Utomi Blames Rent-Seeking, Selfish Elites For Nigeria’s Poverty
By Adekunle Peters Political economist, Prof. Pat Utomi, has said Nigeria remains poor despite its vast endowments because its elites…
Category: Economy
UK govt confirms KOI herpesvirus outbreak, bans fish movement
The United Kingdom has confirmed an outbreak of the deadly Koi herpesvirus (KHV) disease at a fish farm in Aspley…
Many Nigerians prefer to pay tithe, give to ‘Daddy G.O.s’ rather than pay taxes – Odior
The Chairman of the Edo Internal Revenue Service (EIRS), Mr. John Odior, has stated that many Nigerians prioritize giving financial…
UNIBEN Don urges FG, States to adopt fiscal policy to grow economy
By Monday Ajogun, Benin A Professor of Economics and Statistics at the University of Benin (UNIBEN), Prof. Peter Sede, has…
Economic Development: Entrepreneur Sets To Provide Forex Education, Real Estate Services Nationwide
Determined to join hands with the government to grow the nation’s economy, a young entrepreneur, Timothy Aigbefoh, has launched…
BLOOMBERG: Nigeria Pays Off IMF’s $3.4 Billion Covid Loan to Exit Debt List
Nigeria’s Finance Minister, Wale Edun, has confirmed that the $3.4 billion borrowed from the International Monetary Fund (IMF), during the…
AfDB President Adesina Bemoans Nigeria’s GDP Decline, Poor Fiscal Discipline
President of the African Development Bank (AfDB), Akinwumi Adesina, has expressed deep concern over Nigeria’s economic growth, describing it as…
Nigeria’s Inflation Soars To 24.23% In March
By Adekunle Peters Latest figures from the National Bureau of Statistics (NBS), has painted a grim picture of Nigeria’s inflation crisis deepened…
CBN Denies Introducing ₦5,000, ₦10,000 Banknotes
By Funmilayo Akinyemi The Central Bank of Nigeria (CBN) has denied plans to introduce new ₦5,000 and ₦10,000, as suggested…
Naira Gains ₦29.89 As CBN Moves to Stabilise Market
Nigeria’s currency, the ₦aira staged a strong comeback on Friday, appreciating by 1.9% to close at ₦1,517.93 per Dollar in…
