Economy

Emir of Kano Muhammad Sanusi II yesterday came under fire for calling for the devaluation of the naira and removal of petrol subsidy. Labour, a senator and others advised President Muhammadu Buhari to ignore the […]

Some workers of the Nigerian National Petroleum Corporation have said that SAP, an enterprise resources planning solution deployed to boost accountability in the corporation, has improved their performance. The result of a recent survey, a […]

Vice-President Yemi Osinbajo has said the government is working on a medium-term reduction of the pump price of petroleum products by collaborating with private refineries and reducing importation. He said there was no going back […]

Naira should be devalued The Emir of Kano, Alhaji Muhammadu Sanusi 11 said yesterday that President Muhammadu Buhari should remove the subsidy  on fuel  if the economy must be saved. “This fuel subsidy has to […]

Former central Bank of Nigeria, CBN Governor, Sanusi Lamido, has called on his successor to devalue the naira and warned that Africa’s biggest economy is in danger of a long term slump unless the government […]

As in 1985-86, Nigeria is again at loggerheads with the international financial institutions. It is under strong and persistent pressure from the World Bank (WB) and the International Monetary Fund (IMF) to devalue its national […]

The umbrella body for  employers in the country, Nigeria Employers Consultative Association, NECA, yesterday in Lagos, warned that the newly introduced Treasury Single Account, TSA, policy by the Federal Government would cripple the operations of self-funding […]

The pace of governance under President Mohamed Buhari  has been decried in some quarters as being slow in providing clear signals of a realistic, regenerative economic blueprint; some other Nigerians, however, conversely endorse Buhari’s more […]

AT the recent Financial Times  Africa Summit in London Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, defended his foreign exchange policy, which has tended towards administrative controls since the begining of […]

Peugeot Automobile Nigeria (PAN) is targeting low and medium income earners with loans to enable them purchase Peugeot cars and repay in instalments. To solidify the move, PAN, which is a leading automobile company in […]

Financial services and oil and gas stocks were the few exceptions to the widespread decline that pervaded the Nigerian stock market last week as investors weighed the third-quarter earnings of quoted companies. The benchmark index […]

The Osun State government and France have signed an agreement to build a €35million (N8 billion) 13 megawatts solar plant. Stephane Gompertz, France’s Ambassador for Climate Change, told the News Agency of Nigeria (NAN) in […]

THE three-day 21st Nigerian Economic Summit Group, NESG, conference has come and gone, with the stakeholders both in private and public sector hoping to see the country realise its potentials within the shortest possible time. However, […]

AT the recent Financial Times  Africa Summit in London Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, defended his foreign exchange policy, which has tended towards administrative controls since the begining of […]

Nigerian delegation to this year’s IMF/World Bank     meetings held several meetings with World Bank/IMF Officials, colleagues from across the globe and institutional investors that picked interest in Nigeria. The delegation led by CBN […]

A new World Bank report has put Africa’s poverty rate at 43 per cent compared to a previous figure of 56 per cent. The World Bank Vice President, Africa Region, Mr. Makhtar Diop said during […]

The Director-General, Debt Management Office, Dr. Abraham Nwankwo has disclosed that Nigeria’s external debt profile has risen to $11 billion  as at last week as against the $ 9.4 billion recorded in March. Similarly, domestic […]

Governor  Olusegun Mimiko says plans are almost concluded   to ensure cocoa products in Ondo State gain commodity pricing and value at the Stock Exchange Market. Mimiko said group-farmers will get stock brokers and thus […]

The naira depreciated against the dollar at the parallel market on Friday, closing the week at N225.5. The naira lost N0.5 as it exchanged for N225.5 against the dollar, slightly less than its previous value […]

The Director General, Debt Management Office (DMO), Dr. Abraham Nwankwo, yesterday assured that Nigeria’s economy would not collapse as the nation’s domestic debt burden hits N11 trillion and external debts stands at $11 billion. Dr […]