‘Tinubu’s reforms may double GDP growth next year’ — CBN deputy governor counters KPMG Nigeria
Kingsley Obiora, the deputy governor of the Central Bank of Nigeria, says the policies being implemented by President Bola Tinubu may double the country’s economic growth from 3 percent next year. Obiora spoke on Monday in an interview with Bloomberg. In his inaugural speech on May 29, President Bola Tinubu set a target to […]
‘Worldwide markets applauding FX rate unification’ — Airtel chair hails Tinubu
Sunil Bharti Mittal, chairman of Bharti Airtel Worldwide, has hailed the decision of President Bola Tinubu to eliminate multiple foreign exchange (FX) rates. During his inaugural speech on May 29, Tinubu said he would work towards a unified exchange rate. Two weeks after the speech, the Central Bank of Nigeria (CBN) announced […]
Only presidential poll results failed to upload on IREV, INEC presiding officers tell court
Three witnesses who served as presiding officers for the Independent National Electoral Commission (INEC) during the February 25 polls say only the results of the presidential poll failed to upload into the commission’s result viewing portal (IREV). The witnesses on Monday, appeared before the presidential election petition tribunal in Abuja. Led in […]
FG resumes negotiations with NLC, TUC over petrol subsidy removal
The federal government has resumed negotiations with the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) on measures to alleviate the impacts of the removal of the petrol subsidy on Nigerians. On June 5, the labour unions suspended their planned strike to protest the removal of petrol subsidy after a meeting […]
PHOTOS: Tinubu meets Dangote, Bill Gates, promises to prioritise health of Nigerians
President Bola Tinubu on Monday, held a meeting with Aliko Dangote, president of Dangote Group, and Bill Gates, co-chair of the Bill and Melinda Gates Foundation, at the Aso Rock Villa, Abuja. The visit was part of the Gates Foundation’s commitment to working with leaders and partners to support innovation that can help […]
EXTRA: Beneficiaries of student loans in other countries are committing suicide, ASUU claims
The Academic Staff Union of Universities (ASUU) says the federal government should convert the student loan act to a grant. Speaking on Channels Television on Monday, Emmanuel Osodeke, ASUU president, said the federal government should have considered room for a collective bargain from all sides before signing the bill into law. Osodeke […]
Tinubu heads to France for financial pact summit — first official trip as president
President Bola Tinubu will on Tuesday depart for Paris, France to attend the summit for a new global financial pact. The two-day summit seeks to explore “opportunities to restore fiscal space to countries that face difficult short-term financial challenges”. Dele Alake, the president’s special adviser on communications and strategy, announced the proposed […]
PenCom: Disengaged workers withdrew N12.72bn from pension fund in Q1
The National Pension Commission (PenCom) says 13,126 disengaged workers withdrew N12.72 billion in the first quarter (Q1) of 2023. The disbursement data is contained in the agency’s Q1 report for the year. PenCom said the withdrawals aligned with the pension regulation act which allows any disengaged worker to access 25 percent of […]
CBN’s domiciliary account policy, food prices… 7 business stories to track this week
Here are the seven top business stories you need to track this week — June 19 to June 23. NBS REPORT The National Bureau of Statistics (NBS) is expected to release a report on automotive gas oil (diesel) and liquefied petroleum gas (cooking gas) prices for May 2023. The bureau also […]
ICYMI: Ikoyi $43m affair ends as EFCC withdraws court case on ‘national security grounds’
The Economic and Financial Crimes Commission (EFCC) has terminated the money laundering case filed against Ayo Oke (pictured), former director-general of the National Intelligence Agency (NIA) over the discovery of $43 million, £27,000 and N23 million in an Ikoyi flat. On Friday, June 9, Chukwujekwu Aneke, the presiding of the federal high court […]