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Economy

Obi Knocks CBN’s New MPR, Says Policy Will Worsen Economic Situation, Lead to Job Loss

main opposition voice in Nigeria and the 2023 presidential candidate of Labour Party (LP), Peter Obi has given a thumbs down to the New Monetary Policy Rates (MPRs) released by the Central Bank of Nigeria (CBN). According to Obi, an…

Fall of Naira: Why You Should Leave BDC Operators Alone – Obi Guides Agencies

Main opposition voice and the Labour Party Presidential Candidate in last year’s general election, Peter Obi, has advised government agencies arresting Bureau de Change (BDC) operators to assist in easing foreign exchange challenges facing the country because they are not…

Steel Sector Invaluable To Oil And Gas Industry – Uba Maigari

The Minister of State, Ministry of Steel Development, Uba Maigari Ahmadu, has stated that the Steel Sector is essential in the oil and gas industry as steel allows for the extraction of valuable resources that are used to fuel our…

Lagos Assembly Suggests Ways To Strengthen Naira Against Dollar

The Lagos State House of Assembly has decried the continued downward slide in the value of the naira against the dollar. As at Tuesday, a dollar hovered between N1,474 and N1,500 and the lawmakers, at plenary, advised the federal government…

Nigeria, US Form Partnership on Mining Development

In a resolve to strengthen collaboration between Nigeria and the United States on mining development, both countries have formed a working group to work out modalities of partnership. As a follow-up to last week’s Abuja meeting with the United States…

Delta State Governor Assents 2024 Appropriation Bill of N724bn

Delta State Governor, Rt. Hon. Sheriff Oborevwori, Wednesday, in Asaba, assented to the state’s 2024 Appropriation Bill of N724,979,313,867 billion. The approved budget is made up of N316,624,462,711 recurrent expenditure while the sum of N408,354,851,156 is for capital expenditure. While…

Over 41,000 Households Benefited from N5.3bn NG-CARES Programme — BOI

The Bank of Industry (BOI) has disclosed that over 41,000 households and companies have benefited from the Bank’s N5.3 billion COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme disbursements in four years. Speaking on Thursday at NG-CARES Stakeholders Engagement Workshop…

Oborevwori Identifies Threats to Ease of Doing Business in Nigeria

Delta State Governor, Rt. Hon. Sheriff Oborevwori, Monday, identified harsh and hostile operating environment, poor basic infrastructure, insecurity and policy flip flops as disincentive to both local and foreign investments in Nigeria. Governor Oborevwori also remarked that the nation’s tax…

Nigeria’ll Derive Maximum Benefits From Revised Guidelines For CDA — Alake

The Minister for Solid Minerals Development, Dr Oladele Alake has stated that the country is poised to derive maximum socio- economic benefits from a sanitized mining environment through a revised Community Development Agreements (CDAs) in line with international best practices….

Photo News: Unity Bank MD Tasks Students On World Savings Day Training

The Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs Tomi Somefun has charged parents to take greater responsibility in supporting early child adoption of Banking and savings culture as the bedrock for forging sustainable wealth creation for Nigerian Child….

There Will Be No Christmas Rice In Nigeria

(Verse 1) Dis December… We no go chop rice, e scarce for pot, For dis Naija, e don dey too hot, Hardship dey bite, we don chop pepper, For dis economy, e be like say na suffer. (Chorus) We no…