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As President Bola Tinubu’s administration marks its second anniversary, the Nigerian economy remains a subject of intense debate. While the government touts progress, the human cost of its economic reforms cannot be ignored. Nigerians are grappling with soaring inflation, increased poverty, and a depreciating naira. The statistics are alarming. Food prices have risen by over …
Continue reading “Tinubu’s Two-Year Term: Economic Reforms Amidst Human Suffering”
President Bola Tinubu’s administration has navigated complex economic reforms over the past two years, yielding mixed results. A review of key statistics provides insight into the impact of these policies. The inflation rate surged to 35% in December 2024, the highest in three decades. This sharp increase has eroded purchasing power, affecting Nigerians’ standard of …
Continue reading “Tinubu’s Two-Year Term: A Balancing Act Amidst Economic Challenges”
The recent tax reforms implemented by the Nigerian government have significant implications for the country’s economy and citizens. With a tax-to-GDP ratio rising from 10% to over 13.5% in just one year, the reforms aim to boost revenue generation while promoting economic growth and inclusivity. This notable increase in tax-to-GDP ratio indicates a substantial rise …
Continue reading “Nigeria’s Tax Reforms: A Step Towards Economic Growth and Inclusivity”
As President Bola Tinubu marks his second anniversary in office, the Nigerian economy remains a subject of intense debate. While the administration touts progress, harsh realities on the ground paint a different picture. Global financial institutions like the World Bank and IMF have expressed mixed views on Tinubu’s economic reforms. Economic Reforms: A Double-Edged Sword …
Continue reading “Tinubu’s Two-Year Term: Economic Reforms or Recipe for Disaster?”
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Friday, May 23, 2025 arraigned the trio of Samuel Ihechukwu, Fabian Chizaram and Kingsley Kelechi Ejim, who are employees of one of the first generation bank, before Justice Daniel Osiagor of the Federal High Court sitting in Ikoyi, Lagos. They were …
Continue reading “N8.5 Billion Bank Fraud : EFCC Arraigns Three Bankers, Four others in Lagos”
…urges the public to co-operate with security agencies to unravel whereabouts of 7 escapee inmates OSUN State Governor, Senator Ademola Adeleke has expressed the concern of government and good people of the state over the Ilesha Correctional jailbreak in which 7 awaiting trial inmates escaped on Tuesday. Accordingly, Governor Adeleke has vowed that no amount …
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Justice C.J. Aneke of the Federal High Court sitting in Ikoyi , Lagos, on Thursday, May 22, 2025, ordered the winding up of a fraudulent collective investment scheme firm, CJC Markets Limited, over failure to register with the Securities and Exchange Commission, SEC. He gave the order, following the arraignment of the company by the …
Continue reading “Court Winds Up Illegal Capital Market Firm in Lagos”
The Nigerian Exchange Group (NGX) has affirmed that the recent purchase of 18 million units of Fidelity Bank shares by its Managing Director/Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, was conducted in full compliance with applicable regulations. In a letter dated May 22, 2025, the regulator dismissed allegations of insider trading and the misuse of bank …
Continue reading “NGX CONFIRMS NO INSIDER TRADING WAS DONE BY THE MD/CEO OF FIDELITY BANK PLC”
Fidelity Bank Nigeria was recently embroiled in a controversy surrounding a Supreme Court ruling on a dispute between the defunct FSB International Bank and Sagecom Concepts Limited, with many questioning the potential implications for the bank’s operations. However, some analysts have insisted there is no cause for alarm. According to them , despite this challenge, …
Continue reading “Fidelity Bank’s Resilience: Strong Financials Amid Controversy”
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Awolowo on Tuesday, May 20, 2025, arraigned the duo of Kehinde Odeyemi and Matthew Adeniyi Damilola, who are both employees of Premium Trust Bank, before Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos. They were arraigned alongside Samson …
Continue reading “Premium Trust Bank Staffers Arrested For Cybercrime”
