Nigeria will need 15 years to transform economy – World Bank VP
The World Bank says that Nigeria must sustain its current economic reforms over the next 10 to 15 years to position itself as a leading global economic power, not only in sub-Saharan Africa but worldwide.
Nigerians spend N9.5trn monthly on living expenses
By Biodun Busari The National Bureau of Statistics (NBS) said Nigerians have spent a whopping N9.51 trillion on household expenses monthly. According to the Bureau, Nigerians continue to face high costs of goods and services which has led to a household expenditure of N57.1 trillion in the first six months of the year. It was […]
Nigeria’s inflation rate hits 21.09% as food prices rise
By Biodun Busari Nigeria’s inflation rate has jumped from 20.77% in September 2022 to 21.09% in October 2022 as the country battles with soaring food prices. The National Bureau of Statistics (NBS) revealed this on Tuesday in its Consumer Price Index (CPI) report for October, noting that food inflation was 23.72% in October 2022, from […]
Over $600m stolen from FTX as Crypto market loses $201bn
By Biodun Busari The market capitalisation of all cryptocurrencies plummeted to $841 billion which was a fall of $201 billion in just seven days. This was caused by the disappearance of more than $600 million in cryptocurrency from the wallets of the defunct cryptocurrency corporation FTX, with no apparent cause stated. According to reports, FTX […]
Naira redesign: What you need to know, do
By Biodun Busari President Muhammadu Buhari has said his administration will not go back on the plan of the Central Bank of Nigeria (CBN) to redesign the nation’s highest currency notes of N1,000, N500, and N200. Buhari said this on Wednesday evening in London, UK, shortly after meeting with King Charles III at Buckingham palace. […]
Economy: No more gifts for aso-ebi patronisers at owambe
Economy: No more gifts for aso-ebi patronisers at owambe
