IMF reviews Nigeria’s economic growth to 3.3%

The International Monetary Fund has reviewed upwards Nigeria’s economic growth forecast for 2024 from three per cent to 3.3 per cent. This revision was announced in the IMF’s World Economic Outlook for April, which was released during the ongoing 2024 Spring Meetings of the World Bank and IMF in Washington, United States. The updated forecast […]

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Naira abuse: EFCC detains Cubana Chief Priest ahead of arraignment today

The Economic and Financial Crimes Commission has detained businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, preparatory to his arraignment today (Wednesday) before the Federal High Court in Lagos. Cubana Chief Priest will be arraigned before Justice Kehinde Ogundare on three counts bordering on abuse of naira, by allegedly spraying and tampering […]

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Nigeria’s inflation rate will drop to 23% by 2025 -IMF

In a recent release of its Global Economic Outlook at the International Monetary Fund/World Bank Spring Meetings in Washington D.C., on Tuesday, the IMF provided projections for Nigeria’s economy, indicating a significant shift in inflation rates. Division Chief of the IMF Research Department, Daniel Leigh, highlighted the impact of Nigeria’s economic reforms, including exchange rate […]

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FG writes governors as agency predicts flooding in 31 states

•FG agency lists LGs in A’Ibom, Lagos, Adamawa, Ogun, Benue, 26 others as high flood risk areas •Benue demolishes riverside buildings, Lagos directs residents to relocate, Sokoto, Edo, others begin campaigns The Federal Government has written at least 31 governors informing them of the impending flooding in their states between April and November this year. […]

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S/West Govs Move Against Yoruba Nation Agitators

Following last weekend’s invasion of Oyo State Government House by Yoruba Nation agitators, governors in the South-West geopolitical zone have made moves to quell any insurrection in the name of agitation, Daily Trust checks have shown. The agitators had invaded the Government House following the declaration made by Ms. Modupe Abiola Onitiri, a wife of […]

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