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We Haven’t Declared Matawalle Wanted – EFCC

The Economic and Financial Crimes Commission (EFCC) Sunday afternoon debunked a report by the SundayTribune, indicating that it declared former governor of Zamfara State, Bello Matawalle, wanted over an alleged N70 billion fraud. Several other online publications (Prime Business Africa not included)

June 18, 2023

Tinubu Sets Up Tax Reforms Committee, Names PwC’s Oyedele As Chairman

News·Top Stories

Tinubu Seeks Governors’ Support, Lists Priority Areas

President Bola Tinubu Thursday in Abuja said the task of turning around Nigeria’s economy from the age-long status of “potential to pragmatic’’ had started with the removal of fuel subsidy and unification of exchange rates, urging the 36 state governors to join

June 15, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Uncategorized

FX Liberalisation May Increase FAAC Allocation To States By 20%

The new FX liberalisation will potentially increase federal allocation to states by about 15% to 20%, as the dollar component of the government revenues settle into the federation account at new official rate. The Federal Account Allocation Committee (FAAC) is responsible for

June 15, 2023

Business News·Finance & Economy·News

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Indications are rife that, given the Central Bank of Nigeria’s decision to float the Naira, many Nigerian banks will soon raise new equity capital to shore up their capital base, while those with positive net FX exposure will book exchange rate gains

June 14, 2023

Business News·Technology

Nigeria’s Telecom Access Gaps Drop by 53%

The number of identified areas of clusters across Nigeria without access to the telecommunications services has been reduced by 53.1 per cent as at the end of 2022. The Executive Vice Chairman and Chief Executive Officer of the Commission, Prof. Umar Garba

June 14, 2023

Business News·Currency·News

10 Gains Of CBN’s Exchange Rate Unification – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) says it welcomes the bold step taken by the Tinubu administration to unify the naira exchange rate and unlock the huge potentials for investment, jobs and capital flows. According to Dr Muda Yusuf,

June 14, 2023

Business News·News·Oil & Gas

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

To ensure inclusive, impactful and sustainable palliative measures on fuel subsidy removal, there are at least 26 things the Nigerian government must do in the immediate, short and medium term, according to the Centre for the Promotion of Private Enterprise (CPPE). The

June 11, 2023

Business News·Currency·News

Naira-Dollar Rate May Hit N630 On Emefiele Suspension, Arrest – Expert

How will the naira in the coming weeks respond to the goings-on in the Central Bank of Nigeria (CBN), given the suspension and eventual arrest of governor Godwin Emefiele? Lagos-based economic analyst, Razaq Abiola, believes that the current happenings at the CBN will

June 11, 2023

Business News·Opinion

Was There Ever Fuel Subsidy In Nigeria?

The military regime of Olusegun Obasanjo in 1977 promulgated the Price Control Decree (later Act). The law makes it illegal for some products (including fuel) to sell beyond government’s set prices. Remarkably, the official price of fuel in Nigeria is always below

June 10, 2023

Nearly Half Of U.S Citizens Seek Verdict On Trump's Election Subversion Charge As November Polls Approach

News·World News

Trump Faces 37 Criminal Charges – See 47-page Indictment Document

U.S. Federal prosecutors have filed 37 criminal charges against Donald Trump. They accused the former president of illegally mishandling some of the US government’s most sensitive national security secrets. See below the 49-page indictment paper containing general allegations as sighted by Prime

June 9, 2023

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Editor

We Haven’t Declared Matawalle Wanted – EFCC

Tinubu Seeks Governors’ Support, Lists Priority Areas

FX Liberalisation May Increase FAAC Allocation To States By 20%

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Nigeria’s Telecom Access Gaps Drop by 53%

10 Gains Of CBN’s Exchange Rate Unification – CPPE

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

Naira-Dollar Rate May Hit N630 On Emefiele Suspension, Arrest – Expert

Was There Ever Fuel Subsidy In Nigeria?

Trump Faces 37 Criminal Charges – See 47-page Indictment Document

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