Finance
Pandemic Impact: Global Debt Reaches New Record High Of $315 Trillion
A recent report from the Institute of International Finance (IIF) reveals that global debt has reached $315 trillion, marking the most significant, quickest,...
Kenyan President Defends Cost of Private Jet for U.S. Trip
Kenyan President William Ruto defended the cost of hiring a private jet for his trip to the United States, stating it was $76,000,...
Pound Sterling Reaches 21-Month High Against Euro as UK Rate Cut Hopes Fade
The pound sterling has reached its highest level against the euro since August 2022, trading at £0.8482 per euro on Wednesday. This marks...
House Of Reps To Probe CBN Over Mass Dismissal Of 600 Staff
The House of Representatives is set to investigate the recent dismissal of about 600 employees by the Central Bank of Nigeria (CBN). This...
Decreased Dollar Demands: Naira Appreciates To N1,339.33/$1 On Official Market
The Nigerian Naira experienced a significant appreciation against the US Dollar in the official market, closing at N1,339.33/$1 on Monday. This marks a...
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The Benue State House of Assembly has repealed a controversial law that provided life pensions and extensive benefits to former governors and their...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...