Experts warn FG: Avoid reckless money printing to fund deficits

It’s untrue we printed N60b, FG replies Obaseki Seek alternative funding options as country risks falling into hyperinflation Senate summons minister, AGF over N7.5b secret withdrawals Five days after Edo State Governor, Godwin Obaseki, released a bombshell, saying Nigeria was in huge financial trouble after the Federal Government allegedly printed N60 billion as part of […]

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Nigeria in trouble without restructuring – Gani Adams

Aare Ona Kakanfo of Yorubaland, Gani Adams, has said Nigeria is in serious jeopardy without restructuring. He spoke in Lagos at the launching of “Roundtable discussion on economy and restructuring in Nigeria” by National Pilot Books, a subsidiary of National Pilot Newspapers. He said he is reluctant to speak about restructuring “because the prevailing view […]

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Fresh concerns over loans burden from China

President Muhammadu Buahari and President Xi Jinping China’s secrecy clause to loans poses problems, says study Exposure to EXIM Bank increased by over 2000% in eight years Lawyers defend legislative scrutiny, sovereign immunity clause As Nigeria and China this year mark their golden jubilee of official relations, there are growing fears over the imbalanced relationship, […]

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Shoprite sells Nigerian business to property company

A Nigerian property company will be taking over Shoprite’s local business in Nigeria, Reuters reported on Wednesday, citing multiple sources. Persianas is buying Shoprite’s Nigerian business after the South African retailer decided to retreat from other African markets. Shoprite, with more than 2,300 stores across Africa, is awaiting regulatory approval on the sale of its […]

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JAMB scraps use of email for UTME, DE registration

The Joint Admissions and Matriculation Board (JAMB) has said the use of email is no longer required for registration processes for Unified Tertiary Matriculation Examination (UTME) and Direct Entry (DE). Its Registrar, Prof. Is-haq Oloyede, said email addresses of applicants will only be requested at the successful completion of the registration to access information on […]

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Arapaja’s victory signals off new PDP – Makinde

Fayose says: ‘We’ve won together’ By Banji Ayoola Leader of the Peoples Democratic Party, PDP, in the Southwest and Oyo State Governor Seyi Makinde has declared that the successful completion of the party’s congress in the zone signals off the process of rebuilding the party. He spoke following the Southwest zonal congress of the party, […]

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Saraki’s presidential campaign posters flood Abuja

Posters of the immediate past Senate President, Dr. Bukola Saraki, were sighted in conspicuous areas of Abuja on Tuesday, fueling speculations that he might soon declare his intention to contest the 2023 presidential election. Our correspondent sighted some of the posters at the Wuse area of the nation’s capital and at the national secretariat of […]

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