Economy

Emerging-markets bonds may be experiencing the worst start to a year on record but nowhere is the pain greater than in sub-Saharan Africa. The world’s poorest continent accounts for half of the 20 worst-performing dollar bonds […]

LAGOS — There are indications that the 2016 budget was actually withdrawn for a major amendment as two different versions of the budget are showing different figures and adjustments in expenditure heads. A version indicating […]

LAGOS — The Naira, yesterday, appreciated to N296 per dollar in the parallel market due to expectation that the Central Bank of Nigeria (CBN) will sell autonomous dollar to bureaux de change this week. Vanguard’s […]

Consumer goods giant Unilever has reported a sharp fall in full year profit for 2015, which it said was “a challenging year”. The firm, which makes a vast array of consumer products including Ben & […]

When word came from somewhere in the Senate the other day that the entire 2016 Budget – all N6.08 trillion of it – had gone missing, disappeared, vanished, millions of Nigerians looking up to it […]

Merely by the strength of the forces arrayed against the naira at the moment, it seems a matter of time before the currency is taken to the Golgotha. It’s the morbid season hence the swooning […]

W hen it rains, it pours. The price of crude oil plunged below $30 last week, plumbing to a low last seen in December 2003. On Saturday, the United States and the European Union lifted […]

THE sharp fall in oil prices and low foreign exchange reserves have put the Central Bank’s foreign exchange management under great strain and made hard and tough choices inevitable. The apex bank which gets 90 […]

Nigeria’s inflation rate accelerated to a three-year high in December as food prices rose in Africa’s biggest economy and oil producer. The consumer price index increased by 9.6 percent on an annualized basis, compared with […]

As stock market drops by N331bn Transcorp Hotels Plc, yesterday, listed N10billion corporate bond simultaneously on the Nigerian Stock Exchange (NSE) and FMDQ OTC Securities Exchange Plc to become the first entity to be listed […]

There are indications that the 2016 budget was actually withdrawn for a major amendment as two different versions of the budget are showing different figures and adjustments in expenditure heads. Also the new version has […]

The Central Bank of Nigeria has come under intense scrutiny in the past six months. This is not just because of its controversial restrictions on foreign exchange transactions but also as a result of allegations […]

The PPPRA Executive Secretary, Farouk Ahmed reportedly announced, at a press briefing on December 29th 2015 in Abuja, that a revised template for fuel pricing had been approved by the Agency; the announcement was evidently […]

Last week in this column I said in there was no need to continue the sale of foreign exchange by the Central Bank of Nigeria to Bureau De Change in the country as it was […]

This year’s federal budget is witnessing a lot of inanities and frivolities. The first week of the National Assembly in 2016 was spent on the distraction of first, a “missing budget” and second, two versions […]

The Consumer Price Index (CPI), which measures inflation, rose further to 9.6 per cent in December compared to 9.4 per cent in the previous month, according to the National Bureau of Statistics (NBS). The 0.2 […]

This is an uncertain period for the Nigerian economy due to the continuing fall in the price of crude oil, the nation’s main revenue earner, and projections for the petroleum industry are indeed grim, ’FEMI […]

Nigerian President Muhammadu Buhari has written to parliament requesting the withdrawal of the 2016 budget in order to make changes, sources at the presidency and Senate said on Sunday. Buhari unveiled the budget for Africa’s […]