContinue Reading
‘Not less than N80 billion had been budgeted for the PAF as maintenance cost, from 2016 to 2023. In 2016 (N3.65 billion), 2017 (N4.37 billion), 2018 (N7.26 billion), 2019 (N7.30 billion), 2020 (N6.79 billion), 2021 (N12.55 billion), 2022 (N12.48 billion) and in 2023 about N25.7billion, made up of N13billion inContinue Reading
By Abdullahi Ahmed, Tola Kehinde and Rosaline Ekwere The naira, on Monday, appreciated to N1,250 per dollar at the parallel section of the foreign exchange (FX) market, according to reports confirmed by relevant stakeholders. The FX rate is a 0.43 percent increase from the N1,280 recorded on March 29, yetContinue Reading
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