Economy

Central Bank of Nigeria (CBN) Deputy Governor, Financial Sector Stability, Dr. Okwu Joseph Nnanna, yesterday said that ongoing speculative attack on the naira exchange rate will soon fizzle out. Nnanna expressed optimism that speculators will […]

There is a cacophony of voices asking President Muhammadu Buhari to convoke a summit on the economy presumably to find a solution to the foreign exchange scarcity and the impecunious state of several of the […]

There is urgent need to deregulate the downstream petroleum industry As Nigerians experience yet another round of woes at the petrol stations, the question on the lips of most motorists is whether we would ever […]

REPORTS that the Nigerian National Petroleum Corporation has not been auditing its accounts duly may not come as a surprise to keen followers of the cagey manner the affairs of the national oil company have […]

Nigeria is a country of conundrums. Some of my compatriots are very adept at undermining noble projects and exercises in a bid to gain undue advantage for self-enrichment. Although many people think of it in […]

One of the real reasons why the price of crude oil is falling like lead is that the Chinese economy, the second largest in the world, is getting sluggish in growth. Second, traditional buyers of […]

As I thought of the current economic policy brouhaha since the advent of President Muhammadu Buhari’s administration, the similarity with the leader in my story could not be more striking, seeing that they share the […]

I WAS at the main market in Uyin-Ekiti last Sunday February 27. Uyin is one of the towns in Irepodun Local Government of Ekiti State. That is one local government that has produced at least […]

A lot has been said and written on the 2016 budget currently before the National Assembly.  There is no doubt that this was a budget put together in a hurry. It started seemingly from zero-based […]

It is astonishing how some members of the Nigerian elite find the idea of giving money to the poor revolting. The more charitable ones among them would say it is impracticable or non-sustainable. It is […]

NEITI (Nigeria Extractive Industries Transparency Initiative) is the body in Nigeria with the statutory mandate to ensure transparency in the extractive industries. The extractive industries in Nigeria comprises mainly of the petroleum & mining sectors. […]

Nigeria’s solution-driven initiative, “Buy Naija to Grow the Naira” comes in face of our nation’s ailing economy and plummeting global oil prices. CNN World announced that “crude prices have fallen by 75 percent, and Nigeria, […]

Never mind that the naira has been “technically” devalued, the debate on whether or not to throw the currency to the market hounds is getting more interesting by the day. I just finished reading an […]

In this first of a three-part article, my aim is to get President Muhammadu Buhari to re-evaluate his obvious discomfort with the workings of a market economy and change; so that he can effectively lead […]

IF various estimates are to be believed, approximately five million Nigerians come into the workforce annually, yet in the same period, the country struggles to create more than 1.5 million jobs. This is why unemployment […]

The Consumer Advocacy Foundation of Nigeria (CAFON), a non-profit making organization, has threatened to boycott banking services from today, Tuesday, March 1, 2016, owing to perceived arbitrary charges by commercial banks. Consequently, Central Bank of […]

SOME officials of the International Monetary Fund recently consulted with relevant government agencies to assess the economic impact of the crash in oil revenue and the planned responses for addressing the ‘’near-term vulnerabilities’’ and those […]