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Monday, April 19, 2021
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CATEGORY

Economy

How CBN Monetary Policy Committee Members See Inflation Fight Unfolding

The Monetary Policy Committee (MPC) held its first statutory meeting for the year 2021 on the 25th and 26th January on the backdrop of...

FIRS Chair Nami Embarks on Spending Spree, Despite Poor Revenue Collections

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has embarked on a spending spree, despite a lack of substantial increase in...

Earn N5 for Every $1 of Remittance Inflow – CBN

The Central Bank of Nigeria (CBN) has unveiled a promotional offer to encourage the inflow of diaspora remittances into the country, with the announcement...

Osinbajo Disavows Unorthodox Policies in Rare Rebuke of Emefiele

Nigerian Vice President Yemi Osinbajo has in an unprecedented move disavowed a lot of the policies being spearheaded by the country’s powerful Central Bank...

Bad Policies Explain Poor Growth 5-years into Buhari’s Tenure

In 2008, the global economic recession destroyed demand for energy and toppled crude from its all-time high above $147 a barrel in July 2008 to a...

Nigeria Returns to Positive Growth in Q4 as GDP Rises 0.11%

Nigeria’s Gross Domestic Product (GDP) grew by 0.11 percent(year-on-year) in real terms in the fourth quarter (Q4) of 2020, representing the first positive quarterly...

Nigeria to Convert N10trn CBN Ways and Means Financing to 30-Year Debt

Nigeria’s federal government has set the terms for the conversion of its stock of central bank ways and means overdrafts into long-term notes in...

Buhari Approves Trillion Naira Infraco Firm to Address Infrastructure Deficit

President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial seed capital of N1...

Mota-Engil Begins Work on $1.8 Billion Nigeria-Niger Railway

Mota-Engil SGPS SA, a Portuguese construction company, started work on a $1.8 billion railway line that will connect Nigeria with neighbor Niger.Transport Minister Rotimi...

Inflation to Erode Workers’ Wages This Year

Just like a thief that surreptitiously sneaks into a house and loots valuables, spiraling inflation steals the wages of workers and impoverishes millions of...

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