Category: Economy

Senate of The Federal Republic of Nigeria ask CBN to suspend ATM card maintenance charges

Senate ask CBN to suspend ATM card maintenance charges:The Senate has passed a resolution calling on the Central Bank of Nigeria to suspend the ATM card maintenance charges being deducted from customers. The Senate made this known via a tweet…

Economists win Nobel for work on climate and growth

Economists win Nobel for work on climate and growth This year’s Nobel prize for economics has been awarded to William Nordhaus and Paul Romer for their work on sustainable growth. The US economists’ research focuses on how climate change and…

CBN to fine banks N10,000 for failed e-transactions

CBN to fine banks N10,000 for failed e-transactions:Central Bank of Nigeria has told Nigerian banks that any failed electronic transaction without reversal to the customer’s account within 24 hours will attract a fine of N10,000. The sanction takes effect from…

Texas to pass Iraq and Iran as world’s No. 3 oil powerhouse

Texas to pass Iraq and Iran as world’s No. 3 oil powerhouse:The shale oil boom has brought a gold rush mentality to the Lone Star State, which is home to not one but two massive oilfields. See Also:Nigeria’s central bank…

Nigeria overtake India in extreme poverty level

Nigeria overtake India in extreme poverty level:Nigeria has overtaken India as the country with the largest number of people living in extreme poverty, with an estimated 87 million Nigerians, or around half of the country’s population, thought to be living…

Bitcoin prices have been manipulated, Study Reveals

  Bitcoin prices have been manipulated, Study Reveals.Bitcoin’s remarkable run last year may have been smoke and mirrors. Tether, another digital currency tied to the US dollar, was used to artificially inflate bitcoin prices, according a study released Wednesday by…

Trump Administration might cause recession on US Economy

The US economy is strong, but most Americans aren’t feeling any richer. “Consumers are still very fragile,” Stifel Chief Economist Lindsey Piegza said on CNNMoney’s “Markets Now” on Wednesday. “Their economic footing hasn’t really changed or improved.” Piegza said that…