Economy

When, in 2014 the Goodluck Jonathan administration announced N213billion facility for the stakeholders in the power sector, the idea was to help them improve power generation and distribution in the country. The money was supposed […]

Minister of Labour and Employment Senator Chris Ngige has said the government would negotiate with the leadership of Nigeria Labour Congress (NLC) on the new N56,000 minimum wage presented to it by the organised labour. […]

Dear Chief Ogbeh, This is a follow-up on the issues I raised last week in “A friendly letter to President Buhari” (The PUNCH, May 3, 2016), namely, the vexing problems of herdsmen’s killings and the […]

It is miscellany time again, Matters Miscellaneous being the rubric I patented more than three decades ago to take editorial notice, in broad strokes and short takes and in no particular order, of some events […]

For federal and state governments, the month of March would herald a new low on their fiscal calendar. With a total N299.75 billion available to be shared for the month – the lowest allocation in […]

President Muhammad Bukhara has revealed that 27 out of 36 state governments have not been able to meet salary obligations to their staff. That is official. This is in spite of the bailout provided to […]

These are hard and harsh economic times for Nigeria. A culture of waste, indiscipline,  mindless corruption as well as lack of planning and vision on the part of the leadership at all levels has made […]

Some understandable degree of excitement greeted the recent state visit of President Buhari to China. The visit has been marketed by government spokespersons as full of promise for our critically injured economy. There will be […]

NIGERIANS should brace for new petrol prices, with the Federal Government deregulating the downstream sector of the oil industry. There is likely to be a minimum of 27.17 per cent hike in fuel price nationwide, […]

It is common practice in the print media for a Newspaper to identify and evaluate an issue of public significance and then make sensible recommendations that would be socially beneficial. Ultimately, after presumed exhaustive debate […]

Barely a month of launching his Lagos Global, the Lagos State Governor, Akinwunmi Ambode, has earned what is at once an accolade and a job. He has been appointed vice president of Commonwealth Enterprise and […]

•It is unsustainable; but then, we must expedite local refining of petrol Although it underlies the dilemma of a leading oil producer which nonetheless imports fuel for its domestic needs, it is perhaps not the […]

Last week Wednesday, the European Union (EU) was quoted as asking Nigeria government to increase export of agricultural produces like rubber, cocoa and palm oil to the EU countries. The Head of EU Delegation to […]

Last Friday, President Muhammadu Buhari finally signed the 2016 budget into law. Given the way everyone discussed this budget prior to the signing into an Act, you would be excused for thinking that all our […]

According to the World Bank’s Doing Business 2016 report, Nigeria ranked 169 out of 189 countries surveyed on the Ease of Doing Business. The report examined the business economic conditions of 189 countries across all […]

The Nigerian National Petroleum Corporation (NNPC) paid N69.544 billion into the Federation Account in March, according to  the oil giant’s monthly financial report for March released at the weekend in Abuja. It added that the […]

Only a few days ago, the Governors Forum met with President Buhari to indicate concerns of its members about the growing failure of states to meet their statutory duties: payment of salaries to workers and […]

Nigeria currently earns only 35 per cent of what it used to earn from oil, the Accountant General of the Federation (AFG), Alhaji Ahmed Idris, said yesterday. He regretted that although the nation depends largely […]