Forex crisis: Worry over policy inconsistencies as CBN brings back BDCs

– Why Naira is under attack, by ABCON president Policy inconsistencies of the Central Bank of Nigeria (CBN) continued unabated at the weekend with the reinstatement of Bureau de Change (BDCs) operators in the bid to stabilise the foreign exchange (forex) market. Indeed, bringing back the BDCs can help increase the supply of forex in […]

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Between reality shows and flawed education reward system

Favour Ohanekwu displaying his N100, 000 cheque as overall best graduating student of Obafemi Awolowo University It is hardly mentioned that scholars or geniuses make the top list of Forbes’ richest persons in the world, and it is becoming increasingly worrisome as the Nigerian society continues to place higher premium on vainglorious entertainment than academic […]

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Getting economy out of woods: Tasks before Wale Edun

With Nigeria’s fiscal stability at a breaking point and the 2023 budget dismissed as unimplementable, Collins Olayinka and Joseph Chibueze write that the new Minister of Finance, Wale Edun, has his job in the next one year clearly cut out. For Nigerians and stakeholders in the financial space, the main task before Wale Edun as […]

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Solid minerals sector needs revamp – Adeleke

Osun State Governor, Senator Ademola Jackson Nurudeen Adeleke has stressed that the solid minerals sector needs a dynamic overhauling and go beyond selling of raw materials to the development of value chains to get added earnings and redouble Nigeria’s Gross Domestic Product (GDP). He made the suggestion l on Monday in a statement by his […]

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Niger: Seven Nigerian states in dire straits, economic losses over border closure

• Perishable foods worth N40b lost in three weeks • Rice price soar from N30,000 to N55,000 per 50kg • Border closure splits couples, families • Reject war option against Niger, stakeholders say in final push Ripple effects of economic sanctions on the Niger Republic are rocking at least seven Nigerian states bordering the south […]

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FCT minister Wike vows to restore Abuja master plan, demolish illegal structures

L-R: Minister of Federal Capital Territory, Mr. Nyesom Wike (2nd); Minister of State, FCT, Dr. Mariya Mahmoud; and Permanent Secretary, FCT Administration, Mr. Adesola Olusade, during a press conference by the FCT minister in Abuja on Monday Minister of the Federal Capital Territory (FCT) Mr. Nyesom Wike says he will demolish all illegal buildings and […]

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Osun set to deliver 14,516 bags of rice, other FG palliatives to citizens

Governor Ademola Adeleke Osun State Government has concluded plans to deliver federal palliatives to residents of the state. Commissioner for Information and Public Enlightenment, Hon Kolapo Alimi, in a statement said the state is expecting the second batch of Federal Government’s food palliatives. Also, it it still awaits the last truck of 600 bags of […]

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