Economy

We all want freedom, but sometimes when the price is high, we justify servitude. A few western clerics in the slave trade era found portions of the Holy Bible to anoint an economic system that […]

The Federal Government is seeking from the World Bank and the African Development Bank the sum of $3.5bn (N697bn) in emergency loans to fill a growing gap in its budget in the latest sign of […]

A crude oil pipeline in Nigeria’s southern state of Bayelsa operated by the local subsidiary of Italy’s Eni was attacked on Thursday night, a state lawmaker told reporters on Saturday. This is the second major […]

The Osun State Investment Company Limited (OSICOL) has cultivated 1,500 hectares of land for cocoa to boost the state’s internal generated revenue (IGR). Addressing reporters in Osogbo, the state capital, OSICOL’s Managing Director Bola Oyebamiji […]

To many calculating   the figure-bearing headlines emanating from the ongoing probe by the House of Representatives Ad-hoc Committee on Crude Oil Swap and Oil Processing Agreement (OPA), so much economic attacks and sabotage appear […]

A crude oil pipeline in Nigeria’s southern state of Bayelsa operated by the local subsidiary of Italy’s Eni was attacked on Thursday night, a state lawmaker told reporters on Saturday. This is the second major […]

It is usually tough explaining the intricacies of the business and politics of oil to everyday folks. For instance, people outside some major cities still have to buy petrol above the N87 belt announced by […]

In a nutshell, naira devaluation or a flexible exchange rate mechanism that erodes naira currency value is not in the best interest of Nigeria at this point in time. A widely-held axiom is that export-dependent […]

Nigeria’s President Muhammadu Buhari erased any doubt about who is in charge of currency policy in Africa’s biggest economy — to the detriment of the central bank’s independence. Buhari said that he won’t “kill the […]

Consider with me the following three theses: First, infrastructural development is key to economic breakthrough even in an era of dwindling resources. Second, Nigerian governments have not been unmindful of the importance of infrastructural development […]

FOR most Nigerians, the recent four-day visit of the International Monetary Fund (IMF) Managing Director Ms. Christine Lagarde to the country re­mains an economic voyage with somewhat cynical connotations and at the same time with […]

NIGERIAN Export Promotion Council (NEPC) has put in place some plans that will help increase the country’s earnings on non-oil export to $30billion from the $2.7billion it currently stands even as the Council and the […]

President Muhammadu Buhari has said he is yet to be convinced that Nigerians will benefit from an official devaluation of the Naira. He spoke on Wednesday at an interactive meeting with Nigerians living in Nairobi,  Kenya.

Nigeria’s government is set to carry the burden of boosting the economy as the central bank signaled it won’t ease currency controls that are hurting businesses. President Muhammadu Buhari is seeking to compensate for plunging […]

“I am not here (in Nigeria) nor is my team in this country to negotiate a loan with conditionality…”However”, there could be more added flexibility in the monetary policy…” – Christine Lagarde, IMF’s Managing Director. […]

LAGOS, Jan 27 (Reuters) – Nigeria’s bourse plans to buy a price monitoring system from Nasdaq to protect against market manipulation, the stock exchange said on Wednesday, after stocks shed 17 percent in the first […]

Suddenly, the possibility of a more than 20 percent slump in Nigeria’s currency is off the cards, for now at least. Traders on Tuesday lowered their expectations on the size of a naira devaluation as […]

Nigeria’s 2016 federal budget totals approximately $31bn out of which an estimated $10bn will be borrowed within the country and in the international financial market. Crude oil revenues are benchmarked at $38/barrel and the budget […]