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•Rate cut not enough to tackle recession – CBN Oyetunji Abioye The naira tumbled against the United States dollar to 428 on Wednesday, down from 424 on Tuesday, as persistent dollar shortage continues to weigh on the economy. The major decline in the local currency against the greenback came a ...

Olaleye Aluko The Lagos State Police Command has arrested a 20-year-old suspect, Bassey Johnson, for allegedly raping a four-year-old girl in the Idimu area of the state. PUNCH Metro learnt that the school-leaver, who is also learning a trade, allegedly raped the girl, Fatima (pseudonym), when she and her elder ...

Everest Amaefule, Abuja Lagos, Kaduna and Edo, with a combined foreign debt profile of $1.84bn, are the most indebted states of the federation as far as subnational foreign debts are concerned, investigation has revealed. Statistics obtained from the Debt Management Office in Abuja on Wednesday showed that the 36 states ...

Emmanuel Nwachukwu It is hard to find anyone in Nigeria today that is not affected one way or another by the worsening state of the economy.    The goodwill that ushered this government to power has all but evaporated.  In my recent visit to Nigeria, I overheard a conversation between two ...

How should the Federal Government tackle the recession that is causing so much pain – and controversy – in the land? Some experts and leading politicians have suggested the sale of some assets, saying this will provide the cash to reflate the economy, reopen factories and put money in the ...

LABOUR warned yesterday that the Federal Government should reject the clamour for the sale of the nation’s assets to fight the recession. The Nigerian Labour Congress (NLC) described those pushing for the measure as enemies of the country, who are only bent on acquiring the nation’s assets for their personal ...

EKITI State Governor Ayo Fayose has ordered the state to stop transacting business with  Zenith Bank. The action is not unconnected with the face-off between him and Zenith on the freezing of his personal accounts domicilled in thebank by the Economic and Financial Crimes Commission (EFCC). According to a circular ...

Oyo State has concluded plans to export Aso Ofi local fabric as part of efforts to increase its internally generated revenue (IGR). Besides, the government said the fabric’s vast tourism potential would be explored to shore up its dwindling revenue. The fabric, which is sourced majorly from Iseyi area of Oyo ...

…promises tax holiday for foreign investors Eniola Akinkuotu and Ifeanyi Onuba, Abuja President Muhammadu Buhari has told potential foreign investors that the current economic challenge the country is facing has opened a vista of investment opportunities even as he boasts that Nigeria remains the number one investment destination in Africa. ...

TASE is in the process of a demutualization plan, still to be approved by parliament, which aims for competitiveness, cooperation with foreign exchanges and ending Israel’s bank control on the exchange.