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HomeEconomy

Economy

Economy

Sanusi: Nigeria Will Go Bankrupt With Current Governance Structure By Ebunoluwa Olafusi

June 14, 2020 Omoniyi Osadare 0

Muhammadu Sanusi II, former emir of Kano, says Nigeria is set up for bankruptcy with its current structure of governance. According to The PUNCH, Sanusi spoke at a webinar hosted by Emmanuel Chapel, with the […]

Economy

Relevance of Petroleum Equalisation Fund To Socio-Economic Development of Nigeria By Eniola Olakunri

June 11, 2020 Omoniyi Osadare 0

Where justice is denied, where poverty is enforced, where ignorance prevails, and where anyone class is made to feel that society is an organised conspiracy to oppress, rob and degrade them, neither persons nor property […]

Economy

Guardian (NG): Africa’s Economic Recovery Beyond Rhetoric

June 10, 2020 Omoniyi Osadare 0

At the second UBA Africa Day Conversations the other day, some African leaders in government, business, and multilateral institution spoke exhaustively about what Africa needs to do to recover quickly from the economic effects of […]

Business

COVID-19: Food Prices Hit 15.03% High In 2 Years

June 8, 2020 Omoniyi Osadare 0

• Transportation, Dearth Of Farm Hands Is Responsible —Daramola • We Should Buckle Up For More Inflation —Adesola • Lagos Master Bakers Threaten 60% Bread Price Increase For the first time in two years, food […]

Economy

Nigeria’s Economy Like US Pig Farms By Minabere Ibelema

May 31, 2020 Omoniyi Osadare 0

The road from a pig farm in Iowa to the offices of economic development in Abuja is a long one. So, you need to saddle up for the ride. Even as US grocery stores struggled […]

Business

Back To The Future With Agriculture By Matthew Agboma Ozah

May 27, 2020 Omoniyi Osadare 0

The official calls for boosting the employment prospect of the nation’s teeming youths through economic diversification have been persistent in recent times. Since the advent of President Muhammadu Buhari administration, the government has kept the […]

Business

Produce More, Nigeria Has No Money To Import Food, Buhari Urges Farmers | PremiumTimes

May 25, 2020 Omoniyi Osadare 0

President Muhammadu Buhari has advised Nigerian farmers to increase their food production as Nigeria has ‘no money’ for food importation. Even before the coronavirus pandemic, Nigeria has restricted food importation as the country strived to […]

Economy

Nigeria’s GDP Expands By 1.87% Amid Global Challenges By Oluseyi Awojulugbe

May 25, 2020 Omoniyi Osadare 0

Nigeria’s gross domestic product (GDP) expanded by 1.87% in the first quarter of 2020, according to the National Bureau of Statistics has shown. The bureau, in the report which was released on Monday, said the […]

Business

Are The Poor Unwilling To Pay Tax? The Case of Economic Inequality In Nigeria By Sanni Alausa-Isa

May 23, 2020 Omoniyi Osadare 0

Where you are born is more predictive of your future than any other factor – Bill and Melinda Gates. As I read the 2019 edition of the Goalkeepers, an annual report card on the world’s […]

Economy

‘African Car Market To Grow Amid COVID-19’ By Benjamin Alade

May 22, 2020 Omoniyi Osadare 0

Despite the Covid-19 pandemic, African Association of Automotive Manufacturers (AAAM) has estimated that new-vehicle sales in sub-Saharan Africa can grow from around 100 000 a year, outside South Africa, to around two-million a year in […]

Economy

Enabling Digitally Led Trade Growth Is a Key Opportunity By Vinod Madhavan

May 22, 2020 Omoniyi Osadare 0

The Covid-19 outbreak is set to significantly impact trade growth for the year as countries limit physical movement to curb the virus spread. While the health crisis undoubtedly has vast negative implications for global trade […]

Economy

Punch: Uncertainty of Reopening Schools And The Challenges Ahead

May 20, 2020 Omoniyi Osadare 0

The closure of school nationwide has disrupted learning and access to vital school-provided services for a record number of students in Nigeria. On March 19, 2020, a circular from the Federal Ministry of Education granted […]

Economy

Before Reopening The Economy | Punch

May 1, 2020 Omoniyi Osadare 0

Nigerians have not experienced something of this magnitude before. About 80% of the country’s population are made up of the Gen X, Millennias, Gen Z, and Gen Alpha. A silent revolution is thus gradually creeping […]

Economy

The Guardian (UK): British Airways Plans To Make Up To 12,000 Staff Redundant

April 29, 2020 Omoniyi Osadare 0

British Airways has set out plans to make up to 12,000 of its staff redundant because of the global collapse in air travel in the face of the coronavirus pandemic. The airline’s chief executive, Alex […]

Economy

Analysis: Experts Forecast Bleak Economic Outlook For Nigeria After COVID-19 Crisis Eases | SaharaReporters

April 28, 2020 Omoniyi Osadare 0

With oil prices slipping and Coronavirus taking its toll on Nigerians, the Nigerian economy has been squeezed into a dollar crunch. Experts have predicted a bleak future for the country’s economy when the crisis eases. […]

Economy

A Looming Depression: The Best Opportunity To Take Control Of Our Economy, By ‘Tope Fasua

April 27, 2020 Omoniyi Osadare 0

…the time to do something different is now. Our profound opportunity exists around reorganising our society. Now that everyone is minding their own country, under this period of global scare, home bias and lethargy, we […]

Economy

Food Prices Fall In Lagos As March Inflation Hits 12.26% By Oluseyi Awojulugbe

April 21, 2020 Omoniyi Osadare 0

Data released by the National Bureau of Statistics (NBS) has shown that the consumer price index (CPI) which measures inflation increased by 12.26% in March. An analysis of the report released by the bureau on […]

Economy

TheCable: US Oil Price Enter Negative Territory, Trades At $-2 Per Barrel

April 20, 2020 Omoniyi Osadare 0

The US crude, also known as West Texas Intermediate, is currently trading in negative territory at $-2 per barrel. This is the lowest point ever. The last time prices dipped so low was in 1915 […]

Business

Driving Sustainable Growth In Nigeria’s Agricultural Sector By Uka Eje

April 20, 2020 Omoniyi Osadare 0

Nigeria’s over-dependence on oil and its ability to stoke it into a fully-fledged industry over the past half-century clearly stemmed from its abundance. The potential of the agricultural industry is no longer in question – […]

Economy

COVID-19: World Bank Supports Nigeria With N31.2bn By Emma Ujah

April 18, 2020 Omoniyi Osadare 0

THE World Bank has announced N31.2 billion ($82 million) to support Nigeria’s fight against the COVID-19 pandemic. Announcing the support in a statement, the bank said it is moving quickly to provide fast and flexible […]

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