Economy

The essence of democracy is for the political office holders and policymakers to muster the capacity to identify and satisfy the needs, yearnings, aspirations, collective dreams and desires of the people. That is, as against […]

“The bail-out is a temporary assistance to the states to pay salaries. The bail-out is the calculation of arrears of salaries being owed by states. The truth of the matter is that because of the […]

Nigeria from historical perspective, is always playing the catch up game. It has always adopted a fire brigade approach to issues of management. In fact, crisis management has been the style of leadership in Nigeria. […]

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, has said that the corporation is projecting the inflow of $20 billion investments next year to enable  it fund major projects […]

The European Union (EU) has handed Nigeria a June 2016 deadline to put a system in place to reduce exported pesticide contaminated food products or export rejection. The Director General of National Agency for Food Drug Administration […]

To achieve strong and viable agricultural base, the Central Bank of Nigeria (CBN) has listed conditions for accessing the Anchor Borrowers credit from the N220billion Micro, Small and Medium Enterprises Development Fund (MSMEDF). The Anchor […]

The country earned a total sum of N980.48bn from taxes between July and September this, figures obtained from the Federal Inland Revenue Service have revealed. The tax figures for the third quarter obtained by our […]

• Says 85% of losses from PPMC To fix the nation’s ailing refineries, the Nigerian National Petroleum Corporation (NNPC) said it has finalised plans to get external funds of $500 million. The Group Managing Director […]

• Airline sacks all Nigerian cabin crew, shuts call centre |The aviation sector was in confusion yesterday over the pulling out of British flag carrier, Virgin Atlantic Airways, from Nigerian routes. Though the airline is […]

A former top shot of the Nigerian National Petroleum Corporation (NNPC), Barrister Paul Ajetunmobi, has attributed the bad conditions of the nation’s refineries to obsolete laws inhibiting their smooth operation. Ajetunmobi who recently retired as […]

Last week, I criticised the Financial Reporting Council of Nigeria, FRCN, for suspending the Chairman (Mr Atedo Peterside), Group Managing Director (Mrs Sola David-Borha) and other senior personnel of Stanbic IBTC. The FRCN had justified […]

Between January and September this year, Nigeria lost about N48bn to crude oil theft, the Nigerian National Petroleum Corporation has said. According to the corporation, the N48bn is aside what the losses recorded by the […]

ABUJA — The CBN has said that the Bank Verification Number, BVN, requirement for foreign exchange transactions posed no security risks to the bank accounts of those purchasing forex. Below is the full statement: “The Central […]

It is not in doubt that Nigeria is in crucial economic times. Any keen observer must therefore be concerned about the prospects of Lagos State which controls the largest share of the Nigerian economy. Lagos […]

Oil marketers will get N413 billion for subsidy claims, following the Federal Government’s approval, the Nigerian National Petroleum Corporation (NNPC) said yesterday. NNPC spokesman Ohi Alegbe said the oil giant had taken steps to eliminate […]

ABUJA-SENATOR Ben Murray- Bruce, PDP, Bayelsa East has described the imposition of $5.2 billion fine on MTN, Nigeria by the Nigerian Communications Commission, NCC was a bad signal to foreign investors. According to him in […]

LAGOS — Activities at the retail segment of the official foreign exchange market were grounded, yesterday, as end users avoided bureaux de change (BDCs), to avoid submitting their Biometric Verification Number (BVN) for foreign exchange […]

A recent report has indicated that Nigeria loses about 50 percent of its generation, transmission and distribution due to ageing infrastructure. He noted that overtime, the industry have suffered from lack of investment in the […]

IMF Africa Director, Mrs. Atoinette Sayeh recently noted at a press conference at a World Bank event in Lima, Peru, that “…those measures introduced by CBN to restrict demand and limit access to official foreign […]

If you don’t know where you are going, any road will take you there.” Yogi Bera, American Comedian. The report in the NATION, October 13, 2015, page 7, titled “Fed Govt suspends quota issuance to rice […]