economic crisis
3 Jun
A chieftain of the New Nigeria People's Party (NNPP), Ambassador Olufemi Ajadi Oguntoyinbo, has called on President Bola Tinubu to accede to the Labour Leaders' request for a new minimum wage in the country to prevent economic collapse. Ajadi stated that the Labour Union's demand for a N494,000 minimum wage is reasonable given the current…
29 May
The Prime Minister of the United Kingdom, Rishi Sunak, has advised Nigerians and other foreign students studying in Britain that success in life does not have to be achieved by going to higher education. Sunak, in a short tweet on Wednesday, said, “You don’t have to go to university to succeed in life.” While Sunak…
15 May
Nigeria Development and Finance Forum (NDFF) has recommended 15 ways to achieve an impactful economy.
3 May
Civil society organisations (CSOs) across West Africa have blamed worsening economic conditions, authoritarian civilian governments, imperialism, manipulation of election results, corruption and weak judiciaries for citizens’ preference for military rules, especially in West Africa.
19 Mar
Nigeria is at a crossroads and Nigerians are trying to find the responses to an economic crisis and currency turmoil. Of course, all manner of symptoms keep appearing!
26 Feb
Nigeria’s economic situation has thrown up a big question – is the country at a crossroads or has a direction being taken? This stems from the lack of a clear-cut policy direction, leaving the economy in a free fall. The managers, on their part, appear like blind men groping in the dark as they search for the control board.
19 Feb
Phrank Shaibu, spokesperson for former Vice President Atiku Abubakar, has ignited a firestorm by accusing the Nigerian government of secretly reinstating petrol subsidies. This accusation, coupled with the government's deafening silence on the matter, has raised concerns about financial mismanagement and potential corruption. Shaibu's alarm bells, according to various reports, began ringing after reports emerged…
Latest
NOW
The Federal High Court in Abuja, on Friday, admitted the 109 foreign nationals allegedly involved in cybercrimes to bail in the sum of N1 billion. Justice Ekerete Akpan ordered that all 109 defendants must produce five sureties, each in the sum of N200 million for the five sureties. The sureties must, in addition, be residents…
39 mins ago
Kyiv on Friday said Russian authorities returned over 500 bodies of Ukrainian soldiers killed in combat, with most having died in the eastern Donetsk region. Russia and Ukraine have been exchanging bodies and prisoners of war since the first months of the conflict -- with casualties estimated to be high on both sides. "As a…
49 mins ago
Barcelona coach Hansi Flick on Friday said teenage winger Lamine Yamal will return after three weeks out with injury for this weekend's game against Las Palmas in La Liga. The 17-year-old has been sidelined since early November with an ankle problem and Barcelona have picked up just one point from the two league games he…
52 mins ago
Pep Guardiola says he is braced for the challenge of turning around Manchester City's fortunes after the worst run of his managerial career ahead of a daunting trip to runaway Premier League leaders Liverpool. City are without a win in six games, with five consecutive defeats followed by a 3-3 Champions League draw against Feyenoord…
55 mins ago
Nigeria’s Minister of Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani and Chair of the Board of Directors of the National Communications Authority of the Republic of Portugal (ANACOM), Prof. Sandra Maximiano have been appointed as co-chair for the global protection of submarine cable systems globally. The International Telecommunications Union (ITU) announced this…
1 hour ago
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to take urgent action and direct the Chief of Army Staff (CoAS) to secure the release of investigative journalist, Fisayo Soyombo, who has been detained by the 6 Division of the Nigerian Army in Port Harcourt, Rivers State. In a statement released…
1 hour ago
The Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim, has said that closing gender gaps will add ₦15 trillion to Nigeria's Gross Domestic Product (GDP) annually by 2025. She stressed the need for a renewed national commitment to creating a society where every woman, child, man, and boy can live free from fear and violence.…
1 hour ago
President Bola Tinubu on Friday congratulated Dr Ngozi Okonjo-Iweala, former Coordinating Minister for the Economy and Minister of Finance, on her unanimous re-election as the Director-General of the World Trade Organisation (WTO). Tinubu in a statement also assured Okonjo-Iweala of Nigeria's steadfast support as she consolidates her bold reforms, dedication to equitable global trade practices,…
1 hour ago
The Office of the Auditor General for the Federation (OAuGF) has uncovered over N3.203 trillion in financial infractions involving
1 hour ago
The Governor of Osun State, Senator Ademola Adeleke, has set December 2024 as the implementation date for the new minimum wage of N75,554, which was earlier approved. According to a statement shared by his Special Assistant on Digital Media, Olalekan Badmus, the state public servants will be paid one month's arrears. Badmus further revealed that…