Economy Archives - Page 49 of 69

Apr

25

2023

Our promise to deliver new Nigeria in motion – Tinubu

NewsBola Ahmed Tinubu, Economy, Next Level, Nigeria, Opinion, Politics

President-elect, Bola Ahmed Tinubu has reassured Nigerians of his plans toward birthing a new and better Nigeria via his incoming administration. The former Lagos State governor gave the assurance in a tweet on his verified handle whil thanking Nigerians for the warm welcome he received on Monday when he landed in Abuja from France. He wrote, “I am extremely excited to be back home and deeply humbled by the warm welcome I received on my return to Abuja today. “Thank you all for your love and support. Our promise to deliver a nation of Renewed Hope for all Nigerians remains…

Apr

22

2023

By Kalu Odinakachi

Sowore rejects Buhari’s apology – Pains you caused Nigerians will haunt you

Economy, Metro, Opinion, Politics2023, Bandits, Crime, Economy, Metro, Next Level, Nigeria, Opinion, Politics, Security

The presidential candidate of the African Action Congress, AAC, in the 2023 general election, Omoyole Sowore has rejected an apology offered to Nigerians by President Muhammadu Buhari as his administration wind-up. Buhari had on Friday asked Nigerians to pardon him, especially those he might have hurt while discharging his duties. Reacting to Buhari’s apologies, Sowore in a tweet on his official handle, reeled out reasons the president may never be forgiven. Sowore said the president did not only hurt Nigeria but dehumanized citizens of the country with some unfavourable policies. He declared that the opportunities President Buhari “crushed will continue to…

Apr

16

2023

By Freeman

IMF advices African countries including Nigeria to adjust exchange rate

Business, Economy, MetroAfrica, Business, Economy, IMF, Metro, Nigeria

The International Monetary Fund has advised Sub-Saharan African countries to seek currency adjustments (devaluation) due to the realities of rising global interest rates and limited access to funding. The fund opines that “some adjustment of currencies seems unavoidable in many cases” even if their reaction was to resist it. “There are certainly some reasons for sub-Saharan African countries to resist exchange rate pressures, including an elevated share of foreign-currency debt and weakly anchored inflation. But countries have to adjust to new fundamentals of higher global interest rates and tighter financing conditions that are expected to last into the foreseeable future. For most countries, the…

Apr

16

2023

By Amos Oge Kalu

Meet Emmanuel Njoku, 21-year old drop out and founder of Lazerpay

Business, Economy, Education, LifestyleEconomy, Education, Lifestyle, Metro

One of the hottest topics among netizens in recent weeks is the shutdown of Lazerpay, a web3 and crypto payment company, that was transforming crypto payment experiences for individuals and businesses across the world. The CEO and co-founder of Lazerpay is Emmanuel Njoku, an audacious young man, who dropped out of school at age 19 to fund the startup. Emmanuel Njoku was born and raised in Port Harcourt, Rivers State Nigeria. He would recount that his family was pretty competitive and so, he always put extra effort into his studies. Born to an engineer father and a school teacher mother,…

Apr

12

2023

By Amos Oge Kalu

National assembly proposes 10-year jail term for Ponzi scheme promoters

Business, Economy, Metro, PoliticsBusiness, Economy, House of reps, Nigeria, Politics

The National Assembly has passed the Investment and Securities Bill, which includes provisions for possible jail sentences for those who promote Ponzi schemes in Nigeria. The Investment and Securities Service Bill 2023 finally scaled through the final hurdle of the National Assembly when the Senate passed it on March 29. The bill, which is expected to aid the functioning of the capital market and facilitate the ongoing economic diversification in the country, had been passed by the House of Representatives in December. It is only awaiting presidential assent to become law. At the plenary, the Senate President, Ahmad Lawan, stated…