By Bola BOLAWOLE THE WOMAN looked askance as she was told the latest prices of the food items she had come to the market to buy. “Everything too cost”, she moaned. Another woman haggling with the next seller interjected: “No be say dem too cost; na every day dem price too dey go up.” “Every […]
By Jemimah Wellington, JKNMedia Reporter FINANCE MINISTER Wale Edun announced significant improvements in Nigeria’s fiscal management. He revealed that the country’s debt service ratio dropped from 97% in June 2023 to 68% in 2024. This reduction allows the government to allocate more funds to infrastructure, education, healthcare, ...
By Joke Kujenya A SERIES of economic measures were announced President Bola Tinubu on Thursday aimed at stabilizing the economy, creating jobs, and ensuring economic security. He introduced these initiatives at the inauguration of the Presidential Economic Coordination Council (PECC), which will run alongside the recently launched National Con...
By Joke Kujenya A SIGNIFICANT improvement has been announced in the country’s economic indicators, revealing a 15% reduction in total debt stock in US dollar terms for the first quarter of 2024. The announcement came via the Finance Minister, Wale Edun, after a Federal Executive Council (FEC) meeting presided over by President Bola Tinub...
By Joke Kujenya FURTHER INSIGHTS have been provided on Nigeria’s public debt which surged from N97.34 trillion in December 2023 to N121.67 trillion in March 2024 as elucidated by Patience Oniha, the Director-General of the Debt Management Office (DMO). Speaking on the need to shed more light and attributing this increase largely to exchange ra...
By Jemimah Wellington, JKNMedia Reporter A SERIES of strategic initiatives aimed at creating an investment-friendly environment has been designed to lure back production factories and stimulate economic growth as revealed by Rivers State Governor Siminalayi Fubara. Speaking on Wednesday at the Rivers State Economic and Investment Summit (RSEIS...
By Bolanle BOLAWOLE ONCE IN awhile I visit the newsstand to feel the pulse of the people. The People’sParliament is what some call it. When I gotthere last Thursday, I met them discussing the Ebora Owu. “Don’t mindBaba. Age is telling on him. We tried the parliamentary system; we tried themilitary; we tried […]
By Joke Kujenya THE GOVERNOR of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has indicated the institution’s commitment to maintaining high interest rates until inflation recedes, relying on orthodox policies to achieve this goal. In an interview with the Financial Times, Cardoso, who chairs the Monetary Policy Committee (MPC), em...
By Joke Kujenya THE Central Bank of Nigeria (CBN) has directed all the banks operating within the country to impose a cybersecurity levy on transactions. In a circular released on Monday, May 7, the apex bank stated that the implementation on the levy would begin two weeks from the date of the circular. The circular […]
By Blessing Obam, JKNMedia Reporter ALL Point-of-Sale (PoS) operators in the country have been mandated to register their businesses with Corporate Affairs Commission (CAC) within a two-month period. This directive was handed down by the Central Bank of Nigeria (CBN) and came following a meeting between Fintechs and the Registrar-General/Chief...
