NEITI offers strategic measures  to manage fuel subsidy removal

May 31, 2023

By Cynthia Ezekwe  The Nigeria Extractive Industries Transparency Initiative (NEITI) has unveiled measures to manage subsidy removal while mitigating the potential adverse impacts it will have on the citizens. The  national body responsible for ensuring transparency and accountability in the extractive industries geared towards the enhancement of national development,  welcomed president Bola Tinubu’s position that […]

Think-tank urges Tinubu to withhold accent to amended CBN Act on ways and means

May 31, 2023

Think-tank urges Tinubu to withhold accent to amended CBN Act on ways and means

By Business A.M. The Centre for Social Justices (CSJ) has urged President Bola  Tinubu to withhold accent to the recent amendment to the CBN Act  by the National Assembly,increasing advances the CBN can grant to the federal government from five  percent to 15 percent. Eze Onyekpere, the lead director of the foremost non-governmental institution focused […]

Nigeria’s 8-years of inept whirlwind economy, governance finally over

May 29, 2023

  BY PHILLIP ISAKPA, IN LONDON, UK    Buhari ends second disastrous adventure into power     Many political and economic analysts, both local and foreign, majority of the latter regarded as friends of Nigeria, told Business A.M., that across the length and breadth of Nigeria there would be deafening jubilation today when President Muhammadu […]

Think-tank seeks paradigm shift on electricity crisis by new govt.

May 29, 2023

President-elect Bola Ahmed Tinubu

By Cynthia Ezekwe  A practical solutions finding non-profit think-tank wants a radical departure from Nigeria’s failed decades’ old approach to seeking solutions to the country’s electricity supply crisis by the new government of President-elect Bola Ahmed Tinubu, who was sworn in Monday 29 May, 2023 as president of the Federal Republic of Nigeria. In a […]

Africa set to  be  second-fastest growing region after Asia with 4.3% GDP growth in 2024, says AfDB

May 25, 2023

AfDB, IDB, others commit $520m for agricultural development in Nigerian states

By Cynthia Ezekwe  The African Development Bank (AfDB) forecasts that Africa will consolidate its post-Covid-19 pandemic recovery to 4.3 per cent gross domestic product (GDP) growth in 2024 from 3.8 per cent  in 2022 to become the second-fastest growing region in the world after Asia in 2023-24. The continent’s premier development finance institution made the […]

CBN raise interest rate to 18.5% on rising inflation 

May 24, 2023

CBN increases individual cash withdrawal limit to N500,000 weekly

By Business A.M. The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR) by 50 basis points from 18.0 per cent set in March 2023 to 18.5 per cent. Godwin Emefiele, the CBN governor and head of the highest policy making committee of the apex bank, […]

UK inflation falls to 8.7% in April

May 24, 2023

UK inflation falls to 8.7% in April

By Luther Animashaun  The Office for National Statistics (ONS) has announced that the Consumer Prices Index (CPI) of the United Kingdom decreased from 10.1 per cent in March 2023 to 8.7 per cent in April 2023,  its lowest level since March 2022. This decrease was attributed to the absence of energy price hikes seen in […]