The House of Representatives is set to invite top manufacturers Aliko Dangote, Rabiu Abdulsamad, among others, to appear before them for deliberation on ways out of the hardship arising from the high cost of the product. The House resolution was a sequel to the adoption […]
Economy
Tinubu names new South East nominee on CBN board
President Bola Tinubu has sought Senate’s confirmation for Ruby Onwudiwe as a replacement for Dr Kalu Eke, who declined the President’s nomination as a member of the Board of Directors of the Central Bank of Nigeria. Kalu had declined the President’s appointment due to his […]
Osun to boost cocoa production to drive economic diversification — Adeleke
Governor Ademola Adeleke of Osun has said the state was resolved to contribute significantly to Nigeria’s economic diversification by boosting cocoa production and export. A statement by Malam Olawale Rasheed, the governor’s spokesman, and made available to newsmen on Wednesday in Osogbo, quotes Adeleke as […]
What LGAs Received In 2023 From The Nigeria’s Federation Account
17 Abia State LGAs received ₦46.5bn, on the average, each LGA received ₦2.74bn 21 ADAMAWA LGAs: ₦62.3bn | ₦2.97bn 31 AKWA IBOM LGAs: ₦83.6bn | ₦2.70bn 21 ANAMBRA LGAs: ₦66.5bn | ₦3.17bn 20 BAUCHI LGAs: ₦69.6bn | ₦3.48bn 8 BAYELSA LGAs: ₦30.5bn | ₦3.82bn 23 […]
HUNGER PROTESTS: IGBO SILENCE IS A PROTEST(A Reply to Prof Usman Yusuf)
By Law Mefor A few days ago, Ndigbo came under fire from Professor Usman Yusuf, the former Executive Secretary of the National Health Insurance Scheme (NHIS), for their perceived lack of interest in the ongoing nationally spreading hunger protests and strikes. He said: “I honestly […]
VENEZUELA AND NIGERIA’S ECONOMIC CRISES: THE TROUBLING SIMILARITIES
By Law Mefor President Bola Tinubu recently declared that he should be included in the Guinness Book of Records for having the guts to remove fuel subsidy on his first day in office—something that no other Nigerian president has ever done. Yes, he does deserve […]
“It’s Not Socialism”: China is a Capitalist Cheap Labour Economy, Based on Exceedingly Low Wages
Unlimited Reserves of Cheap Labor: 292 Million “Internal Migrant Workers” – BY MICHEL CHOSSUDOVSKY IntroductionMost analysts and historians fail to understand that starting in the early 1980s, China had become a full fledged capitalist country. There are powerful US business interests including Big Pharma, major […]
NNPC Remittance: Atiku condemns CBN’s takeover of crude oil sales
…Says action threatens operational efficiency of NNPC Ltd Presidential Candidate of the Peoples Democratic Party (PDP) in the 2023 General elections and former Vice President, Atiku Abubakar, has condemned the recent directive for Central Bank of Nigeria (CBN) to take over the responsibility for crude […]
‘Helps with transparency’ — Moghalu praises decision to transfer NNPC’s revenue to CBN
BY BUSOLA ARO Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), has praised the decision to transfer revenue of the Nigerian National Petroleum Company (NNPC) Limited to the apex bank. Moghalu’s comment followed the announcement by Olayemi Cardoso, governor of CBN, […]
Ignore Noise From Northern Politicians And Proceed With Relocation Of Central Bank Departments From Abuja To Lagos, Sanusi Tells CBN Gov
SaharaReporters earlier reported that the Arewa Consultative Forum (ACF) kicked against the relocation, describing it as a deliberate plot against the Northern region. The dethroned emir of Kano and former Central Bank of Nigeria’s Governor, Muhammadu Sanusi has defended the relocation of some departments of […]