CBN Seeks To Slash Importation Bill By 35%       The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said efforts are ongoing to reduce the country’s import bill by about 35 per cent. He said President Muhammadu Buhari’s insistence about five years ago...

Rising Inflation Pushed 7million Nigerians Below Poverty Line – W/Bank       The World Bank has said rising prices pushed about seven million Nigerians below the poverty line in 2020. This was contained in a press statement titled ‘Critical reforms needed to reduce inflation and accelerate the recovery,...

Despite COVID-19, Africa Records $80bn Diaspora Remittances       Diaspora remittances to Africa as a whole have increased to over $80 billion despite the COVID-19 impact on economies worldwide, and against the backdrop of a fall in remittances worldwide. However, remittances to Nigeria dropped by 27.7 percent in...

Cutting Governance Cost’ll Not Solve Revenue Problems - Akabueze       The Director General of the Budget Office of the Federation, Ben Akabueze, on Tuesday said cutting budget allocations to Federal Government agencies would not have a significant impact on Nigeria’s revenue. Akabueze said this in Abuja at...

Gambian Central Bank Wants CBN to Fix her Currrency Bug. The Central Bank of Gambia (CBG)has appealed to Nigeria’s Central Bank (CBN) in fixing the Gambia’s currency bug. The Gambian request is coming just as it also wants to tap from CBN’s wealth of knowledge and...

World Bank Outlines steps for Nigeria's Economic Revovery The World Bank has outlined faster steps for Nigeria's economic recovery apart from taking other measures to deepen ongoing reforms undertaken by the country. According to the Bank, the measures would assist avoid threats to the government’s macroeconomic...