Samuel Nwite
AUTHOR: Samuel Nwite
Polaris Bank Sold by Central Bank of Nigeria and AMCON
Following the approval of the sale of Polaris Bank by the House of Representatives on Wednesday, the Central Bank of Nigeria (CBN) and the...
Nigeria Announces Plan to Convert N20tn CBN’s Ways and Means Loans to 40-year Bonds
As Nigeria continues to grapple with growing public debt, the federal government, overwhelmed by debt-servicing, has been pushing to restructure its debt.
Although last week,...
British Prime Minister Liz Truss Resigns After Six Weeks in Office
It ended almost as soon as it started. British Prime Minister Liz Truss has resigned, following a horde of criticism buoyed by the market...
Nigeria’s Budget Deficit to Worsen As NLNG Declares Force Majeure
Nigeria’s flood disaster that is rapidly escalating across its states has created further economic challenges for the country. In addition to over 600 deaths,...
Microsoft Lays Off 1,000 Employees As the Fear of US Recession Grows
Global economic downturn has continued to take a toll on industries, forcing tech companies to cut down workforce. Some big players in the American...