Rahma Oladosu

‘Naira To Appreciate Towards N1000 Per Dollar’

'Naira To Appreciate Towards N1000 Per Dollar'   The Lagos Chamber of Commerce and Industry (LCCI) has projected that the Naira would appreciate to N1,000 per Dollar. This was disclosed by the President of LCCI, Mr. Gabriel Idahosa, when he addressed news...

In Three Months, Forex Inflow Via IMTOs Hits $1.07bn

In Three Months, Forex Inflow Via IMTOs Hits $1.07bn   Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from $770.23m recorded in the same period in the previous...

FG To Jail Defaulting Bank Executives Over Windfall Tax

FG To Jail Defaulting Bank Executives Over Windfall Tax   The Federal Government has proposed the imprisonment of principal officers of banks who refuse to comply with the one-time windfall tax on banks’ foreign exchange profits in 2023. It also proposed a...

World Bank, AfDB Move To Invest $7.5bn In Nigeria’s Power Sector

World Bank, AfDB Move To Invest $7.5bn In Nigeria’s Power Sector   The Minister of Power, Adebayo Adelabu, has said that the World Bank and the African Development Bank have concluded plans to invest $30bn in boosting electricity in Africa. Of this...

Atayese: N70,000 Minimum Wage Cannot Solve Nigeria’s Economic Hardship

According to Sadiq Atayese, the chairman of the Labour Party in Oyo State, the newly approved N70,000 minimum wage for Nigerian workers is not the solution to the country’s current economic challenges. 

Cardoso: Nigeria’s Economic Outlook Positive

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has again reaffirmed the Bank’s commitment to implementing policies that foster sustainable growth in the financial markets while ensuring overall economic stability. 
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