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Economy

Total Tax Base of Individuals in Nigeria is 10m – Fowler…Punch

July 19, 2016 Omoniyi Osadare 0

The Chairman, Federal Inland Revenue Service, Mr Tunde Fowler, says the total tax base for individuals in Nigeria is 10 million. Fowler said this at the 2016 Tax Week of the Chartered Institute of Taxation […]

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Economy

Nigeria Remains Major Focus Market in Africa – Indian Envoy…Vanguard

July 19, 2016 Omoniyi Osadare 0

The High Commissioner-Designate, Indian High Commission, Mr. B.N Reddy, has stated that Nigeria remains the major focus market in Africa. Ruddy also expressed delight over Nigerian government’s on-going massive programme towards diversifying its economy beyond […]

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Economy

Political Or Economic Malpractice: Which Is Worse? (2) By Magnus Onyibe

July 19, 2016 Omoniyi Osadare 0

IT may be recalled that, sometime in in 2009-10,when some Members of Parliament, MPs in the U.K were discovered to be receiving mortgages for both London homes and residences in their constituent/ homestead, there was […]

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Economy

Nigeria’s Economy Resilient, Say Analysts | TheNation

July 18, 2016 Omoniyi Osadare 0

Nigeria’s economy is still Africa’s number one, notwithstanding the 30 per cent drop in the currency last month knocked almost $150 billion off its Gross Domestic Product (GDP). South Africa, which has regained second place […]

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Economy

An Economy On The Brink By Henry Boyo

July 18, 2016 Omoniyi Osadare 0

A close study of our recent economic history would suggest that the present policies adopted by government, particularly with regard to Naira devaluation, and fuel price increase, are not different from the same strategies that […]

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Economy

Govt Uses Agric Projects to Steal – Obasanjo…Punch

July 17, 2016 Omoniyi Osadare 0

Former President Olusegun Obasanjo on Saturday said government had the role of helping agricultural development through policy making and incentive. But he noted that direct involvement in production had been discovered to be a channel […]

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Economy

110 Million Nigerians Are Poor, Says Osinbajo By Olalekan Adetayo

July 17, 2016 Omoniyi Osadare 0

Vice-President Yemi Osinbajo on Saturday said about 110 million Nigerians were living in poverty. He said two-tenth of that figure were in extreme poverty.

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Economy

‘Economy Needs Urgent Fix, Nigerians Are Hungry’ By OVIE OKPARE-WARRI

July 17, 2016 Omoniyi Osadare 0

A Niger Delta group, Urhobo Monitoring and Development Group, on Saturday called on President Muhammadu Buhari-led administration to fix the country’s ailing economy from sliding into total collapse. Prince Kingsley Oberuruaria, National President of UMDG, […]

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Banking

Why Nigeria Is Reeling Under Cash Crunch, By Budget Minister Udoma

July 15, 2016 Omoniyi Osadare 0

BIG cash crunch has hit Nigeria – no thanks to poor returns from oil and the inability of revenue agencies to meet their targets. The implementation of the budget has taken a hit, Budget Minister […]

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Economy

Entertainment Can Generate More Money Than Agriculture – Kola-Daisi

July 15, 2016 Omoniyi Osadare 0

Ask many people to assess the economic capacity of the Nigerian entertainment industry, they will say it is potentially a goldmine. But the Chief Executive Officer of Mobile Screens and Services Ltd., Mr. Tunbosun Kola-Daisi, […]

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Economy

Naira Falls to 363 as Dollar Scarcity Continues…Punch

July 15, 2016 Omoniyi Osadare 0

The naira fell further to 363 against the dollar at the parallel market on Thursday, as the scarcity of foreign exchange continued to weigh on the value of the local currency at the interbank and […]

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Economy

Buharimeter: Nigerians Score Buhari Low On Economy | PremiumTimes

July 14, 2016 Omoniyi Osadare 0

While majority of Nigerians are aware of steps taken by the Muhammadu Buhari administration to curb corruption, they still think the government has not done enough to stop the stealing of public funds, a new […]

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Economy

PENGASSAN’s Insensitivity | Jide Oluwajuyitan

July 14, 2016 Omoniyi Osadare 0

Coming at the time ordinary Nigerians are going through a period of unprecedented hardship, the ongoing strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) is one strike too many. It […]

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Business

EXCLUSIVE: Nigeria, Indian Firm Reach Agreement On Ajaokuta Steel Company | PremiumTimes

July 10, 2016 Omoniyi Osadare 0

Barring any last minute change in plans, an amicable resolution of the ownership crisis surrounding the Ajaokuta Steel Complex might be reached early August when the Nigerian government and Messrs Global Steel Holdings Limited, and […]

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Economy

Deregulation: Petrol Consumption Falls By 30%, Says FG

July 9, 2016 Omoniyi Osadare 0

The deregulation of the downstream oil sector and the increase in the pump price of Premium Motor Spirit from N86.5 per litre to N145 have led to the reduction in the consumption of the product […]

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Economy

Baru Unveils 12-point Agenda For NNPC

July 9, 2016 Omoniyi Osadare 0

Maikanti Baru, the newly appointed group managing director of the Nigerian National Petroleum Corporation (NNPC), has unveiled a 12-point agenda for his tenure at the corporation.

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CRIME

EFCC’s Most Wanted Fugitives

July 9, 2016 Omoniyi Osadare 0

The Economic and Financial Crimes Commission (EFCC) presently has at least 76 persons on its list of wanted individuals.

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Economy

There Is A Future To Embrace By Segun Gbadegesin

July 8, 2016 Omoniyi Osadare 0

Some narratives of the past are soothing and reassuring. We used to take pride in our communitarian ethos which abhors crass materialism and greedy individualism. Nationally, we’ve been through some good times which we unfortunately […]

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Economy

Customs Pegs Import Duty Exchange Rate at N282/US$

July 6, 2016 Omoniyi Osadare 0

LAGOS — FOLLOWING the release of the new foreign exchange policy, the Nigeria Customs Service has pegged import duty rate at N282 to a dollar with effect from July 1.

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Economy

Reporting Economic Crimes In Nigeria (2) | TheNation

July 6, 2016 Omoniyi Osadare 0

Last week, this column dwelt on the need for journalists in the country to dig deep into issues while processing them as news for the reading public. It is because Nigerians know very little about […]

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