Economy

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President Buhari: The Unheralded Achievements – Femi Adesina
President Buhari: The Unheralded Achieve...

President Buhari: The Unheralded Achievements – Femi Adesina

Let me give due credit for the idea of this piece. President Muhammadu Buhari had said recently that elites in the country were not giving due accolades to his administration in terms of where it met the country, what it grapples with, and where it has been able to take the nation to, thus far. The... read more »

I Was Surprised Trump Opposed My Candidacy - Okonjo-Iweala
I Was Surprised Trump Opposed My Candida...

I Was Surprised Trump Opposed My Candidacy – Okonjo-Iweala

Ngozi Okonjo-Iweala, Nigeria’s former Finance Minister, says she was surprised that President Donald Trump’s administration could stand in her way of leading the World Trade Organisation (WTO). At a press briefing, the new Director-General of WTO said she did not see it coming. She said... read more »

TUC Tackles Sylva Over Impending Fuel Price Hike
TUC Tackles Sylva Over Impending Fuel Pr...

TUC Tackles Sylva Over Impending Fuel Price Hike

The Trade Union Congress, TUC, has faulted the Minister of State for Petroleum Resources, Chief Timipre Sylva, over his comment that Nigerians should get ready for the pain associated with the increase in crude oil price. The Manufacturers’ Association of Nigeria, the Lagos Chamber of Commerce... read more »

Cryptocurrencies Ban’ll Boost Anti-Money Laundering Compliance – ABCON
Cryptocurrencies Ban will Boost Anti-Mon...

Cryptocurrencies Ban will Boost Anti-Money Laundering Compliance – ABCON

The Association of Bureaux De Change Operators of Nigeria, ABCON, has backed the Central Bank of Nigeria’s order directing banks to close all accounts belonging to cryptocurrency traders. This was contained in a statement issued on Sunday titled,  ‘ABCON backs CBN’s cryptocurrency trading... read more »

Cryptocurrency Ban: They Breed Illegal Activities - CBN Says as it Defends Action
Cryptocurrency Ban: They Breed Illegal A...

Cryptocurrency Ban: They Breed Illegal Activities – CBN Says as it De...

Following the ban placed on cryptocurrencies, the Central Bank of Nigeria, CBN, has defended its decision saying they promote illegal activities and raise risks, among other reasons. The apex bank disclosed this in a statement issued on Sunday concerning various comments and reactions following its... read more »

More from Economy

CBN to Shut Accounts of Diaspora Remittance Violators

CBN to Shut Accounts of Diaspora Remittance Violators

The Central Bank of Nigeria has threatened to suspend the operating licences of operators who continue to violate rules guiding diaspora remittances into the country. The apex bank said it... read more »

Ekiti Govt. Includes N550m Budget For drones Used To Fight Kidnapping, Banditry

Ekiti Govt. Includes N550m Budget For drones Used To Fight Kidnapping, Banditry

Ekiti State Government has said efforts are on to procure sophisticated drones as part of efforts to boost surveillance, expose criminal hideouts and combat insecurity. Commissioner for... read more »

Algeria Crude Oil Output Slumped in 2020

Algeria Crude Oil Output Slumped in 2020

Algeria’s oil revenue tumbled in 2020, worsening an economic crisis in the North African country which is highly dependent on crude income, according to data released by the Energy... read more »

Naira Suffers Further Slump, Exchanges for 473/$

Naira Suffers Further Slump, Exchanges for 473/$

On Tuesday, 12 January 2020, the naira suffered depreciation at the parallel market and Investors and Exports window. Figures obtained from Bureau De Change operators showed that the naira... read more »

Diri Signs N329bn 2021 Appropriation Bill into Law

Diri Signs N329bn 2021 Appropriation Bill into Law

Bayelsa State Governor Douye Diri has signed the 2021 bill of N329.29 billion into law. The governor had on November 26 presented an estimate of N290.295 billion tagged, ‘Budget of Growth’ to the... read more »