Federal Government Plans to Establish National Commodity Board to Tackle Food Inflation
The Federal Government has hinted at plans to establish a National Commodity Board as a solution to the escalating food inflation in the country. The board will be given the mandate to assess and regulate food prices, as well as maintain a strategic food…
President Bola Tinubu Vows to Revolutionize Agriculture in Nigeria
President Bola Tinubu has expressed his administration’s determination to transform the agricultural sector, with the aim of making Nigeria self-sufficient in food production and a net exporter of agricultural products. The President made…
Governor Advocates for Banking Recap CBN italisation to Safeguard Against Macro Risks and Foster Economic Growth
The Governor of the Central Bank of Nigeria, CBN, Dr. Olayemi Cardoso has said that the proposed banking recapitalisation was necessary to protect banks from macroeconomic risks and to enable them fund big ticket transactions. Cardoso stated this…
Cash scarcity in major cities due to hoarding, says Central Bank of Nigeria
The Central Bank of Nigeria (CBN) has attributed the reported cases of cash scarcity in some major cities across the country to the hoarding of banknotes by individuals whose identities remain unknown. The CBN, however, assured the public that it…
Nigeria loses N702bn as oil firms flare 241m
Nigeria has incurred a staggering loss of N702 billion as oil companies operating in the country continue to flare 241.1 million standard cubic feet (MSCF) of gas between January and November 2023. The data, sourced from the National Oil Spill Detection…
Comedian AY Makun Expresses Despair over Nigeria’s Deteriorating Economy
In a heartfelt Instagram post, renowned comedian AY Makun has lamented the current state of Nigeria’s economy, expressing his despair and questioning when the country will experience a turnaround. Reflecting on his childhood, Makun recalled…