Business

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•IMF urges caution on adoption of cryptocurrency as national currency Ndubuisi Francis and James Emejo in Abuja The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc., as technical partner for its proposed digital...
The Federal Government, FG, revenue performance may still be substantially behind target performance as it recorded a 44.6 per cent shortfall from the projected N3.3 trillion for the period between January to May 2021. Total expenditure plan for the year...
The Consumer Price Index, (CPI) which measures inflation dropped to 17.38 per cent (year-on-year) in July, compared to 17.75 per cent in the preceding month, according to the National Bureau of Statistics (NBS). The NBS however, explained that the 0.37...
The devaluation of the naira from N379/$ to N411/$ will push the daily subsidy on petrol to N7.1 billion as it will raise the product’s landing cost. According to an economic report released at the weekend, Managing Director, Financial Derivatives...
Lagos has become Africa’s top startup ecosystem. The city ranked 122nd globally, effectively switching places with Nairobi, Kenya, which now ranks 136th globally. This is according to the recently released StartupBlink Ecosystem Index Report 2021 In general, the top two startup...
Civil servants have accused Anambra, Imo, Zamfara, Benue, Kano, and Kogi governors of refusing to pay the new minimum wage. The Association of Senior Civil Servants of Nigeria (ASCSN) said 10 states had not implemented the National Minimum Wage signed into law...
Nigeria Dying, Loses Over N2billion Daily To Twitter Ban Amid Massive Unemployment, Economic Downturn Nigeria loses over N2 billion to Twitter shutdown in the country on a daily basis, SaharaReporters has learnt. This was disclosed by NetBlocks, which put the total...
Tougher times are here and any pretension to the contrary has been ripped to shreds with Wednesday’s resolution of the governors giving full backing to complete deregulation of the downstream sector of the petroleum industry, which in effect may...
Governor Abdullahi Ganduje of Kano state has waded into the dispute between Dangote and BUA companies owned by two business moguls from the state. This is in order to resolve the lingering conflict among the two Kano State prominent indigenes...
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