Economy

It is one of the pithy and eternal sayings of our elders. From age to age, it remains a gem: do not worry about the ringworm when you are infested with leprosy, the saying admonishes […]

This column has consistently maintained that the root cause of our economic paradox of increasing income, with unbridled rate of unemployment, and deepening poverty will be found in the conscious but incorrect adoption of a […]

After about three months (budget was first presented to National Assembly by President Muhammadu Buhari on Dec.22, 2015) of being in congress for deliberations , the 2016 appropriation bill proposed at N6.08 trillion has eventually […]

The Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that a number of international oil companies, IOCs, in the upstream oil and gas sector have agreed to provide foreign exchange for oil marketing companies for the […]

Nigeria’s state oil company has offered to talk to an international watchdog that says it failed to hand over billions of dollars in oil revenues despite government promises to tackle mismanagement and corruption. President Muhammadu […]

The new social assistance programme will also enrich social contract between the state and the citizenry and create a culture of accountability and trust between governments and citizens Nigeria must put the welfare of its […]

The Electricity Meters Manufacturers Association of Nigeria (EMMAN) on Saturday said it was planning to gradually increase its meter production capacity from 25,000 to 50,000 monthly. The Executive Secretary of EMMAN), Mr Muideen Ibrahim, told […]

The Federal Government on Saturday recommenced the payment of subsidy on petrol as it subsidised the commodity by N5.84 for every litre of premium motor spirit consumed in Nigeria. Subsidy on petrol was stopped in […]

Republican presidential front-runner Donald Trump predicted that the United States is on course for a “very massive recession,” warning that a combination of high unemployment and an overvalued stock market had set the stage for […]

The straightforward thesis of the slim but powerful new book published last year by the Lagos State University (LASU) – based political economist, Dr Sylvester Odion Akhaine, is vividly captured by its graphic title – […]

Anyone still doubting the manipulative influence of multinationals in the political economy of Third World countries like Nigeria only needs to pay more attention to dispatches from our aviation sector lately. With the nation falling […]

The operational loss of the Nigerian National Petroleum Corporation grew from N3.55bn in January 2016 to N24.23bn at the close of business in February same year, latest figures from the firm’s financial report have shown. […]

  Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. Over a five-hour conversation, Deputy Crown Prince Mohammed […]

Nigeria may be working hard to diversify its economy from the monolithic crude oil export to intensive agricultural and solid minerals export in order to earn the precious foreign exchange and accumulate foreign reserve. Unfortunately, this measure is more damaging […]

President Buhari presented a budget proposal of N6.07 trillion on December 22, 2015, and after necessary amendment and deliberations by the National Assembly, the budget eventually got the nod of the legislators. The Nigerian budget […]

Nine firms are bidding for co-location of new refineries. They are to operate within the four refineries in Kaduna, Warri and Port Harcourt. The bid submission yesterday was witnessed by representatives of the Nigerian Extractive […]

This week Lagos State, Office of Overseas Affairs and Investment launches Lagos Global, a one stop shop for investors. “The main objective of this workshop is to let all our colleagues know about our office, […]

No doubt, the prevailing economic situation in the country has elicited a series of reactions, postulations and recommendations from a broad spectrum of actors on how to come out of the quagmire. A persistent call […]