Economy

Minister of Solid Minerals Development, Dr. Kayode Fayemi, has urged Britain to take advantage of the abundant mineral deposits in Nigeria and enabling environment to invest in the country’s mining sector. Fayemi, who addressed British […]

LESS than two weeks from now, the APC/Buhari government should be celebrating its one-year in office. Amid several issues upon which the govern­ment’s performance can be judged are, its unmistak­able strides in the curbing of […]

THE Central Bank of Nigeria (CBN) yesterday said N120 billion out of the N213 billion Nigerian Electricity Market Stabilisation Facility (NEMSF) has been disbursed in four tranches. CBN Governor, Godwin Emefiele who disclosed this during […]

It has become boring to bemoan the paltry electricity which Nigeria generates.  It is also trite to state that, more than 55 years after independence, we still depend on imported generators for electricity. It grieves […]

Let us begin with some knowns. First, Nigeria, a giant of OPEC, does not produce enough fossil fuel for the needs of the populace. Second, while the crude oil it produces is dwindling by the […]

It filtered through media outlets like a hot knife through a pack of cheddar-cheese. My first instinctive reaction was a grizzle. Fuel is N145 per litre in Nigeria? With pervasive pain and poverty in the […]

“Arguments sometimes are pretenders “ – Plato The arguments adduced by self-styled economic experts or analysts who have been advocating for official devaluation of the Naira exchange rate vis-a-vis the U.S. Dollar and other foreign […]

They told us during the electioneering season that there was nothing like fuel subsidy and that all the subsidy claims were actually a way of settling the super-rich friends of the then government. They told […]

The Rivers State House of Assembly has given the state Governor,  Nyesom Wike, the approval to take a N10bn bailout from the Federal Government. Members of the House on Thursday agreed to the request of […]

The 36 state governors have decided to turn to the World Bank as one of the ways of surviving the current economic downturn in the country, which has made it difficult for many of them […]

Having spent a whole week in Germany travelling through villages in Lusatia, Brandenburg and attending lectures in Berlin studying the German Energy Mix for the purpose of understanding lessons Nigeria could learn, today’s article was […]

I started writing this article at the weekend, believing that the federal government had, at long last, decided to do away with the long standing and costly oil subsidy. Whatever its attractions, it is no […]

Buffeted from all sides by vicious vultures, the government last week finally caved in to the demand of advocates of deregulation by increasing   pump price of petroleum from N87 to N145. The increase, according to […]

One of the casualties of military rule on the political psyche of Nigeria is that politics has lost its philosophical personality. The only thing that drives people into politics is the quest for power because […]

What is more alarming in the midst of the current  crisis  of  fuel price increase is not really its searing impact on the lives of the citizens . Of course, the increase throws into sharp relief the calamitous  progression of  […]

As many parts of the nation continue to experience blackout, electricity distribution companies have said their inability to obtain foreign exchange to import equipment and a revenue shortfall of N300bn are some of the factors […]

The leadership of the Nigeria Labour Congress on Tuesday walked out of the meeting held with the representatives of the Federal Government, vowing to go ahead with its scheduled nationwide strike on Wednesday (today). Representatives […]

For the past 28 years or so, virtually every measure trumpeted as a solution to the instability in the supply and pricing of gasoline has turned out to be a gigantic swindle. The long-running swindle […]

This write-up is prompted by The Guardian’s excellent editorial comment of May 11, 2016 titled “Saudi Arabia’s plans, lesson for Nigeria.” That editorial comment really conquered my heart because it was an excellent piece of […]

  The Central Bank of Nigeria (CBN) has granted Jaiz Bank national license to operate Islamic non-interest banking in all the states of the federation. Reporting to the Sultan of Sokoto (who is the head […]