By Martin Ayankola Tuesday, 6 Jul 2010    The Federal Government‘s spending on fuel subsidy has hit N120bn, our correspondent has gathered.It was learnt that the amount was the total expenditure on subsidy between the first and second quarters of the year.  A top official in one of […]
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IMF wants bank levy triple the size of Osborne’s bailout tax
By July 6, 2010  The International Monetary Fund is pressing for Britain’s banks to pay an annual levy of up to £6bn, to protect against the impact of future crises and curb the more reckless behaviour of the industry, far higher than George Osborne’s plan for a £2bn […]
Salary increase may cause inflation -MPC •As external reserves decline by $25bn •Declining rese
Written by Samuel Ibiyemi and Gbola Subair, Abuja Tuesday, 06 July 2010  The Monetary Policy Committee has said that the proposed salary increase for the civil servants had the tendency of increasing inflationary pressure on the economy, just as the apex bank said the declining external reserves posed […]
