Economy

A large part of my time this last weekend was spent travelling to Kenya where I made a presentation on the ill-effects of corruption in Nigeria and how the introduction of subsidies by different governments […]

•A great idea that should not be left to the states alone Ironically, what is popularly acclaimed by citizens as a laudable social welfare programme to reduce mass hunger among school children, improve nutrition, enhance […]

After about 16 months of battling to stabilise the naira-dollar official exchange rate at N197/US$1 in the face of macro-economic headwinds and dwindling foreign exchange earnings which fell “from about US$3.24bn monthly to current levels […]

“With the flag-off by the Vice President, Professor Yemi Osinbajo of the cleanup of Ogoni due to decades of damage done to the environment as a result of oil spill, inhabitants of oil producing areas […]

The Lagos State Government has signed an investment deal with the City of Dubai, United Arab Emirates. The deal is expected to bring multi-billion dollar investments to Lagos, create thousands of jobs and transform the […]

Tucker Carlson told viewers Tuesday on “Special Report with Bret Baier” that it’s “ludicrous” for Hillary Clinton to attack Donald Trump’s economic plans. “It’s always amazing to watch liberals lecture anyone else on debt,” said […]

Poor Godwin Emefiele. Last Wednesday, he finally caved in to the strident demands to let go of the apex bank’s hold on the foreign exchange market. The CBN document, ‘’Framework for Re-introduction of Managed Float […]

The Central Bank of Nigeria (CBN) has done the appropriate thing by introducing a new foreign exchange (FX) regime and guidelines for the operations of the market-driven exchange rate for the Naira. The more flexible […]

The naira plunged by 31 per cent to 288.85 against the United States dollar on Monday at the close of trading at the newly established interbank market. The local currency also depreciated at the parallel […]

•Stringent as the conditions may be, interested states must comply to benefit Two bailouts after and some 27 states still in arrears of salaries and pensions running into several months, and with indications that many […]

The budget in virtually all countries of the world is governed by laws and policies laid down to serve the best interest of the country. These laws and policies are subject to change when empirical […]

The implementation of the new flexible foreign exchange regime is expected to raise the annual Diaspora remittances from $21 billion to $35 billion, President, Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, […]

The CBN’s decision to float the Naira in response to dollar demand and supply, in such austere times, will probably be primarily remembered as another policy shift that breached the gates and unleashed devastating floods […]

“But far more numerous was(is) the herd of such, who think too little and who talk too much.” John Dryden, 1631-1700. (VANGUARD BOOK OF QUOTATIONS, VBQ, p 245). “Fed Govt to cut 2016 Budget; increase […]

As Nigerians await the new forex rate which takes effect tomorrow, experts have predicted that the new interbank forex trading rate will range between N260 and N280 to the dollar. The Central Bank of Nigeria […]

Mobilising Capital Market Financing for Nigeria’s Economic Growth, is a subject that fills me with excitement and hope for the future of Nigeria. The capital markets present our leaders with the opportunity to write their […]

There are strong indications that civil servants are likely to forfeit part of their salary arrears as the financial situations in the states worsen, Saturday PUNCH can report. Nigeria has been hit by an economic […]