Donald Trump’s Tariff Plans could be a blow to Canada’s Economy
Canada has promised to implement a set of sweeping new security measures along the country’s US border, including strengthened surveillance and a joint “strike force” to target transnational organised crime. Announcing details of the plan, Canada’s minister of finance and intergovernmental affairs said the federal government would devote 1.3bn Canadian Dollars to the plan. The […]
Nigeria’s inflation rate drops to 32.15% in August
Nigeria’s inflation rate dropped from 33.40% in July to 32.15% in August. This is the second month of consecutive inflation decline this year. In its Consumer Price Index report released yesterday, the National Bureau of Statistics said the headline inflation rate eased to 32.15% in August 2024, while food inflation stood at 37.52% in the […]
Tinubu Say Courageous Steps Have Been Taken to Reform Nigeria
President Bola Tinubu says his administration has taken courageous steps toreform Nigeria’s macroeconomic environment, to restore confidence in thenation’s economy. Represented by Vice President Kashim Shettima, at the 17th Annual Banking andFinance Conference in Abuja, the President said the government is rigorouslyworking to actualize through measures targeted at reducing inflation, stabilizingthe foreign exchange market and […]
Lagos Signs MoU with Niger State for supply of Agricultural Commodities
The Lagos state government in collaboration with Niger State, has signed a Memorandum of Understanding in agriculture, to cushion the current economic challenges. During the signing ceremony at the State House in Marina, governor Babajide Sanwo-Olu said the aim is to ensure that the common man benefits from the engagement. Similarly, the governor of Nigeria […]
Amidst the current challenges Nigeria economy is not distressed says President
President Bola Tinubu on Tuesday, said Nigeria is currently facing challenging times but its economy is not distressed. The President, represented at the event by Minister of Information and National Orientation, Mohammed Idris, spoke at the 16th edition of the Leadership 2023 conference and Awards, saying the country is facing some challenges but not helplessness. […]
President Tinubu sets up Tripartite Economic Advisory Committee
President Bola Tinubu has set up a tripartite economic advisory committee made up of representatives from the Federal and State governments as well as the Organised Private Sector. Speaking at a meeting with some state governors and stakeholders in the private sector in Abuja, President Tinubu who expressed concerns over the dwindling economy and rising […]
Court orders Federal Government to Fix Price of goods, petroleum products within Seven Days
The Federal High Court in Lagos on Wednesday ordered the Federal Government to fix the prices of goods and petroleum products within seven days. Justice Ambrose Lewis-Allagoa specifically ordered the government to fix the price of milk, flour, salt, sugar, bicycles, and their spare parts, matches, motorcycles and their spare parts, motor vehicles and their […]
EFCC raises special taskforce against dollarisation of economy
The Economic and Financial Crimes Commission (EFCC), has raised a Special Task Force in all its Zonal Commands to enforce extant laws against currency mutilation and dollarization of the economy. Its Spokesperson, Dele Oyewale, in a statement yesterday said the Task Force, inaugurated by the Chairman of the Commission, Mr Ola Olukoyede, is to protect […]
FG sets mercenary in motion to intervene in order to ameliorate hardship
Worried by the rising cost of living and worsening food crisis in Nigeria, resulting in protests in parts of the country, the federal government has set the mercenary in motion to intervene in order to ameliorate the hardship experienced by citizens. Addressing newsmen after a meeting of the Special Presidential Committee on Emergency Food Intervention […]
Ex-Vice Atiku Abubakar President speaks on the state of Nigerian Economy
The Presidency and ex-Vice President Atiku Abubakar, have traded words over the state of the Nigerian economy and the monetary policies of President Bola Tinubu. In a post on X (formerly Twitter), Atiku, the 2023 presidential candidate of the People’s Democratic Party (PDP), said there is hunger in the land as basic commodities, including bread, […]
