Economy

Nigeria’s national carrier Globacom, has consolidated its leadership in the provision of high quality data services in the country. The latest figures released by the Nigerian Communications Commission (NCC) reconfirmed its lead in new internet […]

Saudi Arabia said its accord with Russia to cap oil production was “the beginning of a process,” but the path from a freeze to the output cuts needed to eliminate a global surplus is far […]

Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their lost market share due to sanctions and war. The biggest oil producer […]

Worried by his country’s dwindling fortunes amidst the low price of crude, Nigeria’s Muhammadu Buhari is set to meet his Saudi and Qatari counterparts. President Buhari will begin a week-long official visit to Saudi Arabia […]

President Muhammadu Buhari has again ruled out the possibility of devaluing the naira. While the official rate is between N197-N199, the black market is closing in on N400, forcing many analysts to push for an […]

Almost everyone is talking about the economy. In beer parlours, motor parks and conference halls, the conversation centres on the prospects of living without government handouts that are disappearing very fast. The reports I receive […]

Muhammadu Buhari has reiterated that his position not to approve further devaluation of the Naira  President stands. Buhari said that Nigeria, which is not an exporting nation, would be worst hit if the Naira was […]

Without a doubt, the federal government’s decision to pay legacy debts totalling N213 billion in 2014 as part of the process of boosting gas supply to Nigeria’s power sector is indeed a big step in […]

The Federal Government, through the Minister of Finance, Mrs. Kemi Adeosun, summoned the managing director of a first generation bank to Abuja on Friday in connection with the alleged salary fraud in the civil service. […]

Due to the scarcity of dollars in the circulation, banks have surprisingly started to encourage their clients to patronise black marketeers. Findings carried out by Saturday PUNCH confirmed this. One of our correspondents who visited […]

As dollar scarcity worsens in Nigeria, parents who have children schooling abroad have taken their frustrations to banks, with some of them weeping openly, as Saturday PUNCH observed. Investigations by our correspondents revealed that the […]

…may we remind the Apostles of Devaluation that contrary to what the textbooks say, in reality devaluation only works as a boost for countries with advanced value-added exports (like China) with a strong foot in […]

For over a week after the news of its many errors broke, I deliberately stopped perusing any published news or listening to broadcasts that touched on Nigeria’s 2016 Budget. The few news headlines I saw […]

Lagos State Governor, Mr. Akinwunmi Ambode, on Thursdayrestated his administration’s commitment in ensuring that the Blue Line of the light rail project is up and running by December this year. Ambode, who spoke at the […]

Uber Technologies Inc is burning through more than a billion dollars a year in China as it wages a fierce price war against local rival Didi Kuaidi, its chief executive said. The company’s Chinese business […]

Apparently worried by the continuous decline in the nation’s economy, Nobel laureate, Prof. Wole Soyinka, yesterday, called on President Muhammadu Buhari to convene an emergency economic conference for experts to brainstorm on the way forward […]

  Taiwo Ebenezer, the southwest chairman of Bureau de Change (BDC) operators is afraid that the naira could fall to 400 against the green back unless something is the currency’s free fall. According to Ebenezer, […]

The drama over the 2016 budget seems unending. As one act ends, another opens, making Nigerians wonder whether the government really worked on the appropriation bill before sending it to the National Assembly. It was […]