Economy

Dangote Group, Nigeria’s largest company, is struggling with a constricted supply of foreign-exchange in the West African country and is relying on its international cement operations and export-credit agencies to get around the shortage. “The […]

Nigeria is currently saving N647.2 million daily from the suspension of subsidy on Premium Motor Spirit, also known as petrol. At the current price of N86.50 per litre in petrol stations across the country, the […]

A bad workman, the English say, always quarrels with his tools. So has it been with Nigerians since their first and most thoroughgoing 1960 Constitution, which was amended in 1963 to remove the British Queen […]

TODAY, most developing countries suffering from high unemployment or aspiring to achieve a policy of export-led growth are advised by the International Monetary Fund (IMF) to resort to devaluation. IMF feels that a lower value for the domestic currency will increase the price for imports and at the same time making exports cheaper. This ultimately […]

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said the Federal Government is concluding plans to complete the reconstruction of the Lagos-Ibadan Expressway and the Murtala Muhammed International Airport Road, Lagos, within […]

So soon after we are supposed to have been done with the riddle of how a budget presented in the full view of a global audience of allegedly took a walk from the chambers of […]

Whether on TV or radio, newspapers or magazines, websites or blogs, or even on Facebook and Twitter, different reactions continue to trail the current forex challenge in the country and the announcement by the CBN […]

I sympathise with Nigerian football referees. Why? Because they have to use some foreign coins for a toss before the game starts since there are hardly any Nigerian coins in circulation. The coins disappeared a […]

As she walks along a dirt road in central Malawi, Louise Abale carries her precious maize wrapped in a brightly coloured cloth and balanced on her head. Because of drought in Malawi and across southern […]

CESSPIT of corruption. Opaque revenue profile. Huge running costs. Non-remittance of revenues to Federation Account. Those are just a few of the negative impressions that the mere mention of NNPC evokes in the minds of […]

It remains a chicken and egg dialogue whether we should increase transparency and accountability before expanding the tax net. But the two can go on simultaneously. At the recent Ibadan School of Government and Public […]

President Muhammadu Buhari proposes to spend over N6n in the 2016 Appropriation Bill, even though government “reasonably” expects to earn about N3.8tn as revenue. Consequently, according to the budget proposals, N984bn will be borrowed from […]

Amidst harsh economic environment confronting the present administration, the National Bureau of Statistics, NBS, a key agency of the Federal Government in charge of economic research and development, has given a glimpse of what the […]

The Federal Inland Revenue Service is to engage the services of at least four major audit firms to carry out tax assessment of banks, multinational companies and other corporate tax payers. Findings by SUNDAY PUNCH […]

The Federal Government has sold N242.38bn ($1.22bn) worth of three months to one year Treasury bills at higher yields than in its previous auction, the Central Bank of Nigeria has said. The CBN raised N50bn […]

NIGER Delta militants are flexing their muscles again. A fortnight ago, they bombed oil and gas pipelines belonging to the Nigerian National Petroleum Corporation and the Nigerian Gas Company in Escravos, Delta State. Tension is […]

No fewer than 23,306 names are to be deleted from the Federal Government’s payroll. A team probing multiple salary payments recommended 23,306 civil servants and some banks for thorough investigations.

ABUJA— THE Presidency,  yesterday, raised alarm that Nigerians would starve to death by 2050 if nothing was done to ensure an all year round farming. It also said with the rate the country was going, […]