Economy

Economy

It’s always about the economy, stupid…
Rivers, Fuel, Navy, Refineries, Discover

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The highest ever reported crude oil theft in the world has taken place in Nigeria with the country recording approximately 400,000 barrels per day...

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The Nigeria Extractive Industries Transparency Initiative, NEITI, on Sunday, September 22, 2019, disclosed that N28.58 trillion was remitted to the Federation Account between 2012...
Nigeria's President Muhammadu Buhari

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Hafez Ghanem, the world bank’s vice-president for Africa, says the lender is in talks with the Nigerian government for a $2.5 billion concessionary loan. Ghanem...
Godwin Emefiele, CBN, Skye Bank, Shehu Mikail, Boniface Okezie

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The Central Bank of Nigeria has directed the strict implementation of Merchant Service Charge, which would impose more charges on all point of sale,...
Nigeria's President Muhammadu Buhari

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The Federal Executive Council, FEC, has approved an increase in value added tax, VAT, rate from 5 percent to 7.2% percent Zainab Ahmed, the minister...
Godwin Emefiele, CBN, Skye Bank, Shehu Mikail, Boniface Okezie

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To increase retail credit and curb the rising cases of non-repayment of such facilities, bank customers, who take loans but default in paying back,...
holiday season shopping

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Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent Value Added Tax, VAT, on goods bought...
CASH cashless society cash POS phone payment

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The decision is currently being considered by the Australian lawmakers. This bill would ban any transactions amounting to AUD$10000 or more that are made...
NNPC A petrol station during fuel scarcity in Abuja tanker

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Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, on Wednesday, July 31, 2019, issued a seven-day strike notice to the Federal Government to...
Godwin Emefiele, CBN, Skye Bank, Shehu Mikail, Boniface Okezie

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The banking industry lost N15.15 billion to cases of fraud last year, indicating an increase of 539 per cent when compared to the N2.37...

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Bukola Saraki

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Bukola Saraki, a former senate president, has on Monday, October 21, 2019, stated that his attention has been drawn to an order said to...
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