About 1,500 employees of a Lagos-based tomato paste manufacturer, Erisco Foods Limited, are set to lose their jobs as the firm has shut down its $150m plant in Lagos. The Chief Executive Officer of Erisco […]
Nigeria has the opportunity to do something that can improve the country’s position in the supply of energy. Doing so should enhance the amount of money Nigeria receives for its products as it can charge […]
The inescapable fact is that no Yoruba state, with the exemption of Lagos can survive alone. Therefore, by the force of history and geographical proximity, we have to come together, tap our abundant human and […]
For 2017, the Federal Government has proposed a budget of N6,866,335,052,740. The Presidency which formally informed the National Assembly of the proposal yesterday also disclosed that it would set up a $25 billion Infrastructural Development […]
The Federal Government is demanding $406.75 million from Shell Petroleum Development Company of Nigeria Limited and its subsidiary, Shell Western Supply & Trading Limited, over alleged crude oil theft. The amount, according to court documents […]
The recession in Nigeria, announced in July by finance minister Kemi Adeosun and confirmed when the National Bureau of Statistics subsequently published figures showing a 2.06% dip in economic growth, is indicative of the country’s […]
The proposed sale of national asset to raise funds to be spent towards economic recovery has pitched Nigerians into two broad groups – supporters and opposition. Different categories of Nigerians have stated their stance on […]
Says naira under attack, N500/$ not true reflection of currency’s value IOCs to exercise preemptive rights in the event of assets sale Following the outcry that has trailed the advocacy for the sale of the […]
President Muhammadu Buhari has said that between March and July 2016, a space of five months, the activities of militants in the Niger Delta region resulted to Nigeria’s transmission system experiencing up to 16 system […]
Basil Ogbuanu is the President of Nigerian Association of Liquefied Petroleum Gas Marketers, NALPGAM, and also the Managing Director of Second Coming Gas Limited, a liquefied petroleum gas, LPG, company with offices in Lagos and […]
As if the current unclear economic policy context was not disconcerting enough, the sudden emergence of a raging debate on the sale of public assets has escalated one’s fears that easier things seem to appear […]
Is it lawful for the Federal Government to meet the short-term gap in its finances by selling national assets? What does the 1999 Constitution say? ROBERT EGBE examines the law and the argument of lawyers […]
European Union (EU) official Fillippo Amato yesterday advised the Federal Government to devalue the Naira as part of measures to tackle the economic recession. Amato, Counsellor, Head of Trade and Economics Section of EU, stated […]
To ex-Central Bank of Nigeria (CBN) Governor Charles Soludo, the proposals to sell valuable national assets remain in the realm of advice and recommendations. The professor believes that the targeted revenue from such endeavour will […]
The most important way of ensuring sustainable growth is through infrastructure. So, as a short time measure, the Federal Government should mobilise massive funds for immediate investment in basic infrastructure across the region. This will […]
…Charles Darwin’s very nightmare going on in Nigeria with those who don’t have much to sell or to gain extra income bearing the full brunt! This recession has caused Nigerians to ask “to be or […]
Temporary problems should not blind or divert us from the corrective course this government has charted for our nation. We have identified the country’s salient problems and we are working hard at lasting solutions. Today, […]
President Muhammadu Buhari has vowed never to stop blaming his predecessors for the current economic woes of the country despite the public outcry against the buck passing. He said it was necessary to let Nigerians, […]
National Leader of the All Progressives Congress, Asiwaju Bola Ahmed Tinubu, has described the 56th independence anniversary of the nation as an opportunity to reflect on ways to rework and strengthen the nation’s political, social […]
In the heat of the election to halt the Peoples Democratic Party’s 16 years rule in 2015, the new coalition of opposition political parties that formed the All Progressives Party brought in a renowned American […]
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