Loans have been used as weapon of underdevelopment of Africa by IMF and World Bank. Loans from China are irresistible because they come with less strings attached on matters such as governance, democracy or human […]
For the first time since the Organisation of Petroleum Exporting Countries and its alliance of 10 other oil states partnered to control oil output in January, Nigeria’s inflation rate has risen. Figures released from the […]
The United States (U.S.) Ambassador to Nigeria, Mr Stuart Symington has attributed poor social infrastructure development in Nigeria to the weak system of tax collection in the Country. Symington made this known on Tuesday, while […]
The Federal Inland Revenue Service (FIRS) will soon go after the bank accounts of defaulting taxpayers who are raking in billions of Naira in Nigeria and are not paying taxes, FIRS Chairman, Tunde Fowler has […]
Does the federal government want to chase foreign investors away from Nigeria? This is one of most frequently asked questions since the Central Bank of Nigeria (CBN) asked MTN to refund the $8.1 billion it […]
NEW YORK, United States of America – Next week, China will host leaders from across Africa for a summit in Beijing. The last summit was held in December 2015 in Johannesburg, South Africa, where Chinese […]
The federal government has appealed to Nigerians in the diaspora to return home and help build the Nigeria of everybody’s dream, assuring them that things are changing in the country. The Minister of Science and […]
Amazon.com Inc. has followed Apple Inc. to become the second U.S. company to reach $1 trillion in market value, reflecting the online retailer’s striking transformation from a profitless bookseller into a disruptive force of commerce. […]
The United Kingdom Department for International Development in Abuja on Monday gave details on how the UK government plans to create 100,000 jobs in Nigeria would be realized. The spokesperson of the development agency of […]
A report the other day that the Central Bank of Nigeria’s idea on how it intends to drive down interest rates for critical sectors such as manufacturing and agriculture is remarkable and long expected. Godwin […]
During the visit of the Chancellor of Germany Angela Merkel to Nigeria, Volkswagen took the opportunity to sign a Memorandum of Understanding (MoU) in the presence of both the Chancellor and His Excellency, President of […]
Theresa May, the Prime Minister of the United Kingdom, departed Nigeria on Wednesday, after meeting President Muhammadu Buhari; Akinwunmi Ambode, governor of Lagos state; and business leaders in Lagos and Abuja. The Prime Minister made […]
More than three years into the Muhammadu Buhari administration, Nigeria’s economic woes have persisted. The 2018 second-quarter report by the National Bureau of Statistics, released on Monday, brings the dire outlook to the front burner. […]
Nigeria is a black market haven. Fuel, dollars and even visas can be obtained from that unaccounted-for market of goods and services. The results are untoward for our already wobbly economy. It will take a […]
The UK Government has announced a new £70-million programme to create 100,000 jobs in Nigeria says the Minister of State for Africa, Harriett Baldwin. Baldwin said this during a business event as part of the […]
British Prime Minister, Theresa May on Wednesday said Lagos State can access the availability of £750 million (N353,467,010,250) export credit finance to propel more development for the state. May, who spoke when Governor Akinwumi Ambode […]
The British Prime Minister, Theresa May, on Tuesday said 87 million Nigerians live on less than $1.90 a day, making the country home to more very poor people than any other nation in the world. […]
Peter Obi, a former governor of Anambra state, says the country’s economy is on life support because of a rising debt profile. NAN quoted Obi as saying this on Saturday while speaking at a conference […]
It is with more than a little shame and discomfiture that the state of Lagos, and indeed the country at large, should receive the latest Global Livability Index, which rated Nigeria’s commercial nerve centre as […]
Human rights activists, civil society organisations, professionals and opinion leaders in Delta State have bemoaned what they referred to as the lack of growth and development in the state, and called for a return of […]
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