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HomeEconomy

Economy

Banking

N649bn Bad Loans: Banks To Sell Over 1,000 Debtors’ Properties | Punch

August 21, 2016 Omoniyi Osadare 0

Deposit Money Banks have put up for sale over 1,000 properties belonging to several customers, who were unable to service their loans, investigations by Sunday PUNCH have shown. This came about eight months after the […]

Business

Obasanjo: If Agriculture Is Taken Seriously, It Will Eradicate Poverty | TheCable

August 21, 2016 Omoniyi Osadare 0

Former President Olusegun Obasanjo says agriculture is capable of eradicating poverty. Speaking when he visited the Adamawa state government house in Yola, the former president said the sector could bring industrialisation to the state. He […]

Economy

RECESSION: Kumuyi, Udom Foresee Hope For Nigeria By Sam Eyoboka

August 21, 2016 Omoniyi Osadare 0

GENERAL Superintendent, Deeper Christian Life Ministry, Pastor William Kumuyi and the Akwa Ibom State governor, Mr. Emmanuel Udom last Sunday assured Nigerians that the current harsh economic situation would soon abate. Speaking at a special […]

Business

Nigerians To Pay 9% Tax On Calls, SMS, MMS, Data, Others By Naomi Uzor

August 21, 2016 Omoniyi Osadare 1

Speaking at a stakeholders’ meeting organised by the Lagos Chambers of Commerce and Industry, LCCI, on CST bill which seeks to levy nine per cent on subscribers for the use of the various communication services, […]

Economy

Economic Recession: Nigerians Have Realised Electing APC Was A Costly Mistake- Usman

August 21, 2016 Omoniyi Osadare 2

Chieftain of the opposition Peoples Democratic Party, PDP and one of the aspirants for the position of the National Publicity Secretary, NPS, in the party’s botched National Convention, held in Port-Harcourt, Rivers State, last Wednesday, […]

Business

The Change I Have Noticed By Olalekan Adetayo

August 20, 2016 Omoniyi Osadare 0

The present administration led by President Muhammadu Buhari came with a promise of change which is the slogan of the ruling party, the All Progressives Congress. Over one year after coming on board, there have […]

Economy

Oil Rally: Flash in the Pan By Sonny Atumah

August 20, 2016 Omoniyi Osadare 0

The West Texas Intermediate (WTI) crude rallied between US$43 andUS$46.62 a barrel in the last one week. It gave hope that glimmered in our hearts of a positive signal that the market may witness a […]

Economy

Devaluation: Did President Buhari Get It (1) | Punch

August 19, 2016 Omoniyi Osadare 0

Last week, my gate keeper suddenly packed his luggage with the intention of quitting his job. The reason he decided to withdraw his services and return to his country is the weakening exchange rate between […]

Economy

5 Million Nigerians Live Abroad – EU

August 18, 2016 Omoniyi Osadare 0

Mr Richard Young, Deputy Head of Department, European Union in Nigeria, says more than 5 million Nigerians are living abroad of which half of them are in Sub-Saharan Africa. Young made the statement on Thursday […]

Economy

Our Economic Policies Are In Right Direction, CBN Replies el-Rufai By Caleb Ayansina

August 17, 2016 Omoniyi Osadare 1

ABUJA—CENTRAL Bank of Nigeria, CBN, has reiterated that its current economic policies were in the right direction to rescue the dwindling economic situation in the country. Governor of CBN, Mr Godwin Emefiele, who faulted critics […]

Economy

Why Our Budgets Fail — Udoma By Soni Daniel

August 16, 2016 Omoniyi Osadare 0

Abuja— Failure to link policies, plans, Medium Term Sector Strategy, MTSS, and budgets has been identified as a major factor that leads to deficient planning and poor budgeting outcomes in many developing countries. Budget and […]

Business

APC Not Fit To Rule, Nigeria May Explode – Makinde By CALEB AYANSINA

August 16, 2016 Omoniyi Osadare 0

ABUJA – A former Prelate of Methodist Church of Nigeria, Dr. Sunday Ola Makinde, Monday, said that the All Progressive Congress (APC) administration led by President Muhammadu Buhari is not fit to rule the country. […]

Economy

Our Economic Policies Are In Right Direction, CBN Replies El-Rufai By Caleb Ayansina

August 16, 2016 Omoniyi Osadare 0

ABUJA—CENTRAL Bank of Nigeria, CBN, has reiterated that its current economic policies were in the right direction to rescue the dwindling economic situation in the country. Governor of CBN, Mr Godwin Emefiele, who faulted critics […]

Economy

Under Jonathan, Nigeria Earned N51trillion From Crude Oil By Clifford Ndujihe

August 15, 2016 Omoniyi Osadare 2

The Nigerian state, during the five-year Presidency of Goodluck Ebele Jonathan, earned a total of N51 trillion from petroleum resources. The money is part of the N96.212trillion the country earned in 58years of crude oil […]

Economy

Inevitable Choice Between N10,000 Note And Redenomination By Henry Boyo

August 15, 2016 Omoniyi Osadare 0

A number of households across the nation have become severely traumatised by the escalating prices of goods and services, particularly in the last six months or so. The uneasy feeling that one’s pocket has been […]

Economy

Hunger In The Land As Economy Goes Bankrupt By Emmanuel Nwachukwu

August 15, 2016 Omoniyi Osadare 0

The simple definition of insolvency is when an entity is unable to pay its debt as they fall due. Going by this definition, the Federal Government and most states of the federation can be adjudged […]

Economy

Nigeria Will Become Better, says Kumuyi | Punch

August 15, 2016 Omoniyi Osadare 0

The General Superintendent, Deeper Life Christian Ministry, Pastor William Kumuyi, has said that the country will experience change when individuals take steps within their circles of influence. The clergy, who said he had just come […]

Business

U.S. Senator Edward J. Markey Visits Nigeria, Seeks to Expand Internet Access in Africa

August 14, 2016 Omoniyi Osadare 0

Lagos –– United States Senator Edward J. Markey (D-Mass.), the ranking Democratic Party member on the Africa and Global Health Policy Subcommittee of the Senate Foreign Relations Committee, is leading a congressional delegation to Lagos […]

Banking

We Took The Best Economic Decision, Says Emefiele By Ifeanyi Onuba

August 14, 2016 Omoniyi Osadare 0

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Saturday said the apex bank took the best monetary policy option in addressing the current economic challenges facing the country. He also said […]

Economy

Attention Buhari: Hunger-Induced Crime On The Increase By Evelyn Usman

August 13, 2016 Omoniyi Osadare 1

Nigerians, across the country, are no doubt facing difficult times owing to the current economic recession. Although the President Muhammadu Burari’s -led administration has been applauded for its fight against corruption, following several arrests of […]

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