Economy

We are in a state of suspended animation. The phrase, once used to acclaim by Wole Soyinka here, actually originated in the 19th century. Samuel Coleridge, author of the popular poem Rime of the Ancient Mariners, […]

The Nigerian National Petroleum Corporation (NNPC) yesterday said it paid N790.75 billion into the Federation Account between January and September. It also realised N38.67 billion from the sale of petroleum products in September. The figure […]

Governor Akinwunmi Ambode of Lagos State, yesterday, said the current source of funding for the Lagos light rail project cannot be relied upon if it must be delivered quickly. Ambode, who disclosed this during an […]

To diversify the economy, the Federal Government is collaborating with rice-producing states in the North to step up the commodity’s production. Self-sufficiency in rice and wheat production, according to Vice President Yemi Osinbajo, would ease […]

NIGERIA can overcome slowing growth with spending as the government plans to create a $25 billion fund combining public and private financing to develop infrastructure, according to Vice President Yemi Osinbajo. This is heartwarming at […]

Chairman of BCAN, Dr. Uju Ogubunka, told Vanguard yesterday that the association was meeting this week to, among other things, marshal out course of action to protect customers’ right to full and unrestricted access to […]

ABUJA – Governor, Central Bank of Nigeria, CBN, Mr. Goodwin Emefiele has restated that the CBN will not devalue the Naira anytime soon to revive the falling economy. He said that the Bank has had […]

There is crisis in the land; deep economic crisis. This is the reason why though one is truly constrained to cast the above headline because of its inherent political undercurrent, we all must remember that […]

Instead of living in denial, the government should quickly address the obstacles to doing business like fast-tracking reforms in the power sector, streamlining levies, taxes and permit issuance procedures and cutting red tape by taking […]

INDIA’S Prime Minister Narendra Modi yesterday said his country would give N2.25 trillion ($10 billion) concessional lines of credit to Nigeria and 53 African nations in five years to boost their economy. He also said an […]

CHAMPIONS of devaluation may have lost the battle following the Federal Government’s resolve to retain the naira value against the dollar. The naira currently exchanges for N197 to the dollar at the official market. Vice […]

President Muhammadu Buhari yesterday reviewed his administration’s economic policies, warning that they may be hurtful “in the short run”. In the long run, things will be better, the President said in New Delhi, India, where […]

The refineries are not performing optimally because they are unable to access crude oil for refining, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Emmanuel Kachikwu, said yesterday. He said the four refineries are […]

•Oil giant ‘committed to transparency’ The Nigerian National Petroleum Corporation (NNPC) yesterday opened the bids of the 278 firms for the sale and purchase of crude oil grades. The companies include  Televaris, Voyage Oil and […]

Notwithstanding the Federal Government’s insistence that it will neither devalue the Naira nor deregulate the downstream petroleum sector, stakeholders participating in this year’s Oil Trading and Logistics, OTL, conference maintain that deregulation is the way […]

I perfectly understand where Emir Muhammad Sanusi 11 was coming from when, at the All Africa Business Leaders Award West Africa in Lagos last week, he not only added his weighty voice to the strident […]

POWER firms and oil and   gas companies operating in Nigeria are owing banks in the country about N3.72 trillion as at June 2015, according to data obtained from the Central Bank of Nigeria, CBN. The CBN, […]

The desire for an expedited and fluid process of clearing goods from our ports has been consistently canvassed by all administrations in our recent past. Admittedly, the situation is not near as chaotic as the […]

As an entrepreneur, Mrs. Queen Okosisi, buys jewelries from Dubai and sells in Lagos, Port Harcourt and Abuja. She is currently running out of ideas on how to sustain a business she has ran for […]

The world economy will continue to experience difficulties for the next 10 years, the Group Managing Director of Energy Group, Jimoh Ibrahim, gave this position yesterday. He said there was hardly anything any one could […]