Economy

Muhammadu Buhari, Nigeria’s president-elect, says he intends to probe the allegation by Sanusi Lamido, immediate past governor of the Central Bank of Nigeria (CBN), that $20 billion was missing from the federation account. Addressing members of […]

Oil marketers, under the auspices of Major Oil Marketers Association of Nigeria (MOMAN), have decried the government’s inability to disburse the outstanding payments due to its members for the import of petrol under the Petroleum […]

These two individuals are not the most corrupt members of the now infamous Goodluck Jonathan led presidency—and it will take a very long time before the full extent of the damage done to our economy […]

• Canvasses six ‘zones of development’ • CBN, EFCC to sanction illegal dollar deals ON the back of peaceful presidential elections, the business community has predicted a relatively stable capital and foreign exchange market prior […]

I am optimistic about Africa and its future. I believe strongly – that a new Africa has begun to emerge – although one cannot dismiss the odd hurdle and challenge along the way.  What’s come to […]

The Petroleum Industry Bill 2012 which was introduced to the National Assembly seeks to ensure that the management and allocation of petroleum resources in Nigeria is conducted in accordance with the principles of good governance […]

With the presidential election won and lost, Nigerians watch and wait with bat­ed breath for the incoming administration of the President-elect, General Muhammadu Buhari to go into governance and hit the ground running. Nigerians’ expectations […]

“….The committee observed that its previous decisions needed time for their effects to fully permeate the economy and therefore “all eleven members unanimously” voted to maintain the current position!! The above is a summary of […]

The stress of dwindling oil revenue is mounting on the economy as external reserve drops below USD30 billion last week, indicating less than four months import bill. The decline which came with last week’s withdrawals […]

The Nigeria Deposit Insurance Corporation (NDIC) which commenced operations in March 1989, recently celebrated 25 years of remarkable service, keeping fidelity to its vision of being the leading deposit insurer in the world, with a […]

The drums of the 2015 Presidential elections have been sounding since December 2014. By March 28th the people would speak. While PDP’s President Jonathan is running on its records of the past five years, the […]

ADOLF Hitler’s propaganda minister in Nazi Germany, Paul Joseph Goebbels stated in one of his popular submissions: “If you tell a lie big enough and keep repeating it, people will eventually come to believe it.” The […]

A foreign correspondent first called my attention to it. We were at the same party in Lagos. He leaned forward and whispered in my ear, in a tone that suggested conspiracy and/or gossip, asking if […]

It was beautiful and simple as all truly great swindles are”, O’Henry, 1862-1910. (VANGUARD BOOK OF QUOTATIONS p239). Banking consolidation introduced by Professor Soludo, shortly after becoming Governor of the Central Bank of Nigeria, CBN, […]

The 2015 election will certainly come and go but the after effect may linger for a long time. Whether it is PDP or APC that eventually wins the presidential election, the party that will come […]

With total banking as­sets in excess of N22 trillion ($110 billion), Nigeria simply has the largest financial system in sub-Saharan Africa. Such a huge asset base places Nigeria’s Deposit Insurance Corporation (NDIC) as one of […]

Mufutau Egberongbe is the Chairman, Lagos State House of Assembly Committee on Physical Planning and Urban Development, and represents Apapa Constituency 1. In this interview with SENIOR REPORTER,AKINWUNMI KING, the lawmaker argues that President Goodluck […]