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HomeEconomy

Economy

Business

Should The FG Be Allowed To Borrow Additional $5.5bn? By Odilim Enwegbara

October 17, 2017 Omoniyi Osadare 0

Yes, the Federal Government should be allowed to borrow that money. This is not the same as the kind of debts we incurred in the past. The debts we incurred in the past were not […]

Business

Conoil: Profit Drops On Earnings Constraints By Mike ‘Uzor

October 12, 2017 Omoniyi Osadare 0

Conoil is headed for a major drop in profit at the end of 2017 based on the company’s performance at the end of half year operations in June. Revenue growth remains constrained at well below […]

Economy

FG Plans Finance Scheme For New Car Buyers

October 11, 2017 Omoniyi Osadare 0

The Director-General of the National Automotive Design and Development Council, Mr. Jelani Aliyu, has said a fund will be established to be offered to Nigerians at low cost to finance their commercial fleets and cars. […]

Economy

Nigeria Has Come Out of Recession, But Recession Is Still In Nigeria By Ademola Adeoye

October 7, 2017 Omoniyi Osadare 1

The common man does not understand and comprehend fictitious figures and high-sounding words on the issue of economy. What he understands is what impacts positively on his table and pocket. Until we truly care for […]

Economy

Making Sense of the Profusion of Numbers On the Economy, By Uddin Ifeanyi

October 2, 2017 Omoniyi Osadare 0

The MPR is one of many numbers in the economy that does not speak to any reality. Ideally, it should be the anchor rate for prices across the economy. But it has been kept too […]

Economy

Recession Over! Will This Reduce The Price of Garri? No, Here Is What Will Happen By Mayowa Tijani

September 21, 2017 Omoniyi Osadare 0

It has been almost three weeks since Nigeria, Africa’s largest economy, was said to have found its way out of the nation’s worst economic recession in 29 years. And as I predicted the day we […]

Business

PremiumTimes: Nigerian Govt. Moves To Sanitise Capital Market; Reconstitutes Investment & Securities Tribunal

September 20, 2017 Omoniyi Osadare 0

The Nigerian government said on Tuesday that the reconstitution of the Investment and Securities Tribunal, IST was a practical step to sanitise the capital market, restore investors’ confidence and reposition the country’s economy. The Minister […]

Economy

‘Why Nigeria Entered Recession’

September 20, 2017 Omoniyi Osadare 1

A former Minister of Finance and one-time High Commissioner to the United Kingdom, Alhaji Abubakar Alhaji, has identified high overheads in governance and other expenses associated with Nigeria’s federal system as the reason why Nigeria […]

Economy

Nigeria’s Foreign Debt Up By 40% Under Buhari — NBS

September 19, 2017 Omoniyi Osadare 0

Nigeria’s total domestic and foreign debt stocks as at June 30 stood at about $15.1 billion and N14.1 trillion respectively, the National Bureau of Statistics said on Tuesday. A review of the total foreign debt […]

Economy

Buhari Government Must Reboot Economy | Punch

September 18, 2017 Omoniyi Osadare 0

RECENT developments portend scant optimism for Nigeria achieving significant economic recovery very soon. A report of second quarter growth of 0.55 per cent, reversing five consecutive quarters of contraction, collided with continued depression of international […]

Business

Kenya: Jittery Markets Should Keep Calm, By Rafiq Raji

September 18, 2017 Omoniyi Osadare 0

Considering how high the stakes are, anything short of a credible poll this time around would almost certainly lead to violence. Fellow economists view these developments as short term risks to Kenyan asset, with the […]

Economy

Nigeria – Now That The Recession Is Over, What Next? By Bukola Ogunyemi

September 13, 2017 Omoniyi Osadare 0

On Tuesday, the National Bureau of Statistics gave a lot of Nigerians the news they desperately wished to hear – Nigeria is out of recession. After five consecutive quarters of negative GDP growth that started […]

Economy

Is Nigeria Out of Recession? By Henry Boyo

September 11, 2017 Omoniyi Osadare 0

The National Bureau of Statistics’ latest overview of national productivity between April and June 2017 has revealed that the steady decline in output of goods and services, which began in March 2016, has now been, […]

Economy

IMF and Nigeria’s Taxation System: Organising Our Selves and Our Country, By ‘Tope Fasua

September 11, 2017 Omoniyi Osadare 0

The thing is that we all know the right things to do in this country. Nigerians travel too often – more often than any other peoples on earth – and we see how other countries […]

Economy

ThisDayLive: Nigerian Economy Remains under Great Threat, US Warns

September 9, 2017 Omoniyi Osadare 0

The United States military yesterday warned that the Nigerian economy remains under great threat following the surge in criminal activities in the Niger Delta and the threats by militants to resume bombing of oil facilities […]

Economy

Nigerians’ Heart Attack And Buhari’s Improving Economy By Oludayo Tade

September 9, 2017 Omoniyi Osadare 0

“My stomach is with me. When I am full, I know” 9ice There is a big error of fact in what President Muhammadu Buhari was quoted to have said after meeting with some of his […]

Economy

Is Nigeria Really Out of Recession? By Nnaemeka Obiaraeri

September 7, 2017 Omoniyi Osadare 0

Nnaemeka Obiaraeri I have read screaming headlines on different platforms, media outlets and forums on Wednesday hailing the exit of Nigeria from recession. Headlines like, “Oh great, finally Nigeria exits recession”. “Wow! Oil GDP grew […]

Business

Customs Stop Cross-Examination of Cleared Cargoes At Port Gates | Punch

September 7, 2017 Omoniyi Osadare 0

The Nigeria Customs Service has directed that any consignment duly released at the terminals should no longer be subjected to Customs cross examination at the exit gate. A circular issued by the Officer in Charge, […]

Economy

The Lies We Must NOT Tell Now That We Are Out Of Recession By Mayowa Tijani

September 6, 2017 Omoniyi Osadare 0

Finally, after five painful quarters in the red zone, the Nigerian economy eventually inched its way out of recession, expanding by 0.55 percent year-on-year in the second quarter of 2017. The country made its way […]

Economy

Nigeria Finally Out Of Recession

September 5, 2017 Omoniyi Osadare 0

Nigeria is finally out of recession as data on the country’s Gross Domestic Product released today shows that the economy grew at 0.55 per cent in the second quarter of 2017. This is 2.04 per […]

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