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Report: With Rising Poverty, Unemployment, Nigeria Sitting on Time Bomb

Report: With Rising Poverty, Unemployment, Nigeria Sitting on Time Bomb
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Obinna chimaFinancial derivatives company limitedBoko haramஓபின்ன சிமாநிதி வழித்தோன்றல்கள் நிறுவனம் வரையறுக்கப்பட்டவைபோக்கோ ஹராம்

As Ghost of Fuel Subsidy Removal Lurks Around

The benefits of the fuel subsidy removal far outweighs the pains associated with the expected rise in petrol pump price due to the upswing in crude oil price, writes Obinna Chima The rising cost of Brent crude oil and its attendant implication on petrol price in the country appears to have resuscitated the age-long debate over fuel subsidy removal in Nigeria. Once more, there has been divergent views about this policy which until it was phased out last year, was a thorn in the flesh of successive governments in the country. For instance, the federal government had disclosed that the nation spent N10. 413 trillion on fuel subsidy between 2006 and 2019, even as the country consistently grappled with low revenue generation over same period.

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CBN s fight against inflation failing, say economic experts – Punch Newspapers

Punch Newspapers Sections Okechukwu Nnodim, Abuja Economic analysts on Tuesday said the continued rise in the rate of inflation across the country showed that the fight against inflation by the Central Bank of Nigeria was failing. Experts in firms such as the Financial Derivatives Company Limited and Cordros Group, both renowned financial services organisations, stated that the rise in Nigeria’s rate of inflation had lingered for about four years. “As widely expected, headline inflation jumped to its highest level in almost four years, serving as a rude awakening to the CBN that its fight against inflation is failing,” the FDC stated while analysing the country’s latest inflation figure.

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Rewane: Heirs Holdings $1 1bn OML 17 Deal to Boost Job Creation

By Obinna Chima The Managing Director of Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane has said Heirs Holdingsâ (HH) $1.1 billion investment in the acquisition of the strategic OML 17 from Shell, ENI and Total, will lead to job creation, transfer of technology and improved management skills. Rewane, who said this during a chat on BBCâs âNEWSDAY,â noted that the investment serves the objective of economic patriotism. âFirst and foremost the profit is retained by Nigerians, so that helps. Everywhere across the world, sovereign nations and host communities are trying to have a skin in the game, rather than having the structure where the multinationals come in and get all the revenues out.

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Rising Food Prices Push Inflation to 15 75%

Rising Food Prices Push Inflation to 15 75%
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Nigeria generalAbuja federal capital territorySokoto statesJames emejoCordros capitalFinancial derivatives companyNational bureau of statisticsConsumer price indexNational bureauAkwa ibomFinancial derivatives company limitedBismarck rewaneCapital limitedநைஜீரியா ஜநரல்கூட்டாட்சியின் மூலதனம் பிரதேசம்நிதி வழித்தோன்றல்கள் நிறுவனம்