Mobile operators are illegally deducting billions of Naira from their subscribers’ accounts, an investigation carried out by the Nigerian Communications Commission has shown. The Executive Commissioner, Stakeholder Management at NCC, Mr Sunday Dare, said this […]
For the fourth straight time President Muhammadu Buhari has declined assent to the Electoral Act Amendment Bill 2018. The National Assembly had re-passed the bill on July 24 and transmitted same to the president on […]
For as long as the Nigerian economy depends on oil revenue, talks on the need for diversification will not cease. That the national assembly is considering revising downwards the $60 benchmark per barrel of oil […]
We certainly need more activist, more dynamic monetary policy that thinks outside the box in order to get this economy GROWING. Growth should be our focus, in my view, not inflation. Matured economies should worry […]
After losing a record $2.1 billion in 30 days, Nigeria’s foreign reserve is on the rise again. Data from the Central Bank of Nigeria, seen by TheCable, showed that the nation’s reserve surged by over […]
Government took a major step to correct Nigeria’s economic problems by launching the Economic Recovery and Growth Plan (ERGP) in April 2017. But what has the government been able to achieve one and half year […]
The Asset Management Corporation of Nigeria is preparing to release another list of debtors, an investigation has revealed. The corporation’s Head of Corporate Communications Department, Jude Nwauzo, confirmed this to our correspondent in a telephone […]
Any serious political leader who wants to fight corruption sincerely must first be intellectual enough to understand that corruption is an economy, just like poverty is an idea created by the ruling class. In fact, […]
The Sagamu-Lagos end of the Lagos-Ibadan Expressway project will be completed by 2021, the contractor, Julius Berger, has said. The Operations Manager, Julius Berger, Thamm Olaf, told the Senate Committee on Works, led by its […]
According to the NBS, Nigeria’s GDP grew at 1.95 per cent in the first quarter of 2018 and 1.50 per cent in the second quarter. The low and falling growth rates led the Central Bank […]
The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat. In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, […]
The International Monetary Fund on Thursday painted the precarious situation of the nation’s economy in particular and Sub-Saharan Africa’s, in general, going by how much the country and the region spend on debt servicing. According […]
At the just concluded IMF/World Bank Meeting in Bali Indonesia, the take away for Nigeria’s delegates is that Nigeria’s economy is not doing well and government must take control before it slips into recession again […]
Vice-President Yemi Osinbajo says the federal government is working to reduce Nigeria’s population growth by half, via educating women. Speaking at the just concluded Nigerian Economic Summit (NES24), Osinbajo said studies have shown that educating […]
Kayode Ojewale The need to patronise made-in Nigeria goods cannot be overemphasised as it is one major way to economic growth and development. The economy of any nation grows rapidly when locally made goods are […]
CIn his presentation to a packed audience at the event organised by the African Studies Centre of Oxford University School of Global and Area Studies, Professor Yemi Osinbajo Nigeria’s Vice President highlighted four important areas […]
Hitherto, fuel subsidy payment in Nigeria used to shadow the international price of crude oil. Because we imported almost all our PMS, if oil price increased and our regulated local fuel pump price was held […]
Former President Olusegun Obasanjo on Tuesday harped on his argument that Nigeria requires a President with a sound knowledge of the economy to make a headway. This, he said, was what a former German Chancellor, […]
THE ominous signs were glaring enough for anyone with a perceptive insight into how successful economies are run to see; yet, it still took many by surprise when the Central Bank of Nigeria announced recently […]
It is demeaning that the Asians now control domestic commodity trading in Nigeria. They were able to hedge out Nigerian produce buyers. They buy produce like cocoa, coffee, groundnut, cotton, sorghum, gum Arabic, rubber, palm […]
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