Nigeria loses N8tr to FX arbitrage in three years

Realistic exchange rate will add N4tr to federation account in 2023, says Yusuf Ex-CBN Director: It’s not intervention but outcome of regulatory control Three years after, rate harmonisation still illusion FX inflow dwindle as dollar demand pressure continues From 2020 to last year, Nigeria lost, at least, N8 trillion to rent seekers who explore the […]

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Intimidation, finance, fear of vote-buying confront young candidates in 2023 election

With a few weeks to 2023 general election, there is a glaring decline in the number of youths contesting in the poll, even as young contestants are faced with challenges of trust, intimidation, finance and fear of vote buying. It was gathered that of the 15,336 candidates on the ballot in the elections, 4,398 are […]

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Nigeria ranks low in global real estate transparency index

Aerial view of Victoria Island, Lagos How country can improve on rating, by experts Nigeria has been scored low in the 2022 Global Real Estate Transparency Index (GRETI) released by JLL and LaSalle Investment Management. Out of 156 cities across 94 countries and territories covered globally, Nigeria was ranked 60. GRETI has been charting the evolution […]

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Nigeria must move from think-tank to do-tank, says Obasanjo

Former President of Nigeria, Chief Olusegun Obasanjo has said the next President must swiftly address the country’s security challenges, including banditry, and kidnapping and must move beyond think-tank. He said that no one will invest in a country plagued by insecurity and stability. He spoke on Thursday evening at a virtual engagement organised by Africa […]

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Tinubu vows to run private sector-driven economy

Says nothing wrong with budget deficit; fuel subsidy to go Court dismisses PDP suit seeking disqualification of Tinubu, Shettima Presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, yesterday unfolded his comprehensive economic plan before the organised private sector under the aegis of the Nigerian Economic Summit Group. He promised to channel […]

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Experts worry over Emefiele’s ordeals, insist on rule of law

Fourty-Two days to this year’s presidential election, concerned Nigerians have expressed worries over the ordeals of the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. Recall that the CBN governor has been having a running battle with the Department of State Services (DSS) over alleged trumped-up allegations of terrorism and sundry offences against him. Legal […]

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Inside Alaafin of Oyo’s deserted palace

Monarchs lament Oba Adeyemi’s absence Until the Alaafin of Oyo, Oba Lamidi Adeyemi II, joined his ancestors while undergoing treatment at the Afe Babalola University Teaching Hospital, Ado-Ekiti, Ekiti State on April 23 last year, his palace was always a beehive of activities. But all that has ceased with the palace shut as the ancient […]

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2023: Unsolicited calls to voters won’t stop Makinde’s defeat- Adelabu

Chief Adebayo Adelabu, the Accord Party’s governorship candidate in Oyo State, says the alleged unsolicited telephone calls by Governor Seyi Makinde’s campaign team to prospective voters in the state would not stop his defeat. This is contained in a statement issued by the Bayo Adelabu Campaign Organisation (BACO) on Saturday in Ibadan. The allegation was […]

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NSCDC hands over corpses to families of personnel killed by bandits in Kaduna

The Nigeria Security and Civil Defence Corps (NSCDC) Kaduna State Command, on Saturday handed over the remaining four corpses of its personnel killed by bandits to their families for burial. NAN reports that seven personnel and five others where killed by bandits in an ambush in Kuriga village in Birnin Gawri Local Government Area of […]

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