COVID-19 darkening economic prospects in developing countries, IMF warns

The ongoing hit from the Covid-19 pandemic and the failure to distribute vaccines worldwide is worsening the economic divide and darkening prospects for developing nations, the IMF said Tuesday. Global…

JUST IN: Naira Crashes Further At Official Market Over High Demand

The exchange rate between the naira and the US dollar closed at N414.90/$1, at the official Investors and Exporters window. This online news platform understands that the Naira depreciated against…

NIGERIA WOULD HAVE BEEN IN TROUBLE IF I DIDN’T CLOSE BORDERS —BUHARI

President Muhammadu Buhari, at a bilateral meeting with Mark Rutte, Prime Minister of the Netherlands, in New York, says Nigeria would have been in serious trouble if he did not…

COVID-19: 20% of Nigeria’s workforce lost employment in 2020 — Report

The United Nations Development Programme (UNDP) and the National Bureau of Statistics (NBS), said 20 per cent of Nigeria’s fulltime workforce lost employment during the COVID-19 pandemic in 2020. Both…

BREAKING: CBN orders banks to publish details of Forex defaulters

The Central Bank of Nigeria (CBN) has ordered banks across the country to publish names and Bank Verification Number (BVN) of customers who circumvent Forex acquisition rules on their website.…

World Bank rules out Nigeria as beneficiary of debt suspension initiative

World Bank has ruled out Nigeria as one of the beneficiaries of its debt suspension initiative established by G20 countries. This was contained in a statement published on Wednesday on…

Auditor-General says MDAs misappropriated N4.97tn in 2019

The Auditor-General of the Federation (AuGF), Mr. Adolphus Aghughu, has stated that Ministries, Departments and Agencies (MDAs) of the Federal Government misappropriated a whopping sum of N4.97 trillion in 2019.…

LEAKED: Bill targeting startups reveals scheme of licenses, fees, fines, jail terms

A leaked bill for Nigerian startups reveals a theme of licenses, fees, fines and sentences For a while, there have been talks about revamping the outdated 2007 Act of Nigeria’s…

PIB: DO NOT WITHDRAW FUEL SUBSIDY:- HURIWA WARNS OF HIGH CRIME RATE IF

The federal government is hereby urged to take another look at their Sinister plots to withdraw subsidy from petroleum products in the Country as a result of the signing into…

CBN set to launch digital currency, ‘e-naira’, in October

The Central Bank of Nigeria has announced plans to launch its own crypto currency, called the “e-naira”, in October. This was announced by the Central Bank Governor, Godwin Emefiele on…