Category Archives: Money

Cybercrime generates $1.5trn annually

Cybercrime generates $1.5trn annually

Internet crime economy seems to be booming as a report shows that cybercrime activities generate at least $1.5 trillion annually as only four percent of

Sanwo-Olu signs N873bn Lagos budget into law

Sanwo-Olu signs N873bn Lagos budget into law

The Lagos State Governor, Mr Babajide Sanwo-Olu has signed into law, the 2019 appropriation bill passed by the State House of Assembly. The Governor signed

Stock market gains 6.5% in May on MTN listing

Stock market gains 6.5% in May on MTN listing

The Nigerian equities recorded a growth of 6.5 per cent in May, compared with a decline of 6.06 posted in April. The market, which had

Banks borrow N12 trillion from CBN in six months

Banks borrow N12 trillion from CBN in six months

Emefiele begins his second term in office today Pays N8.2b interest rate to apex bank, lends N20tr The nation’s Deposit Money Banks have made frequent

Stakeholders seek end to petroleum sector illicit financial flows

Stakeholders seek end to petroleum sector illicit financial flows

With over $18 billion yearly losses to Illicit Financial Flows (IFFs) in Nigeria, stakeholders in the oil and gas, and financial services sectors, have tasked

The lessons from being broke

The lessons from being broke

Being broke is not something to be desired. It is embarrassing to be broke, more so when it becomes to others around us, especially if

CBN ‘blows hot’ on policy riggers, plans ‘jungle’ approach

CBN ‘blows hot’ on policy riggers, plans ‘jungle’ approach

Economists back unconventional policies for peculiar challenges Conventional monetary policy dictates that tariff hike be used to ward off dumping of foreign made goods in

Evaluating Buhari’s economic achievements, challenges 4 years after

Evaluating Buhari’s economic achievements, challenges 4 years after

Since he assumed office in May 29, 2015, President Muhammadu Buhari has embarked on quite a number of economic reforms which have yielded turnaround results

Telecom operators seek executive order to stop multiple taxes

Telecom operators seek executive order to stop multiple taxes

Stakeholders in the telecommunication industry are calling on the Federal Government to give an executive order that will stop state and local governments from imposing

Treasury bills issuance falls by N1.153tn in one year

Treasury bills issuance falls by N1.153tn in one year

The Nigerian Treasury Bills issued and allotted fell by N1.153tn in the 2018 financial period. The total value of NTBs issued and allotted was N3.34tn

Nigeria’s GDP shrinks to 2.01 per cent in Q1 2019

Nigeria’s GDP shrinks to 2.01 per cent in Q1 2019

Nigeria’s brittle economy slowed to 2.1 percent in the first quarter of 2019 (Q1, 2019), according to data released yesterday by the National Bureau of

Taxpayer’s money not missing-FIRS

Taxpayer’s money not missing-FIRS

Taxpayer’s Money not Missing-FIRS No taxpayer’s money is missing in the Federal Inland Revenue Service (FIRS), the agency has said. The clarification came in the