Economy

SEVERAL banks, discount houses and the Asset Management Corporation of Nigeria (AMCON) are complying with the directive of the Central Bank of Nigeria (CBN) to have the names of their loan defaulters published in newspapers […]

So, if it is really about macroeconomic stability, why dress it up in the language of anti-corruption? Could this be to impress someone or dress the problem up in the lingo of a new regime? […]

The Nigerian bank is diseased; a contemptible ogre in the mould of the bubonic plague, or Black Death of 1348 if you like. Like the bubonic plague – which killed up to 40 per cent […]

The expected reorganisation of the Nigerian National Petroleum Corporation (NNPC) began in earnest this week with President Muhammadu Buhari’s appointment of Dr. Emmanuel Ibe Kachikwu as Group Managing Director (GMD) of the oil agency. He […]

 No sooner had Premium Times published on Monday, August 3, 2015, the first part of its interview with erstwhile President Olusegun Obasanjo than it went viral. Though the immediate context of the interview was the publication of […]

Former Governor Rotimi Amaechi recently said one of the reasons that caused a friction between him and former President Ebele Jonathan was his opposition to subsidy to petrol importers that ballooned from N300 billion a […]

I read with consternation the statement credited to Governor Ambode of Lagos State when a delegation of Wal-Mart executives paid him a visit recently. There was something out of our character or un-Nigerian with the […]

ONE common trend that runs through Nigeria’s successive administrations is the expressed objective to promote national economic prosperity. However, the objective has proved unattainable for over four decades despite five National Development Plans, a Structural […]

THE First Quarter Economic Report for 2015 released by the Central Bank of Nigeria (CBN) last week indicates a significant slide in Nigeria’s external trade. The report shows that Nigeria recorded an estimated total external […]

Nigeria has several development research documents that speak of ways to better manage the economy. But the problem has always been that leaders are often misadvised to adopt policies that favour the upper class. In […]

It is ironical that despite the raging public debate on whether or not to sustain the regime of fuel price subsidy, our government may have, regrettably, once more, inadvertently doubled the existing N50/litre subsidy. The Petroleum […]

The government should put in place fiscal policies that will promote local production and create jobs Against the background that the nation’s currency, the Naira, has been under intense pressure lately, there were expectations that […]

About two weeks ago, President Muhammadu Buhari gave the clearest indication so far that he is not persuaded by the growing clamour for the removal of subsidies on kerosene and petrol. “I have received a […]

In line with President Muhammadu Buhari’s resolve to probe and clean up the rot in the Nigeria National Petroleum Corporation (NNPC), the Department of State Security (DSS) has heightened its manhunt of NNPC corrupt officials. […]

  If the whole idea of fuel subsidy is to pass on benefits to the poor, then we must all agree that it is not working. The benefits are going to importers of fuel, oil […]

Data recently released by the National Bureau of Statistics (NBS) detailing petrol prices across the country between June 2014 and June 2015 revealed that premium motor spirit (petrol) was sold across the country at prices […]

The Nigerian National Petroleum Corporation on Tuesday wielded the big stick on three independent petroleum products marketing firms for various sharp practices, including products diversion and hoarding. The Pipelines and Products Marketing Company, the NNPC […]

MANY Nigerians once again demonstrated their usual disdain for deadline in respect of the ongoing Bank Verification Number,(BVN), registration. During its launch on February 14, 2014 by the then Central Bank of Nigeria (CBN) Governor, […]

So, three controversial contractors held a meeting to consider how to get the Nigerian National Petroleum Corporation (NNPC) to pay the money it allegedly owed them in respect of a three-month oil pipeline security deal […]

The recent controversy over dividend paid by the Nigeria Liquefied Natural Gas Company, NLNG, portrayed Nigerian politicians as neophytes who do not fit well into civilized political culture. In the wake of the controversy, each […]