Execution Of Those Who Embezzled Above N1bn Needed – Senator-Elect, Ndubueze
The Imo North Senator-elect, Patrick Ndubueze has urged Nigeria to emulate China’s approach in the fight against corruption. Under Chinese law, anyone convicted of embezzling or taking bribes worth 3 million yuan (US$443,000) will attract the death penalty. Report has…
Nigeria’s Inflation Increases To 22.22 Per Cent
Nigeria’s April inflation figure increased to 22.22 per cent from 22.04 per cent last month. Report has it that the National Bureau of Statistics Consumer Price Index released the information on Monday. The data represented a 0.18 per cent increase…
$1.7bn Repatriated To Nigeria In Q1 2023 – CBN
The Central Bank of Nigeria said $1.7 billion was repatriated to Nigeria’s economy in the first quarter of 2023. Report has it that the Governor of CBN, Godwin Emefiele, on Tuesday disclosed this at Lagos’s third Bi-Annual Non-Oil Export Summit….
Nigeria’s Non-Oil Exports Earnings Increased To $5.6bn In 2022 – Emefiele
The Central Bank of Nigeria has said the country’s non-oil export earnings increased by 40 per cent to $5.6 billion at the end of 2022 from $3 billion in 2021. Report has it that the CBN Governor, Godwin Emefiele, disclosed…
Tension As Nigeria’s Debt Profile Races To N80trn Under Buhari Govt
With Nigeria’s total debt stock racing to over N80 trillion, there is heightened concern in the country. Report indicates that stakeholders are of the view that Nigeria’s economy is in an emergency situation and on the verge of collapse if…
Buhari Launches National Development Plan As Nigeria Targets $33,328 GDP Per Capita
President Muhammadu Buhari has launched a new long-term National Development Plan, tagged the Nigeria Agenda 2050, NA 2050. Report has it from a statement on Wednesday by Femi Adesina, Special Assistant to the President on Media and Publicity, Buhari said…
Buhari Govt’s Controversial Taxes On Telecoms Services, Beer, Others Unsettle Nigerians
It is no longer news that President Muhammadu Buhari will be exiting the seat of power after eight years on May 29, 2023. However, the reported introduction of the controversial tax on telecommunications services, beer, beverages, vehicles and others has…
Food Prices High Globally – World Bank
Inflation in food prices remains high globally, according to the World Bank’s Food Security Update issued on Wednesday. Report indicates that between December 2022 and March 2023, available data shows high inflation in almost all low and middle-income countries. Inflation…
Uncertainties As Buhari Govt’s Monetary Policies Fail To Tackle Rising Inflation
The three months of rising inflation in 2023, with the recent figure standing at 22.04 per cent, has put pain, frustration and agony in the faces of Nigerians and the country’s economy. Report indicates that like a drowning person, Nigerians…
Additional $800 Million To Our Sovereign Debt Crisis – Umar Yakubu
As long as the government know we are a disengaged public and are assured that there are no consequences for poor or ill-timed decisions that negatively affect the commoner, they have come again. They just informed us, without consultations, that…