SOLOMON ABUBAKAR

An economic expert, Muda Yusuf of the Centre For the Promotion of Private Enterprise (CPPE) has hinted at a possible rebound of the economy in the medium to long term as current distortions in the economy are corrected. The expert…

The Network Against Corruption and Trafficking Foundation (NACAT) has sued the Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi and a Deputy Governor of the CBN, Edward Adamu before a Federal High Court in Abuja for…

Nigeria’s Gross Domestic Product has slowed down to 2.51 percent (year-on-year) in real terms in the second quarter of 2023. This growth rate is lower than the 3.54 percent recorded in the second quarter of 2022. According to the…

The National Bureau of Statistics (NBS) says Nigeria’s unemployment rate dropped to 4.1 percent in the first quarter (Q1) of 2023, from 5.3 percent recorded in the previous quarter. The  NBS, in a statement said the latest unemployment…

The Federation Account Allocation Committee (FAAC) has shared a total sum of N966.110 billion, being July allocation among the three federating units. The amount shared as July 2023 allocation was N59.056 billion more than the amount…

The price of cooking gas is about to crash further following the decision of the Nigeria Customs Service (NCS) to exempt local Liquefied Petroleum Gas (LPG) from duty and Value Added Tax (VAT) while other products that are approved in Oil…

An Abuja Federal high court sitting in Maitama has granted N500 million bail to Akintoye Akindele, a Lagos businessman accused of offering an N50m bribe to police personnel. Justice Muazu admitted Akindele, the Managing Director of…

The aggrieved staff of the National Pension Commission, (PenCOM), numbering 20 have appealed against the judgment of the National industrial court, (NIC ) over unpaid salaries and unlawful labour practice. The aggrieved staff instituted…