LCCI warns FG on rising debt
The Lagos Chamber of Commerce and Industry has warned the rising debt stock incurred by the Federal Government is becoming increasingly problematic.…
Economy
Nigeria facing existential threats – World Bank
The World bank on Wednesday alerted the regime of the President, Major General Muhammadu Buhari(retd), that Nigeria might be facing an existential…
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…
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…
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…
CBN vows to curb further naira devaluation
The Central Bank of Nigeria has reiterated its commitment to preventing a further devaluation of the Nigerian naira in the foreign exchange…
Senate summons Emefiele as naira falls to N700/dollar
The Senate, on Wednesday, resolved to summon the Governor of the Central Bank of Nigeria, Godwin Emefiele, to educate and inform senators…
More firms may collapse over rising FX, fuel cost – Expert
An economist and Chief Executive Officer at Financial Derivatives Company Limited, Bismark Rewane, has predicted that the high cost of power, fuel…
Nigerians face tougher times as revenue falls by N1.89tn
Economic and energy experts have predicted tougher days ahead for the economy, states and Nigerians as the Federal Government projects N6.7tn on…
Give confiscated foodstuffs to poor Nigerians, experts tell Customs
The Chief Executive Officer, Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, has advised the Nigeria Customs Service to see…
Dollar conversion: CBN to block bank customers’ account
The Central Bank of Nigeria has said it will place A ‘Post no Debit’ on the accounts of customers, especially politicians, converting…
Nigeria’s inflation hits 20%, surpasses World Bank’s projection
Nigeria’s inflation rate is now at 20 per cent, 0.5 per cent above the World Bank’s projection of 15.5 per cent, despite…