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HomeEconomy

Economy

Economy

Report: Taxes Chasing Rich People Away From Lagos

February 1, 2018 Omoniyi Osadare 0

The latest Global Wealth Migration review says rich people are leaving Lagos for other cities because of taxes. According to the report, some of the reasons high net worth people are leaving their locations are […]

Economy

FG Rolls Out Scholarship Scheme For Undergraduate, Post-Graduate Studies Abroad

January 31, 2018 Omoniyi Osadare 0

The ministry of education has called on Nigerians to participate in the nomination interview for the 2018/2019 Bilateral Education Agreement (BEA) scholarship award. In a statement detailing the information, Adamu Adamu, minister of education, said […]

Economy

2018 Budget: Deficit And Debts By Eze Onyekpere

January 29, 2018 Omoniyi Osadare 0

The 2018 federal budget is tagged a “Budget of consolidation”. The name appears to be a response to the fact that Nigeria had just exited economic recession and there is the need to consolidate on […]

Economy

Corruption And Its Deadly Effects By Olumide Ijose

January 24, 2018 Omoniyi Osadare 0

A time of grave social and economic tension is a time to again examine the role corruption has played in shaping the opportunities available for Nigerians, especially the middle and working class and the poor.Nigeria, […]

Economy

When God Wins With Emefiele By Wale Bolorunduro

January 24, 2018 Omoniyi Osadare 0

I Need to disclose upfront that Godwin Emefiele the Governor of Central Bank of Nigeria, CBN, was my boss while I was in the banking industry and he reluctantly released me to the public sector, […]

Economy

7.5m Nigerians Jobless Since 2016 – NBS By Emmanuel Elebeke

January 22, 2018 Omoniyi Osadare 0

About 7.5 million Nigerians were doing nothing between January 2016 and December 30, 2017, the National Bureau of Statistics has revealed. Workers in a fertiliser plant : CBN unfolds Buhari’s 10000 jobs per state This […]

Business

World’s Richest 1% earn 82% of Wealth Generated In 2017 – Oxfam

January 22, 2018 Omoniyi Osadare 0

Eighty-two per cent of the wealth generated last year went to the richest one per cent of the global population, while the 3.7 billion people who make up the poorest half of the world saw […]

Business

Punch: Investor Warns Buyers Off 9mobile

January 15, 2018 Omoniyi Osadare 0

Spectrum Wireless Communication has issued a buyers beware notice on the sale of 9mobile. The solicitors to the firm, J. A. Achimugu and Co. and Dr. Reuben Atabo and Co., said by virtue of the […]

Economy

New Year, Old Woes, By Dele Agekameh

January 10, 2018 Omoniyi Osadare 0

The bleak picture already forming in 2018 is unfortunate enough as it is. If anything, it is being accompanied by a chronic lack of faith in the government and the expectations of even worse things […]

Banking

Punch: Nigerian Banks Stop ATM Cash Withdrawal Abroad

January 8, 2018 Omoniyi Osadare 0

A number of Deposit Money Banks in the country have barred their customers from using debit and credit cards to withdraw dollars, euros, pounds and other foreign currencies whenever they travel abroad, investigation by our […]

Business

Deploying FTZs For Exports, Job Creation | Punch

January 6, 2018 Omoniyi Osadare 0

AS Nigeria struggles to reshape its economy, investors were reminded at the close of 2017 of the immense potential offered by the Free Trade Zones. With the licensing of three new FTZs, accompanied by net […]

Economy

Our Economy Highly Challenged In 2017 — Omotola By Ishola Balogun

December 30, 2017 Omoniyi Osadare 0

Lai Omotola, the Group Managing Director of CFL Group, a purely indigenous infrastructure development company with core interest in real estate, agriculture, oil & gas in this interview examined the state of the economy in […]

Economy

My Predictions For The Economy in 2018 By Uche Uwaleke

December 27, 2017 Omoniyi Osadare 0

Going by official figures, the outgoing year recorded a number of improvements on the economic front over the previous year. Helped by recovering crude oil prices and higher oil production, the year witnessed the return […]

Economy

Punch: It’s A Shame Nigeria Still Imports Petrol – Opadokun

December 27, 2017 Omoniyi Osadare 0

The Convener, Coalition of Democrats for Electoral Reforms, Mr. Ayo Opadokun, and the Chairman, Galaxy Clique, Offa, Mr. Muideen Ibrahim, have said it is shameful that Nigeria, which is one of the largest global producers […]

Economy

Again, On the Export Numbers, By Uddin Ifeanyi

December 25, 2017 Omoniyi Osadare 0

The story told by the incumbent government begins to thin when you consider that of the six export sectors for which data are gathered on the economy (crude oil, manufacturing, other oil products, raw material, […]

Business

Punch: Reviving Textile Industry For Economic Growth

December 11, 2017 Omoniyi Osadare 0

THE travails of Nigeria’s textile industry were rehashed recently at a seminar organised by the Nigerian Institute of Social and Economic Research, Ibadan. For a once thriving industrial sub-sector that has defied various policy measures […]

Business

We’ll Name, Shame Tax Defaulters After VAIDS In March, 2018 — Adeosun

December 4, 2017 Omoniyi Osadare 0

Finance Minister, Kemi Adeosun, still pushing through the Voluntary Asset and Income Declaration Scheme (VAIDS), scheme aimed at getting more Nigerians into the tax net voluntarily, in this interview throws more lights on the issues […]

Economy

Why Nigerians Engage In Illegal Migration To Libya, Europe – Sanusi

November 30, 2017 Omoniyi Osadare 0

The Emir of Kano, Alhaji Muhammadu Sanusi II, has attributed the excessive quest by Nigerian youths to engage in illegal migration to poverty and unemployment. The Emir made the remark on Thursday in Kano when […]

Economy

FG To Increase Taxes On Tobacco, Alcohol by Oluseyi Awojulugbe

November 25, 2017 Omoniyi Osadare 0

Kemi Adeosun, minister of finance, says the federal government is working on policies to increase excise tax on tobacco and alcohol. She said this while speaking at the ECOWAS financial council of ministers in Abuja […]

Economy

FG Identifies 500 Tax Dodgers — Some Have Homes Abroad | TheCable

November 24, 2017 Omoniyi Osadare 0

The federal government says it has compiled the list of 500 Nigerian tax dodgers, some of them prominent citizens who have homes abroad. Kemi Adeosun, minister of finance, who disclosed this at the national economic […]

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