The Nigerian equities market closed on a negative note on Monday as Forte Oil Plc, Honeywell Flour Mill Plc, Cadbury Nigeria Plc, Nascon Allied Industries Plc and Oando Plc led a N64bn loss at the […]
ABUJA—The current economic recession may linger for a while as the Presidency yesterday raised alarm about imminent food shortages that might eventually lead to famine in the country starting from January next year. This, it […]
The delivery of 360 exotic cars to members of the House of Representatives has begun amid the economic downturn in the country. Investigations by The PUNCH revealed on Sunday that 28 units of the Peugeot […]
Pat Utomi (Professor of Political Economy) There is no clear right or wrong answer in the clampdown on BDC operators. But there are consequences based on the established culture and character of the actors. For […]
The 2017-2019 MTEF indicate that the Medium Term Plan for the Nigerian economy is being steered in the wrong direction, though the advantage of the MTEF is that it provides forewarning which if heeded could […]
In order to force a favourable exchange rate for the Naira, the Nigerian government has commenced a clampdown on money changers, called Bureau De Change operators. Dozens of money changers have since Wednesday been arrested […]
If this project is carried through, there is every likelihood that 80 percent of the graduates will be subsumed in the rough ways of Lagos bus drivers and conductors in no time, and perhaps become […]
The Nigerian foreign exchange market was on Wednesday neutral to the victory of Donald Trump in the United States presidential election. Trump, 70, emerged the 45th president of the US, after beating Democratic candidate, Hillary […]
Borrowing has become fashionable in Nigeria for states to test their viability by going to the credit market to borrow money, even for consumption purposes or just to satisfy kleptocratic urge. The Federal Government serves […]
Western Union, an international money transfer services company, says Nigeria is one of the most connected countries in the world when it comes to receiving and sending money. The company said it moved money from […]
Some experts have identified greed, corruption and instability of the financial sector as reasons why people keep money at home. In South-West, a financial analyst, Mr. Rotimi Agboluaje, bemoaned the trend, saying this had impacted […]
These are critical times. The Nigerian economy is almost fully in a post-oil phase and would now have to compete globally for investments. This will require repositioning public service delivery across the country for the […]
It doesn’t take any extra skill or wisdom to know that the greatest challenge of the Nigerian government today is the economy. And without fixing it, the government cannot claim to have succeeded. Fixing the […]
The prevalent unfavourable forex regime has continued to reduced the volume of vehicles imported through the Nigerian ports, the Operations Manager, Ports and Terminal Multiservices Limited, Jack Angrish, has said. Angrish said that the unstable […]
From the dramatic tale of unrequited love in Lagos to the farce of an aborted wedding in Delta, the comedy of lesbian sex video in Anambra, to the tragedy of a lady suddenly giving up […]
With the continued call for America’s tax reform, it will be in the best interest of emerging economies to be prepared for the worst. Whether Trump or Clinton wins at the polls, this policy may […]
The Minister of State for Budget and National Planning, Mrs. Zainab Ahmed, has said that the national economic recovery plan for the next three years will be ready next. She explained at an economics communications […]
The Egyptian pound will be allowed to float as government struggles with worst economic crisis in decades Egypt has devalued its currency by 48% and announced that it will be allowed to float – measures […]
The Senate has decried the abandonment of overtime cargoes worth billions of naira at the Ikorodu Lighter Terminal by the Nigeria Ports Authority for over 10 years. Senators on oversight visit to the ports had […]
Author of ‘Practical steps to financial independence’ and personal finance coach, Usiere Uko, writes on how to come out of recession Anytime there is a recession, it is believed that there is less money in […]
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