A typical example of the monetary and the fiscal policies misalignment is the recent Central Bank of Nigeria (CBN) cashless policy which was planned without consultations with the Ministry of Finance.
He also cited the absence of regulations governing pesticides use as well as farmers’ need for diversification as major challenges facing the country. He encouraged government organisations and farmers to work together to address these problems.
The current inflation rate in Nigeria is 21.07 per cent, up 0.9 percent from the rate that was registered in the previous month. Nigeria’s inflation has continued to trend upwards in nearly one year despite the CBN's interest rate hikes.
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The dissident groups had stated that elections would not occur in the region and threatened to deal with anyone who attempted to flout this rule by voting.
Nigeria is now the sixth-highest terrorism-prone nation in the world, according to the Global Terrorism Index. This has grown over the past 10 years.
In the Nigerian political system, governors pick their successors who will follow in their footsteps and protect them when out of power. Opposition governors often expose the previous governments of different political parties and sometimes lie about, belittle or deride their achievements, according to analysts.
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Election observers and candidates are entitled to access all aspects of the electoral process, such as voter registration, printing of ballots, and packaging and distributing of confidential materials.
According to reports by one of our correspondents, the Independent Electoral Commission (INEC) staff members were yet to arrive at Obiakpor Local Government Area as at 12pm.
Contrary to the views expressed by some financial experts that the Central Bank of Nigeria (CBN)’s naira redesign policy will strengthen the currency, it has turned out to weaken it against the dollar.
The volume of e-payment transactions in the last 10 years show that Nigeria has made progress on the cashless policy.
Nigeria is moving toward a full-fledged cashless society with the Central Bank of Nigeria’s introduction of the cash swap policy.
He emphasised that distribution, content, and research were impacting how digital disruptions shaped media and communication. Where and to whom people turned for information was being distorted by digital technology, and tools such as artificial intelligence, podcasts, and substack were democratising the field, he noted.
The new law emphasises the rights of people with mental and substance use disorders such as the right to fundamental human and constitutional rights without discrimination, regardless of the cause, nature, or severity of the mental disorder, and the ban on evicting people with mental disorders from their places of residence or employment on the grounds of mental disorder.
The cash withdrawal policy of the Central Bank of Nigeria is threatening to defeat the rationale behind point-of-sale (POS) services, Dataphyte analysis shows.
The scarcity naturally led to most marketers selling petrol above the official pump price of N169 per litre. Petrol costs as much as N330 per litre in many parts of the country.
