Economy

The Senate President, Dr. Bukola Saraki, wednesday made real his campaign that Nigerians should patronise made-in-Nigeria goods as he adorned himself with made-in-Aba attire wednesday. During the recent Made in Aba Trade Fair in Abuja, […]

The Federal Government is working towards generating 4,000 megawatts of electricity from nuclear energy. The plan is to start a programme in the coming years that will give the country 1,000MW in the first instance, […]

The Nigerian National Petroleum Corporation, NNPC, yesterday, described as erroneous claims by the Auditor-General of the Federation (AuGF) that it failed to remit N3.235 trillion to the Federation Account for the period ended December 31, […]

The revelation by Nigeria’s auditor general that $16bn (£11bn) of oil revenue went missing in 2014 has emphasised the scale of the task facing President Muhammadu Buhari in his efforts to clean up the oil […]

Uganda’s leader expressed concern that Donald Trump could limit African imports if he’s elected U.S. president, potentially harming the continent’s economies, New Vision reported. “The U.S. could limit our exports there, especially under Mr. Trump, […]

Nigeria and Equatorial Guinea signed an agreement to establish combined patrols to bolster security in the Gulf of Guinea, which has been plagued by piracy in the last few years, a spokesman for Nigeria’s president […]

The current decline in global crude oil prices is a wake-up call for Nigerian states to rise to the realities of looking inwards to survive through the difficult times. Most states of the federation apparently […]

By Emeka Anaeto, Babajide Komolafe, Abdulsalam Muhammad, Luka Binniyat, Anayo Okoli & Francis Igata LAGOS — Inflationary pressure in Nigeria’s economy has hit a double digit, upstaging major monetary policies of the Central Bank of […]

PERENNIAL scarcity of products and the shortfall in the needed foreign exchange for sustained imports in sufficient quantities have combined to present Nigeria with a compelling reason to review her policy of importing refined petroleum […]

International Oil Companies, IOCs, and energy experts, yesterday, stated that freezing the supply of crude oil alone would not likely lead to a rebound in the price of the commodity, stating that other factors needed to […]

Dangote Group, owned by Africa’s richest man Aliko Dangote, opened a tomato-processing factory near Nigeria’s northern city of Kano aimed at vying for the local market with imports from China. “We have fully started operations […]

The Securities and Exchange Commission (SEC) has initiated moves to position Nigeria for a big role in the emerging global market for Islamic or non- interest finance valued at over $2 trillion. Director General of […]

The Federal Government says it has uncovered discrepancies of about N3.3tn in the remittance of funds by various Ministries, Departments and Agencies of government as well as foreign missions in the 2014 fiscal year. This […]

Ogubunka said rising complaints by users of ATMs who were charged N65 even when they did not use other banks’ ATMs beyond three times should justify ongoing concerns about the fees’ implementation. To him, banks […]

About 600 jobs to be cut at FirstRand’s FNB, union says Forty branches will close and 31 will reduce staff, Sasbo says FirstRand Ltd. plans to close branches and cut jobs at its South African […]

As I’m talking to you, $20bn is in various domiciliary accounts of individuals. Naira is our currency, why are they keeping the foreign currency? From my experience in international finance, I have never seen a […]

In this column  in August last year, I had cause to ask how far  President Buhari can go in managing a tough economy. There has been growing concerns about this government’s handling of the economy. […]

I have not had electricity in a while. This trivial point had escaped my notice because—like some Nigerians—I have created the illusion of uninterrupted power through the combination of a generator, an inverter and the […]

Tax reform systems are primarily aimed at financing public expenditures which are targeted towards meeting specific economic and social needs of people. Many countries have discovered that most propitious time for tax reform is when […]