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Saturday, 15 March 2025
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Popular News

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Business

Manufacturing Crisis Grips Nigeria as 767 Companies Shut Down in 2023, N350 Billion Goods Unsold

The Manufacturing Association of Nigeria (MAN) has disclosed a troubling trend within the industry, indicating that a staggering 767 manufacturing companies ceased operations in 2023, with an additional 335 facing distress. This alarming development underscores the severe economic challenges confronting the manufacturing sector, including exchange rate instability, surging inflation rates, and an overall deterioration in […]

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Business

Abia Governor Blames Federal Government for Naira’s Free Fall, Points Finger at Excessive Money Printing

Abia State Governor, Alex Otti, expressed concern over the plummeting value of the naira, attributing it to excessive printing of money by the Federal Government. In an exclusive interview on Channels Television’s Politics Today, Governor Otti highlighted the dire consequences of financial indiscipline, citing an alarming increase in the money supply, estimated to be nearing […]

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News

Shehu Sani Sounds Alarm Over Potential Federal Civil Service Job Losses Amid Oronsaye Report

Former Kaduna Senator Shehu Sani has issued a stern warning to President Bola Tinubu regarding the looming specter of job losses in the federal civil service as a result of the full implementation of the Oronsaye report. Tinubu recently mandated the complete execution of the report from the Presidential Committee on the Rationalisation and Restructuring […]

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Business

CBN Executes N1.51 Trillion Mop-Up Operation to Stabilize Economy

The Central Bank of Nigeria (CBN) under the leadership of Governor Olayemi Cardoso has successfully mopped up a staggering sum of N1.51 trillion through Open Market Operation (OMO) bills within the span of four months, a comprehensive analysis by BusinessDay reveals. The auctions, predominantly featuring long-tenured bills ranging from 180 to 365 days maturity, aimed […]

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Politics

Peter Obi Slams FG’s BDC Crackdown Amidst FX Crisis

Former Anambra State Governor, Peter Obi, condemns the federal government’s recent crackdown on Bureaux de Change (BDCs) operators, denouncing it as “ill-advised” and “misdirected.” Obi argues that targeting BDCs will exacerbate economic woes rather than alleviate them, stressing that they are not the root cause of Nigeria’s FX troubles. He highlights the need to address […]

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