Economy

As the Federal Government prepares the 2016 budget, there are indications that President Muhammadu Buhari is under pressure to remove fuel subsidy. SUNDAY PUNCH, however, learnt that the President would retain the fuel subsidy in […]

AMIDST rising criticisms that Central Bank of Nigeria (CBN’s) policies are anti-people and the economy, the Governor, Godwin Emefiele, said they are bitter pills with long-term benefits. Speaking at the 49th Annual Bankers’ Dinner hosted […]

CONTRARY to the Federal Government’s strongly held belief that it can turn the fortunes of the country’s four ailing refineries around, the hard facts continue to present reasonable grounds to doubt this unfounded optimism. Based […]

Dear President Buhari, I will like to extend an invitation to you for a tour of down town, so that you can have a clear view of what the people who voted you into office […]

GOVERNOR Adams Oshiomhole of Edo State, yesterday, disagreed with other governors of the country on the ability of the states to pay the N18,000 minimum wage, saying they must pay. Recalling that the minimum wage […]

The Managing Director, Bank of Industry, Mr. Rasheed Olaoluwa, says Nigeria should not be having problem with job creation because of the abundance of mineral resources and fertile land in the country. Olaoluwa, who was […]

I gave my commitment to the management of RealNews magazine since late May to deliver this third anniversary lecture, and we agreed that given my tight schedule, I could just speak ex tempore or from […]

CASH-STRAPPED states are to get some funds, with the National Economic Council (NEC) approving the sharing of $150 million from the $400 million Nigeria Liquefied Natural Gas (NLNG) dividend by the Federal Government and the […]

Awka —Fares have gone up on most routes in Anambra State following increase in the price of fuel from the normal N87 per litre to about N200 in most filling stations. Added to the ordeal […]

It appears the Buhari APC federal government intends to do something, no matter how little, to provide some financial relief for some 25 million people considered to be the poorest of the poor in our […]

The Lagos State Government has defended the N225bn it raised through the bond market, saying it is to meet the infrastructural needs of the state.The Commissioner for Finance, Dr. Mustapha Akinkunmi, made the statement on […]

The Minister of Budget and Planning, Senator Udoma Udo-Udoma said yesterday that the Federal Government’s plan for zero-based budgeting from next year would block all financial leakages and bring accountability into government spending. Udo-Udoma said […]

THE Federal government has banned the importation of a very common brand of generators locally called “I better pass my neighbour”. The Controller, Federation Operations Unit Zone A, Lagos of the Nigeria Customs Service (NCS), […]

A banker receives interest on loans, the same way a landlord collects rent from his property. But if the banker sells foreign currency, or the landlord sells his property, they both will make profit. So, […]

The Lagos State House of Assembly has urged the Federal Government to refund the N52billion the state spent on repairing federal roads in the state. Raising the issue under Matter of Urgent Public Importance yesterday, […]

A major showdown looms between the Executive and the Senate over the commission deducted for services on the Treasury Single Account (TSA). The Senate, which last week slated a probe into an alleged deduction of […]

The Federal Government plans to fund the N5,000 monthly allowance for 25 million unemployed youths and the free school feeding programme from the Treasury Single Account, The PUNCH has learnt. Our correspondent learnt on Tuesday […]

ABUJA—The Central Bank of Nigeria, CBN, yesterday, disclosed that it refused to further devalue the  Naira because it would not have had direct impact on the country’s exports as a mono-economy. The CBN Governor, Mr. Godwin […]

Following the global slump in crude oil prices, the Minister of Finance, Mrs. Kemi Adeosun, has said the Federal Government will henceforth focus on raising non-oil revenues. She told the Financial Times that stricter enforcement […]

There  is good news for fuel marketers. President Muhammadu Buhari has asked the National Assembly to approve the payment of their N413 billion claims, it was learnt yesterday. The payment is believed to be the […]