Economy Archives - Page 7 of 17 - Voice Air Media

2 Minutes

Business Economy

Obaseki responds to Wike saying Edo received N2.1bn out of N28bn

Agency1 November 24, 2022 0 Comment

The Edo State government, on Wednesday, November 23, reacted to the controversy trailing the alleged release of trillions of naira out of the arrears owing the state from the country’s 13 percent derivation formula,...

1 Minute

Business Economy

Naira depreciates further against Dollar (See Exchange Rate)

Agency1 November 23, 2022 0 Comment

The naira on Tuesday depreciated against the dollar at the Investors and Exporters window, exchanging at N445.50. The figure represents a depreciation of 0.03 per cent compared with the N445.38 for which the dollar...

1 Minute

Economy National

New Naira issuance date likely to change– Emefiele

Agency1 November 23, 2022 0 Comment

The governor of the Central Bank of Nigeria, Godwin Emefiele, has said the new naira notes might go into circulation before the December 15 date. Emefiele stated this during the Monetary Policy Committee Meeting...

3 Minutes

Economy National

Petrol, electricity subsidies benefit only wealthy households – W’Bank asserts

Agency1 November 22, 2022 0 Comment

The World Bank has said that subsidies benefit only rich households and reduce government spending on poor Nigerians. This was contained in a statement on the bank’s website announcing the launch of the new...

1 Minute

Economy National

Food insecurity deepens in Nigeria even with UN support

Agency1 November 21, 2022 0 Comment

United Nations humanitarian aid totaling $28.5m has been provided to the nation to combat food insecurity and malnutrition. Despite the funding, more than 19.5 million people in Nigeria are already facing severe food insecurity...

2 Minutes

Economy National

Buhari to oversees Northern Crude Oil Drilling

Agency1 November 21, 2022 0 Comment

President Muhammadu Buhari is expected to officially kick off drilling for crude oil in the north for the first time. This is coming exactly two years after the mineral resource was discovered in the...

1 Minute

Business Economy

‘Dollar might fall to N200’, EFCC boss speaks on Naira redesign

Agency1 November 17, 2022 0 Comment

Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to N200 after the Central Bank Of Nigeria (CBN) implements the redesigning of the naira. The anti-graft...

2 Minutes

Business Economy

Osinbajo blames CBN management as Naira value declines again

Agency1 November 15, 2022 0 Comment

Vice-President Yemi Osinbajo has made a passionate call to the Central Bank of Nigeria to fix Nigeria’s foreign-exchange market. Osinbajo has been critical of Godwin Emefiele’s stance on retaining a managed floating of Naira...

3 Minutes

Business Economy

NDIC lists failed banks, tells depositors to come for payment

Agency1 November 10, 2022 0 Comment

The Nigeria Deposit Insurance Corporation (NDIC) has called on customers of 20 failed banks in Nigeria to come for verification and payment of their deposits that are more than the guaranteed sums known as...

2 Minutes

Economy

NBS: Nigeria’s public debt stock increases to N42.84trn in Q2 2022

Akanji Philip November 9, 2022 0 Comment

Nigeria’s public debt stock increased from N35.46 trillion (86.57 billion dollars) in the second quarter of 2021 to N42.84 trillion (103.31 billion dollars) in the corresponding period in 2002. Public debt stock includes...