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Economics at tv360nigeria.com

Saturday, Nov 9

17

Trump Names Campaign Manager Susie Wiles As Chief Of Staff

U.S. President-elect, Donald Trump, has named his campaign manager, Susie Wiles, as White House chief of staff on Thursday, his first major appointment since winning this week’s election. “Susie is tough, smart, innovative, and is…

U.S. Charges Man Over Alleged Iranian Plot To Kill Donald Trump

The United States government has brought charges against an Iranian man in connection with an alleged plot to assassinate Donald Trump before he was elected president on Wednesday On Friday, Nov. 8, the U.S. Department of Justice unsealed…

15

New tax bills to end revenue collection roles for NUPRC, Customs, Others

The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has explained that new tax reform bills under consideration at the National Assembly aim to stop approximately 60 federal agencies from collecting taxes, allowing them…

Friday, Nov 8

Incessant Grid Collapses: Power Minister Orders Immediate Implementation of Committee’s Report

The Minister of Power, Adebayo Adelabu, has ordered the TCN and other relevant agencies of the ministry to begin the immediate implementation of the recommendations of the inter-agency committee. According to a statement by the Special…

INEC declares Harris winner, tells Trump to go to court, netizens joke on U.S. election

For various personal reasons, many Nigerians became actively engaged in the recently concluded 2024 United States presidential election. They passionately campaigned for their preferred candidates, particularly Kamala Harris and Donald…

14

CBN Targets $1 Billion in Monthly Remittances as Cardoso Unveils 1st Year Achievements

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has highlighted the milestones in the bank’s ongoing economic reform agenda, including a new target to increase foreign remittances to $1 billion monthly. According to a…

13

American Emigration Interest Surges amid Potential Second Trump Presidency

As early exit polls suggested a potential second term for former President Donald Trump, many Americans began considering an exit of a different kind—moving abroad. Data from Google revealed a notable surge in searches related to…

Harness Capital Market Potential, Sec Urges Stockbrokers

The Director-General of the Securities and Exchange Commission, Emomotimi Agama, has challenged stockbrokers and other capital market stakeholders to harness the full potential of the capital market to achieve a prosperous and sustainable…

Nigeria’s Economy is Gradually Rebounding with our Administration’s Reforms – Tinubu

President Bola Ahmed Tinubu says Nigeria’s economy is gradually making a rebound, attributing the progress to sustained reforms being implemented by his administration across various sectors. Tinubu applauded the role of the media in the…

FG, Lagos stakeholders push for digital economy, e-governance bill

The Federal Government met with stakeholders in Lagos on Thursday to discuss the proposed Digital Economy and e-Governance Bill, part of a series of consultations designed to shape a nationwide legal framework for the digital economy. The…

12

Kano Governor Dismisses Rumors of Rift, Affirms Strong Relationship with Kwankwaso

The Kano State Governor, Abba Yusuf has denied claims of discord with his political mentor, Senator Rabiu Kwankwaso, insisting that their relationship remains strong and based on mutual respect. In a meeting with journalists on Wednesday,…

Lokpobiri showcases Nigeria’s strategic reforms in oil sector, invites foreign investors

At the Africa Energy Week 2024 (#AEW2024) in Cape Town, Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, engaged with international investors, highlighting Nigeria’s significant potential as a key…

Thursday, Nov 7

19

FRSC Warns Against Reckless Driving, as Crash Claims Life in Lagos

The Federal Road Safety Corps (FRSC), Lagos Sector Command, says a fatal accident involving multiple vehicles on the Kara Bridge section of the Lagos-Ibadan Expressway has claimed one life. The FRSC Lagos State Sector Command, led by Corps…

Bank Of England Cuts Interest Rate as Inflation Slows

UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last week’s Budget. The Bank cut interest rates to 4.75% from 5% in a move that had been widely expected. But it…

Canada Government Orders Shutdown of Tiktok Business Operation

The Canadian government has ordered Chinese-owned TikTok to shut down its business operations in Canada, citing national security concerns. The decision, announced on Wednesday, mandates the closure of TikTok’s offices in Toronto and…

CNG Vehicle Safety: Presidency Speaks amid Malaysia’s Phase-Out Plans

The Malaysian government’s plan to phase out natural gas-powered vehicles by July 2025 has sparked strong reactions in Nigeria, especially as the country continues to advocate for Compressed Natural Gas (CNG) as a safer and more affordable…

17

Kano Govt. Allots 13% to Education in N549bn 2025 Budget Expenditure

Governor Abba Yusuf presented a historic N549.16 billion 2025 budget to the Kano State House of Assembly, prioritising education, health, and infrastructure. Dubbed the “Budget of Hope, Human Capital, and Economic Development,” the plan…

16

Boxer Imane Khelif Takes Legal Action Over Gender Reports

The International Olympic Committee announced on Wednesday that Imane Khelif, the Algerian boxer who won Olympic gold despite a dispute over her gender eligibility, is suing over media stories regarding her medical data. According to…

15

FAAC revenue hits N6.28 trillion in Q2 2024 as VAT, import duties offset low oil earnings

The revenue of the Federation Account earnings (FAAC) rose to N6.28 trillion in the second quarter of 2024, driven by significant collections from Value Added Tax (VAT), customs, and excise duties. These sources dominated earnings within…

FX appetite drives up mutual funds assets by 81.5 % to N3.5trn

The obsession for foreign currency, specifically the US Dollar, has driven investors towards dollar denominated financial assets in the mutual funds segment resulting in an all time growth rate of 81.5% year-on-year, YoY, in the segment in…

13

Australia Moves to Ban Children Under 16 From Social Media

Australia’s prime minister has vowed to ban children under 16 from social media, saying the pervasive influence of platforms like Facebook and TikTok was “doing real harm to our kids”. The tech giants would be held responsible for…

Wednesday, Nov 6

16

US election 2024: Nigeria Felicitates With Trump As President

Nigerian President, Bola Tinubu has congratulated Donald Trump on winning the US presidential election. The election of a new president is not just a big deal for the US as a new leader in the White House can transform the country’s…

Enugu withdraws from governors’ suit challenging EFCC, NFIU

The Enugu State Government has withdrawn from a lawsuit filed by 16 state governments in the Supreme Court, challenging the authority of the Economic and Financial Crimes Commission (EFCC), the Nigeria Financial Intelligence Unit (NFIU),…

15

Trump praises ‘super genius’ Elon Musk in victory speech

Donald Trump took the stage in West Palm Beach, Florida, rallying his supporters and praising tech billionaire Elon Musk as a rising force in American politics. He further described Musk as “a character, he’s a special guy, he’s a super…

Spain unveils $11 billion aid plan after catastrophic floods

Spain has announced an aid package worth 10.6 billion euros ($11.5 billion) to rebuild regions devastated by its worst floods in a generation that have killed 219 people. The exceptional Mediterranean storm that lashed eastern Spain…

13

Donald Trump Wins US Election in Stunning Political Comeback

Donald Trump has won the US presidential election, media said Wednesday, defeating Kamala Harris in a stunning political comeback that will send shock waves across the world. The polarizing Republican’s victory, following one of the most…

Re-election for Tlaib and Omar, First Muslim Women to Serve in US Congress

The Democratic Party’s Rashida Tlaib and Ilhan Omar – the first two Muslim women to serve in the United States Congress – have won re-election to the US House of Representatives. Tlaib, who is also the first woman of Palestinian descent in…

World Leaders Congratulates Trump as He Claims U.S. Election Victory

World leaders have sent congratulatory messages to former President of the United States, Donald Trump, after he claimed victory in the November 5 presidential election. Trump, while addressing supporters in Florida, declared victory in…

Russia Rejects Links to Bomb Scares at Polling Places in Key US States

Moscow has described as “malicious slander” reports that fake bomb threats directed at polling locations in four battleground states in the United States election—Georgia, Michigan, Arizona and Wisconsin – originated from Russian email…

President Tinubu Congratulates Trump, Looks Forward to Strengthen US-Nigeria Relations

President Bola Tinubu has extended his heartfelt congratulations to President Donald Trump on his re-election as the 47th President of the United States of America. In a statement by Special Adviser to the President (Information & Strategy…