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Economy

It’s always about the economy, stupid…

Economy

Nigerian Employers Assocation Demands Reversal Of CBN’s Directive On N50 Stamp Duty

News Release -
Nigerian Employers Consultative Association, NECA, has expressed serious concern over the recent directive of the Central Bank of Nigeria, CBN, to all Deposit Money...
Economy

It Gets Worse: Fixed Income Market Turnover Dropped By N2.7 Trillion In December

Vanguard -
Total turnover recorded in the fixed income and currency market declined by N2.66 trillion in December to settle at N7.42 trillion, reflecting the dwindling...
Economy

Failing Economy: Devaluation Could Trigger Banking Sector Crisis

Vanguard -
Nigerian Banks are projected to suffer more from another devaluation should the CBN concede to pressure to devalue the naira. The banks will suffer...
Economy

FG Removes Kerosene Subsidy, Increases Price From N50 To N83 Per Litre

Agency Reports -
NAN - The Petroleum Products Pricing Regulatory Agency (PPPRA)‎ has increased the price of Household Kerosene from N50 to N83. This is contained in...
Economy

DICTATOR: How Buhari Almost Sacked 2 Ministers For Disagreeing With UAE Terms

News Desk | The Trent -
Nigeria's Ministers for Finance, Kemi Adeosun and Trade and Investment, Udo Udoma were reportedly close to being sacked by President Muhamadu Buhari for strongly...
Economy

All The Things That Cost More Than A Barrel Of Crude Oil… Including A Barrel (VIDEO)

The Independent UK -
Not everyone agreed with the RAC when it said that petrol could become cheaper than bottled water. RAC wagered that if the price of oil...
Business

Nigerian Banks To Charge N1 For Every N1000 On Current Account Transactions

Julius Okeke | Political Reporter -
In a bid to generate revenue for deposit money banks, the Central Bank of Nigeria (CBN) has introduced a maintenance fee on current account...
Economy

Buharinomics Is ‘Height Of Foolishness’ – Financial Times UK

Wires | The Trent -
Nigeria plans to create a $25 billion fund with public and private financing to modernize infrastructure and avoid a recession. Copying Venezuela’s exchange rate policy...
Economy

FG Imposes N50 Stamp Duty On Every Bank Deposit You Receive

Ekemini Ekwere | News Reporter -
The Federal Government on Tuesday, January 19, 2016 imposed stamp duty of N50 on all bank customers for money received into their accounts. This means...
Economy

Oil Prices To Tumble As Low As $5 A Barrel As Iran Floods Market

Chukwudi Nwokoye | Op-Ed Contributor -
Oil prices would tumble some more. The US just lifted sanctions on Iran and Iran is eager to pump her oil into the world...
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