Economy

If the number of challenges which the 2016 budget has encountered is anything to go by, the document would go down in history as a special budget. To start with, it is the first budget of […]

International oil companies operating in the Niger Delta region are not thinking about pulling out from Nigeria at the moment despite the continued bombing and destruction of their facilities by militants in the area. However, […]

The Federal Government has ruled out any possibility of providing bailout funds to banks to boost their operations, following the gale of job losses in the banking sector in the last two weeks. A top […]

Vice-President Yemi Osinbajo on Thursday inaugurated the Federal Government’s national Home-Grown School Feeding programme. The event, which was held inside the old Banquet Hall of the Presidential Villa, Abuja, was also witnessed by state governors […]

The Minister of Power, Works and Housing, Mr. Babatunde Fashola (SAN), says contractors will resume work on the Lagos-Ibadan Expressway next week. Fashola, who spoke at the inaugural Buharimeter Town Hall meeting in Abuja on […]

In the past few months, the electricity distribution companies (DisCos) have been all over the place, trying to justify why they cannot discharge their obligations to customers. It is heartrending that instead of effective service […]

A wage is monetary compensation or remuneration paid by an employer to an employee in exchange for work done. Payment may be calculated as a fixed amount for each task completed or at an hourly […]

Oil prices climbed to fresh peaks for 2016 for the third day in a row yesterday due to supply disruptions in Nigeria and data showing lower (United States) US petroleum inventories. The Niger Delta Avengers, […]

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, yesterday  said due process was delaying the release of N350 billion planned to reflate the economy. Before the 2016 Appropriation Bill was signed, the government […]

The Senate on Wednesday resolved to summon the Labour and Employment Minister,  Dr. Chris Ngige; the Governor of Central Bank of Nigeria, Dr. Godwin Emefiele,  and the heads of the various commercial banks, on the […]

And now we have to capitulate to the economists. They have won. Rather than a fixed exchange rate, the naira is being thrown to market forces which will determine its “true” value. Already, it is […]

For stakeholders in the Nigerian stock market, the one year anniversary of President Muhammadu Buhari provides an opportunity to review the market performance in the last one year and attempt a projection into the future […]

•Lagos’ N844 billion MOU with the private sector is a model for public works in times of dwindling funds The proposed 4th Mainland Bridge, to be funded and constructed by a slew of private sector […]

The four-unit Gas powered Electricity generating Egbin Power Plant in June 2012 was in a state of disrepair and neglect, and lacking in overhaul maintenance for decades. The plant managed to epileptically produce a paltry […]

Banks yesterday got a marching order from the Federal Government to pull the brakes on the retrenchment of workers or face sanctions. Minister of Labour and Employment Chris Ngige said the government will no longer […]

Oando Plc yesterday secured a N94.6 billion facility from nine local banks to enable it restructure its debt positions and improve earnings. The financing, coordinated by the mandated Lead Arranger, Access Bank Plc, is a […]

The recent trend of retrenchment of workers in the financial services sector on Monday extended to Skye Bank Plc, which sent 175 of its employees into the labour market. The bank confirmed the development in […]

Lagos has always been a place of small beginnings. A small port town, a puny army, a humble royalty, a seeming patch of land, straggles of settlers. During the Yoruba Wars, it snorted under the […]

In popular Greek mythology, “Pandora’s Box was actually a large jar given to Pandora by the gods, the box contained all the evils of the World, and when Pandora opened the box, all the evils […]

It is no longer news that Nigerian economy is at a brink of recession. The nation’s real Gross Domestic Product (GDP) growth rate declined to -0.36 per cent in the first quarter of this year […]