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HomeEconomy

Economy

Economy

Dollar To Conclude Year As Winner

December 23, 2016 Omoniyi Osadare 0

The heightened expectations of higher US interest rates in 2017 has fuelled the Greenback’s market shaking appreciation this quarter with the currency on route to conclude the year as a champion amongst majors. Sentiment remains […]

Economy

Recession Won’t End Soon, Says Obi

December 21, 2016 Omoniyi Osadare 0

A former governor of Anambra State, Mr. Peter Obi, on Tuesday, said the economic recession in the country would last longer than expected. He stated this at the Nnamdi Azikiwe University, Awka, Anambra State, while […]

Banking

FACT CHECK: Did Sanusi Get His Facts Wrong On CBN? | TheCable

December 12, 2016 Omoniyi Osadare 2

Muhammad Sanusi II, the emir of Kano and former governor of the Central Bank of Nigeria (CBN), recently claimed that the CBN has been illegally funding the Muhammadu Buhari-led administration. In his claims, Sanusi said […]

Economy

2017 Budget: What Should Be FG’s Focus? | Punch

December 8, 2016 Omoniyi Osadare 0

There are so many issues and they all require attention. However, we still need to prioritise the issues. We talk of infrastructure, unemployment and insecurity, under which we have the insurgency in the North-East and […]

Economy

Fed Poly, Ede, Trains 4,000 Students On Agric Entrepreneurship Skills

December 3, 2016 Omoniyi Osadare 0

THE Federal Polytechnic, Ede, has trained over 4,000 final year students on various agricultural programmes with a view to accelerating youth’s agricultural entrepreneurship skill. The agricultural programme, which was meant to make the students self-reliant, […]

Economy

Economic Mismanagement and a Bag of Rice By Undung Pam

December 1, 2016 Omoniyi Osadare 0

Much as I appreciate what the media has done by publicising the speech delivered by Dr Oby Ezekwesili at the Inaugural Business Lecture of the Lagos Country Club, I am still not quite certain about […]

Banking

We’re Addressing Recession With Wrong Tools —CBN

December 1, 2016 Omoniyi Osadare 0

ABUJA— The on-going economic recession has persisted owing to application of wrong prescription by non-professionals, the Director of Policy of the Central Bank of Nigeria, CBN, Mr. Moses Tule, has contended. The CBN chief spoke […]

Banking

Naira Loses 85% of Value In Two Years – CBN

November 28, 2016 Omoniyi Osadare 0

The Central Bank of Nigeria says the naira has lost about 85 per cent of its value in the last two years and there is a need for risks managers in banks to be on […]

Economy

Fighting Corruption And Economic Recession By Denja Yaqub

November 27, 2016 Omoniyi Osadare 0

The current economic crisis, an exposé on the predicted disabilities and inhuman dispositions of neo liberal policies, especially its role in developing economies just as it is in all sectors, seem to be one that […]

Economy

FG Gets States’ Input Into Economic Recovery Plan By Ifeanyi Onuba

November 25, 2016 Omoniyi Osadare 0

Top officials of the Federal Government on Thursday met with the Commissioners of Budget and Economic Development and Permanent Secretaries of related departments in states of the federation to get their inputs into the National […]

Economy

Nigeria’s Economic Slump Deepens as Oil Output Continues to Drop

November 23, 2016 Omoniyi Osadare 0

Nigeria’s economic slump deepened in the third quarter as oil production continued to fall and factory output was hit by a shortage of dollars. Gross domestic product in Africa’s most populous country contracted 2.2 percent […]

Economy

Four Charts That Show Nigeria’s Economic Dilemma | Bloomberg

November 23, 2016 Omoniyi Osadare 0

Nigerian central bank Governor Godwin Emefiele faces the unenviable task of balancing the needs of an economy that shrank every quarter so far this year with an inflation rate that’s at the highest in more […]

Economy

The Semiotics of ASUU’s Warning Strike By Niyi Akinnaso

November 22, 2016 Omoniyi Osadare 0

Thinking with You Niyi Akinnaso, niyi.tlc@gmail.com When I was teaching Semiotics to graduate students at Temple University in Philadelphia, United States of America, I often used “The Rhetoric of the image”, a classic semiotic analysis […]

Economy

Economy Sinks Deeper Into Recession | Vanguard

November 22, 2016 Omoniyi Osadare 0

Goods and services produced in Nigeria between July and September 2016 have dropped lower as the nation grapples with economic slow down. Companies and other economic agents in the country are producing far below their […]

Economy

Stopping The Looming Economic Implosion By Eze Onyekpere

November 21, 2016 Omoniyi Osadare 0

Everywhere you turn in the Nigerian economy, it is bad and heart breaking news. Some examples will show the trend. For two quarters running since the beginning of the year, Nigeria has recorded negative growth […]

Business

MMM Defies Nigerian Parliament, Marks One Year Anniversary

November 20, 2016 Omoniyi Osadare 0

Despite the call by Nigeria’s House of Representatives for the country’s financial regulator and law enforcement agencies to crack down on pyramid financial scheme called MMM, members of the community across the country have celebrated […]

Banking

SSS Clampdown On Bureau De Change Continues, 40 Arrested In Kano

November 19, 2016 Omoniyi Osadare 0

The State Security Service has arrested about 40 Bureau de Change operators in Kano for allegedly selling foreign currencies above the official rates. An official of the Alamant Bureau de Change Association in Kano, Abdulhamid […]

Economy

Who’s In Charge Of NNPC?, By Azu Ishiekwene

November 18, 2016 Omoniyi Osadare 0

The real elephant in the room is Buhari approving the changes before Kachikwu found out. It’s yet another sad chapter in the greasy tale of the NNPC, a beast that apparently consumes the reform and […]

Economy

10 Ways To Survive Nigeria’s Worst Recession In 29 Years | TheCable

November 16, 2016 Omoniyi Osadare 0

The tides are rapidly changing and in this unstable economy, everyone — regardless of social standing and class — must adapt to survive. Adapting can be extremely challenging especially when the situation is an economic […]

Economy

What Recession Means To Ordinary Nigerians By Mike Onwukwe

November 16, 2016 Omoniyi Osadare 0

I bring to the attention of the good people of Nigeria what the situation is like back home these days because any Nigerian who fails to speak up is an accomplice or accessory after the […]

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