The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the Nigerian economy has stability. He disclosed this at the press briefing at the end of its 300th Monetary Policy Committee meeting on Tuesday. According to him, investors’ confidence in the Nigerian economy has improved over the past eighteen months. Responding to questions […]
Nigerian economy stabilising — CBN Governor, Cardoso Read More »
The Central Bank of Nigeria says the stage in Nigeria’s economic transformation roadmap shows the country is currently in the … source
CBN Gov. Cardoso Says Economic Prosperity Underway Read More »
The International Monetary Fund, IMF, has said in its forecast that South Africa may topple Nigeria as Africa’s biggest economy. According to the IMF World Economic Outlook, South Africa, the most industrialised country on the African continent, is striving towards achieving $401billion gross domestic product, GDP, in 2024. It, however, envisioned that based on current
South Africa may overtake Nigeria as Africa’s biggest economy — IMF Read More »
The International Monetary Fund, on Friday, said for Nigeria’s fuel subsidy removal policy and foreign exchange unification initiative to translate to economic growth and stability, the Federal Government must collect more taxes to fund the national budget and pay public debts. The IMF Africa Department Director, Abebe Selassie, made the position known during a press
IMF proposes more taxes, higher interest rates after subsidy removal Read More »
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Some Nigerians stormed the headquarters of the Central Bank of Nigeria (CBN) today to demand the resignation and arrest of CBN Governor Godwin Emefiele over the failed new naira notes policy. The protesters, wielding placards, were sighted on the premises of the apex bank, and noted that Emefiele had inflicted undue hardship on Nigerians, which
Protesters Storm CBN Headquarters, Demand Emefiele’s Arrest, Resignation Read More »
President-elect Asiwaju Bola Tinubu has promised to provide Nigerian workers with a “living wage” that exceeds the minimum wage. In a statement issued on May 1, 2023, to mark the Workers’ Day celebration, Tinubu pledged to prioritize social and economic justice for all Nigerians, including working people, and to collaborate with labor unions to achieve
President-elect Tinubu Vows to Provide Living Wage for Nigerian Workers Read More »
The Minister of Labour and Employment in Nigeria, Dr Chris Ngige, has revealed that he earns a monthly salary of N942,000 after tax and takes no allowance. He made this disclosure during an interview on Channels Television’s Politics Today program on Tuesday, April 25, 2017. According to Ngige, his gross salary is N1,058, 964.00, out
The Governor of Anambra State, Chukwuma Soludo, has threatened to cut salaries of workers who skip work on Mondays due to the sit-at-home order issued by the Indigenous People of Biafra (IPOB) in the South-East region of Nigeria (Punch, 2022). Governor Soludo issued the threat on May 1, 2023, while addressing Anambra State workforce at
The Presidency has released a 90-page fact sheet chronicling the high points of the Muhammadu Buhari-led government as it winds down on May 29, 2023. The fact sheet highlights the achievements of the administration in areas such as security, economy, anti-corruption, infrastructure, legislative matters, foreign affairs, sports, youth development, and many others. The fact sheet
Muhammadu Buhari’s Administration: A Comprehensive Overview of Achievements and Legacy Read More »
