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[Explainer] Why Nigeria is experiencing food scarcity

By The Insight Team June 25, 2024 178 2

By Theophilus Abbah Scarcity, not caused by an increase in fuel price and devaluation of the Naira Crop production dipped since 2023 due to the activities of bandits Farmers in Plateau, Kaduna, Zamfara, Kaduna, Kogi Katsina prevented from planting and harvesting Irish potatoes, yam, rice, tomatoes, pepper, maize Waters from Bakalori dam, previously utilized by […]Continue Reading

Features News Politics Top Story

Tinubu’s 12 long and short leap in first year

By The Insight Team June 17, 2024 153 0

Theophilus Abbah   Increased monthly allocations to states and local governments: On May 29, 2023, after his inauguration as President, Tinubu’s first decision was the removal of fuel subsidy, a decision that previous presidents considered crucial but too sensitive to make. However, that singular statement has put a lot of money in the pockets of […]Continue Reading

News

ONE Campaign urges World Bank President to prioritise reforms for sustainable finance access in vulnerable countries

By The Insight Team August 5, 2023 191

  As World Bank President, Ajay Banga, embarks on a three-day visit to Nigeria, The ONE Campaign calls on him to prioritise and implement critical reforms to enhance access to sustainable finance for vulnerable countries, particularly in Africa. The unprecedented global challenges, including conflict, climate change, the COVID-19 pandemic, and economic crises, Continue Reading

News

Forensic Audit of CBN underway as we win back investor confidence, President Tinubu tells World Bank Chief

By The Insight Team August 5, 2023 180

  President Bola Tinubu says a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is imminent. The President disclosed this during an audience with the President of the World Bank, Mr. Ajay Banga on Friday at the Presidential Villa, Abuja. ”A comprehensive forensic audit is […]Continue Reading

Opinions Top Story

Tinubu should energize the industrial sector for economic growth

By The Insight Team June 26, 2023 226

By Daniel Adaji President Bola Ahmed Tinubu, from his campaign promises and antecedents, is favourably disposed towards the industrial development of Nigeria. His speeches are punctuated with references to the need to revive the manufacturing sector, create jobs, and ensure the country is a big player in international economy. During his campaign in October 2022, […]Continue Reading

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FIRS breaks Its 2021 record, collects N10.1 trillion In 2022

By The Insight Team January 23, 2023 285 0

By Daniel Adaji The Federal Inland Revenue Service (FIRS) has announced that it collected over N10 trillion in tax revenue in the year 2022, the highest tax collection ever recorded in its history.   The Service made this known in its “FIRS 2022 Performance Update,” report signed by its Executive Chairman, Mr. Muhammad Nami, and […]Continue Reading

Fact Check Banking Blogs Business Features Investigations Media Opinions Top Story Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

Fact-check: Did armed robbers raid UBA in Ankpa?

By The Insight Team September 13, 2022 373 3

By Daniel Adaji Armed robbers attacked banks in Ankpa Local Government Area of Kogi State onTuesday September 6, 2022. This attack was the second most gruesome in 10 years and it left at least two persons dead, several others wounded and a Police Station shattered. Claim: Several media organisations reported that three bank branches: United […]Continue Reading

Investigations

[Explainer]: How did ‘Abacha loot’ happen? How are the recovered funds being spent?

By The Insight Team August 27, 2022 461 Post a comment

Some persons who aided the looting under Abacha are still alive, walking freely in Nigeria; some holding and/or aspiring for high political positions today By Theophilus Abbah The phrase ‘Abacha loot’ entered into  global anti-corruption lexicon in the post-military rule in 1999, and it is used to describe the recovery of huge funds  in foreign […]Continue Reading

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AfDB impacts in Africa endorse Adesina’s second-term bid as president

By The Insight Team July 17, 2020 261 0

By Theophilus Abbah The impact of Dr Akinwumi Adesina’s presidency at the African Development Bank (AfDB) in the last five years could be felt and touched in many parts of Africa. They speak eloquently in favour of his re-election as president of the development bank, in spite of opposition from the United States. At an […]Continue Reading

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How to deal with economic fallout of Coronavirus

By The Insight Team March 6, 2020 269 0

…Roles of CBN, Ministry of Finance Apart from being a health challenge, Coronavirus is taking its toll on the economy of many countries, including Nigeria. For instance, capital markets have been plummeting, with a huge loss as high as 10 per cent, in the last few weeks. Many economies are not functioning effectively, as supply […]Continue Reading