“Increase in interest rate has been ineffective in curbing inflation” – Muda Yusuf
Muda-Yusuf The Director of the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf has stated that monetary policy tool of interest rate hiking has been ineffective in…
EFCC freezes N30b NSIPA cash traced to private accounts
EFCC Anti-graft body grills coordinator, arrests ex-DFA Ex-Humanitarian Affairs minister fails to honour agency’s invitation The Economic and Financial Crimes Commission (EFCC) has tracked N30 billion of the N44 billion…
No Increase in PMS Prices, says NNPC Ltd
Kayode Ogunwale NNPC LTD. The Nigerian National Petroleum Company (NNPC) Limited has assured Nigerians that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known…
BudgIT Commends FG for Publishing the Proposed 2024 Government-Owned Enterprises Budget
BudgIT, a prominent civic-tech organization promoting transparency, accountability, and effective service delivery in Nigeria, commends the Federal Government of Nigeria for taking a step toward transparency by publishing the 2024…
BudgIT Calls for Vigilant Citizenship Against Subnational Procurement Awards
BudgIT, a leading civic-tech organization promoting transparency, accountability, and effective service delivery in Nigeria, expresses profound disappointment about the dubious items listed in the Public Procurement Awards reported by Nigerian…
Seplat Energy COO lauds divestment activities in Nigeria’s energy industry
Samson Ezugworie COO The divestment story in Nigeria’s petroleum upstream sector has been a success case in terms of value creation, realisation and retention for the economy, the Chief…
FEC Approves N27.50trillion Budget For 2024
The Federal Executive Council (FEC) has approved the 2024 appropriation bill of trillion, with a trillion increase from the earlier estimated bill. The government had proposed trillion but reviewed the…
Maida urges Nokia to invest in Nigeria’s ICT R&D
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida has requested Nokia Networks to increase its investments in Research and Development…
LIRS Announces Deployment of Upgraded Revenue Collection Process for Hospitality Sector in Lagos State
The Lagos State Internal Revenue Service (LIRS) has announced the immediate deployment of an upgraded process for the collection of Hotel Occupancy and Restaurants Consumption Tax (HORCT) in Lagos State.…
KPMG predicts Nigeria’s inflation rate to hit 30% by December 2023
Nigeria’s headline inflation rate has been tipped to hit 30 per cent by December 2023, global financial advisory service firm, Klynveld Peat Marwick Goerdeler (KPMG) has predicted. KPMG in its…