lekansote@yahoo.com 08050220816 At the risk of sounding nauseatingly repetitive, it is necessary to remind President Muhammadu Buhari that he needs a Council of Economic Advisers to help his government think through, and formulate, appropriate responses […]
President Muhammadu Buhari has continued to push for the patronisation of locally made products saying it would boost the creation of jobs in the country, asserting that his administration will not allow Nigeria to export […]
Recent reports that the Republic of Benin may have been engaging in certain international trade practices that are harmful to the Nigerian economy particularly as it has to do with palm oil import and export […]
The United Nations Development Programme (UNDP) says slightly over 98 million Nigerians are living in multidimensional poverty. Multidimensional poverty is the measure of lack which encompasses the various deprivations experienced by poor people in their […]
The total revenue received by the Lagos state government in 2018 was higher than what was received by the entire south-east region. The south-east region consists of five states namely: Abia, Anambra, Ebonyi, Enugu and […]
The management of Ecobank Nigeria has denied claims that it disengaged a large number of its staff. In a statement released on Wednesday, the bank said the people affected were contract staff adding that it […]
Two measures rolled out in quick succession by the Central Bank of Nigeria could give impetus to the financial system and boost the flagging economy. A plan to compel a sweeping recapitalisation announced by the […]
…whereas it mattered that the Central Bank governor did not wait to coordinate his fiscal policy direction with the finance minister, the danger that his depiction of the CBN’s monetary policy trajectory is ex parte, […]
Bitcoin surged to a near 16-month high above $11,000 Monday, overshadowing showings across stock, foreign exchange and commodity markets, with investors looking ahead to the week’s G20 summit. Bitcoin reached $11,251.21, surpassing $10,000 for the […]
The Manufacturers Association of Nigeria told President Muhammadu Buhari on Wednesday that the country’s economy remained “fragile”, much as it appreciated his commitment to perform better in his second term in office. “It is clear […]
Last week, the expression; “The exchange rate of the naira is market-determined” was momentarily displayed in the section of the Central Bank of Nigeria (CBN) website where it used to publish the exchange rate of […]
As Godwin Emefiele begins his record second tenure as chief executive of Central Bank of Nigeria, it may be necessary to look beyond the haze and see how the apex bank under his watch has […]
Fitch, a global credit rating agency, says Nigeria’s medium-term growth outlook will be slowed down by “acute” supply shortages in the power sector and security challenges. Presently, the country generates about 7000 megawatts (MW) of […]
In a few days’ time, Osun will be organising an Economic and Investment Summit to“redirect and recommend strategies which will drive meaningful youth employment, enhance food security, agricultural development, activate mining prospects and boost tourism […]
Bismarck Rewane, an economist and the managing director of Financial Derivatives, says the Nigerian economy will not fall back into recession. Rewane gave the assurance at the USA Fair 2019 on Tuesday in Lagos while […]
The growth of the oil economy declined to -2.40%, latest gross domestic product (GDP) released by the National Bureau of Statistics has shown. This is a difference of – 0.78 percentage points from the -1.62% […]
Viewed in isolation, statistics on the Nigerian economy paint a bleak picture. Having emerged from the 2017 recession, Nigeria is growing at an anemic 1.5 to 1.9 percent per year—against population growth of 2.6 percent. […]
Although Nigeria is not an oil-rich country, oil plays a key role in determining the size of her public revenue and the quantum of her export revenue. Besides, the focus of Nigeria’s politics is fundamentally […]
Ibukun Awosika, the chairman of First Bank of Nigeria, says Nigeria can build a policy around migration, and export experts to get adequate remittances in foreign exchange. Speaking at The Platform, held on Wednesday at […]
As to be expected, the current economic meltdown has created a lot of people who grapple with the menace of the credit crunch – not only have they lost their jobs, the prospect of finding […]
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