Economy

I join Lawyer Femi Falana in asking the government to desist from incurring new foreign loans. This I do for several reasons. Falana listed a number of sources from which government could recover up to […]

Oil tumbled by the most in two months after output talks Sunday between the world’s biggest producers ended without any agreement on limiting supplies, a diplomatic failure that threatens to renew the rout in prices. […]

United Kingdom (UK) Minister for International Development, Nick Hurd, on Friday said his country has increased its humanitarian support and would be providing up to £32m over the next three years to help deliver basic, […]

The immediate past Minister of Finance, Dr Ngozi Okonjo-Iweala on Friday denied indicting the administration of former President Goodluck Jonathan on its inability to save for the rainy day. The former minister said in a […]

Western governments always pursue Keynesian economics as developed countries. But through the International Monetary Fund, they impose neo-liberal economics on developing countries’ governments. In other words, while they pursue expansionary, deficit-spending policies that focus on […]

As a way of finding solutions to the current currency slump in Nigeria, the Industrial and Commercial Bank of China Ltd and the Central Bank of Nigeria have signed a deal on Yuan transactions. Recently, […]

How that the fuel queues are shrinking and the black marketers as well as their filling station collaborators are returning home to wait for the next harvest, it is fit and proper to relive the […]

Banks’ loans to the economy appeared to have stunted in 2015 after a two-year recovery and growth. Total loans as at end of 2015 was N13.1 trillion, up by a paltry 1.5 per cent against […]

As the federal government intensifies efforts to pacify the Nigerian Labour Congress (NLC) and the organised labour from embarking on its planned one-day nationwide warning strike, the Trade Union Congress (TUC) wednesday said labour might […]

The Senate wednesday began the process of passing the controversial and much awaited Petroleum Industry Bill (PIB) as the bill scaled first reading on the floor of the upper chamber. The bill was re-christened as […]

Nigeria National Petroleum Cooperation, NNPC, has revealed that an average of $1.8 billion is spent on quarterly basis on the importation of Premium Motor Spirit, PMS, also known as fuel, into the country. This was […]

OPEC said it may deepen cuts to its forecast for global oil demand growth due to slowing economic expansion in emerging markets, warmer weather and the removal of fuel subsidies. The Organization of Petroleum Exporting […]

There is no other way to put it, Vice President Yemi Osinbajo is very wrong on his position on the Value Added Tax  which he considers as rather low and therefore plans to increase. The […]

President Muhammadu Buhari is in China today, having arrived there last Monday for a five-day visit. As usual, his journey out of the country has been generating ripples among those who would rather have the […]

China has offered Nigeria a $6 billion loan to fund infrastructure projects, the Minister of Foreign Affairs, Mr. Geoffrey Onyema, said yesterday in Beijing the Chinese capital. “It is a credit that is on the […]

By the time you are reading this, it will be Day 2 of President Muhammadu Buhari’s five-day visit to China. A major highlight of the visit is the signing of a $2 billion package to […]

It was a chance encounter. But then a disagreement on the Buhari administration handling of the economy, or rather its (mis)management of the forex regime, developed into an interesting conversation on the Nigeria situation. The […]

Brent crude prices rose to a four-month high of $43.06, yesterday, as a rally in wider commodities markets encouraged buying ahead of a meeting of oil producers in Doha next Sunday. The meeting is aimed at […]

The telecommunication and other services sectors have contributed 8.7 percent to Nigeria’s Gross Domestic Product, GDP in 2015, with the country’s main economic stay, oil, accounting for 6.4 percent. Dr. Doyin Salami, a lecturer at […]

President Muhammadu Buhari, who arrived in China yesterday on a week-long visit, will begin his programme with the opening ceremony of the Business Forum of the China/Nigeria Production Capacity Cooperation. The delegation will then leave […]