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Asking Nigerians to tighten belts, governors blow N1.3 trillion on trips, feeding, other inanities

The 36 states of the federation have spent N1.71tn on recurrent expenditures including allowances, foreign trips, office stationery, aircraft maintenance, and more in the...

Vandalism of 5,000kms of oil pipelines, a national calamity, NNPCL chief cries out

One moment, one story is the situation of the Nigerian National Petroleum Company Limited (NNPCL). Now it is crying out that vandalism on over...

Foreign shipping companies lifting crude oil must comply with Nigeria’s tax laws—FIRS chairman

The chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has charged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the...

Recurring decimal: Inflation rate climbs 27.33%

The National Bureau of Statistics, NBS, said Nigeria’s headline inflation rate increased to 27.33 per cent in October 2023. The NBS disclosed this in its...

Buhari administration bankrupted Nigeria, says NSA Ribadu

In a rare admission of the economic malaise the past administration of Muhammadu Buhari put Nigeria, the National Security Adviser (NSA), Malam Nuhu Ribadu,...

48 hours after Tinubu promise of good Nigeria/Saudi relations, visas of  264 passengers cancelled on arrival

48 hours after President Bola Tinubu spoke about pulling down walls negating against smooth bilateral trade relations with Saudi Arabia, Saudi authorities have dealt...

President Tinubu signs N2.1 trillion budget into law

PRESIDENT TINUBU SIGNS N2.1 TRILLION SUPPLEMENTARY 2023 BUDGET President Bola Tinubu signed the N2.176 trillion Supplementary Appropriation Act on Wednesday in Abuja to strengthen Nigeria's...

Joseph Stiglitz, Kemi Adeosun say world lacks mechanisms to tackle African debt restructuring

Renowned economist and Nobel Prize Winner, Joseph Stiglitz and former Nigerian Minister of Finance, Mrs. Kemi Adeosun, have advocated international mechanisms for sovereign debt...

Inflation rate may hit 30% by December

Nigeria Inflation Rate May Hit 30 Percent By Year End As September 2023 Records 26.72 Percent Increase By Clement Nwoji (Optimum Times) Barring no changes in...

Trouble as AFREXIM shops for $3b to fulfil agreement with NNPC

By Laolu Akande, New York Not being a depositors' bank, AFREXIM is unable on its own to raise the $3B loan it agreed to provide...

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