Rice consumption in Nigeria has been rising steadily — about 5.6 million metric tons in 2011 and 6.9 million tons presently — but market, production and policy limitations mean domestic production often fails to meet […]
When he gave the open directive to the Central Bank of Nigeria (CBN) not to “give a cent to anybody to import food into the country,” President Muhammadu Buhari thereby served notice of discontinuing that […]
Adetunji Oredipe, a senior agriculture economist with the World Bank, says Nigeria’s position as one of the largest food importers in the world has put the economy in a dangerous position. Speaking on Thursday at […]
Students in many parts of the world are heading back to school at this time of year for a new semester. Just like them, it is also time for trade hawks in Washington to start […]
…as much as we know the issues around Fowler’s leadership of FIRS, we disagree with Kyari; Fowler is not to blame for the drastic drop in collections. If we must blame anyone, we should blame […]
…as much as we know the issues around Fowler’s leadership of FIRS, we disagree with Kyari; Fowler is not to blame for the drastic drop in collections. If we must blame anyone, we should blame […]
An economic transition is taking place boldly on a global basis and tragically not many are aware of this process. Modes of production have been largely shaped by the development and transformation of productive forces […]
According to Trading Economics, imports to Nigeria surged 48% year-on-year to N943.6bn in December 2018, mainly driven by purchases of manufactured goods that took the chunk of 88.3% and raw materials, a meagre 12.5%. The […]
The Nigeria Customs Service has ordered a closure of borders around the north-central states. This became effective through a letter signed by MA Dahiru, an assistant comptroller-general of customs in charge of enforcement, and addressed […]
ECONOMIC activities were at the lowest ebb on Monday at the Seme-Krake border. The Nigeria Customs Service (NCS) scanner section at the border post remained closed, while petrol attendants at the ConOil filling station had […]
British Airways has apologised after an “email error” meant some passengers were wrongly told their flights were cancelled following the announcement that pilots would strike for three days next month. Weddings, honeymoons and holidays of […]
Accounts belonging to Obasanjo Farms, Iyiola Omisore and Obasanjo Farms are some of the accounts that have been placed under lien for owing taxes. In a list published on Monday, the Federal Inland Service (FIRS) […]
Garba Shehu, senior special assistant to President Muhammadu Buhari on media and publicity, says his principal has not banned food imports into Nigeria. A week ago, Buhari had directed the Central Bank of Nigeria (CBN) […]
The chief executive of Federal Inland Revenue Service, FIRS, Tunde Fowler, has replied the query issued him by the presidency. While Mr Fowler agreed that actual tax collection since the beginning of President Muhammadu Buhari’s administration […]
A recent British court ruling affirming that Nigeria owes and should pay a foreign firm $9 billion (about N3.2 billion) could affect Nigeria’s monetary policy, the Central Bank governor, Godwin Emefiele, said on Monday. Mr […]
The stage is getting bigger for the Tony Elumelu Foundation Entrepreneurship Forum; and so are the multiplicity of roles it is inadvertently assuming, and rising expectations. Having five African Presidents, over 60 global speakers from […]
President Muhammadu Buhari has on Tuesday directed the Central Bank of Nigeria (CBN) not to give money to anybody for food importation. He noted that the country has sufficient food, enough for its citizens. “Don’t […]
As Nigerian President Muhammadu Buhari announces his new Cabinet, his post-election pronouncements have made it clear that a core priority of his new government will be to pep up the Nigerian economy. Unfortunately, the President’s […]
It is now almost three years since Isaac Ayoola concluded his National Youth Service Corps (NYSC) programme but with no job in the formal sector yet. His dream has always been to work in the […]
The oil resource curse has been Nigeria’s bane. This reality is well known. Yet no discernible effort is being made to transcend the pitfall, even as Nigeria’s political leaders, business elites and experts continue to […]
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