China is gradually gnawing its way into the economic fabric of Nigeria with its well implemented economic diplomacy machinery through developmental loans, grants and cooperation on many grounds. Given the result of similar Chinese handouts […]
As Africa and the whole world await the much expected leap of the African creative industry to the next level, the thrill may be gone even before its starts being felt. On 1 October, the […]
The Nigerian economy is fragile and may slide into a double dip recession. A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession. This is the warning issued by […]
The battle for minimum wage is an ongoing dilemma for Nigerian leaders over time. For the past twenty years or so, Nigerian workers and non-workers had been groaning in silence over paltry salary of eighteen […]
The Delta Ports are a quadruplet of seaports sited along the Niger Delta coastline in the port towns of Warri, Sapele, Koko and Burutu, all in Delta State and in their named order of sizes. […]
In a complicated federation where fiscal responsibility, civic duty and even corporate citizenship have become part of complex challenges, a report the other day about the closure of premises of tax defaulting businesses in Ibadan, […]
More than 400 businesses owned by Nigerians have been closed by authorities in Ghana, sparking a protest by owners who have issued a week ultimatum within which to resolve the surrounding the maltreatment of Nigerian […]
ROBERT SKIDELSKY, a Professor Emeritus of Political Economy at Warwick University and a fellow of the British Academy in history and economics, argues that liberalism must be decoupled from market fundamentalism if it is to […]
The crash in the naira exchange rate from N199=$1 by December 2015 to almost N500=$1 in January 2017 was popularly attributed to the erosion of Nigeria’s foreign reserves from a lofty perch of about $60bn […]
The truth is that we have a terrible record of loan repayment. With such embedded cultural profligacy, there is no way we will pay back our loans. If we incurred loans all through the 1970s, […]
The Nigeria Deposit Insurance Corporation has said that employees of the defunct Skye Bank Plc would be offered new contract terms under the management of Polaris Bank. The Corporation said this in a statement made […]
The investment profile report by the Nigeria Investment Promotion Commission (NIPC) shows that Rivers state received the largest investment in the first half of 2018. According to the report, a total of $45.74 billion was […]
The Federal Government’s renewed bid to widen the tax net by compelling the wealthy to pay their taxes appears to be making progress, but only very marginally. For a country desperate to rake in funds […]
THE vigorous defence last week of the Federal Government’s borrowing binge by the Debt Management Office did little to assuage public disquiet over Nigeria’s rising debt profile. In response to growing fears of debt peonage […]
EU member states lost almost 150 billion euros (177 billion dollars) in Value Added Tax revenues in 2016, with a third of that estimated to be due to fraud, the European Commission announced on Friday. […]
More than 40 percent of extremely poor people in the world will be living in Nigeria and DR Congo by 2050, a report by Bill and Melinda Gates Foundation has revealed. In the 2018 goalkeepers […]
Vice President, Yemi Osinbajo, on Tuesday presided over the meeting of the Economic Management Team (EMT), specially dedicated to discuss the review of the national minimum wage. The meeting held at the Presidential Villa, had […]
The co-founder of the Bill and Melinda Gates Foundation, Bill Gates, has reiterated the need for African governments, especially Nigeria and Democratic Republic of Congo (DRC), to invest more in human development as this is […]
The CBN proposes to refund portions of the bank depositors’ funds lodged with the apex bank as cash reserve ratio (CRR) up to amounts lent by individual banks to finance projects in the agricultural and […]
The Economic Management Team chaired by Vice President Yemi Osinbajo will meet in Abuja on Tuesday to take a stand on what the new national minimum wage should be. Minister of Labour, Employment and Productivity, […]
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