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Economy

Stop Giving Bailout To States – Dangote Tells FG

Aliko Dangote, foremost business man and richest man in Africa, has said that the federal government should stop giving out bailout to states, insisting...

Reuben Abati: Confronting The Curse Of Crude Oil

The monthly federation accounts allocation committee, FAAC, meeting was held the other day in Abuja, with the representatives of state governments again cap in...

TSA Compliance: CBN Slams N3.2 Billion Fine On UBA, Zenith, GTBank, Sterling Banks (DETAILS)

The Central Bank of Nigeria (CBN) has slammed a fine of N3.2 billion on three Nigerian banks for committing various regulatory offenses. According to Punch,...

Buhari’s Economy: Iberia Airline Pulls Out Of Nigeria Because Of Forex Restrictions

The foreign exchange scarcity has forced the Spanish airline, Iberia, to suspend flights to Nigeria from May 12, 2016. Though the national carrier of Spain...

Tension As Ijaw Youth Threaten To Shut Productions Over Tax Evasion By Oil Majors

There is tension among workers and management of Shell Producing and Development Company (SPDC) in Port Harcourt and Lagos, as youths in Bayelsa State...

Opinion: Nigeria Needs To Bring Back Okonjo-Iweala To Manage Our Economy

by Femi Hassan The nation is currently facing an economic crisis due to a plethora of issues. From the fall in oil prices, to the...

‘Rock Bottom’: Nigeria’s Federation Account Hits Lowest Balance In HISTORY (CLICK)

It’s official: Nigeria’s central pot, the federation account, has hit one of its lowest balances in the history of the country. Kemi Adeosun, minister of...

Governor Dickson Writes Buhari, Says Multinational Oil Companies Evade Tax

The acrimony between Bayelsa State government and multinational oil companies deepened on Thursday with Governor Henry Seriake Dickson, seeking the intervention of the Presidency...

China Will Start Importing From Nigeria In New Deal – Emefiele

The Governor of the Central bank of Nigeria (CBN), Godwin Emefiele, has said the Federal Government was talking with China so it would also...

How Buhari’s Economic Policy Is A Petri Dish For Corruption [New York Times]

The collapsed price of oil is putting pressure on oil exporters around the world, from Canada to Kuwait. But perhaps no country is less prepared to...

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