The restriction placed by the CBN on 41 items’ access to foreign exchange and Bureaux De Change has generated so much heat that some highly placed Nigerians and foreign investors are calling for drastic action […]
When something goes awry with a project or a policy in a public or corporate sector organisation, it is always the case that, to save face, something or somebody must be blamed. That explains why […]
MUCH of Nigeria’s oil wealth is lost to illegal bunkering. It is an entrenched business because the authorities have been treating the phenomenon with kid gloves. With the downturn in the oil sector, however, following […]
Brexiters play down the difficulties of renegotiating trade and other deals, but the process of withdrawal could take years. For the first half century of its existence, joining the club of nations that became the […]
President Muhammadu Buhari, yesterday, in Doha, Qatar, told member states of Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC members that the continued crashing of oil prices was no longer acceptable. He, as a matter […]
The Nigerian government has removed nearly 24,000 workers from its payroll after an audit revealed they did not exist, the Finance Ministry has said. The move has enabled a monthly saving of around $11,5m (£8m). […]
Liberty Holdings Ltd., the insurer controlled by Standard Bank Group Ltd., said it wants to expand further in Nigeria as profit from its operations across the continent rises, outstripping sluggish growth in South Africa, where […]
Baron von Clausewitz, the great German military historian and philosopher of war, had noted that war was the continuation of politics by other means. Had he lived in our brave new world of modern technology […]
Following the disclosure that demand for foreign exchange to pay tuition fees constitutes a huge chunk of forex demand on Deposit Money Banks, Olaseni Durojaiye takes a look at the issues Besides the decision to […]
If Nigerians heed the call by the Consumer Advocacy Foundation of Nigeria (CAFON) and Coalition of Nigerian Consumer Protection Associations, banks across the country, on Tuesday, March 1, will be empty. CBN Governor, Mr Godwin […]
Bothered by Nigeria’s current economic crises, former Presidential Candidate of the African Democratic Congress (ADC) and co-founder of the Pan-African University, Prof Pat Utomi, yesterday, decried that the nation was currently failing to learn from its […]
The Vice President, Prof. Yomi Osinbajo, on Saturday reaffirmed the position of the Federal Government that the country’s currency will not be devalued in spite of pressures to act otherwise. But a former Governor of […]
The Vice President, Yemi Osinbajo, on Saturday reaffirmed the position of the Federal Government that the country’s currency would not be devalued in spite of pressures to act otherwise. But the former Central Bank of […]
Ashburton Investments, the money-managing unit of Africa’s biggest bank by value, said Nigerian curbs on foreign exchange trading are limiting its ability to increase its holdings of stocks in the West African nation. “The foreign-currency […]
If there is a medal for the most shambolic document of the year, the 2016 budget easily qualifies for it. It remains the clearest evidence yet of the incompetence of the people this government has […]
The naira is firming up not because Ubah said so or because he appeared on two TV programmes during the week. It was simply because contrary to expectations that Buhari would finally yield to the […]
THE House of Representatives Appropriations Committee, yesterday, revealed plans to hold budget session with Kemi Adeosun, Minister of Finance and Udoma Udo Udoma, Minister of Budget and Planning on the 2016 budget proposal to explain […]
As the Nigerian economy continues to reel from low oil prices and its attendant consequences, presidency sources confirmed yesterday that President Muhammadu Buhari is set to convene a major national economic conference next month. One […]
Citigroup Inc. said deals in Nigeria, Africa’s biggest oil producer, have plummeted because investors are too scared to spend money when it’s expected that the naira will have to be devalued. “I see this as […]
President Muhammadu Buhari on Thursday welcomed an offer by the Islamic Development Bank to organise a financing round-table in Abuja to mobilise more funds for investment and development of infrastructure in Nigeria. According to a […]
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