Nigeria’s economy contracted the most in at least three decades in 2020, even as it unexpectedly came out of a recession in the fourth quarter. This comes after two consecutive…
Read More Nigeria’s economy unexpectedly exits recession
Category: Economy
Jimoh Ibrahim loses bid to vacate order seizing his assets over N69.4bn debt
By our reporter| Lagos businessman, Jimoh Ibrahim on Tuesday failed in his bid to have the interim order over his properties seized by the Asset Management Corporation of Nigeria (AMCON)…
Read More Jimoh Ibrahim loses bid to vacate order seizing his assets over N69.4bn debt
Banking sector lost N5bn to fraud in nine months, says NIBSS
By our reporter| More than N5bn was lost as a result of fraud in the banking sector between January and September 2020, the Nigeria Inter-Bank Settlement System Plc has said.…
Read More Banking sector lost N5bn to fraud in nine months, says NIBSS
Inflation rate hits 16.47%, highest in four years
By our reporter| The consumer price index which measures inflation increased by 16.47 per cent (year-on-year) in January 2021, the national bureau for statistics said on Tuesday. According to the…
Read More Inflation rate hits 16.47%, highest in four years
Buhari congratulates Okonjo-Iweala, says track record of integrity, diligence, and passion will yield positive results
President Muhammadu Buhari on Monday said he has no doubt that Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala, and the newly elected Director-General of the World Trade Organisation, will excel in…
Read More Buhari congratulates Okonjo-Iweala, says track record of integrity, diligence, and passion will yield positive results