By David Adenekan TO START WITH, no country in the world has floated its local currency the way President Bola Ahmed Tinubu did. As clueless as we might thought former President Mohammadu Buhari was, he refused to float the naira, because of the negative effect on prices of goods and services, hyper-inflation. However, been as […]
By Ajibola Olaide, JKNMedia Reporter CONTINUING with its restructuring efforts, the Central Bank of Nigeria (CBN), has dismissed 40 staff members, primarily from the Development Finance Department (DFD), in a move that brings the total number of affected employees to 67. This decision, spearheaded by the CBN Governor Yemi Cardoso, is part of t...
By Joke Kujenya, JKNMedia AMID the 148th Assembly of the Inter-Parliamentary Union (IPU), Nigeria’s delegation, led by Senate President Godswill Akpabio, embarked on discussions with the World Trade Organization (WTO) to explore avenues of collaboration for the advancement of the nation’s digital and marine economies. During a courtesy visit t...
By Ajibola Olaide, JKNM reporter THE NATIONAL Bureau of Statistics (NBS) has released data indicating a significant increase in the cost of refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) in February 2024. According to the report, the average price surged to N6, 154,50, marking a 19.75% rise from January 2023’s price of [&hel...
THE FEDERAL Government has initiated legal proceedings against Binance, a prominent cryptocurrency exchange platform, over allegation of tax evasion. The charged were officially filed at the Federal High Court in Abuja by the Federal Inland Revenue Service (FIRS) in a bid to uphold fiscal responsibility and safeguard Nigeria’s economic integri...
DURING a budget defense session with the House of Representatives Committee on Port and Harbour in Abuja, Mr. Mohammed Bello-Koko, Managing Director of the Nigerian Ports Authority (NPA), unveiled projections for the agency’s revenue in 2024, aiming for a substantial N629.89 billion. He also disclosed plans to secure a N200billion loan from Af...
