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Business and Economy

FAAC shares N990bn to three tiers of government for December 2022

THE Federation Account Allocation Committee (FAAC) approved, on Tuesday January 17, the sharing of N990.189 billion to the three tiers of government as revenue...

N77trn debt: Each Nigerian to owe N384,864 by end of Buhari’s tenure

Every Nigerian will be owing N384,864 each when President Muhammadu Buhari leaves office in May 2023, with the country’s debt profile expected to spiral...

December inflation declines to 21.34% – NBS

THE National Bureau of Statistics (NBS) says Nigeria's headline inflation rate eased to 21.34 per cent, compared to the November 2022 headline rate, which...
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DSS counters reported invasion of Emefiele’s office, as he resumes duty

THE Department of State Services (DSS) has debunked reports that its operatives today invaded the headquarters of the Central Bank of Nigeria (CBN) in...

Sit-at-home: South-East micro businesses lost estimated N4.6trn in 52 weeks – investigation

MICRO businesses in Nigeria's Southeastern states lost an average of N4.618 trillion ($10.495 billion) in one year to the sit-at-home order that the Indigenous...

Fiscal rascality, not Emefiele, responsible for Nigeria’s monetary problems – Peter Obi

PRESIDENTIAL candidate of the Labour Party (LP) Peter Obi has said fiscal rascality, rather than Central Bank of Nigeria (CBN) governor Godwin Emefiele, is...
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South-East Nigeria pays heavy price – for Monday sit-at-home exercise – (Part 1)

FOR many residents of South-East Nigeria, Monday is part of the weekend. Banks, shops, transport companies, churches, schools and government offices are under lock...

NNPCLtd confirms oil discovery in Nasarawa, commences exploration March

THE Nigerian National Petroleum Company Limited (NNPC Ltd) is set to start drilling the first oil well in Nasarawa State in March 2023, in...

2023: Economic indicators portend challenging time for businesses

ECONOMIC indicators are pointing to a challenging time for Nigerians in 2023. The President Muhammadu Buhari administration, left with barely six months in office,...
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Here are ways redesigning the naira notes will affect you

THE Central Bank of Nigeria's (CBN) redesigning of select...