Former military administrator of Kaduna State, Col. Abubakar Dangiwa Umar (retd), has lauded Acting President Yemi Osinbajo for steering the country out of tension since he assumed office in acting capacity about two months ago. […]
At every point in time since the 1967 – 1970 Civil War, Public opinion in Nigeria has been United over its condemnation of government. Politics is too violent, government officials have no respect for the […]
A nation lacking in the capacity to feed its people is indeed a potential disaster waiting to explode in the face of the world… And with the current recession ravaging the country after the petro-dollar […]
IsDB is committed to deploying its capacity to mobilise resources using Islamic finance instruments like Sukuk (Islamic bonds) and Awqaf (endowments) for the benefit of our member countries. The member countries of Islamic Development Bank […]
Professor Charles Soludo, former governor of Central Bank of Nigeria has bewailed over the dilapidated state of Nigeria, thus states that Nigeria is drifting to a failed state having been in the “Red Beaming Alert” […]
The National Bureau of Statistics (NBS) has confirmed that the 2016 economic recession was a full year recesssion, and the worst in the country’s history since 1987. In 1987, according to World Bank data, Nigeria […]
The strength of a nation’s currency is an expression of the vibrancy, and robustness of that country’s economy. Conversely, a very weak currency therefore is a mark of a country with a perverse economic mix. […]
The current recession in the economy as a result of the decline in global oil prices has significantly impacted operations at Nigeria’s oil and gas free zones. The Managing Director, Oil and Gas Free Zones […]
Prof. Ishaq Oloyede, Registrar, Joint Admission and Matriculation Board (JAMB) says the 2017/2018 Unified Tertiary Matriculation Examination (UTME) will hold in May. Oloyede, who was speaking at the 2017 Nigerian Academy of Letters Annual Lecture […]
Our political economy can never be perfect for it is but a human enterprise… we all must be compelled to raise the alarm against debt peonage and how it and financialism attempt to reshape us […]
The Central Bank of Nigeria (CBN) says every Nigerian, 18 years or older, is entitled to $4,000 per quarter of $16,000 per year for personal travel allowance (PTA) under the guidelines for the adjusted foreign […]
The Central Bank of Nigeria (CBN) says it has provided additional forex to banks, as part of its efforts to alleviate the hardship experienced by Nigerians who need forex for school fees, medicals and personal […]
THE Finance Minister, Olusegun Aganga and his entourage have planned roadshows traversing markets in Europe and the United States to promote Nigeria’s credit worthiness and facilitate popular subscription of a proposed $500m/Euro loan. It would […]
Accordingly, she factors in a 23 percent movement (down) on the naira’s current exchange rate, which should see the currency close the year at about US$1:N650. Add other risk premiums, including a large one for […]
The naira appears to have entered a free fall mode with the local currency selling for 516 per United States dollar on the streets of Lagos on Thursday. The naira plummeted at the parallel market […]
Worried by the continued widening gap between the inter-bank foreign exchange and parallel market rates, the National Economic Council, NEC, on Thursday demanded the immediate review of the current foreign exchange policy by the Central […]
NEC is composed of all the 36 state governors, the minister of the Federal Capital Territory and the governor of the Central Bank of Nigeria. Thursday’s meeting, the first this year, was presided over by […]
LAGOS—Prices of bread, meat, fish, oil, yam and other essential commodities, last month, became increasingly unaffordable for Nigerians, as the inflation rate rose for the 15th consecutive month to 18.72 per cent. Driven principally by […]
President of the Senate, Dr Bukola Saraki, on Thursday said the National Assembly was committed to finding solutions to the recession ravaging the country. He made this known when he received the European Union delegation […]
The Federal Executive Council has approved some measures to reduce food prices. The Council took the decision based on the interim report submitted by the food task force it set up last week on how […]
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