The Minister of Information and Culture, Alhaji Lai Mohammed says the hosting of the UNWTO global confab in Lagos is an affirmation of Nigeria’s position as a trusted business hub and a safe harbour for capital, talent and intellectual property.…
Nigeria’s inflation rate jumped to a 17-year high of 21.09% in October 2022, representing a 0.32% point increase from 20.77% recorded last month. This is coming as food inflation in October 2022 increased to 23.72% from 18.34% in the corresponding…
The Chairman House of Representatives Committee on Anti-Corruption, Shehu Garba has said Nigerian government finances are drowning due to fuel subsidy payments. Garba made this disclosure in a Channelstv interview monitored by Newsmen on Thursday, explaining the implications of petrol…
The severe fuel scarcity ravaging Zamfara State has caused a surge in the cost of living in Zamfara as traders lament low patronage and increased prices of commodities. Newsmen reports that many residents of the state now trek long distances…
Ghana’s inflation figure jumped to a 40.4 percent high in October compared to 37.2 percent last month. This was revealed in a statement by Ghana Government Statistician, Mr. Samuel Annim, on Wednesday. By implication, the figure will impact the pressure…
E-commerce giant, Amazon has announced it would temporarily put a stop to hiring more employees due to an uncertain and challenging economy. This is according to the note shared with workers on Wednesday and published on Thursday. Amazon executive Beth…
A coalition of over 73 civil society organisations in Northern Nigeria under the auspices of Concerned Northern Forum (CNF), has opined that the move, as announced by the Central Bank of Nigeria (CBN) Governor, to redesign and print new currency…
The Management of Kwara State Internal Revenue Service, KWIRS, says it generated a sum of N3.9billions as Internal Generated Revenue (IGR) between 2019 to 2021. Also, the State-owned revenue collection agency debunked allegations against its Chief Executive, Mrs Shade Omoniyi.…
Omoyele Sowore, the African Action Congress presidential candidate, has said redesigning the naira would not reduce insecurity in the country. Sowore said kidnappers would start demanding ransom in foreign currencies with the new policy of the Central Bank of Nigeria,…
Following the proposed move by the Central Bank of Nigeria, CBN, to redesign Naira notes, the Senior Pastor of Awaiting The Second Coming Of Christ Ministry, Adewale Giwa, has warned that it will set the country backwards. According to Giwa,…
