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Category: Economy

Business Economy headline

Edun blames economic crisis on free printing of naira by Buhari’s govt

Iheanyi Ejiofor March 7, 2024 No Comments #Buhari government#economic crisis#Edu

Our reporter/ The federal government on Wednesday disclosed that the free printing of naira notes for eight years, under the previous administration went into the hands of a privileged few,…

Read More Edun blames economic crisis on free printing of naira by Buhari’s govt
Business Economy headline

Nigeria must address food insecurity urgently  – IMF

Iheanyi Ejiofor March 6, 2024 No Comments #Food insecurity#FX crisis#inflation

The International Monetary Fund (IMF) says Nigeria must prioritise addressing food insecurity. The IMF stated this in a report after its team, led by Axel Schimmelpfennig, IMF mission chief for…

Read More Nigeria must address food insecurity urgently  – IMF
Business Economy headline

Ghana suspends FX licences of First Bank, GTBank

Iheanyi Ejiofor March 5, 2024 No Comments #First Bank#Ghanagtbank

The Bank of Ghana has suspended the forex licenses of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN) due to breaches of foreign exchange market regulations and…

Read More Ghana suspends FX licences of First Bank, GTBank
Business Economy headline

Binance ends all Naira services

Iheanyi Ejiofor March 5, 2024 No Comments #Biancenaira

Our reporter/ Cryptocurrency exchange Binance has ended its naira services, the company said on Tuesday. It listed the timeline, asking users to take needed action. “Users are encouraged to withdraw…

Read More Binance ends all Naira services
Business Economy headline

Adopt the Zimbabwean model to tame inflation, Obasanjo tells FG

Iheanyi Ejiofor March 5, 2024 No Comments #inflation#Obasanjo#Zimbabwe model

Our reporter/ Elder statesman and former President Olusegun Obasanjo has advised the federal government to adopt the Zimbabwean model to weather the current storm of galloping inflation. He made the…

Read More Adopt the Zimbabwean model to tame inflation, Obasanjo tells FG

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