Economy

If you remember Sir Rider Haggard’s novel, you will remember the eponymous protagonist, a most beautiful, wilful monarch, “She,” who must always be obeyed. Well, diminutive Dr. Chris Ngige, the Minister of Labour and Employment, […]

The federal government has announced that it is giving the financially insolvent states fresh bailout loans of N90 billion. It will be the third time in less than a year that the Buhari APC federal […]

It has been said from times immemorial that the truth is bitter. In terms of the cause of poor electricity supply ravaging the nation nowadays, that fact was brought home vividly by a statement issued […]

The Nigeria Labour Congress (NLC) yesterday threatened to shut the six banks that sacked their workers. The umbrella union gave the affected banks two weeks’ ultimatum to recall the sacked workers and allow unionisation. The […]

Just like the discovery of Texas’s Powell Field in 1901, Zuunbayan Oil Field in Mongolia in 1940, the Oloibiri Field by Shell in the Niger Delta region of Nigeria in 1956, and the Forties field […]

Thursday, June 9, 2016 is a day to remember in the annals of governance in Nigeria. On that day, three important events took place, all in Abuja. The first was the town hall meeting held […]

Africa’s power outage continues to cripple the growth of its economy. Compared to other parts of the world, power generation capacity in Sub-Saharan Africa remains woefully inadequate. While countries such as the United States, United […]

The Presidency has said counterpart funding from states is not required to start the implementation of the Federal Government’s National Home-grown School Feeding programme. It said the present administration had already provided N93.1bn in the […]

LAGOS — Losses incurred by investors in conglomerates, multinational corporations and other big capitalized companies quoted on the Nigerian Stock Exchange, NSE, as a result of the delay in the roll out of the new […]

We reproduce this article that was first published in March last year. We warned the nation of the tough times ahead in the foreign exchange market, banks sacking workers and the economy at large. In […]

As the irrational exuberance and euphoria following the announcement to move towards a flexible exchange rate regime subside, we can now focus on the key fundamental productivity issues confronting Nigeria’s economy. We do this by […]

Gale of sacks in the financial sector is worrisome; but threats of licence withdrawal is wrong It was perhaps expected that the Federal Government will react sternly to the gale of job shedding in the […]

The 36 states and the 774 local government councils in the country shared N2.8 trillion from the Federation Account in the last one year, a report by the Economic Confidential, an intelligence economic magazine, has […]

•Deposit declines by N1.029tr A proposal to limit the over the counter cash withdrawal by bank customers to N10,000 has been tabled before the Central Bank of Nigeria (CBN). The Sub-committee on Payments Systems and […]