Economy

TODAY, I am proud to feature in my col­umn my friend Aigboje Aig-Imoukhuede, a man with a coat of many colours: a law­yer turned banker, the President of the Ni­gerian Stock Exchange, the Chairman of […]

Good day Sir. Trust you are having a good day (you seem incapable of having a bad day actually). Firstly, I thank you for your voice. Your views- mature, intelligent, logical and passionate. I can […]

At the moment, the rate of inflation in Nigeria stands at 16 per cent. However, the floating of the naira is a bold move to unshackle the Nigerian economy and position it on the path […]

On June 20, 2016, a new foreign exchange policy effectively commenced in Nigeria. It was a major shift from the controlled regime to a market-based one.  According to the Central Bank of Nigeria, naira will […]

Oil prices dropped more than three per cent yesterday due to return of Nigerian and Canadian crude output from outages and as traders booked profits at the end of the best quarter in seven years. […]

IN the first week of December 2015, Chinese and African leaders gathered in Johannesburg, South Africa, for the second historic summit of the forum on China-Africa Cooperation, FOCAC. Apart from the FOCAC that has held […]

For now, Nigerians can at least heave a sigh of relief that the long-running but rather unproductive debate about the value of the naira has finally come to an end. Just imagine; while the debate […]

Thanks to the union of several tiny countries in the island of British — Scotland, Wales, Northern Ireland, led by England — giving up their sovereignty to form the Great Britain, the United Kingdom, enjoying […]

The naira fell to 351 to the United States dollar at the parallel market and slightly to 282 at the new interbank market on Monday. Following the floating of the naira and the adoption of […]

The “419”, otherwise known as advance fee fraud, scam is well-known in Nigeria for boasting empty promises of stupendous returns which induce victims to willingly part with their valued possessions. These fraudsters, ply their trade […]

Dangote Group President Aliko Dangote said at the weekend that his company lost N50 billion to the flexible foreign exchange policy. The Central Bank of Nigeria (CBN) last week scrapped the dual exchange rate policy, […]

Barely two weeks after the Federal Government announced the N90bn conditional loan facility to be given to 36 states, only seven states have met requirements stipulated to access the fund. Investigations by our correspondent showed […]

Britain’s decision to leave the European Union could be the beginning of the disintegration of the bloc of countries or the United Kingdom, said economist Nouriel Roubini on Sunday.

The Federal Government and 10 other states lost over N538bn to thousands of ghost workers in the last five years, investigations by Saturday PUNCH have revealed. Of the amount, the Federal Government paid N220bn to […]

The other day, I did a write-up on the absurd and deceitful reversal of the pledge by the Central Bank of Nigeria to offset the whole backlog of LC obligations of customers of deposit money […]

Executive compensation refers to the financial payments and non-financial monetary benefits provided to high level management in exchange for their work on behalf of an organisation. The type of employees who are typically paid with […]

On June 3, 2016, Godwin Emefiele, the Governor of the Central Bank attained his second anniversary in office. This is a tenure which has been hallmarked so far with the struggle to maintain the foreign […]

Britain has voted to leave the European Union, results from Thursday’s referendum showed, a stunning repudiation of the nation’s elites that deals the biggest blow to the European project of greater unity since World War […]