Blog

IMF backs CBN on interest rate hike
Economy

Why Tinubu, Shettima must focus on revenue, expenditure – IMF

The resident representative of the Nigerian office of the International Monetary Fund, Ari Aisen, has urged that revenue and expenditure should be the main areas of focus in order to address Nigeria’s debt problems. The Punch reported that the IMF said this while encouraging Sen. Bola Tinubu’s new administration to take steps to broaden the country’s source of […]

102.39m Nigerians now have NIN - NIMC
News

NIN registration hits 100 million in 2 years- NIMC

The National Identification Number registration is now over 100 million people, according to the National Identity Management Commission. According to Nairametrics, the Minister of Communications and Digital Economy, Dr. Isa Pantami, revealed this on Thursday. The announcement disclosed that there are now more than 100 million NIN members, up from 61 million two years ago. “Only 39 million […]

News

Inflation would be worse if not for CBN policy – Emefiele

The governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has said that the country’s inflation would have increased by more than 800 basis points had the bank not pursued a contractionary monetary policy that started in May 2022. According to Arise News, without the efforts of the bank, Emefiele stated that the inflation rate […]

Multipurpose NIN, debit cards free, not mandatory - FG
Banking

Multipurpose NIN, debit cards free, not mandatory – FG

The Federal Government has said that the multipurpose NIN and debit cards given to Nigerians by banks are free but not compulsory. Nairametrics reported that the Minister of Communications and Digital Economy, Prof. Isa Pantami, revealed this on Wednesday after banks were given permission to provide Nigerians with NIN cards. According to the Minister, Nigerians can […]

Flutterwave emerges CNBC’s 14th disruptor
Business

Flutterwave’s Agboola joins Wall Street Journal CEO Council

One of the leading FinTech companies in Africa, Flutterwave, has announced that its Chief Executive Officer, Olugbenga ‘GB’ Agboola, has been chosen to join the CEO Council of the Wall Street Journal. The CEO Council consists of 350 CEOs who are at the helm of companies employing over 11 million individuals, generating more than $4.48 […]

Pharmacy
News

Pharmacist national chair task members on professionalism

By Wilson Adekumola   The National Chairman of Association of Community Pharmacists of Nigeria, Pharma. Adewale Oladigbolu has called on pharmacists to adequately manage their business and think of ways they can also generate revenue to thrive in the industry.   Oladigbolu made call when the Abuja Branch held her Maiden Edition of her Business […]

The Black, Red and Yellow Germany's National flag
Business

Germany’s economy enters recession in Q1 as GDP falls by 0.3%

Recent data updated by the federal statistical agency reveals that the German economy experienced an unforeseen decline during the initial quarter of this year, officially placing the nation in a state of recession. According to Reuters, the Gross Domestic Product experienced a decline of 0.3% during the quarter, after being adjusted for both price and […]

Why wrong financial information threatens economy - ICAN
Business

Why wrong financial information threatens economy – ICAN

Accountants of Nigeria have said that financial information that is inaccurate, misleading, or handled improperly can have disastrous effects on the whole economy. According to Independent News, the ICAN President, Mallan Tijjani Musa Isa, emphasized that this shows how significant and sensitive the function played by chartered accountants in any economy is. Isa made this statement while […]

Minister of Aviation, Hadi Sirika, during a State House Briefing in Aso Villa
Business featured

FG to receive Nigeria Air aircraft Friday

The Minister of Aviation, Senator Hadi Sirika, disclosed that Nigeria’s aircraft, Nigeria Air is set to land in the country on Friday, representing a significant milestone in the commencement of its operations. In his appearance on Channels Television, the minister assured that the aircraft would be unveiled adorned in Nigeria’s national colours, fulfilling all the […]

TETFund urges FG to increase education tax
Foods

Why I shut down borders – Buhari

The President, Major General Muhammadu Buhari (retd.), has said he deliberately shut the country’s borders to encourage food production in Nigeria.   Buhari made this known while addressing Nigerians in a public conference in Abuja on Wednesday.   While the move was heavily criticised, Buhari noted that Nigerians later appreciated it.   He said, “I […]

FG approves national dairy policy
News

FG approves national dairy policy

The Nigerian Government has announced its approval of the national dairy policy. According to the News Agency of Nigeria, this policy is meant to guide operations in the dairy value chain, boost livestock production, and reduce attacks on farmers by herders. The Minister of Agriculture and Rural Development, Dr. Mohammed Abubakar, revealed this in Abuja […]

Nigeria's mineral production rose by 39% in 2021 - NBS
Business

Nigeria’s GDP drops to 2% – NBS

Nigeria’s overall economic output, known as Gross Domestic Product, grew by 2.31 per cent year-on-year in the first quarter of 2023. However, this growth rate is lower than the 3.11% recorded in the first quarter of 2022 and the 3.52 per cent growth rate in the last quarter of 2022. The decline in growth according […]