Nigeria Raked in About $100b Diaspora Remittance in Five Years – Dabiri-Erewa Abike Dabiri-Erewa, the chairman and chief executive officer of Nigerians in Diaspora Commission said the country has raked in about $100 billion from diaspora remittances in the last five years. This is as she...

According to Adetilewa Adebajo, Chief Executive Officer of CFG Advisory, Nigeria risks going in the direction of Zimbabwe and Venezuela if inflation is not curtailed.

JUST IN: CBN Raises Interest Rate to 26.75% Amidst Inflationary Pressures   The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again increased the benchmark interest rate by 50 basis points from 26.25 per cent to 26.75 per cent. This was disclosed by...

Minimum Wage: Senate Seeks Inclusion of Domestic Servants   The Senate, yesterday, demanded the inclusion of domestic servants in the proposed N70,000 National Minimum Wage Scheme. The red chamber also justified the need for their compulsory documentation with a proposed federal agency for proper and adequate monitoring. The...

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 penalty of 10 per cent...

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 sum, Adelabu said Nigeria will...