Economy

The Lagos State Government has issued retirement benefit bond certificates to the tune of N1.002bn to a set of 275 retirees from the Mainstream, Local Government, Lagos State Universal Basic Education Board, Teachers Establishment and […]

The Federal Government has set up an account for the stolen funds it recovered in the last one year. The Muhammadu Buhari-led government revealed on Saturday that N78, 325,354,631.82; $185,119,584.61; £3,508,355.46 and €11, 250 had […]

Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attacks on Nigerian oil infrastructure tighten supplies, but signs of recovering U.S. output capped gains. […]

The month of May, especially the latter part of it, is usually the best time of the year for me to travel out of the country. The weather is kind to tropical birds like us […]

The President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, says Nigeria loses $1bn (about N197bn) annually due to poor condition of roads in the country. He said this on Friday during the […]

‎ The myth about the inability of state governments to pay salaries is being taken too far. The truth is that it is absolutely impossible for any state to be incapable of paying legitimate salaries […]

Victor Odozi’s four-part serial on “Rescuing and defending the Naira” (The Guardian, May 23-26, 16) was quite interesting. But it fell very short on the key reason for the Naira’s beleagured condition by excluding the […]

THE chicken has come home to roost. It is time to end the tomfoolery or else… For more than forty years, state governors have gathered in Lagos (when it was still the Federal capital) and […]

Last week, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, announced that instead of the fixed exchange rate strategy the CBN had decided to adopt a more ‘flexible exchange rate policy’ […]

Shell’s Nigerian country chair Osagie Okunbor has said recent attacks by militants in the country had contributed to a “significant decline” in production levels. A number of companies oil sites have been attacked by the […]

Nigerian equities yesterday came under intense pressure, piling up a net loss of about N684 billion within the 10-hour trading sessions in the past two days. Against the background of N425 billion on Tuesday, aggregate […]

There have been many comments since Federal Government announced the new petrol price increase. I will restrain myself from calling it deregulation because the fact that price band of 135 to 145 Naira per litre […]

Last week, the Senate adopted the report of its ad hoc committee on import duty waivers, concessions and grants. It was, in every respect, a confirmation of what Nigerians already know of the grand bazaar […]

Fuel subsidy ranks high on the list of policy albatross President Muhammadu Buhari inherited. A recurring theme in Nigeria’s policy realm, subsidy removal has been debated for over three decades. Except for President Umaru Yar’Adua, […]

Opinions are still divided among stakeholders in the economy about the Federal Government’s recent currency swap deal with China. While some people are of the belief that the swap holds bright prospects, others think it […]

“For too long, ours has been a society that neglects the poor and victimises the weak. A society that promotes profit and growth over development and freedom. A society that fails to recognise that, to […]

Africa’s installed capacity of power is 90GW. That is about the equivalent to Germany’s installed capacity from wind and solar sources alone. This tells two major stories; Africa is actually more power poor than it […]

International Oil Companies (IOCs) in the Joint Ventures production are being owed $7 billion by the Nigerian National Petroleum Corporation (NNPC), the  upstream investment arm of the state oil firm, Petroleum Investment Management Services (NAPIMS), […]

The National Bureau of Statistics said on Tuesday that the country recorded a decline of N793.5bn in the first quarter merchandise trade to close at N2.72tn from N3.51tn in the fourth quarter of 2015, the […]