Finance
Benue Assembly Cancels Lifetime Pensions for Ex-Governors and Deputies
The Benue State House of Assembly has repealed a controversial law that provided life pensions and extensive benefits to former governors and their...
Economists, IMF Raise Concern Over Senate Move to Amend CBN Act
Economic experts have raised concerns over a bill before the Senate seeking to amend the Central Bank of Nigeria (CBN) Act, 2007, saying...
Benin High Court Jails Resident for Spraying Naira Notes During Funeral in Police Barracks
A Federal High Court in Benin City, Edo State, has convicted and jailed Osazee Kenneth Imagbenikaro for spraying Naira notes during a funeral....
Nigeria’s GDP Slows to 2.98% in Q1 2024 -NBS
Nigeria’s Gross Domestic Product (GDP) growth rate slowed to 2.98% in the first quarter of 2024, down from 3.46% in the fourth quarter...
CBN Lays Off 200 Employees As Part Of Restructuring Effort
The Central Bank of Nigeria (CBN) has reportedly laid off approximately 200 employees across various departments in a restructuring move. The affected departments...
Bayelsa Lawyer Sues Nigerian Army Over Property Destruction, Demands N23bn
A Bayelsa State resident, Festus Daumiebi, has filed a N20.4 billion lawsuit against the Nigerian Army, Chief of Army Staff Lt. Gen. Taoreed...
Obaseki Signs Revised 2024 Budget, Raising It by 22% to N404bn
The Edo State Governor, Mr Godwin Obaseki, has signed a revised supplementary budget for 2024, amounting to N404 billion, which is a 22...
Naira Crisis: Teesside University Orders Dozens of Nigerian Students to Leave UK
Nigerian students at Teesside University in the United Kingdom are being expelled from their courses and instructed to depart the country due to...
Japan’s 10-Year Government Bond Yield Reaches 1% for First Time in 11 Years
The yield on Japan’s benchmark 10-year government bond briefly touched 1% on Wednesday, marking the first time it has reached this level in...
UK Inflation Drops to 2.3%, Lowest in Nearly Three Years
The UK’s inflation rate fell to 2.3% in April, the lowest level in almost three years, driven primarily by declining gas and electricity...
Reps Advocate Exemption of Military Personnel from Airport Tollgate Fees
The House of Representatives has passed a resolution advocating for a waiver for military personnel at all airports, exempting them from the payment...
IMF Advises UK To Cut Interest Rate To 3.5% By 2025
The International Monetary Fund (IMF) has suggested that the Bank of England reduce the UK’s interest rates to 3.5% by the end of...