Economy

Atiku said President Tinubu has failed to show any convincing policy moves his government is making to arrest volatility in the currency market and tackle Nigeria’s endemic poverty.     The presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general elections, Atiku Abubakar, on Sunday, said he …

The Nigerian Breweries Plc recently announced an upward price change for its Stock-Keeping Units (STUs) with effect from February 19.     “In appreciation of our great partnership and your commitment, we will deliver at the current prices all open orders that are fully funded and created in our system …

Catholic Bishops in the country, under the auspices of the Catholic Bishops’ Conference of Nigeria (CBCN), have told President Bola Tinubu that his policies are inflicting untold hardship on Nigerians.     The Bishops lamented that there is increasing hunger in the country, unemployment, kidnapping, general insecurity and other crimes are …

Bauchi State Governor, Bala Mohammed, has expressed worry over the worsening hardship caused by the nation’s declining economy.   Mohammed said the masses are experiencing hunger which is translating into anger, adding that inflation and food insecurity are contributing to the hardship. The governor made the remark on Friday during …

The Nigeria Labour Congress has declared a two -day national protest on 27th and 28th of February to demonstrate outrage on the mounting hardship and insecurity across the country.       The NLC said if its demands are not met after the nationwide protests, it would issue a seven-day …

The Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds to their mother companies overseas at once.     The apex bank said international oil companies can repatriate 50% of their proceeds in the first instance and then the other half after 90 …

The Debt Management Office (DMO) has said that the Federal Government is seeking to raise N2.5 trillion in its second bond auction of the year.   In a circular issued on Wednesday, DMO stated that the offerings consisted of N1.25 trillion with a maturity date of February 2031 and another …

President Bola Tinubu is currently meeting with governors and some security chiefs at the Council Chamber, Presidential Villa, Abuja, over the current hardships in the country.     It was reliably gathered that President Tinubu summoned the meeting in view of the economic hardship in the country as well as …

The Federal Government yesterday declared a staff of the Central Bank of Nigeria. CBN, Odoh Ocheme, and two other persons are wanted for allegedly forging the signature of former President Muhammadu Buhari to steal $6.2m cash from the apex bank.     In a letter addressed to the Assistant Inspector …

The Minister of Finance and coordinating Minister of the Economy, Wale Edun on Tuesday said that the nation economically is in a much better place than it was on May 29, 2023.   This is even as the minister assured Nigerians that President Bola Tinubu is committed to making life …