Economy

“I hear the World Bank says Nigeria is now the worst place to do business in the entire world.” “I don’t believe it.”“I also hear that of the 15 fastest growing economies in Africa, Nigeria […]

For some years now, the finances of the state governments have been in a mess. They have become largely insolvent and financially bankrupt, and this sad state of affairs is a major source of public […]

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 […]

If there is any lesson the Federal Government must learn from the lingering petrol crisis, in the unabated long queues at our petrol stations, it is that that a government cannot substitute itself for the […]

Nigerian workers joined the rest of the world last Sunday to celebrate Workers Day. The occasion offered the nation another opportunity to consider the condition of its workers and proffer solutions to their problems. In […]

An oil firm, Yinka Folawiyo Petroleum Company Limited (YFP), has started the production of crude oil from its Aje Field located in Block OML 113, offshore Lagos. The firm said oil produced from the Aje […]

This year’s May Day activities in Nigeria were marked with the Nigerian Labour Congress (NLC) and the Trade Unions Congress (TUC) jointly tabling a demand for the upward review of the national minimum wage from […]

The leadership of organised Labour Unions, last week presented a new demand for N56,000 monthly minimum wage, to the federal government. The President of Nigeria Labour Congress (NLC) Comrade Ayuba Wabba told a news conference […]

If there is any lesson the Federal Government must learn from the lingering petrol crisis, in the unabated long queues at our petrol stations, it is that that a government cannot substitute itself for the […]

Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC) Dr. Ibe Kachikwu has said the NNPC  will drill for oil in the Chad Basin in the last quarter. He reiterated the commitment of […]

  Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the […]

At a time, as we were growing up, there was this story and later an illustration, especially on the front pages of some brands of exercise books, of a man virtually being crushed to the […]

In the effort to keep the wolf from the door, even as the federating states continue to go broke, there have been inferences that the government may increase the VAT rate. No official confirmation to […]

It is almost a year since we had a change of government and yet we do not have a budget. This is simply embarrassing and totally uncalled for. In any civilized country, the minister of budget […]

Still on planning or failing to plan for the rainy day reminds me of the famous words of wisdom patented, I suppose, by some economic guru, but which I think is plainly commonsensical enough even […]

President Muhammadu Buhari has urged the World Bank to do all within its powers to facilitate the speedy repatriation of Nigeria’s stolen funds still being held by the Swiss authorities. The president specifically enlisted the […]

Oil hit its highest level yesterday, driven by a falling dollar and evidence of declining United States (U.S..). supply, putting the price on course for its strongest monthly performance since last April. Brent crude futures […]

Deutsche Bank (DBKGn.DE) posted a surprise net profit in the first quarter, helped by lower litigation costs, sending its share sharply higher in pre-market trading. Quarterly net income fell 58 percent to 236 million euros […]

The Bilateral Currency Swap Agreement that President Muhammadu Buhari brought back from his China trip confirmed what everyone already knew: Nigeria is the hub of West Africa’s economy. And pitting the Chinese dragon against Uncle […]

The exact deal President Muhammadu Buhari struck with China during his recent visit is still shrouded in speculations since officials continue to contradict one another. But what is very clear is that in the attempt […]