Telecom Employees Union Criticizes 50% Telecom Tariff Increase The National Union of Postal and Telecommunication Employees (NUPTE) has strongly condemned the recent 50% hike in telecom tariffs, expressing concerns over its negative impact on Nigerian students and the broader economy. In an official statement, NUPTE President, Comrade Buba Nehemiah, labeled the tariff increase as harmful […]
Central banks play a pivotal role in stabilizing a nation’s currency and economy through the implementation of monetary policies. However, their actions are often misunderstood, especially during times of economic challenges. According to PwC, it is crucial for central banks to communicate their objectives clearly and effectively to foster a proper understanding and positive public […]
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Discover how the National Institute of Credit Administration (NICA) is launching the Nigeria Credit Economic Forum (NCEF) to drive a robust credit-based economy in Nigeria. The National Institute of Credit Administration (NICA), a chartered body committed to advancing Nigeria’s credit system, is set to officially unveil the Nigeria Credit Economic Forum (NCEF). This groundbreaking initiative […]
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Discover the implications of Nigeria joining BRICS, including economic growth, foreign investments, and enhanced global influence. Explore benefits and challenges in this new partnership. Nigeria has officially joined BRICS as a partner country, marking a significant milestone for one of Africa’s largest economies. This inclusion integrates Nigeria into a dynamic coalition of emerging market nations, […]
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Learn how the National Bureau of Statistics (NBS) plans to include hidden and illegal activities in Nigeria’s GDP calculations, enhancing economic accuracy and transparency. The National Bureau of Statistics (NBS) recently announced its decision to include illegal and informal activities, such as prostitution and drug trafficking, in the computation of Nigeria’s Gross Domestic Product (GDP). […]
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Vice President Kashim Shettima has assured Nigerians that brighter days are ahead, as the nation’s economy is poised for significant growth in 2025. In a statement shared via a video on X (formerly Twitter) by President Bola Tinubu’s Special Assistant on Social Media, Dada Olusegun, Shettima emphasized the government’s commitment to tackling economic challenges through […]
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President Bola Tinubu has assured Nigerians that brighter days are ahead in 2025, expressing optimism about a positive transformation for the nation in his New Year’s message. Tinubu pledged that his administration would strive to meet the aspirations of the Nigerian people while addressing the challenges that marked 2024. Reflecting on the past year, the […]
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Senate President Godswill Akpabio has drawn a stark comparison, describing Nigeria’s economic condition as akin to being on “life support” when President Bola Tinubu assumed office in May 2023. Akpabio made this remark during his 2024 Constituency Briefing and Empowerment Programme, held at the Ikot Ekpene Township Stadium in Akwa Ibom State. As the representative […]
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The newly established Ministry of Steel Development has allocated N2.6 billion for the mobilization of Ajaokuta Steel Company Limited as part of its N24 billion total budget for 2025. This funding was presented by President Bola Tinubu to the National Assembly in the proposed budget. In addition, the Ministry has set aside N250 million for […]
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Nigeria needs a minimum of $50 billion in foreign direct investment (FDI) to curb inflation to 5% by 2025, according to Ayo Teriba, a renowned economist and CEO of Economic Associates, Lagos. In an interview on Arise TV, Teriba emphasized that increasing the nation’s net reserves would be essential for stabilizing the economy and moderating […]
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President Bola Ahmed Tinubu recently used an academic forum to redefine the life many Nigerians had been living prior to his tenure. Speaking at the Federal University of Technology Akure (FUTA) convocation in Ondo State, Tinubu described the so-called “good life” as “fake,” one that could have led to Nigeria’s collapse without urgent reforms. However, […]
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The Nigerian government has praised Moniepoint Inc, Africa’s fastest-growing financial institution, for its significant contributions to financial technology and its commitment to advancing financial inclusion. The commendation came from Vice President Kashim Shettima during a courtesy visit by Moniepoint’s leadership team, led by CEO Tosin Eniolorunda, at the Presidential Villa. Shettima expressed appreciation for Moniepoint’s […]
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Human rights lawyer Inibehe Effiong has called for Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), to retire following his recent controversial remarks. Effiong criticized Adeboye’s claim that God intervened to prevent the naira’s exchange rate from rising to N10,000 to $1, describing it as absurd. Effiong argued that […]
