Day: September 19, 2024

Fuel Subsidy Removal, Others Can Pose Risk To External Reserves – CBN

ADEOLA YUSUF

CBN disclosed this in its Monetary, Credit, Foreign Trade and Exchange Policy guidelines for fiscal years 2024/2025. However, the apex bank projected an overall positive economic growth for the period based on continued policy support to the agriculture and oil sectors, reforms in the foreign exchange market, and the effective implementation of the Finance Act 2023 and the 2022-2025 Medium-Term National Development Plan (MTNDP). The apex bank stated: “The outlook for Nigeria’s external sector in 2024/2025 is optimistic, on the expectation of favourable terms of trade, occasioned by sustained rally…

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‘Separating Facts from Fiction,’ Yoruba Stakeholders Assembly Speaks On Petrol Pricing In Nigeria

ADEOLA YUSUF

‘Seven facts to consider,’ Word-for-word of statement Comrade Dayo Olawale, Convener, sent to Platforms Africa As a committed voice for transparency and awareness in Nigeria, the Yoruba Stakeholders Assembly seeks to address the recent misinformation surrounding the pricing of Premium Motor Spirit (PMS) in the country. In this era of rampant speculation and misinformation, it is crucial to separate fact from fiction—especially when the livelihoods of ordinary Nigerians are at stake. Let this statement serve as a reminder that informed citizens are the backbone of a thriving democracy. A nuanced…

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