Cost of living: More Nigerians may join Japa train as hardship worsens
Strong indications have emerged more Nigerians may relocate from the country in 2023 and beyond as the nation’s socio-economic conditions worsen, and hope remains bleak. This came on the heels of the recent removal of fuel subsidy, further depreciation…
CBN Warns Banks Over Russia, Iran, Cameroon Transactions
Read more at:https://hobnobnews.com/2023/07/07/cbn-warns-banks-over-russia-iran-cameroon-transactions/ THE Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country to be wary of…
Sallah rams: Traders lament low sales amid high prices
Barely one week to Sallah, ram sellers at the Kara end of the Lagos-Ibadan Expressway on Friday lamented low sales, blaming the low patronage on the prevailing economic situation and the sudden increase in the cost of transporting the animals from the…
Federal Republic Of Alhaji Aliko Dangote And Fuel Subsidy Debacle (I)
By Erasmus Ikhide A cursory inquiry into the opaque Dangote Refinery revealed that the Nigeria stock exchange does not have any record of share sales in the Refinery, other than the NNPC alleged 20 per cent investment. That has put further lies to the…
Islamization: Sharia Council Defends El-Rufai, Berates CAN
Supreme Council for Shariah in Nigeria on Sunday, rose in defense of the immediate-past governor of Kaduna State, Malam Nasir El-Rufai over his six-minute viral video justifying his choice of appointing Muslims to occupy top positions in the Kaduna State…
SERAP sues Tinubu over failure to probe missing fuel subsidy funds
The Socio-Economic Rights and Accountability Project has sued President Bola Tinubu, over “the failure to probe the allegations that USD$2.1 billion and N3.1 trillion public funds of oil revenues and budgeted as fuel subsidy payments are missing and…
Fuel subsidy threatened Nigeria’s survival, made marketers rich— TUC
The Deputy Chairman, Lagos State chapter of Trade Union Congress, Comrade Idogen Emmanuel, said the realisation that neighbouring countries were benefiting immensely from Nigeria’s subsidised fuel informed the decision to shelve the planned strike of the…
NEW ADMINISTRATION AND NIGERIA’S ECONOMY
As Nigeria began a new Presidential Administration on May 29th, 2023 there are still concerns as to whether the new administration will better the Economy of the country especially now that the country is grappling with the obvious issue of the…
Facelift To Nigeria As Tax-to-GDP Ratio Increases To 10.86 Percent, By Kelechi Okoronkwo
FOR a long time, more than twelve years, Nigeria wore a “Lowest Tax-to-GDP (Gross Domestic Product) Ratio” in the whole world like a garment. In tax and economy conferences and public discussions both local and internal, Nigeria’s tax-to-GDP status was…
Subsidy Removal: Commuters Groan As Fuel Sells For N750 Per Litre
Commuters who cannot afford to pay 300 naira per drop from the usual 100 naira, are trekking 2 to 3 kilometres to get to their offices. Commuters have lamented in Calabar on Tuesday over the rise in the price of petrol. This followed President Bola…