Economy

THE recent directive by the Nigerian Senate to the Nigerian Electricity Regulatory Commission to stop the announced increase in electricity tariffs seems to be based on the assumption that the regulatory body and the electricity […]

The best things in life, it is said, are free, but sooner or later the government will find a way to tax them. Truth be told; nobody likes taxes. Even renowned English statesman, Winston Churchill, […]

The promise of Africa’s biggest economy has turned to peril. Companies drawn to Nigeria by the prospect of a population bigger than Germany and Turkey’s combined are retreating; those staying have publicly criticized the president, […]

A week ago, on March 23, 2016, the National Assembly, after several postponements, passed the 2016 appropriation bill presented to it by President Muhammadu Buhari on December 22, 2015.  The budget, the first by the […]

As it morphs from egg, larva, pupa to imago, there comes a time when the butterfly becomes an ugly caterpillar. Call that the pupa stage. A close observer will realise that after a while, the […]

We all now agree that unemployment is a major problem of the Nigerian economy. Creative problem solving affirms that the best way to solve a problem is to assume you are the victim. However, we […]

Since President Muhammadu Buhari came into office, Nigerians have been waiting to get an idea of what his response would be to the current economic meltdown. We have an idea that the government would be […]

We can disregard the latest patriotic posturing of Asiwaji Bola Tinubu, who is berating the Minister of State for Petroleum, Dr. Ibe Kachikwu, for saying he is no magician and that Nigerians ought to appreciate […]

The Minister of Power, Works and Housing, Mr. Babatunde Fashola has disclosed that he has secured the release of about 300,000 electricity meters which belonged to defunct Power Holding Company of Nigeria (PHCN) but were […]

The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture, has started producing more gas from Agbada field in the Eastern Niger Delta in support of government’s aspiration of increasing domestic gas production for […]

•N350bn earmarked to stimulate economy is a good elixir at this point in time After months of palpable meltdown, the economy seems finally set to receive the much-needed shot in the arm as promised by […]

The National Assembly approved the 2016 Appropriation Bill, just a day before proceeding on a recess, on Wednesday March 23. The approval was in fulfillment of the Joint Appropriation Committees’ promise to do the needful […]

I was having a discussion with a friend about the power sector reforms and predictably, we came very quickly to the issue of the tariff review. It took me a very long while to lay […]

“Surprise” was the most popular verb associated by most commentators with the outcome of last week’s meeting of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) — its rate-setting committee. Habituated (in the […]

For every dollar brought into Nigeria this year, more than $2 has been taken out according to a report on foreign portfolio investment (FPI). A year-to-date report on FPI obtained at the weekend, indicated that […]

He didn’t fancy the word “summit”. Similarly, “conference” or “dialogue”did not also seem appropriate to him. And so, he settled for “retreat”, which was a smart way to go to avoid dissent. Smartly also, he […]

The lingering scarcity of foreign exchange and economic slowdown hitting the country have created a glut in the Nigerian property market due to a sharp drop in demand, findings have revealed. Our correspondent gathered that […]

The Federal Government has yet to receive any formal request for fresh bailout from any state government,SUNDAY PUNCH has learnt. Findings by our correspondent from top government officials at the Ministry of Finance on Saturday […]