Economy

In this week's Saturday Tribune column, I analyze the World Bank's callous statement on Monday that for Nigeria to achieve prosperity it must continue its ongoing economic mass murder of its weakest citizens for at least 15 years: …
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The Nigerian House of Representatives has called on the Federal Government to reverse the recent increases in the prices of petrol and cooking gas, citing the severe economic hardship being felt by citizens across the country. The…
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The World Bank has charged Nigerians to support the ongoing economic reforms, warning against opposing or reversing them. It said doing so could have serious negative consequences for the country. The World Bank Country Director…
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Increasing the price of Premium Motor Spirit (PMS), also known as petrol, may reverse the already diminishing effects of fuel subsidy removal in Nigeria, according to the World Bank. The Bretton Wood institution made this warning in…
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Nigeria’s headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024, marking a 0.55% increase month-on-month. This is the first increase in three months after the country’s inflation rate…
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Nigerians may soon face a renewed inflation surge due to continuous rising petroleum prices as announced by the Nigerian National Petroleum Commission, despite the Central Bank of Nigeria’s (CBN) efforts to curb rising prices. …
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Nigeria’s external debt is projected to approach $50 billion by the end of the third quarter of 2024, as the Debt Management Office (DMO) prepares to release the latest public debt data. As of March 31, 2024, Nigeria’s total public…
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The Executive Board of the International Monetary Fund (IMF) has approved to lower the IMF’s borrowing costs for members by 36 per cent, or about 1.2 billion dollars annually. A statement, issued by the IMF Press Centre, said this…
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*Buhari, Emefiele Former deputy governor of the Central Bank of Nigeria (CBN), Mr Edward Adamu, has given former President Muhammadu Buhari a clean bill of health in the controversial naira redesign policy of the former governor of the…
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TAX A new bill has been proposed in Nigeria that will require individuals engaged in banking, insurance, stock-broking, or other financial services to provide a Tax Identification Number as a precondition for opening a new account or…
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