Lagos State Governor, Babajide Sanwo-Olu, on Monday canvassed 42% share of the revenue in the Federation Account to states in order to correct the fiscal imbalances in the nation’s political structures. The Governor made the submissionat the 2-Day South-West Zonal public hearing organized by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) to flag off […]
The International Monetary Fund (IMF) on Tuesday stated that it expected global economic growth in 2021 to fall slightly below the 6% in earlier projected in July. The Managing Director of the IMF, Kristalina Georgieva, cited growing risks associated with debt, inflation and divergent economic trends in the wake of the COVID-19 pandemic as the […]
US Treasury Secretary, Janet Yellen, on Tuesday warned that failure to raise the country’s debt limit could hurt the dollar reserves level and by implication push the economy on a recessionary trend. This is even as she maintained that she still regarded October 18 as the debt limit deadline, adding that it is now up […]
As internet usage across the global geo-political zones deepens with increasing intensity, especially in Africa and Middle East zones, a new research report by Arizton Advisory & Intelligence, has projected that social media usage and smart initiatives in the regions will continue to drive the market over the next few years. The new research findings […]
The Central Bank of Nigeria (CBN) has reported that Nigeria spends around $2 billion annually on the importation of wheat. The apex bank’s Director, Development Finance Department, Yila Yusuf, made this disclosure, at the Wheat Conference and Stakeholder Engagement with the theme ‘Improving and Sustaining the Wheat Value Chain Development in Nigeria’ held in Abuja. […]
Insurance broker and risk advisor, Marsh, has asserted that insurers must create new forms of coverage, including programmes to support gig-workers at scale, in order to support changes in the global sharing economy and mobility sector. Analysts at Marsh in a new report found that the COVID-19 pandemic had already accelerated mobility changes such as […]
WhatsApp, Instagram, Facebook and other platforms came on stream as communication channels late Monday after over 8 hours of hitches in their operations on Monday. The online platforms, especially Facebook and Instagram, recovered from the technological hitches Monday night around 11pm Nigerian time. Confirming its recovery, the official Facebook Twitter feed announced: “To the huge […]
The Abuja Chamber of Commerce and Industry (ACCI) has advocated the need for policy measures to support investments in the country, especially those that could help indigenous entrepreneurs to grow their businesses in order to ensure sustainable growth of the nation’s economy. The Chamber’s President, Dr. Mujtaba Abubakar, in his chat with journalists at the […]
UK Chancellor of Exchequer, Rishi Sunak, on Monday disclosed that the Prime Minister Boris Johnson-led government would keep all plans to cut tax until after the next general election for tax cuts as a strategic measure to reposition the nation’s economy back on a “sustainable footing” . Sunak who gave this hint in his keynote […]
The United States’ inflation rate for the 12 months ending in August rose from 4.2 percent to 4.3 percent, the highest rate since 1991. The White House announced that the personal consumption expenditure (PCE) price index climbed 0.4 percent in August for its sixth straight increase. An analysis of the PCE indicated that the core […]