“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. […]
Ebonyi State has banned consumption of foreign rice at public functions to pave way for the full return of the popular Abakaliki rice. Governor David Umahi, who stated this after inspection of Iboko and Ikwo […]
Aliko Dangote, president of Dangote Group, is building the world’s largest greenfield refinery, with a starting refining capacity of about 600,000 barrels of oil per day. Much more interesting is the geographical size of the […]
This second look at the urgent need to review the Central Bank of Nigeria Act will not end on a sarcastic note as the previous one concluded: “In the absence of a productive real sector, […]
The foreign exchange crisis hitting the economy has assumed a new dimension with Deposit Money Banks announcing the suspension of overseas Automated Teller Machine card services and online transactions denominated in foreign currencies, OYETUNJI ABIOYE […]
A viable mobile money platform in Nigeria would trigger a tremendous growth in the country’s financial system as can be seen in Kenya where the service provides an outlet for financial institutions to give out […]
Fifty customers owe commercial banks the sum of N5.23tn, representing 33.4 per cent of the total private sector credit exposure of N15.68tn, the Central Bank of Nigeria’s Financial System Stability report has stated. The FSS […]
I never could consider that those families who were wealthy were not just lucky or fortunate. I was never told that people who control real wealth were first wealthy in their minds. Even those who […]
Without the right architecture, the naira will continue to tread water. However, re-purposing macroeconomic policy is possible only when those responsible have a fully functioning understanding of the problems the country confronts. Two seemingly unrelated […]
The naira is expected to stabilise on the parallel market after international money transfer agencies started selling dollars to Bureau De Change operators in line with the Central Bank of Nigeria directive. “We have started […]
The naira is expected to stabilise on the parallel market after international money transfer agencies started selling dollars to Bureau De Change operators in line with the Central Bank of Nigeria directive.
Sunlight’s Laraba’s World train has been visiting malls across Abuja to meet with loyal consumers. The drama series which started airing on TV screens across northern Nigeria from September 15, 2016, show cases the daily […]
You’d struggle to find an industry with faster growth potential than marijuana, which generated an estimated $5.4 billion in legal sales during 2015. Cannabis research firm ArcView projects the industry could grow at approximately 30% […]
About 1,500 employees of a Lagos-based tomato paste manufacturer, Erisco Foods Limited, are set to lose their jobs as the firm has shut down its $150m plant in Lagos. The Chief Executive Officer of Erisco […]
Nigeria has the opportunity to do something that can improve the country’s position in the supply of energy. Doing so should enhance the amount of money Nigeria receives for its products as it can charge […]
U.S. auto safety regulators said Monday they are opening two new preliminary investigations into 642,000 Ford sport utility vehicles and cars over door latch warning light and steering issues Ford Motor Co, the second largest […]
In essence, therefore, that there is an informal component to the foreign exchange market in the country ought not to surprise anyone. How large is it? And why does it persist? These are the questions […]
The world bank has projected economic growth in Sub-Saharan Africa to fall below expectation in 2016. According to Africa’s Pulse, the bi-annual analysis of economic trends in the continent, growth is expected to be 1.6% […]
Nigeria’s foreign exchange market was tension-soaked yesterday, as the Naira raced towards N500/USD1. It closed at N490/ USD1 in the parallel market, with dealers expecting further rise today to hit the dreaded N500 mark. Surprisingly, […]
…the concept of ‘government having no business doing business’ is flawed and should be rescinded going forward. Government must do business and do it well. Government cannot abandon its economic role to private entities and […]
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