Economy

The Peoples Democratic Party (PDP) has said that the N6.08 trillion budget proposal for 2016 by the Federal Government, may throw the country into severe economic recession, like in the case of Greece. The party […]

Central Bank of Nigeria (CBN) may devalue the naira further if it is found to be in the nation’s interest, saying hard choices would be made next year. The Director, Monetary Policy Department, Mr. Moses […]

The 2016 budget of the Federal Government which President Muhammadu Buhari unveiled before the National Assembly last week differs in two respects, I think, from other budgets in the last ten years. The first one […]

THE 48 pages of Karl Marx remain the shortest and most powerful economic treatise ever written. That Marx failed to grasp the fundamental cunning of capitalism is not his fault – coming from a German […]

LAGOS — Contrary to the projections of the World Bank that pegged the Gross Domestic Product growth rate at 3.7 per cent, the Federal Government economic agenda as contained in the 2016 budget breakdown insisted […]

In March 2015, the News Agency of Nigeria(NAN) published a report, which was also syndicated in several Newspapers, that the All Progressives Congress Presidential candidate, Gen. Muhammed Buhari had promised “to ensure that the Naira […]

Ever since the Nigerian currency, the naira entered into a tail-spin, performing woefully against other currencies, there has been an outpouring of concern by disillusioned citizens. Perhaps because of the high prevalence of poison in […]

It is now very clear to most people in Nigeria, and even the international community after sixteen years of democratic clowning, that Nigeria’s public sector and governance instruments can really work to ensure law and […]

Minister of State for Petroleum Dr. Emmanuel Ibe-Kachukwu yesterday made some clarifications about the Petroleum Subsidy Fund (PSF), otherwise known as petrol subsidy. He said that there was no subsidy in the price  of the […]

The House of Representatives said on Sunday that the 2016 budget would require “thorough overhauling” by the National Assembly to bring it in tune with current economic realities. It said it was unlikely that the […]

The Minister of Solid Minerals and a former Governor of Ekiti State, Dr. Kayode Fayemi, has said the N6.08tn 2016 budget proposed by President Muhammadu Buhari is realisable. The minister also said the budget was […]

The Federal Government is currently not subsidising premium motor spirit, otherwise known as petrol, the Minister of Petroleum Resources, Dr. Ibe Kachikwu, has said. According to Kachikwu, the development was due to the current market […]

ABUJA — The Nigerian National Petroleum Corporation, NNPC, yesterday, said the country will still rely on 75 per cent importation of fuel throughout the whole of next year. Group Managing Director NNPC and Minister of […]

The Federal Government will develop about 13,000 megawatts (13 gigawatts) of off-grid electricity from solar energy, the Minister of Environment, Hajiya Amina Mohammed has disclosed. The minister, yesterday, said the Federal Government was working on […]

An e-commerce platform designed to connect Nigeria to the West world via e-commerce and to showcase its potentials will soon be launched in the country by WesternMall. WesternMall is an e-commerce platform designed to create […]

President Muhammadu Buhari on getting to the National Assembly where he addressed a joint sitting apologized to the nation for the nauseating fuel scarcity in the country putting the blame on the doorstep of market […]

There appeared to be a significant respite for Naira as it strengthened against the US Dollar in the unofficial currency market  a day to the public holidays after suffering severe depreciation daily for three consecutive […]

President Muhammadu Buhari presented a budget proposal of N6.08 trillion to a joint session of the national assembly on Tuesday, insisting on the oil benchmark of $38 per barrel. The price is above the $30.74 […]

If we don’t borrow to invest in reducing our huge infrastructure deficit to expand and upgrade it, especially in such presence of oil revenue and tax revenue along with our low savings-investment rates, are we […]