Harmonise foreign exchange rate – Group tells CBN
The Nigerian Economic Summit Group has urged the Central Bank of Nigeria to harmonise foreign exchange rates as the nation battles scarcity of forex and dwindling value of the naira,…
Nigeria ranks fourth on World Bank debtors’ list
Nigeria under the regime of the President, Major General Muhammadu Buhari(retd), currently ranks fourth on the World Bank’s top 10 International Development Association borrowers’ list. Rising debt has pushed Nigeria…
Experts slam FG as debt servicing nears N10.43tn
Experts have slammed the Federal Government following its projection that debt servicing will cost N10.43tn by 2025. According to the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper, the…
Why govt should make forex available for manufacturers – NECA
The Nigeria Employers Consultative Association has revealed why the Nigerian government should allocate available forex to manufacturing and other productive sectors of the economy. According to the Director-General, NECA, Mr…
Bakers to raise bread prices over rising costs
Bakers, under the aegis of the Premium BreadMakers Association of Nigeria, have announced their readiness to increase the prices of bread following the rising costs of baking materials. This was…
Jet A1 hike threatens airlines’ existence – Ibom Air COO
The Chief Operating Officer of Ibom Air, Mr Goerge Uriesi, has expressed fears that the continuous fuel price hike could threaten the existence of Nigerian airlines. The former Managing Director…
Rising debt affecting investment in infrastructure, others – DMO
The Director General of the Debt Management Office, Patience Oniha, has said that high debt levels lead to high debt services and affect investment in infrastructure. This is according to…
NIPOST cracks down on Illegal courier, logistics operators
The Nigerian Postal Service has cracked down on illegal courier and logistics operators in Ogun State. Motorcyles were seized and illegal offices were shut durinf the exercise carried out by…
EFCC threatens to arrest dollar hoarders over naira fall
Following the increasingly fall of the Naira, the Economic and Financial Crimes Commission has threatened to arrest Nigerians hoarding dollars and other foreign currency The Chairman of the anti-graft agency,…
NBC slammed over MultiChoice court ruling
A local pay cable television company named Metro Digital Limited has slammed the Nigerian Broadcasting Commission for failing to comply with the directive of the Court of Appeal in its…
First Bank headquaters in Abuja shut over debt
The headquarters of First Bank located in the Central Business District, Abuja, had been sealed up by the FCT High Court Enforcement Unit over failure to comply with a garnishee…
Marketers hint at fresh fuel scarcity in Abuja
The Federal Capital Territory residents might experience a fresh round of fuel scarcity as tankers have halted the conveyance of petroleum products to the state. According to The Punch, the…
