Budget deficits, low revenue responsible for rising debt – DMO
May 14, 2023 The Debt Management Office (DMO) says decades of operating budget deficits by successive governments is responsible for Nigeria’s high debt profile. The Director-General of the DMO, Patience…
NDE registers unemployed persons in Nigeria
May 12, 2023 The National Directorate of Employment (NDE), has embarked on registration of all unemployed people in Nigeria with a view to engaging them in productive ventures. The Enugu…
CBN is cause for passport scarcity- Immigration ServiceÂ
The Nigerian Immigration Service (NIS) has blamed the scarcity of International passport booklets on the Central Bank of Nigeria (CBN) policy on forex. The Comptroller-General of the service, Mr Idris…
EX-NNPC GMD sues EFCC, CBN, GTB over alleged non release of $9.8m
April 28, 2023 Andrew Yakubu, former Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), has sued the EFCC, the Central Bank of Nigeria (CBN) and the Guarantee Trust Bank…
Malami says allegation of losing $2.4bn from crude oil sale to China baseless, unfounded
April 27, 2023 …Appears before Reps Committee The Minister of Justice and Attorney General of the Federation (AGF) Abubakar Malami has dismissed claims that Nigeria lost over 2.4 billion dollars…
Economy, Inflation Management And Naira Redesign; By Arize Nwobu
Economy is the life blood of a people. The state of the economy determine the level of happiness or sadness of majority of citizens, and can also influence the degree…
Lottery Commission launches verification platform, reads compliance riot act to operatorsÂ
April 4, 2023 The National Lottery Regulatory Commission (NLRC) has launched a National Premium Identity Verification Platform (NPIVP) to provide identity of lottery operators in Nigeria’s lottery industries. In a…
Nigeria’s debt stock hits N46trn, as debt-to- GDP remains within limits – DMO
March 30, 2023 …Excludes N22 trillion FG’s indebtedness to CBN Nigeria’s total public debt stock as at Dec. 31, 2022 stands at N46.25 trillion (103.11 billion dollars). This is according…
If I were Tinubu – Part3: Setting a Tinubunomic agenda ( Part 5), By Segun Adeleye
INFORMATION AND STRATEGIES When we consider that communication as simply the act of transferring information from one place, person or group to another, one may think that it should be…
Analysis: Economic Challenges and Dynamic Policies of CBN, By Arize Nwobu
The challenges of the Nigerian economy seems to be intractable due to the following factors, namely, over reliance on oil which discouraged effective diversification, committal of the ‘original sin’, which…