Economy

The Federal Government has started the process of fulfilling its promise to pay N5,000 monthly allowance to 25 million unemployed youths in the country with 2016 as the take-off date, The PUNCH investigation has revealed. […]

THE Office of the Accountant General of the Federation (OAGF) and the Central Bank of Nigeria (CBN) will today meet with SystemSpecs, banks and other stakeholders on the tariff for the transactions fees to be […]

ABUJA – Vice President, Yemi Osinbajo on Monday stated that the federal government was working to provide alternative energy sources through a mix of renewable and nuclear energy to improve power generation in the country. […]

Since the Nigerian economy emerged as the largest economy in Africa as a result of the rebasing exercise, the attempt to frustrate the nation’s efforts to move forward has been orchestrated by foreign investors, their […]

In the end, the Buhari administration — and by extension, his All Progressive Congress (APC) party — would have to account for raising domestic expectations far higher than his government appears willing (or able) to […]

The National Bureau of Statistics (NBS) yesterday said inflation rate in the country increased by 9.3 per cent year-on-year in October. It made this known via its October 2015 Consumer Price Index (CPI) that was […]

The one per cent transaction fee charged on all transactions through the Federal Government’s Treasury Single Account is shared among Remita, banks, the Central Bank of Nigeria (CBN) and other payment operators involved. Recall that on […]

The Central Bank of Nigeria (CBN) said that the Federal Government’s bail-out funds to states have boosted loan repayment in the banking industry. This was one of the highlights of the apex bank’s Credit Conditions Survey […]

As the nation’s capital market continues to reflect a regime of weak performance of quoted firms in the third quarter of the year, financial analysts have predicted that the stock market plunge may continue till […]

Despite a guaranteed national supply of 1,413,366,814.66 litres of petrol for November 2015, the queues for premium motor spirit at some filling stations across the country grew worse on Friday. In their national stock analysis […]

The Nigerian National Petroleum Corporation, NNPC, yesterday stated that it has enough stock of Premium Motor Spirit, PMS, also known as petrol, to serve the needs of Nigerians across the country for about 17 days […]

The Nigerian Export-Import Bank (NEXIM Bank) says it has channeled N7.17 interventions funds to the mining sector and created more than 4,302 direct jobs. This is since inception of the bank till date. Foreign exchange inflow Mr. […]

ABUJA — The House of Representatives ad-hoc committee on Refined Products Exchange Agreement/Crude Oil Swap, yesterday, said the Nigerian National Petroleum Corporation, NNPC; Crude Oil Department and Pipeline and Products Marketing Company, PPMC, were frustrating […]

When the wind of controversy surrounding the All Progressives Change’s promised N5,000 pay for unemployed Nigerians blew my way, the first thing I did was pick up my calculator and punch in the numbers. If […]

President Muhammadu Buhari’s overall plan for Nigeria’s oil and gas sector for the next four years was on Wednesday made known by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu. Kachikwu who doubles […]

Poor foreign exchange management by the Central Bank of Nigeria is perhaps the greatest beef that The PUNCH columnist, Henry Boyo, has against the Nigerian state. And he deserves all the sympathies and empathy he can […]

THE last may not have been heard on the fuel subsidy claims by members of the Major Oil Marketers Association of Nigeria (MOMAN). A whopping N413 billion was last week approved by the Federal Government […]

LAGOS — Moves by Central Bank of Nigeria, CBN, to influence money rates downwards brought down Federal Government bonds’ rate to a five-year low, yesterday, as banks’ liquidity position surged up to N850 billion. Bond’s […]

Customers yesterday got a breather on the Bank Verification Number (BVN), with the Central Bank of Nigeria (CBN) directing banks to ensure their uninterrupted enrolment on the platform. In a statement signed by its Director […]

It boggles the mind that Nigeria, an oil-rich country, is responsible for some of the world’s most deplorable figures on the Human Development Index. A recent World Bank report says about 80 per cent of […]