Economy

RESULTS of innovative research have changed the world. Their utilisation by industries in advanced economies has promoted better life for citizens. But the story is markedly different in Nigeria, as research output often ends up […]

…we all know that the importance of the Petroleum Industry Bill in an oil-dominated economy such as Nigeria cannot be over-emphasised. Petroleum accounts for more than 95 percent of Nigeria’s foreign earnings! And so any […]

Seek dollar loans to ferry home In a bid to take advantage of the wide gap between the official and parallel markets exchange rates back home, many Nigerians in the diaspora are now rushing to […]

• Operators urged on cost-saving processes With the global oil price slump leading to cancellations of significant projects and delays put at $600 billion, oil and gas industry players have been urged to adopt cost-saving […]

Nigeria, haunted by high unemployment and a sinking oil-dependent economy, is pushing to diversify its economy with a “made in Nigeria” manufacturing campaign. The BBC’s Martin Patience went to the northern city of Kano to […]

The Central Bank of Nigeria (CBN) yesterday said it will sell treasury bills of N1.73 trillion in the second quarter of the year. The apex bank stated this in its Nigeria Treasury Bills Issue programme […]

Worried by the prevailing hash economic situation in the country, the Managing Director of Kuka Consumer Healthcare Limited, an indigenous pharmaceutical company, Chris Ukah, has appealed to Nigerians to support efforts of the President Muhammadu […]

President Buhari has refused to give an inch in his rock-solid determination not to devalue the naira. Unsurprisingly, this has earned him critical opprobrium among professional neoclassical economists and others knowledgeable in the links between […]

Hardball wishes the  President Muhammadu Buhari administration well. The President cannot afford to fail. He must not fail. Nigerians don’t want failure. Nigerians don’t deserve failure. When a leader publicly expresses doubts about the loyalty […]

  “The ship of state is heading inexorably towards the rock and you as the chief helmsman owe it a duty to steer the ship away from it” – Chief Obafemi Awolowo, in an open […]

The controversy as to whether to devalue the naira or not has taken the centre stage in the national discourse.

Nigeria is at crossroads. The current administration came at a historic moment. It took over just as the nation clocked one hundred years of its existence as Nigeria. It is the first time in history […]

Four major international and national organisations have pledged to participate in the The Nation’seconomic forum fixed for April 7th and 8th, 2016, in Lagos. They include the host, Lagos State Government and the United States  –  […]

Senior and junior workers unions’ action to protest the unbundling of the Nigerian National Petroleum Corporation, NNPC, is already taking its toll as power generation  dropped to 1,580.6 megawatts, MW, in the early hours of yesterday. […]

The management of the Nigerian National Petroleum Corp. will meet with union officials after workers protesting the announced split of the state-owned oil company blocked the entrance to the NNPC’s headquarters on Wednesday. The Petroleum […]

Nigeria’s economic growth data confirmed what central bank Governor Godwin Emefiele has been loath to admit: that currency controls are hurting the economy. Growth in Africa’s biggest economy and oil exporter slowed to 2.8 percent last […]

As the Buhari administration grapples with the challenges of economic management there is the urgent need to explode some myths surrounding policymaking. Policies do not serve all class interests equally; that is why there are […]

The Minister of State for Petroleum and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, has unbundled the organisation into five Business and two services components. He has also converted […]

The Lagos State Government yesterday said that its Internally Generated Revenue has hit N24.5bn monthly, even as it said that arrangement has been concluded to set up a special courts to try tax evaders and […]

President Muhammadu Buhari, yesterday, ordered re-negotiation of the N789 billion fine slammed on South African telecoms company, MTN, by Nigeria Communications Commission, NCC. The President gave the order at a joint news conference with South […]