Economy

The Federal Inland Revenue Service, FIRS, yesterday said it was targeting a revenue of N4.9 trillion in 2016. This came as the Emir of Kano, Alhaji Muhammadu Sanusi II, asked Muslims in the country to […]

Investors demanded for  N2 trillion worth of government securities in March, reflecting the level of idle funds (excess liquidity) in the banking system. President Muhammadu Buhari and Vice President Yemi Osinbajo at the opening of […]

This week, President Muhammadu Buhari will visit China, during which Nigeria will conclude a loan agreement to finance infrastructure and fund the 2016 budget deficit. Some reports say he could be coming home with up […]

“FAST cars whizz around, malls are full of expensive luxuries and cranes dominate the skyline. But scratch the shimmering surface of the Gulf and you soon find countries hurting from the low oil price, currently […]

These are definitely not the best of times for Minister of State for Petroleum, Ibe Kachikwu, who stuck out his neck to tell the whole world that by Thursday (three days ago) the ‘magic’ he […]

Since unrelenting fuel scarcity and power outages hit the country a couple of weeks ago, many a Nigerian has asked the natural question, where do we go to for energy? The situation is not funny, […]

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

LAGOS has enormous potential for economic growth. Despite not being an oil producing state, it remains one of the few states in the country that is self sustaining. Its growing economy derives its strength from […]

There have been over 1,000 comments on our Facebook post asking for your tips on how to survive Nigeria’s fuel crisis. Here are a few of the suggestions: Haruna Isa Musa Yaro, who is from […]

Will I be right to say that Nigeria’s energy crisis has defied all solutions? I have this nagging feeling that this albatross of successive Nigerian governments is set to shame the Buhari administration. While Nigerians […]

There is an unconfirmed rumour that  commercial motorcycles, popularly called “okada” may be completely banned as a mode of transport in the Lagos metropolis. As much as the press should be on the side of […]

The National Assembly recently passed the 2016 Appropriation bill after making a minor cut of N17bn to the budget size from the initial N6.077tn proposed by the Executive arm of government. At N6.06tn, it is […]

Our economy did well in the last decade with the average GDP growth rate between 2005 and 2015 reaching an impressive 5.9%. Notwithstanding, the economy is still in the doldrums as it struggles to cope […]

Ford Motor Co. will invest 2.5 billion rand ($167 million) in the U.S. automaker’s South African operations to start production of the Everest sport utility vehicle and create about 1,200 jobs. The company’s plant in […]

Ford Motor Co (F.N) on Tuesday announced it would invest $1.6 billion to build more small cars in Mexico, starting in 2018, triggering a fresh blast of criticism from Republican front-runner Donald Trump. Following the […]

With the reported passing of the budget by the National Assembly last week, the game of endurance to which Nigerians have been subjected would appear to be over. Barring that the issues raised by the […]

Dr. Ibe Kachikwu’s apology on the unending fuel scarcity in the country is welcome, but he has to do better than a magician to end fuel scarcity, especially by the deadline he has set for […]

The Federal Government, Monday, said it is not going back on its decision to remove subsidy from Premium Motor Spirit, also known as petrol. Specifically, the Petroleum Products Pricing Regulatory Agency, PPPRA, in a statement […]