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Business & Economy
Budget Office backs Lawan on borrowing, says Nigeria poor
THE Budget Office of the Federation says Nigeria must borrow to exit recession, noting that the country is poor.
Director General, Ben Akabueze, made this known in reaction to…
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Nigeria spends N150bn on fuel subsidy monthly ― NNPC
THE Federal Government spends between N140 billion to N150 billion monthly on fuel subsidy, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele…
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Nigerians should be paying N256/litre for petrol — NNPC
THE Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says Nigerians should be paying at least N256 per litre for petrol.
Kyari disclosed…
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CBN agrees to mint currency for Gambia
THE Central Bank of Nigeria (CBN) has agreed in principle to mint The Gambian Dalasi.
The CBN governor, Godwin Emefiele, agreed to the currency minting proposal from the Governor of…
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Rising debt profile ‘necessary burden’ – Lawan
SENATE President, Ahmad Lawan, has described the country's rising debt profile as a “necessary burden” to keep a “stagnated” economy moving.
Recall that the Debt Management Office…
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Nigeria’s economy declines by over N2 billion 24 hours after Twitter ban — Report
The Nigerian economy may have declined by over 2billion Naira in just one day of Twitter ban.
This is if the statistics of Netblocks.org, a mapping internet freedom platform is…
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Cryptocurrency used for illegal transactions – Emefiele
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Tuesday cryptocurrency is majorly used for illegitimate transactions.
The CBN governor’ comment came three months…
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Borrow more or raise taxes, IMF urges Buhari
THE International Monetary Fund (IMF) has advised the President Muhammadu Buhari-led Federal Government and other African countries to borrow more funds, or increase taxes in order to…
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Naira abusers risk six months in jail – CBN
The Central Bank of Nigeria (CBN) has cautioned the public against abuse of the country’s currency, describing naira as pride of the nation.
The Principal Manager, Currency Operations…
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FG ponders slashing civil servants’ salaries to reduce cost of governance
The Federal Government says it is considering cutting salaries of workers as a way of reducing the high cost of governance in the country.
Minister of Finance, Zainab Ahmed, said the…
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