The Nigerian equities market closed on a negative note on Monday as Forte Oil Plc, Honeywell Flour Mill Plc, Cadbury Nigeria Plc, Nascon Allied Industries Plc and Oando Plc led a N64bn loss at the […]
MOBILE giant MTN Nigeria is to list its shares in the Nigerian capital market. The issuers for the Initial Public Offer (IPO) are Citi bank and Stanbic IBTC A Securities and Exchange Commission (SEC) source […]
Pat Utomi (Professor of Political Economy) There is no clear right or wrong answer in the clampdown on BDC operators. But there are consequences based on the established culture and character of the actors. For […]
There is a story of a Lagos businessman, who invited Professor Narudeen Alao, the then Vice Chancellor of University of Lagos to speak at an event of his company. He invited many newspapers, happy about […]
In order to force a favourable exchange rate for the Naira, the Nigerian government has commenced a clampdown on money changers, called Bureau De Change operators. Dozens of money changers have since Wednesday been arrested […]
The House of Representatives on Wednesday called on law enforcement agencies to track down promoters of a “questionable” investment scheme popularly known as ‘MMM.’ The lower chamber also mandated its committees on banking and currency […]
Western Union, an international money transfer services company, says Nigeria is one of the most connected countries in the world when it comes to receiving and sending money. The company said it moved money from […]
Some experts have identified greed, corruption and instability of the financial sector as reasons why people keep money at home. In South-West, a financial analyst, Mr. Rotimi Agboluaje, bemoaned the trend, saying this had impacted […]
Timing can make or mar any decision however sound it may be, and this is very true when it comes to buying or selling a building. It is far easier for many people to make […]
The prevalent unfavourable forex regime has continued to reduced the volume of vehicles imported through the Nigerian ports, the Operations Manager, Ports and Terminal Multiservices Limited, Jack Angrish, has said. Angrish said that the unstable […]
w many hours do you spend sitting at your desk or on your couch just wishing you could fly somewhere far, far away? Listen, we know adulting is hard and sometimes we need an escape […]
Bello Mahmud, registrar-general of the Corporate Affairs Commission (CAC), on Thursday said the the commission had taken steps to eliminate bottlenecks associated with registering a business. Speaking at the second presidential economic communication workshop in […]
Lagos State Government has the potential of generating N50 billion monthly as internal revenue, according to Governor Akinwumi Ambode. Ambode,represented by Economic Planning and Budget Commissioner Akinyemi Ashade,said at a colloquium in Lagos yesterday on […]
The current frenzy about promoting Made-In-Nigeria goods is the third attempt in living memory. It invariably occurs when we run out of petrodollars accumulated during years of oil boom in our external reserves, only to […]
An objective evaluation and analysis of Nigeria’s economic collapse points directly to President Muhammadu Buhari and his unprecedented inaction and monumental blunder in failing to appoint his ministers and form a government until 6 months […]
The naira tumbled to 470 against the United States dollar on Wednesday, down from 455 on Tuesday as fresh dollar shortage hit the official and parallel foreign exchange markets. The local currency has been relatively […]
The current recession rocking the Nigerian economy has hit one of the biggest employers of labour in the country outside of the government as the Dangote Group, belonging to Africa’s richest man, Aliko Dangote, has […]
we cannot be certain whether Nigerians should celebrate or decry the recent decision by the Central Bank of Nigeria to reduce the existing annual limit on naira debit cards used abroad, from $150,000 to $50,000 […]
…if we could open the eyes of our people in Africa and other developing countries to know the laws of money, then we can indeed help our continent. I am convinced that giving out food […]
“Investors from all over the world are falling over themselves to come and do business in Nigeria”, said President Muhammadu Buhari in his recent National Day address to Nigerians. I know this to be true. […]
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