Browsing: Business

Nigeria’s inflation rate may be among world’s highest in 2022 – World Bank

The World Bank has said Nigeria may have one of the highest inflation rates in the world in 2022. Following increasing prices diminishing the welfare of Nigerian households, the international finance institution projected that the West African country might have one of the highest inflation rates globally and the seventh highest among Sub-Saharan African countries in…

N69.4bn Debt: Jimoh Ibrahim loses bid to recover assets and bank accounts

Chairman of Global Fleet Group, Jimoh Ibrahim has lost an appeal challenging seizure of his 12 assets and freezing of all his accounts by the Asset Management Corporation of Nigeria (AMCON). Prior to the recent ruling, Justice Rilwan Aikawa of the Federal High Court, Lagos had issued an order authorizing AMCON to take over Ibrahim’s assets over an alleged N69.4billion…

1 2 3 10