Economy
Economy
Business
BVN: Cybercriminals Target N3tn Trapped In Banks | Punch
Financial technology experts have blamed corruption for the N3tn that trapped in accounts that have not been linked to the Bank Verification Numbers of their owners, and asked the Central Bank of Nigeria to urgently […]
Economy
Dangote: No Stopping the ‘Prodigal’ Son, By Zainab Suleiman Okino
Today, the Dangote Group is ubiquitous. Through his various products and rescue efforts, Dangote has endeared himself to all governments and households. No kitchen is complete without Dangote flour, sugar, salt, spaghetti, and in the […]
Business
Nigeria Lucky Again As OPEC Extends Oil Output Cut By 9 Months | PremiumTimes
Nigeria stands to continue to benefit from an improved oil revenue as the Organization of Petroleum Exporting Countries (OPEC) decided on Thursday in Vienna to extend cuts in oil output by nine months to March […]
Economy
Nigeria Slowly Emerging Out of Economic Recession – Presidency By Levinus Nwabughiogu
ABUJA-Presidency Tuesday said that there were strong indications that Nigeria was gradually exiting economic recession. The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu stated this is in a statement while releasing […]
Economy
Ambode: Lagos Economy Benefitted At Least N3bn From Eyo Festival (updated) | TheCable
Akinwunmi Ambode, governor of Lagos, says the Eyo masquerade festival had a huge impact on the state’s economy, estimating that the economy benefitted at least N3 billion from the activities it generated. Speaking at the […]
Economy
Welcome to the Federal Republic of Dangote, By Bongo Adi
With Dangote’s dominance of critical sectors of our economy, it is just a matter of time before every aspect of the economy comes under its looming shadow. The implications of such a colossal monopolistic economic […]
Economy
Dangote, Adenuga, Otedola, Others Can End Poverty In Nigeria – Oxfam By Michael Eboh
Oxfam, Wednesday, presented an alarming picture of the Nigerian economic situation, stating that 112 million Nigerians are living in abject poverty and that the combined wealth of the five richest Nigerians, put at about $29.9 […]
Economy
Foreign Exchange Beyond CBN By Lekan Sote
How far or how long the current Central Bank of Nigeria’s intervention in the foreign exchange market will last is a function of the petrodollar revenue of the Federal Government. The International Monetary Fund thinks […]
Economy
Why Nigeria Must Borrow, Can’t Rely On Recovered Loot To Fund Budget – Adeosun
Although Nigeria is currently recovering some looted funds, it cannot rely on the loot to fund the budget, an official has said. Speaking at an Abuja Town Hall meeting, Finance Minister Kemi Adeosun said the […]
Economy
BREAKING: “Nigeria Is Coming Out of Recession” – Adeosun
The Nigerian economy is gradually coming out of its worst recession in years, the finance minister, Kemi Adeosun, has said. “Nigeria is coming out of recession; we are beginning to see the signs and we […]
Business
The World’s Most Valuable Resource Is No Longer Oil, But Data | Economist
A NEW commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its flow. A century ago, the resource in question was oil. Now similar concerns are being […]
Economy
Waltzing Out of Recession Through Lower Consumer Prices, By Uddin Ifeanyi
…both functionaries of state may have been less than responsible in raising hopes prematurely. This is especially so, because even their reading of their preferred index, inflation, is tendentious. A perfunctory reading of the National […]
Economy
Nigeria Is Getting Out of Recession – Lai Mohammed | Vanguard
Lagos – Minister of Information and Culture, Alhaji Lai Mohammed, said on Saturday that Nigeria was gradually moving out of recession. Mohammed, represented by the Managing Director of the News Agency of Nigeria (NAN), Mr […]
Economy
Mock JAMB Exam: FG Urges State Governments To Allow Free Movement
The Federal Government has urged all state governments to allow free movement of people today to enable students to participate in JAMB’s Voluntary Mock Examination fixed for that date nationwide. This is contained in a […]
Business
In 24 Hours, Dangote Climbs By $500m, Amazon CEO Adds $3.3bn By Mayowa Tijani
Some global billionaires are seeing their wealth explode dramatically, and Nigeria’s Aliko Dangote is not left behind. On Thursday, Jeff Bezos, CEO of the world’s largest online retailer, Amazon, saw $3.3 billion added to his […]
Economy
Ending Nigeria’s March Towards Democratic Recession By Ayo Olukotun
The term, democratic recession, may be somewhat fuzzy and hard to pin down; but thanks to University of Stanford Professor, Larry Diamond, it has found its way into academic and popular discourse on democratic backsliding. […]
Economy
Winning With Whistle-blowing In a Recession, By Zainab Suleiman Okino
The whistle blowing policy on illegal arms and weapons may be explosive and daunting. Although there is apprehension regarding whether it will work or not, in my own opinion, it is worth trying and it […]
Banking
Soludo: Nigeria Must Get Out of Multiple Exchange Rates | TheCable
Chukwuma Soludo, former governor of the Central Bank of Nigeria (CBN), says Nigeria must take steps to eliminate the current regime of multiple exchange rates. Soludo said the difference between the official and parallel market […]
Business
‘NEEDS’ and Monetary Policy Circular No. 37 (part 2) By Henry Boyo
THE projections of the National Economic Empowerment and Development Strategy (NEEDS) for the critical macro-economic catalysts of inflation, interest rates and liquidity for 2004, were evaluated against projections in Central Bank of Nigeria’s Monetary Policy […]