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Medical, School Fees, Mount Pressure On FX Market, Naira Slides Further

The Naira has depreciated by 2.5 per cent in one month as pressure from invisible transactions like school fees and medical allowances have destabilised...

Business

INTERVIEW: Foreign Loans Destroying Nigeria’s Economy- Alaje

Nigeria’s economic hardship led to a 10-day national protest, which began August 1 and ended August 10, 2024. The agitation forced President Bola Tinubu...

Business

Experts Back CBN Policy Committee Member, Fault Raising Ways And Means Limit To 10%

A member of the Central Bank of Nigeria Monetary Policy Committee, Murtala Sabo Sagagi has advised the Federal Government to reconsider the increase of...

Business

PWC, Finance Expert Slam FG Over N121.6tn Debt, Says Deficit Above Fiscal Responsibility Act Limit

PricewaterhouseCoopers International Limited (PWC) has raised the alarm that Nigeria’s public debt hit N121.67tn in the first quarter of 2024, saying that the country’s...

Business

Nigeria’s Push To Attract Investments May Be Frustrated By CBN’s Cash Repatriation Restriction- Analyst

Regulatory authorities in the Nigerian oil and gas sector have up their games in scouting for new investors in the country’s oil-rich economy but...

Business

Tinubu’s Administration Renege On Plans Not To Borrow, Takes $4.1bn Loan In One Year

On August 9, 2023, President Bola Ahmed Tinubu inaugurated a tax committee with mandate to raise revenue because his government inherited a ‘bad government’...

Business

Tinubu’s Administration Renege On Promise Not To Borrow, Takes $4.1bn Loan In One Year

On August 9, 2024, President Bola Ahmed Tinubu inaugurated a tax committee with mandate to raise revenue because his government inherted a ‘bad government’...

Business

CBN’s Interest Rate Hike Will Trigger Massive Unemployment, Hardship-Expert

The Central Bank of Nigeria (CBN) raised rates by 400 basis points to 22.75 per cent on Tuesday as it searches for a soft...

Business

Minimum Wage Review Will Not Ease Hardship If FG Fails To Fix Economic Problems — Alaje

Nigeria’s economic hardship has become a a major issue for the less-than-a-year-old administration of President Bola Tinubu and experts like the Senior Partner of...

Business

Floating Naira Worst Economic Decision Since 1999— Economists React As $1 Sells For Over N1,420

Some Nigerian economists have said that the foreign exchange policy of floating the naira which was introduced by the Central Bank of Nigeria last...

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