Samuel Nwite
AUTHOR: Samuel Nwite
Nigeria’s Inflation Rate Climbs to 27.33% in October, As the Cost of Goods &...
Nigeria's inflation rate surged to 27.33% in October, marking an increase from the previous month's rate of 26.72%, as reported by the National Bureau...
Economic Woes Cast Shadows on Tinubu’s Early Presidency, Amid Public Outcry and Loan-Seeking Approach
Barely five months since President Bola Tinubu assumed office, the Nigerian economy has maintained an accelerated downward trajectory – resulting in public outcry. Inflation...
Tinubu Negotiates Multi-billion Naira Infrastructure Financing with Islamic Development Bank
President Bola Tinubu, currently in Mecca, Saudi Arabia, has entered advanced negotiations with the Islamic Development Bank for a multi-billion dollar infrastructure finance facility.
This...
Old Naira Notes Remain Legal Tender Indefinitely – Central Bank of Nigeria
The Central Bank of Nigeria has extended the validity of the old naira notes indefinitely, annulling the December 31, 2023 deadline set by the...
The CBN Lacks The “Magic Wand” to Address Nigeria’s Current Economic Challenges – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has conceded that the central bank lacks a "magic wand" to address the...