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HomeEconomy

Economy

Economy

US, UK, Canada, South Africa — Here Are 40 Countries Experiencing A Recession In 2020

November 21, 2020 Omoniyi Osadare 0

If the world were to play a game, and the convener of the game says “raise up your hand if your country has been in a recession in 2020,” more than half of the hands […]

Economy

EndSARS: Economy Needs Special Package | Guardian (NG)

November 11, 2020 Omoniyi Osadare 0

The recent nation-wide protest to end the obnoxious operations of the Special Anti-Robbery Squad of the Nigerian Police Force, otherwise tagged #EndSARS, has left behind a lot of negative effects on the Nigerian economy. The […]

Economy

Toward A Post Petroleum Economy For Nigeria By Godwin Uyi Ojo

November 2, 2020 Omoniyi Osadare 0

The initiative conceptualises a post-petroleum economy for Nigeria that is related to an energy transition from fossil fuels to renewable energy sources in Nigeria. The groundbreaking research toward a post-petroleum economy was commissioned by the […]

Economy

Economic Impacts of On-Going Road Projects By Luke Onyekakeyah

October 6, 2020 Omoniyi Osadare 0

As at the last count, there were some 524 on-going road projects across the federation. Every state of the federation including the Federal Capital Territory (FCT) Abuja has at least three on-going projects according to […]

Economy

Inflation Rate Hits 13.22% — Highest Jump Since Oct 2016 By Oluseyi Awojulugbe

September 15, 2020 Omoniyi Osadare 0

The consumer price index which measures inflation rose by 0.40 percentage points between July and August 2020 on a year-on-year basis, the highest increase recorded since October 2016. According to the August CPI/Inflation report released […]

Economy

Why Quality of Nigerian Homegrown Rice Is Poor By Omobolaji Obisesan

September 9, 2020 Omoniyi Osadare 0

Processing agricultural products – adding value by transforming them from basic commodities – increases their worth, appeal and market value. In the case of rice, processing is an important and distinct feature in its production. […]

Economy

Buhari’s Foreign Policy Is Weak, Says Dele Momodu On Nigeria-Ghana Dispute

September 7, 2020 Omoniyi Osadare 0

Dele Momodu, journalist and former presidential candidate, says Nigeria’s foreign policy under the leadership of President Muhammadu Buhari is the weakest that he knows. In an interview with PUNCH, Momodu who condemned the ill treatment […]

Business

President Akufo-Addo Pledges To Review Ghanaian Foreign Investment Law

September 6, 2020 Omoniyi Osadare 0

The President of Ghana, Prof. Nana Akufo-Addo, has expressed the government’s readiness to reconsider the one million dollars capital base for foreign traders, as enshrined in the Ghana Investment Promotion Centre (GIPC), Act 2013. Akufo-Addo […]

Economy

Roles of The Jobless, Unemployed, Unemployable In A Capitalist Economy, Mini-macro By Kole Omotoso

September 6, 2020 Omoniyi Osadare 0

True we have not heard from our Roadside University in recent times. As the unemployed say sometimes to ward insult from a potential employer, “na condition make me take this kind money for this kind […]

Economy

Osinbajo/Obasanjo And Catalysts For Growth of African History By Bobson Gbinije

September 2, 2020 Omoniyi Osadare 0

History is the life of the times, the torch of truth, the life of memory, the teacher of life and the messenger of antiquity CICERO (106-43BC) De oratore. In his magnum opus and literary tour […]

Business

Shrinking Economy: Nigeria’s Situation Better Than Others, Says Presidency By Olalekan Adetayo

August 27, 2020 Omoniyi Osadare 0

The Presidency on Wednesday reacted to the National Bureau of Statistics’ second quarter 2020 Gross Domestic Product estimates which was published on Monday, giving itself thumbs up. The NBS had disclosed that the nation’s GDP […]

Economy

COVID-19: Nigeria’s Economy Shrunk By 6.1% In Q2, Says NBS By Oluseyi Awojulugbe

August 24, 2020 Omoniyi Osadare 0

Nigeria’s gross domestic product shrunk by six percent in the second quarter of 2020, a new report by the National Bureau of Statistics (NBS) has shown. According to the report which was released on Monday, […]

Economy

Nigeria’s Economy Enters Negative Growth | PremiumTimes

August 24, 2020 Omoniyi Osadare 0

Nigeria’s Gross Domestic Product (GDP) growth rate contracted by –6.10 per cent in the second quarter of 2020, a report by the National Bureau of Statistics (NBS) said on Monday. Details of the Nigerian Gross […]

Economy

Nigeria May Slide Into Another Recession, Says Finance Minister

August 15, 2020 Omoniyi Osadare 0

Minister of Finance, Zainab Ahmed, said yesterday that unless Nigeria achieves a very strong third quarter 2020 economic performance, the country may slide into recession. Ahmed disclosed this at the opening of a five-day interactive […]

Economy

Shoprite, Wealth Distribution and An Adverse Macroeconomic Environment, By Bámidélé Adémólá-Olátéjú

August 5, 2020 Omoniyi Osadare 0

There are no real increases in wages as nominal wages cannot keep up with inflation. How can the economy grow with high lending rates, high inflation, with consumers having no disposable income to spend? Unless […]

Business

Shoprite To Exit Nigeria

August 3, 2020 Omoniyi Osadare 0

South African Company, Shoprite Holdings Limited, says it will auction off its outlets in Nigeria, The PUNCH has learnt. This is coming about 15 years after it opened its first store in Lagos in December […]

Economy

COVID-19: Towards A Green Economic Recovery | Punch

July 10, 2020 Omoniyi Osadare 0

A student wears a face shield while observing social distancing as they line up to attend classes in a school in the southern Thai province of Narathiwat on July 1, 2020, as schools reopened after […]

Economy

Economy: Do Not Sidetrack The Solution – Part 2 | Guardian (NG)

July 2, 2020 Omoniyi Osadare 0

Pathetically, that call on federal authorities (to breach fiscal responsibility law) actually amounts to preaching to a dyed-in-the-wool violator of selected laws. Disobedience to laws has become a trait in the Nigerian character no thanks […]

Economy

How To Diversify The Economy For Inclusive Growth By Luke Onyekakeyah

June 23, 2020 Omoniyi Osadare 0

As the Coronavirus (COVID-19) pandemic takes its toll on the economy, people, institutions and organisations, the Buhari administration must think out of the box for a way out of the quagmire. This is not the […]

Economy

National Identity – The Building Blocks For Economic Inclusion By Ndidi Nwuneli

June 19, 2020 Omoniyi Osadare 0

Border closures have proven to be a practical means to contain and limit the spread of the coronavirus in most countries. However, the restricted movement that results from state and national border closures hinders the […]

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