Economy

“As an entrepreneur, nothing gives me more pleasure than the opportunity to give back to the community” – Aliko Dangote at the 38th Pre-Convocation Lecture ABU, Zaria January 29, 2016

As the scarcity of Premium Motor Spirit continues to take a toll on motorists and other consumers in most parts of the country, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday […]

The template for public expectation from President Muhammadu Buhari’s recent visit to China was formally defined by Femi Adesina, in a press release which the President’s spokesperson published a day before Nigeria’s star studded delegation […]

There is historical romance in the air. It is love in Peking, or better still Love in the time of The Yellow Peril. As a film buff of the old Odeon and Metro cinema variety, […]

The Central Bank of Nigeria has imposed a total fine of N3.2bn on United Bank for Africa Plc, Zenith Bank Plc, Guaranty Trust Bank Plc, and Sterling Bank Plc for committing various kinds of regulatory […]

Investors in the country’s capital market (equity category) lost over N1.053tn in the first quarter of 2016. Within three months (January to March), the equities market depreciated by 10.79 per cent according to available data […]

The Federal Government has said that it would need the sum of $700 million to upgrade the nation’s refineries to be able to perform up to 90 per cent capacity. The Minister of State for […]

I give a streaming applause for President Muhammadu Buhari’s brawny efforts to get Nigeria out of her present economic sticky-wicket. Nigeria is in a deep ditch; and it appears to me that this President has […]

In a national broadcast to mark the forgiveness of Nigeria’s debt by the Paris Club in 2005, former President Olusegun Obasanjo made some remarks, which I have since held on to. In closing the broadcast, he […]

During his official visit to China, President Muhammadu Buhari concluded with the Chinese president a $6 billion loan to Nigeria for the construction of the Lagos-Calabar rail project. Nigeria is to provide some N40 billion […]

The naira has enjoyed a free fall in recent times. This is an indication of the level of productivity in the country. This is also what led to the stock exchange crash a few years […]

The Economic and Financial Crimes Commission( EFCC) has quizzed the Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCO), Mr. Bayo Bashir Ojulari over the controversial  Malabu oil block (OPL 245) deal.

As the name implies, currency swap is an arrangement between two friendly countries to trade in their own local currencies, paying for import and export trade at pre-determined rates of exchange without the use of […]

The last few months have been particularly trying for Nigerians, no light, no fuel and for a good many no water, stretching our patience like never before. A cursory review of the power sector for […]

IN the last five years or more,Nigeria’s debt profile has been rising instead of shrinking.But government is  telling us little or nothing about the far reaching implications on our economy and what it entails for […]

No fewer than 12 offshore companies have been linked to the Group Chief Executive of Oando PLC, Mr. Wale Tinubu, who is also a nephew of the National Leader of the All Progressives Congress, Bola […]

The Nigerian Stock Exchange, NSE, yesterday, experienced disruption in trading which resulted in extension of transactions by another two hours, ending at 4:30p.m. The NSE starts trading by 9.30a.m. each day and closes by 2:30p.m. The […]

Crude oil prices wobbled alarmingly, well below Nigeria’s modest budget benchmark of $38/barrel for several weeks, but, unexpectedly flexed above $40 in early April to rekindle hopes that the fortuitous price spiral will be sustained […]

Last week, the Nigerian National Petroleum Corporation (NNPC) sought to explain why long queues of motorists have not disappeared from filling stations, particularly in Abuja and its environs. NNPC Group General Manager, Public Affairs, Garba […]

Watch out all you dollar hoarders: the Chinese yuan is coming for you. Many financial analysts think the dollar under your pillow may soon be worth less than the rate at which you bought it. […]