“‘This action has become necessary due to the bank’s breach of Section 12 (1) of BOFIA, 2020. The Board and Management of the bank have not been able to improve the bank’s financial performance”

The Federal Government borrowed N20.1 trillion from domestic investors in the first year of President Tinubu’s administration, representing year-on-year YoY increase of 117 per cent from the previous year, prompting concerns over impact on the economy including likely additional pressure on inflation, increased debt service cost and higher borrowing cost from businesses. 

Fuel distribution, health, bank and other essential services nationwide will be shut from today as organised labour begins an indefinite strike over minimum wage and recent hike in electricity tariff.

At the recently held 2024 Vanguard Economic Discourse, the President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Oye, was the Guest Speaker, where he attributed the current crises in Nigeria to botched economic policies of the government, such as the currency redesign, removal of fuel subsidy, and the floating of the Naira.

The Labour Party (LP) has condemned in strong terms the brutal killing of five Soldiers deployed to protect citizens in Abia State during the Biafran Day celebration last Thursday.