Economy

Nigeria might be the richest economy in Africa but that does not impress hard-nosed investors who buy and sell shares at the local stock exchange. The West African financial market had another losing day today, […]

Nigeria’s central bank has announced it is stopping the direct sale of US dollars to bureaux de change to protect the West African nation’s naira currency, and conserve depleted foreign reserves. “Operators in this segment of the market would […]

The Central Bank of Nigeria (CBN) has given assurance to Dangote Group that it will support it access Foreign Exchange, Forex to build its proposed $14 billion refinery in the country. The tour of the […]

Last Christmas, after discussing the state of our nation, my little cousin exclaimed: “in fact, why don’t we stop everything for this year and just concentrate on building three brand new refineries…These refineries will even […]

Five years after her first visit to Nigeria, the managing director of the International Monetary Fund, Christine Lagarde, last week paid a visit to the country meeting with the presidency, lawmakers as well as policy […]

THE news has been awash of the visit of the Managing Director of the International Monetary Fund, Christine Lagarde to Nigeria on a working visit to Africa. It’s is no secret that our mono economy […]

PRONOUNCEMENTS by President Muhammadu Buhari and his ministers clearly suggest the lack of a definite policy direction on the critical issue of privatisation. While some have been speaking of concessions, public-private sector deals and “commercialisation,” […]

Maybe, the International Monetary Fund can help us fast-track the identification and repatriation of our stolen funds hidden overseas. Since the credit power has moved from Wall Street banks to now Chinese government-controlled banks, the […]

Japan based electronics giant, Panasonic has established an assembly plant in Lagos to complement its manufacturing plant in India. In a statement, Shinichi Wakita, Managing Director of Panasonic, Middle East and Africa, said the company […]

Chairman of the Nigeria Shipowners Association, NISA, Capt. Niyi Labinjo,  has said that the country is losing N80 billion daily to petroleum products smuggled into the country. The NISA boss noted that the Nigerian National […]

Lagos—Traders from the demolished Owonifari electronic Market, Oshodi yesterday rejected the Lagos State Government’s plans to relocate them to Oshodi Resettlement Market (former Isopakodowo market), citing structural instability and several spiritual activities associated with the […]

IN the event there still is a shred of doubt, in any quarter, as regards the extent of damage dwindling price of crude oil has done to our economy, the fine details of the N6.1 […]

Nigerian authorities should consider raising value-added taxes and removing fuel subsidies to boost revenue and compensate for a plunge in oil prices, International Monetary Fund Managing Director Christine Lagarde said. “Hard decisions will need to […]

When you analyse a budget assumed to have been painstakingly drawn up by compatriots, you risk being regarded as wilfully attempting to knock down someone else’s sandcastle. Anyway, howbeit might be said, President Muhammadu Buhari’s […]

THE Central Bank of Nigeria, is, obviously losing the battle to arrest inflation and the unyielding slide in the Naira’s exchange rate. With inflation consistently closer to 10 per cent, all static incomes have lost […]

Every nation has what I like to call the “guardians of the flame”. These are the institutions that give backbone to statehood because they are the instruments through which a nation-state assures its sovereignty, security, […]