Senate confirms Obiora as CBN Deputy Governor

By Kingsley Okoye The Senate on Thursday at Plenary confirmed the nomination of Dr Kingsley Obiora as Deputy Governor of the Central Bank of Nigeria (CBN). The confirmation of Obiora, followed the receipt of the report of the Committee on Banking and Insurance, and consideration of same at the Senate Committee of the Whole. President […]

Osinbajo presides over National Economic Council

By Chijioke Okoronkwo Vice President Yemi Osinbajo on Thursday presided over the National Economic Council (NEC) meeting at the Presidential Villa, Abuja. The vice president, by the provisions of Nigeria’s Constitution, is the chairman of NEC. This meeting is the second since the inauguration of President Muhammadu Buhari’s cabinet for the second term. The NEC meeting, held monthly, […]

Tell Buhari how he mismanaged economy, Ezekwesili urges new Economic Advisory Council

Oby Ezekwesili, a former presidential candidate, on Tuesday, urged the newly constituted Economic Advisory Council to make it a priority to tell President Muhammadu Buhari, how he has allegedly mismanaged the economy. Speaking via her verified Twitter handle, Ezekwesili pointed out that theEconomic Advisory Council system was copied from the American presidential system. She also […]

Why I entrusted women with nation’s treasury – Buhari

Why I entrusted women with nation’s treasury – Buhari By Ismaila Chafe President Muhammadu Buhari says placing women in strategic positions of his government, like the financial sector, is to ensure effective management of limited resources, and promote a stronger sense of inclusiveness. The president gave the insight into his preferred choice for Ministers of […]

The unemployment time bomb

The Minister of Labour and Employment, Dr. Chris Ngige, recently revealed that the nation’s unemployment rate may reach 33.5 per cent in 2020. The minister who disclosed this in Abuja at a workshop on “Breaking the Resilience of High unemployment rate in the country” described the nation’s unemployment rate as ‘alarming.’ Latest figures from the […]

Minimum wage: Consultation moves to Council of State Tuesday

Juliana Taiwo-Obalonye, Abuja The National Economic Council (NEC) has resolved to take consultation on the new N30,000 minimum wage being demanded by the organised labour to the Council of State, meeting on Tuesday, the Minister of Labour and Productivity, Chris Ngige has revealed. This is even as governors have insisted that payment of the new minimum […]

Nigeria to become 14th best global economy by 2050 – TETfund

The Executive Secretary of the fund, Dr Abdullahi Baffa-Bichi said this during an interactive session with members of the Buhari Support Political Group, “One 2 Tell 10’’, on Wednesday in Kano. According to him, indices of growth and development are manifesting following the sound and excellent economic policy introduced by the administration of President Muhammadu […]

Naira falls against dollar despite CBN’s intervention

The Naira on Friday suffered marginal loss against the dollar at the parallel market in spite of CBN’s intervention at the foreign exchange market. The Naira lost one point to exchange at N366, weaker than N365 traded on Thursday, while the pound sterling and the Euro closed at N468 and N412, respectively. At the Bureau […]

External reserve drops by $50m as .as Naira rises to N383/$

By Babajide Komolafe The nation’s external reserve on Monday dropped by $50 million, the first time in six weeks. Since March 28th, the external reserve has been on the upward trend rising from $30.3 billion to $30.983 billion Friday last week. Data posted by the CBN on its website show that the rising trend was […]

60 Entrants make Longlist for 1 Million Naira Recession Essay Prize

60 Entrants make Longlist for 1 Million Naira Recession Essay Prize Lagos-based international Graduate School, CIAPS (The Centre for International Advanced and Professional Studies) has announced a the first set of results for its 2016 Public Interest Essay Competition aimed at studying the Nigerian Recession and finding solutions to it. According to a statement on […]

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