BUSINESS

Inflation: Statistician cautions politicians, government against reckless spending

A statistician, Dr Olusanya Olubusoye has advised politicians and government at all levels against reckless fiscal spending to prevent inflation ahead of the 2019 elections. Olubusoye, a lecturer at the…

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El-Rufai faults Bill Gates on govt’s economic plan

Kaduna State Governor, Nasir el-Rufa’i The Kaduna State Governor, Nasir El-Rufai, has faulted the claim by the Co-Chair of the Bill and Melinda Gates Foundation, Mr. Bill Gates, that the…

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INTERNET: Bitcoin surges past $10,000

Fresh report as Bitcoin is now worth over $10,000. The cryptocurrency, which crossed the milestone for the first time since its creation in 2008, surged past $10,000 on Tuesday evening…

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We must borrow more to Invest in capital projects – Kemi Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, on Sunday, said the nation must borrow more in the short term to deliver critical infrastructural projects such as roads, rail and power….

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PMB urges us to concentrate on northern Nigeria – World Bank

The President of the World Bank Group, Jim Yong Kim, said on Thursday that the bank had concentrated on the northern region of Nigeria in line with President Muhammadu Buhari’s…

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Naira drops to 369, market anticipates dollar supply

The naira has weakened further to 369 per United States dollar on the back of waning supply of the greenback in the foreign exchange market. Although the external reserves have…

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FG withdrew N359.39bn from ECA for fuel subsidy –FRC

The Federal Government withdrew the sum of N359.39bn from the Excess Crude Account in 2015 to fund the payment of petroleum products subsidy in 2015, the Fiscal Responsibility Commission has…

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Naira closes at 370 as dollar supply declines

The naira closed at 370 to the United States dollar on Friday, as dollar supply from the Central Bank of Nigeria continued to wane.   The local unit, which used…

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Beware of recruitment scam, NNPC warns job seekers

the Nigerian National Petroleum Corporation has again announced that it never inaugurated a recruitment campaign of any kind, as it warned job seekers to avoid being scammed. This came just…

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Magu accuses banks of aiding looters

The acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu, has accused banks of creating a friendly atmosphere for looters to operate. He added that some banks…

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