To say these are challenging economic times for most Nigerians would be an understatement. Officially, we are in a recession. I do not believe that anyone would have fully anticipated the current economic clime, two […]
“Your leaders have no respect for their people. They believe that their personal interests are the interests of the people. They take people’s resources and turn them into personal wealth. There is a level of […]
The Securities and Exchange Commission, SEC, yesterday stated that banks are now mandated to accept dividend warrants into the savings account of investors and as well get them enrolled free of charge in the e-Dividend […]
The naira plunged to 400 against the dollar at the parallel market on Thursday as shortage of foreign exchange continued to have negative effects on economic activities in the country. The local currency had closed […]
The Minister of Information, Culture and Tourism, Alhaji Lai Mohammed, says President Muhammadu Buhari has saved Nigeria from economic crisis and prevented the economy from getting worse than it would have been. Mohammed said this […]
When Muhammadu Buhari was sworn-in as the elected President of Nigeria on May 29, 2015, he made what many considered a heart-lifting speech. The best part was the “I belong to everybody and I belong […]
BATTLING to stave off a looming economic recession, the Federal Government’s Economic Management Team (EMT) on Tuesday held a consultative forum with economic and financial experts. The meeting, chaired by Vice President Yemi Osinbajo, afforded […]
consequent downward shift in the naira exchange rate to around N295 per dollar from N197.50 previously, severely impacted its cost of sales and was the primary driver behind the gross margin contraction. The performance has […]
ILORIN—There was pandemonium in Oloje area of Ilorin, Kwara State capital, yesterday, when a middle-aged woman, identified as Medina, was found dead inside a well. Men of the state’s fire services had a hectic time […]
Economists on Wednesday called on the Federal Government to stimulate the level of exports of goods and services in order to take the country out of recession. The economists said at a monthly round-table in […]
LAGOS—The Central Bank of Nigeria, CBN, yesterday, directed banks operating in the country to accept deposit of cheques into savings account and to begin to embed Bank Verification Number, BVN in payment cards. The CBN, […]
There is something truly rotten about the state of our National Assembly. Like many aspects of Nigerian public life the National Assembly represents a moral blackhole in the firmament of the country’s existence. The whole […]
With rising inflation, poor growth, declining consumer demand, high interest rate, and businesses struggling to post positive figures, the state of the economy is worrisome. The trend could worsen with a confirmation by the figures […]
President Muhammadu Buhari’s Economic Management Team met with top economists and financial experts in Abuja on Tuesday in continuation of its consultations towards tackling the country’s economic recession. The meeting, presided over by Vice President […]
Many thanks to our over-pampered federal legislators, this past week we got a good serving of comic reliefs from the National Assembly. Suddenly, the words “pad” and “padding” have been shoved into our faces and […]
In January 2016, the Central Bank of Nigeria announced that it had stopped, with immediate effect, the sale of foreign exchange to Bureau de Change operators, so as to reduce pressure on Nigeria’s foreign reserves. […]
Being the speech delivered by Femi Falana SAN to mark the 50th anniversary of the assassination of Colonel Adekunle Fajuyi, first military governor of Western Region at the Nigerian Law School, Victoria Island, Lagos) The […]
When plans and theories seem to have failed and the path ahead appears crooked; when today looks bleak and tomorrow appears dreary; when the systemic stench signals a deepening and the societal decadence portends a […]
A former Deputy Governor of the Central Bank of Nigeria, Mr. Tunde Lemo, has said the country should expect a further shrinkage in economic activities this year. He said the impact of this projected shrinkage […]
To some analysts in the financial sector, the decisions taken at Tuesday’s Monetary Policy Committee (MPC) meeting will rub off on the economy. But, others say they may affect some players in the economy. TAOFIK […]
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