Economy

A total of 220 influential Nigerians owe the Asset Management Corporation of Nigeria the sum of N1.145tn, documents sighted by our correspondent on Thursday have shown. The 220 are in the first batch of delinquent […]

NATIONAL oil company, the Nigerian National Petroleum Corporation, made known its intention to remain an important player in the downstream sector of the oil and gas industry when it recently announced plans to build more […]

Official statistics released by the DMO in Abuja on Wednesday showed that the country’s total debt rose from N11.24tn as of December 31, 2014 to N12.6tn at the end of 2015. The N1.31tn increase showed […]

President Muhammadu Buhari may have been a let down to many of his former admirers who expected overnight miracles in his change driven campaign that upset the apple cart by making him the first presidential […]

Guinness Nigeria Plc, the country’s second-biggest brewer, said half-year profit fell as an economic slowdown hurt beer consumption. Net income declined 66 percent to 1.2 billion naira ($6 million) in the six months through December, […]

Yahoo on Tuesday said it is cutting 15 percent of its workforce and narrowing its focus as it explores “strategic alternatives” for the future of the faded Internet star. The announcement, coming with the release […]

Depending on where one is standing, what is good in one place may be bad in another and vice versa. This is corroborated by the dictum that one man’s meat is another man’s poison. Different […]

PRESIDENT Muhammadu Buhari, by his anti-corruption crusade is doing what some of us have longed for, for so long. We knew that we were making a lot of money when crude oil peaked at $115 […]

The tail end of 2015 already gave discerning Nigerians a sign that the coming year would be challenging and many citizens expected the introduction of policies that would help ameliorate the difficulties of these austere […]

With nary a prospect of rebound in the price of the liquid gold in the near term, the debate on alternative revenue sources has suddenly acquired a strident and interesting tone. Only last week, my […]

Nigeria’s government is in talks for concessionary loans worth $3.5 billion from the World Bank and African Development Bank to help finance a planned record budget this year, Finance Minister Kemi Adeosun said. While discussions […]

MIXED reactions trailed yesterday’s kick-off of the new Multi-Year Tariff Order (MYTO 2015). Some stakeholders faulted the introduction of such a regime at a time they believe, economic activities were down. Yet, others hailed the […]

The ongoing conflict between stakeholders and the Central Bank of Nigeria over the export repatriation policy, which came into force in February 2015, has forced some non-oil exporters to abandon the sector, while others have […]

This column has consistently maintained that the root cause of our economic paradox of increasing income, with unbridled rate of unemployment, and deepening poverty will be found in the conscious but incorrect adoption of a […]

We are living in interesting but difficult times in Nigeria. Opportunities for reframing and re-designing the agenda for development and democracy have been presented in the nature of a fiscal crisis with the crash in […]

In this column we raised the access to foreign exchange issue. There   has been several informed reactions to the issue. Here is one of    such reactions. Whereas the Nigerian monetary authorities fixed the official exchange […]