The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has expressed optimism on the quick recovery of the economy from the effects of recession. It lamented that the prevailing reception “bites harder and negatively impacts on the socio—economic living conditions of...

The scarcity of foreign exchange bites harder, pushing the dollar to N465 at parallel market. Traders in Lagos and Abuja said that there were no forex to sell or buy in the market, with the situation creating acute scarcity. The pound...

The NSE market capitalisation slid to N9.699tn from N9.703tn, while the All-Share Index closed at 28,236.23 basis points from 28,248.86 basis points. A total of 159.046 million shares valued at N1.454bn were trading in 3,237 deals. The NSE ASI declined by...

The naira slumped to a new all-time low of 470 to the dollar on the parallel market on Wednesday, posting its biggest daily decline since the Central Bank of Nigeria adopted a flexible foreign exchange regime. The local currency stood...

As if the current unclear economic policy context was not disconcerting enough, the sudden emergence of a raging debate on the sale of public assets has escalated one’s fears that easier things seem to appear more attractive to the...

Former Vice President, Alhaji Atiku Abubakar called on the federal government to live on taxes the way advanced democracies do instead of relying on oil revenue. Atiku stated this while speaking at the investiture ceremony of the nineth President and...