Tag: APC

Buhari
Economy

Naira crisis: Three northern APC states sue Buhari, CBN

Three All Progressive Congress governed states, Kaduna, Kogi and Zamfara State Governments have sued the President, Major General Muhammadu Buhari’s (Ret’d.) government to court, over the new naira policy introduced by the Central Bank of Nigeria.   Naija News reported that according to the motioned filed, owing to the current hardship suffered by their state […]

Trapped funds: CBN to give foreign airlines $150m
News

Dollar shortage persists after party primaries

Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market of Africa’s biggest oil producer. Between June 2021, and June 2022, dollar-to-naira exchange rate has risen from N500 to N603 at the parallel market, signifying the greenback appreciated by 21 per cent […]

Telecommunications

Tinubu didn’t bring Econet to Nigeria -Tech investor

Nigerian tech investor, Victor Asemota, has said that presidential aspirant, Bola Tinubu, did not bring Econet Wireless (now Airtel) to Nigeria. The techpreneur’s comments came after the All Progressives Congress’ national leader, claimed that he played a significant role in the Nigeria telecom service by bringing Econet to the country during the presidential screening of […]

Interview

2023: Candidates must show tax compliance proof, says CITN

In this interview with, the President and Chairman in Council, Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, speaks on tax issues in the country Tax compliance is still low in the country. What is responsible for this? The issue of tax compliance and enforcement, as I keep saying over the years, has to […]

Banks reduce forex sales as scarcity persists
News

Manufacturers suffer scarcity as politicians buy dollars for primaries

As the naira continues its free fall against the dollar, manufacturers in the country have lamented the worsening scarcity of the United States currency, saying their inability to get the forex they need and the excessive delay in getting the little available are killing their businesses. However, findings revealed that the scarcity, which has driven […]

100% cashless economy possible in Nigeria - Emefiele
News

Emefiele must resign to preserve CBN’s credibility – Experts

Economic experts at a local think-tank, the Centre for the Promotion of Private Enterprise, have urged the Governor of the Central Bank of Nigeria to resign in order to preserve the integrity, credibility, independence, neutrality, and professionalism of the apex bank. They said the partisan disposition of the CBN governor had cast doubts over the […]