Economy

PIB will destroy our economy, must be stopped – Northern group tells NASS

The Coalition of Northern Groups, CNG, has declared that the Petroleum Industry Bill, PIB, would weaken the Northern economy.

CNG said the PIB would have a devastating effect on the economy of the North because residents would be forced to buy fuel at “disabling inflated prices.”

Abdul-Azeez Suleiman, the group’s spokesman, made the remark while cautioning the National Assembly against passing the Bill.

In a statement, Suleiman said: “The CNG, having been convinced that the Bill, if passed and implemented would be the final nail that will permanently seal the fate of the North economically and socially, hereby resolves to:

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COVID-19, poor economy trigger low investment in warehousing | The Guardian Nigeria News


Except the Federal Government reviews its economic policies, increase manufacturing activities and provide conducive environment for export, Nigeria’s industrial warehouse space may continue to nosedive, stakeholders have warned.

They said poor state of the economy, which worsened following insecurity in the country, rising exchange rates and outbreak of COVID-19 necessitated the growth of logistic firms and shift in demand for industrial to commercial and medium-size warehouses by investors.

A recent real estate report by Ubosi, Eleh and Company showed that the demand for warehouse around several cities in the country is not expected to increase despite the sustained growth in

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Jega portraying ignorance… unlike APC, we gave Nigeria robust economy

The Peoples Democratic Party (PDP) has cautioned Attahiru Jega, a former chairman of the Independent National Electoral Commission (INEC), against comparing the party with the ruling All Progressives Congress (APC).

Jega, in an interview with BBC Hausa, warned Nigerians against reelecting the PDP and APC into office in subsequent elections, citing their alleged failure to bring development to the country in the past 20 years.

While the PDP ruled the country from 1999 till 2015, the ruling APC took over power in 2015.

In a statement on Monday, Kola Ologbondiyan, national publicity secretary of the PDP, said the

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Inside world of small businesses keeping Lagos night economy alive

As darkness gradually envelopes the skies, Kabir Adamu begins to set up his makeshift kiosk ahead of the day’s business. Some young men in loose ties walked lazily past Mr Adamu’s tables as he struggled to put on two rechargeable lamps, unperturbed by the cacophony of voices from passers-by and commuters.

Once switched on, he directed the two lamps towards his barbecued meat, sandwiched in the midst of onions and cucumber. Some metres away from Mr Adamu’s Suya spot, a generating set comes alive, providing better illumination for him and other petty traders and commuters alike.

The time was 8:45pm

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Biden misunderstands basic economics | TheHill

According to the law of supply and demand, when the government prints or borrows trillions of dollars, the value of the dollar declines, and prices rise. That is called inflation.

According to President Biden, when the government prints or borrows trillions of dollars, the value of the dollar doesn’t decline, and prices decrease. That is called, to borrow a Biden-ism, malarkey.

Per the president, “My Build Back Better plan will be a force for achieving lower prices for Americans looking ahead. It’s another reason why these investments are so important.”

So, showering the economy with $6 trillion in

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Canceling student loan debt will barely boost the economy, but a targeted approach could help certain groups

At the end of June 2021, 43 million borrowers – or about 14% of all adults in the U.S. – owed approximately US$1.59 trillion in outstanding federal student loans. Although in many cases the media has focused on borrowers with extremely large balances – such as the orthodontist who owes over $1 million in student loans – the average balance is a more modest $39,351 per borrower with an average monthly payment of $393 per month. The standard repayment period for $39,351 in student loans is 20 years.

The amount of student debt outstanding varies greatly based on the type

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Lebanon’s hospitals fear new COVID wave as economy begins to collapse

Lebanon”s deepening economic crisis has piled pressure on hospitals, leaving them ill-equipped to face any new wave of the coronavirus, a top hospital director has warned.

Already struggling with shortages of medicine and an exodus of staff abroad, the country’s health facilities are now also having to contend with almost round-the-clock power cuts.

“All hospitals…are now less prepared than they were during the wave at the start of the year,” said Firass Abiad, the manager of the largest public hospital in the country battling COVID-19.

“Medical and nursing staff have left, medicine that was once available has run out,” and

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Opinion | Biden Is Asking for $4 Trillion. Congress Shouldn’t Give It to Him.

Prices are rising rapidly, and elevated inflation is likely to remain through at least the next year. Congress shouldn’t make matters worse by signing a $4 trillion check for President Biden’s economic plan, which Democratic leaders are looking to push through even without Republican support.

The payments to households and other spending on social programs that the plan calls for would increase demand at a time when it is already strong. More demand in the face of limited supply would increase inflationary pressures, threatening the longevity of the current economic expansion.

Relative to the same month the year before,

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Does America face a slowdown in economic growth?

IT WAS INEVITABLE that global economic growth would slow from the breakneck pace set as economies recovered from the pandemic. Lately, investors have begun to worry about something worse: that America’s economy, which has led the rich-world rebound, could decelerate sharply. As well as supply bottlenecks and the withdrawal of economic stimulus, the country, like many others, now faces the ultra-infectious Delta variant. A painful slowdown remains unlikely. But the renewed spread of the virus is the biggest of those three dangers.

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French Bee economy vs. premium





French Bee economy vs. premium – The Points Guy






















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