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Breaking News | Seplat's Diversification To Energy Solutions To Boost Economy — Orjiako

The Streetjournal Magazine is an online investigating media house that specializes on systematic, serious crimes, political corruption or corporate wrongdoing. ....

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Re: CBN and Corporate Cover Up

By Paul Nwabufo
I was filled with apprehension and anxiety when I saw the above online publication in the Guardian Newspaper of 3rd May 2021, written by Geoff Iyatse (Assistant Business Editor).
I was apprehensive because I thought that a massive fraud perpetrated by the Central Bank of Nigeria had been uncovered. I was also anxious because of the magnitude of damage such exposure would cause the financial system and the economy.
The opening paragraph of the write-up actually heightened my apprehension and anxiety, see: ‘Until last week, many Nigerians without insider knowledge of what goes behind the banking halls thought the country could count on a stable financial system as it pulls through the battered economy’. In the next paragraph, I was expecting a bombshell of dirt dug up by this ‘investigative journalist’ only to be confronted by his confusion and pedestrianism: ‘Sadly, the Central Bank EXPOSED (emphasis mine) what has become clandestine affairs (s ....

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CASH CRISIS: Tough survival choices confront states — Experts

By Peter Egwuatu, Assistant Business Editor, Nkiru Nnorom, Tunde Oso & Nnamdi Ojiego
Following the financial crisis across the 36 states of the federation, economic experts have suggested measures to be taken for the sub-national governments to survive.
As of press time, many states of the federation appear cash-strapped following the fall in revenue accruable to the federation account.
This has resulted in the drop in the monthly allocation to states from the Federal Account Allocation Committee, FAAC.
According to the National Bureau of Statistics, NBS, the Internally Generated Revenue at state Level Q4 of 2020 including the Federal Capital Territory, FCT, decreased from N3.8 trillion in 2019 to N3.599 trillion in 2020. ....

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WORSENING UNEMPLOYMENT: Why jobs are disappearing in Nigeria, by experts

WORSENING UNEMPLOYMENT: Why jobs are disappearing in Nigeria, by experts
On
By Peter Egwuatu, Assistant Business Editor, Tunde Oso & Nkiru Nnorom
Unemployment rate in Nigeria rose from 27.1 percent to 33.3 percent from December to March 2021, according to the National Bureau of Statistics, NBS.
The NBS explained that the number of unemployed Nigerians rose to 23.19 million in the fourth quarter (Q4) of 2020 on the back of job losses occasioned by the outbreak of COVID-19 pandemic and its stifling impact on businesses during the period.
The Q4 unemployment rate report titled: ‘Labor Force Statistics: Unemployment and Underemployment Report’, showed that the number is 6.5 percent higher compared to 21.77 million. ....

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