Economy

LAGOS — As the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, meets today and tomorrow to review economic and monetary developments since its last meeting in January, and take some measures, […]

Nigerians’ taste for foreign goods has been the bane of the economy. Many prefer goods and services from abroad to locally produced  ones even when the foreign ones are of lower quality. This has had […]

With the February 2016 inflation figure of 11.4 per cent, the highest in three years, Nigeria’s economy would now be grappling with the misery index, which measures the level of suffering in a society. The […]

Alhaji Aliko Dangote, President/CEO, Dangote Group has hired a Brazilian agricultural expert to replicate in Nigeria the model that Brazil used to transform the country from a net importer of rice in the year 2000 […]

Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to Mr Godwin Emefiele,Governor of the Central Bank of Nigeria (CBN), requesting him to “immediately withdraw hundreds of letters of employment issued following a seriously […]

Seven months after the termination of a concession that granted the redevelopment of Falomo Shopping Complex to Afriland Properties Plc., the Lagos State Government on Sunday threw up the complex for bidding under the public-private […]

Nigerian Export Promotion Council  (NEPC) has announced plans to create about 1.5 million jobs in the next five years via Nigerian Diaspora Export (NDEX) Programme. Director-General, NEPC, Mr. Segun Awolowo, made this known at a stakeholders’ […]

The United Nations Environmental Programme, UNEP, has lamented that the Nigerian government spent about $1 billion on importation of tomato paste. The African Regional Coordinator of UNEP, Dr. Richard Munang, who made the revelation, weekend, […]

President Muhammadu Buhari is expected to give the opening address tomorrow at an economic retreat convened by the National Economic Council. Instead of an elaborate jamboree, the Buhari presidency, perhaps responding to criticisms, has planned […]

THE mutterings of discontent are growing louder in Nigeria’s street markets. The price of a bag of rice has surged by 12.5% in the past month. Supplies of bread have dwindled after bakers turned off […]

PricewaterhouseCoopers (PwC), yesterday, projected that the Nigerian economy could rise through the world rankings to top 10 in 2050 with projected Gross Domestic Product, GDP, of $$6.4 trillion, surpassing Germany, the United Kingdom, France and […]

EVERY corruption case in Nigeria  has an expiry date. This is one clear area where we shall consistently return to His Eminence, the Emir of Kano, Sanusi Lamido Sanusi, who we think can author a […]

There is need for the Buhari administration to unfold a coherent economic agenda The naira, which has been volatile, tumbled further significantly at the parallel market recently, hitting N400 against the dollar as foreign exchange […]

MANY disturbing issues seem to be conspiring against the effectiveness of the Muhammadu Buhari administration. At a time when public finance is in a terrible shape, owing to falling crude oil prices and deepening currency […]

This reset of bilateral cooperation appears to be a reciprocal action for Nigeria’s many decades of support to South Africa, especially during the years of anti-apartheid struggle. With a population of about 53 million people […]

The economy is critical to any society. The welfare of all individuals in any polity is based on the economic performance of that entity. Here, we have a Central Bank that is just experimenting with […]

In addition to its main function of formulating and monitoring the implementing of monetary and fiscal policies, the Central Bank of Nigeria (CBN), under the present Governor, Mr Godwin Emefiele, has expanded its scope to […]