Economy

The Nigeria Labour Congress on Sunday stated that the new petrol template, released by the Petroleum Products Pricing Regulatory Agency on Saturday, was not transparently done. The General Secretary of NLC, Dr. Peter Ozo-Eson, told […]

The All Progressives Congress’ mantra of positive change in governance notwithstanding, the Medium Term Expenditure Framework 2016-2018, on which the 2016 Budget is predicated, unfortunately, reached the National Assembly on December 8, 2015 rather than […]

The Presidency on Sunday explained that the social intervention programmes of the Muhammadu Buhari administration, for which about half a trillion naira has been proposed in the 2016 budget, would not be a one-off scheme. […]

POVERTY is a messy problem. Dealing with it is a despairing problem. And it remains the most universal challenge the world has ever known. Rich nations battle it; poor nations throw pebbles at it. Ironically, […]

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, recently disclosed that there is the possibility of the selling price of petrol coming down to N85 from the present N87per litre in the New […]

It is a brand new year. There is a feeling of cautious even wary optimism abroad. At least in one significant respect, Nigerians have a bragging right and the license to beat their chest in […]

A former Minister of Petroleum and Energy and ex-Minister of Mines, Power and Steel, Prof. Tam David-West, has said Nigeria’s inability to refine its crude oil locally is due to sharp practices by government officials […]

The essence of the restriction could not have been to squeeze the small businesses and bit players, but that is what is playing out. They are not the ones responsible for the mess we are […]

ABUJA — PRESIDENT Muhammadu Buhari has assented to the 2015 Supplementary Appropriation Act, just as he extended the 2015 financial year to March 31, 2016 The implication of the extension is that the 2015 budget […]

That fuel subsidy is not the problem and inevitably necessary is never in doubt. What made fuel subsidy seem unwanted as it is being advocated by the same cabal and politicians whose partnership sabotage and […]

Lagos—The Lagos State House of Assembly yesterday passed into law the N662.588 billion Year 2016 Appropriation Bill presented by the State Governor, Mr. Akinwunmi Ambode on December 17, 2015. The Appropriation Bill, tagged “The Peoples […]

LAGOS (Reuters) – Nigeria’s benchmark stock index rose more than 3 percent on Thursday to its highest level in more than a month as some corporate investors moved to balance their portfolios ahead of the […]

LAGOS (Reuters) – Nigeria’s foreign exchange reserves declined by 15.61 percent year-on-year to $29.13 billion by Dec. 29, from $34.52 billion a year ago, data from the central bank showed on Thursday.

Last week, on Tuesday, December 22, President Muhammadu Buhari presented his government’s budget estimates and proposals for FY 2016 to the National Assembly. In view of the falling revenues from oil and non-oil sources this […]

HIGHLIGHTS of the 2016 Appropriations estimates as presented to the joint-session of the National Assembly by President Muhammadu Buhari on December 22, 2015 provided merely a fraction of the facts and figures concerned Nigerians had […]

Nigerian President Muhammadu Buhari asked lawmakers to approve the country’s biggest ever budget on Tuesday as he looks to revive an economy hit by collapsing oil prices. Buhari outlined plans for the government to spend […]

Nigerian authorities have seen documents suggesting the proceeds from past crude oil sales were diverted to personal accounts rather than reaching government coffers, President Muhammadu Buhari said in a wide-ranging interview on Wednesday. Africa’s biggest […]

Aminu Abudulkadir, a currency speculator, was preparing for the Suri (2’oclock) prayer when he got a text message that made him richer. His business partner, Abubakar Idirs, had on December 18, informed him that the […]

Luddites, those enraged at the introduction of technology to the work place, and the very, very spiritual, think the Bank Verification Number introduced by the Central Bank of Nigeria through the Nigerian Inter-Bank Settlement Scheme, […]