Utomi: CBN ‘missteps’ Contributed To Naira Depreciation According to Pat Utomi, a political economist, ‘missteps’ made by the Central Bank of Nigeria (CBN) contributed to the incessant fall of the naira. Utomi stated this in an interview on Channels Television’s Sunrise Daily on Friday. Recall that the...

Oil Price Rises Above $70, OPEC Projects Demand Growth       The international oil price, Brent crude, rose above the $70 per barrel mark on Tuesday, with the Organization of the Petroleum Exporting Countries projecting that demand for the commodity is bound to improve. Brent, against which Nigeria’s...

Reps Urge Extension of SIM Card Registration, NIN Linkage Deadline         The House of Representatives yesterday urged the federal government to extend the deadline for the synchronisation of subscribers’ SIM card registration with their National Identification Number (NIN) by telecommunication service providers to 10 weeks. The Minister...

Experts Blame Fuel Price Hike, Borrowing As Inflation Climbs To 14.23%         The hike in food prices and other individual consumption across the country further increased the rate of inflation in Nigeria to 14.23 per cent in October. Figures released by the National Bureau of Statistics on...

Nigeria not working due to over dependence on government Prof. Pat Utomi, a governorship candidate of the All Progressives Congress (APC) in Delta on Monday said Nigeria was not working because of over dependence on government. Utomi, a renowned economist said this at the High-Level Public-Private...