The Managing Director of Capital Oil and Gas, Ifeanyi Ubah, on Thursday, said that government officials saddled with fiscal responsibilities should have resigned their appointments amid the current foreign exchange crisis facing the nation.
The popular but highly criticised book written by Walter Rodney and entitled How Europe Underdeveloped Africa takes the view that Africa was deliberately exploited and underdeveloped by European colonial regimes. Rodney argues that a combination […]
And no, there is no country that corners its local market before going international. So the idea of producing for the local market first before heading abroad is moot. The largest firms, from KIA to […]
From all indications worldwide, the era of the petroleum boom is over. The era started in the opening years of the last century, the years of the great discoveries that have shaped the modern world […]
I do not seem to know what the labour unions, which marched out recently against the electricity tariff increase ordered by the Nigeria Electricity Regulatory Commission (NERC) are up to next. Reports had it that […]
THE Naira, Nigeria’s national currency, has been very much in the news in the last couple of weeks. The naira is seriously ill and the prognosis from the ‘experts’, many of them full of bile […]
Dear Sir, I listened to you and the “Freshly Pressed” team this morning, on your position regarding the President’s stance on the exchange rate. While I appreciate your position(s), I would like to say that […]
LAGOS — The International Monetary Fund, IMF, yesterday, said it was supportive of the Federal Government’s ongoing efforts at promoting targeted and core infrastructure in power, integrated transport network, housing; reduce business environment costs through […]
Leaders of Nigeria and the Kingdom of Saudi Arabia have expressed commitment to a “stable oil market” and a “rebound of oil price.” At a bilateral meeting between Nigeria and Saudi Arabia in Riyadh hosted […]
The Naira Tuesday appreciated further to N345 per dollar in the parallel market. Meanwhile bureaux de change BDC) operators have voiced their support for the federal government’s position against further devaluation of the naira kicked […]
President Muhammadu Buhari is in Saudi Arabia this week to hold talks with King Salman Bin Abdulaziz Al Saud and senior officials of the kingdom on ways to stabilise crude oil prices, according to a […]
There is a saying in Lagos, or a prayer, or perhaps the city’s version of God bless America. Èkó ò ní bàjé – “may the city not spoil”. One might wonder, upon hearing this saying, […]
The naira firmed sharply to N375 on the parallel market on Monday after importers started to reduce demand for dollars following the president’s defiance over devaluing the currency, hit hard by the fall in global […]
Our nation is currently submerged in a currency crisis. The value of our national currency is tumbling against the dollar on a daily basis, and our foreign exchange reserves continue to dwindle as a result […]
Due to the dwindling economy, the Federal Government of Nigeria, the National Assembly, and many well-meaning Nigerians have suddenly come to a moment of self realization. We have reached that point in our lives where […]
South Africa’s grain-milling body is opposing a request by the nation’s biggest corn-farmers’ lobby to review a tariff on imports of the country’s staple food as this will lead to higher prices that will burden […]
The 2016 Appropriation Bill has probably generated wider public interest and debate than any other annual budget in recent time. The projected spending of over N6 trillion is by far the highest ever, but we […]
As a country, we have wasted many opportunities of dialogue, reasoning and acting in accordance with the dictates of empirical evidence. We had sufficient oil rents, which encouraged the muddle through approach to policy and […]
A pledge by the Minister of Solid Minerals Development, Kayode Fayemi, to hand over the Ajaokuta Steel Complex in Kogi State to private operators this year, in order to jump-start mining and industrialization, is cheering. […]
LAGOS— Despite current drop in power generation and supply, the directive by the Senate to suspend the new 45 per cent tariff hike remains invalid, as the Nigerian Electricity Regulatory Commission, NERC, said it lacked […]
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