The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at eleven point five per cent. The CBN Governor, Godwin Emefiele, disclosed this to newsmen after the committee’s two-day meeting in Abuja. Other parameters left unchanged by the CBN are the Cash Reserve Ratio and Liquidity Ratio at twenty-seven point five…
The 2021 Intra African Trade Fair has ended in Durban South Africa, and the next edition will take place in the city of Abidjan, Côte d’Ivoire, in 2023. This was announced by Nigeria’s former President, Olusegun Obasanjo, at the closing ceremony of the event in Durban. Obasanjo, who spoke in his capacity as Chairman of IATF 2021…
The Taliban has banned the use of foreign currencies in Afghanistan, a move that could further disrupt an economy on the brink of collapse. The Taliban said in a statement that the economic situation and national interests in the country require that all Afghans use Afghani currency in their every trade. The economy is struggling due to…
Governors of oil producing states are facing a strong opposition from people of oil and gas bearing and impacted communities in their demands for more funds from oil. This is because of lack of accountability in the management of the thirteen percent derivation fund that is currently being enjoyed by oil bearing states. A traditional ruler of…
The United Kingdom has denied that it is facing fuel supply crisis. However, the UK’s Business Secretary, Kwasi Kwarteng, admitted that the fuel supply situation had been difficult. He said reserve tankers had been sent out from depots to help increase fuel distribution.
The legal battle between Rivers State and the Federal Inland Revenue Service over the collection of Value Added Tax have moved to the Supreme Court in Abuja. The Rivers State government wants the Supreme Court to overturn the ruling of the Abuja Division of the Court of Appeal, which ordered parties to return to the way things…