The Paradox of Ponzi Schemes: A Complex Wealth Redistribution Phenomenon – By Olaoluwa Mimiola
Ponzi schemes are investment frauds that entice investors with the promise of high investment returns. Named after Charles Ponzi, who…
Category: Economy
CBN Imposes N15.42bn Fine on Zenith Bank for Regulatory Non-Compliance
The Central Bank of Nigeria (CBN) has levied a total fine of N15.42 billion on Zenith Bank Plc for failing…
Tinubu Raised 2025 Budget To N54.2 Trillion
President Bola Tinubu has raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by…
Over 65% of Nigerians Eat Unhealthy Diet – NBS
Report of a survey conducted by the National Bureau of Statistics, with support from the World Bank, shows that 71%…
FG, States, LGAs Share N1.41 trillion Allocation for October – FAAC
The federation account allocation committee (FAAC) says it shared N1.41 trillion among the three tiers of government in October 2024.…
Oyebanji Presents 2025 Budget to Ekiti Assembly
Ekiti State Governor, Mr. Biodun Oyebanji, has presented a budget proposal of about 400 billion Naira for the 2025 fiscal…
Old Naira Notes Remains Legal Tender Indefinitely – CBN
The Central Bank of Nigeria (CBN) has clarified that old naira notes will remain legal tender indefinitely, urging Nigerians to…
Bola Tinubu: A President Ready To Risk it All for Future Generations – By Michael Chibuzo
This man called President Bola Ahmed Tinubu is painstakingly doing an architectural redesign of Nigeria’s economic foundations. He has chosen…
Don’t Heed World Bank’s Advice on Economy Reform – Afenifere Warns Tinubu
The pan-Yoruba socio-cultural and socio-political organization, Afenifere, has called on the federal government to be wary of the recent advice…
South Korean Investors Secure FG Approval to Build Four Refineries in Nigeria – Lokpobiri
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said a consortium of investors from South Korea has…