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Economy

Reliance On Export Of Raw Materials, Disease That Needs Urgent Cure - Tinubu

Presidential candidate of All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, on Tuesday, said his administration is committed to addressing …

Naira Redesign: Why You Must Put Arabic Sign On Every Note - MURIC To CBN

Muslim Rights Concern (MURIC) has supported the move by the Central Bank of Nigeria (CBN) to redesign the naira. The the Islamic human rights organiz…

Proposed Introduction Of N5,000 Still On Course - Sanusi

Former Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi has claimed that plans to introduce N5,000 notes have not been forgotten. P…

Proposed Introduction Of N5,000 Still On Course - Sanusi

Former Nigerian Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi has claimed that Introduction of N5,000 notes in Nigeria have no…

Gumi Rejects Naira Redesign, Describes It As Economic Suicide

Sheikh Ahmad Gumi has kicked against redesigning of the naira notes by the Central Bank of Nigeria (CBN). He described this as an economic suicide …

Artificial Intelligence, Robotics and the Post COVID-19 Era

Artificial intelligence (AI) and robotics are becoming increasingly sophisticated and they are set to play a significant part of our future workplace…

Again; Naira Crashes To ₦800 Per Dollar

The naira’s downward spiral has reached another historical low rate under the President Muhammadu Buhari's regime. Currently, the Naira trading i…

Buhari's Infrastructural Development Plan To Generate 21 Million Jobs By 2025 - Minister

The Minister of Transportation, Mu’azu Sambo, has said it's  Federal Government aim and is set to generate 21 million full-time jobs for many Nig…

CBN Spends N281 Billion To Print New Notes In 5 Years

The CBN has spent N281.07 billion to print bank notes between 2016 and 2020 and another N3.88 billion to destroy mutilated notes within the same peri…

The First Coins Featuring King Charles III will be in Circulation from December

The Royal Mint is making 9.6 million copies of the 50p coin, which also pays tribute to Queen Elizabeth II. The reverse of the coin is a replica of t…

Cooking Gas Price Inflates By 61%

The price of 12.5kg of cooking gas rose by 61% from N6,165 in September 2021 to N9,906 in September 2022. This was disclosed by the National Bureau o…

$1 Now ₦788, We Are Not Aware Of Naira Redesigning - Finance Says

Minister of Finance, Budget, and National Planning, Zainab Ahmad, has disassociated her ministry from the planned move by the Central Bank of Nigeria…

CBN Spends N281 Billion To Print New Notes In 5 Years

CBN Governor- Godwin Emefiele The sum of  N281.07 billion has been spent by CBN to print bank notes between 2016 and 2020 and another N3.88 billion…

CBN Set To Redesign Naira Notes

The Central Bank governor- Godwin Emefiele, on Wednesday said that the apex bank would redesign the Country’s currency. "On the basis of these t…

Revealed: How Nigeria Loses Three Million Oil Barrels Monthly – FG

The Federal Government on Monday revealed that its latest findings showed that about 1.2 million barrels of crude oil was consistently shut in by pro…

CBN, AMCON Announce Sale Of Polaris Bank

Polaris Bank The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have announced the completion of a Share Purchase …

Finance Minister Recommends More Taxes To Reduce Nigeria’s Debt Burden

Finance Minister- Mrs Zainab Ahmed Amind the hardship in the Country, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has ins…

Nigeria’s Inflation Rate Hits A New 17-year High Of 20.77% In September 2022

Nigerians' President- Major General Mohammadu Buhari (Retd) Nigeria’s inflation rate surged to 20.77% in September 2022, up from 20.52% recorded …

Buhari’s Regime Borrows ₦31tn, To Leave ₦39.12tn Debt For Successor

Nigerians President, Mohammadu Buhari during Budget Presentation at the National Assembly Total budget estimate presented by Buhari as President: The…

Get Set To Pay For Gas Under Buhari As Importers Lament Forex Scarcity

Gas Increase The National Operations Controller, the Independent Petroleum Marketers Association of Nigeria, IPMAN, Mike Osatuyi has said independent…
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