Recession is defined by economists as two consecutive quarters of negative Gross Domestic Product growth rate in an economy. It is a confirmation that economic activities in a country have contracted. We believe by now, […]
A former Military Head of State, Gen. Yakubu Gowon, has advised President Muhammadu Buhari to urgently address the economic and other problems ravaging Nigeria. Gowon said this in a chat with journalists on the sideline […]
The Central Bank of Nigeria (CBN), has given itself a new mandate and it has nothing to do with money matters. It does not even have anything to do with stabilising the foreign exchange regime […]
arely 48 hours after the governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, appeared before the senators last Tuesday, where he painted a gloomy picture of Nigeria’s economy, with inflation and stagnation being […]
It is believed that the Bank of England is in charge of world’s money supply. It appears that the history of this institution could reveal its secret. Well before the conflict for establishing a National […]
Elder statesman, Dr. Chukwuemeka Ezeife, has warned President Muhammadu Buhari to do away with selfish tendencies in his appointments. Ezeife warned that Nigeria’s economy was in crisis, adding that the way forward for Nigeria was […]
The sharp and steady depreciation of the Naira at the inter-bank foreign exchange market in the last one week has forced the Central Bank of Nigeria, CBN, to intervene yesterday to stem the slide. The […]
Former President of Nigeria, Olusegun Obasanjo, has called for an improved business relationship between Nigeria and Morocco, saying such will create mutual benefits for both countries and advancement of Africa’s economy. This was even as […]
There is acute suffering across the country as the present economic downturn worsens, CHUX OHAI writes These are not the best of times for many Nigerians who have been struggling against all odds to make […]
It’s a safe bet that investors are getting increasingly tired of all the conflicting forecasts about oil and gas prices. Some argue that oil is heading back to $20 thanks to the continuing excess supply. […]
ABUJA— MINISTER of Finance, Mrs. Kemi Adeosun, yesterday, painted a gloomy picture of the economy when she appeared before the Senate, saying the country was already in recession. This came as Minister of Budget and […]
The biggest country in Africa that the United Kingdom colonized is Nigeria. The biggest country that the United Kingdom colonized in Asia is India (which then comprised the present Pakistan and Bangladesh). When the UK […]
Nigeria is in technical recession, the finance minister, Kemi Adeosun, said Thursday. Appearing before the senate, Mrs. Adeosun made efforts to allay public fears about the implication of the country’s troubled economy, saying “things are […]
Chairman of Presco Plc., Mr. Pierre Vandebeeck, has said that the resilience and robustness of the Nigerian economy makes it the destination of choice for investors despite increased challenges experienced by the business environment in […]
Developing countries lose an estimated 23 billion U.S. dollars annually through failure to comply with Group of 20 non-tariff measures, the UN Conference on Trade and Development (UNCTAD) says. According to new data published by […]
A number of Indian state-owned refiners have been actively picking up Malaysian oil cargoes for loading in July and August amid growing uncertainty over the exports of Nigeria’s crude grades, according to regional sweet crude […]
Economists on Wednesday advised the Federal Government and the Central Bank of Nigeria to review their policies and introduce measures that would turn around the dwindling fortunes of the nation’s economy. They spoke against the […]
AS a retired army general, president Buhari and a host of other retired military officers in his cabinet, including Abdulraman Danbazau, minister of defense; Hameed Ali, Comptroller General of immigration; Babagana Mongonu,national security adviser, amongst […]
The theme of this year’s Nelson Mandela Annual Lecture is “living together.” This is fitting, because in many ways, “living together” was also the theme of Nelson Mandela’s life. The system he fought against was […]
ABUJA— THE Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, yesterday, painted a gloomy picture of the economy during a closed-door meeting with senators. Vanguard gathered that the CBN governor told the senators […]
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