Economy
Consumers’ Hardship Continues As Nigeria’s Inflation Hits 17-Year High Amid Soaring Food Prices
Nigerian consumers are in for continuous hardship as rising prices of food items continues with new inflation rate at 19.64...
Read moreDetails5% Tax: Telecoms Consumers Head For Court As Analysts Query Imposition Of Taxes In Depressed Economy
Analysts are at a loss as to why federal government of Nigeria would opt for taxes as ways of...
Read moreDetailsDisturbing Outlook On Nigerian Economy Elicits Fears Of Recession, Extinction, Displacement Of Resources, Others
John Omachonu Nigeria is currently in dire straits and would require synergy between the fiscal and monetary policy measures, combined...
Read moreDetailsRising Debt Pushes Nigeria Up To Fourth On World Bank Debtors’ List
Fresh debt accumulation of International Development Association (IDA) of $1.3billion within a fiscal year may have pushed Nigeria to...
Read moreDetailsConcerns Over CBN’s Planned Sale Of Polaris Bank For N50billion, After N1. 4Trn Spent On Revival
By John Omachonu The planned sale of the bridge financial institution, Polaris Bank by the Central Bank of Nigeria...
Read moreDetailsCBN, NNPCL May Clash Over Naira Value, Foreign Reserves
The Central Bank of Nigeria (CBN) and the National Petroleum Company (NNPC) Limited may be heading for a collision course following...
Read moreDetailsHow CBN Can Save Naira, Engender Stability In FX Market, By ABCON Boss
John Omachonu Amid the protracted crisis in the foreign exchange market, typified by record depreciation of the local currency, naira,...
Read moreDetailsNaira: EFCC Storm Bureau De Change Hub In Abuja
Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday stormed Wuse Zone 4, Abuja, home to most bureau...
Read moreDetailsCBN Urges Nigerians To Resist Speculative Activities Of FX Players, Admits Demand Pressure
Amid rising demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has...
Read moreDetailsNigeria’s Debt Service Ratio Now World’s Worst, Unsustainable Fiscal Policy, says EIU
The recent revelation of the staggeringly high 118.9 percent debt service/revenue ratio from January to April by Ahmed Zainab, Nigeria's minister...
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