Economy

The Central Bank of Nigeria (CBN) is rolling out new initiatives to deepen electronic payments and its cashless policy. One of the initiatives designed to break the logjam associated with Point of Sale (POS) terminals […]

The Central Bank of Nigeria (CBN) says Oct. 31 remains the deadline for bank customers to obtain their Bank Verification Numbers (BVN). Mr Dipo Fatokun, Director, Banking and Payment System Department (BPSD) of CBN re-affirmed […]

President Muhammadu Buhari has ordered all government agencies, including the military and the universities to join the Integrated Personnel and Payroll Information Systems (IPPIS). According to Vice President Yemi Osinbajo who gave the hint yesterday, […]

Under the administration of President Goodluck Jonathan, I was vociferous against the major economic saboteurs and those that were presiding over corruption in the Nigerian National Petroleum Corporation (NNPC) but many lackeys of that inglorious […]

The World Bank Group has said African countries would grow at 3.7 per cent rate this year, a margin lower than the 4.6 per cent recorded last year. It said the growth rate is the […]

President Muhammadu Buhari has said his administration would enact new policies to diversify Nigeria’s economy from oil to other sectors such as agriculture, mining and manufacturing. The diversification, according to the President, will be captured […]

Once, in the Second Republic, while the then President Shehu Shagari was delivering an Independence Day broadcast on national television, an unplanned power outage occurred, knocking off power supply nationwide, inevitably interrupting the broadcast and […]

The Monetary Policy Committee is the ‘Think Tank’ that designs the blueprint for best practice strategies that should drive Nigeria’s economic growth and prosperity. Thus, if the MPC’s recommendations were appropriate, and progressive, inclusive economic […]

Over N287.4bn loss is being recorded yearly by the Nigerian National Petroleum Corporation from the operations of its subsidiaries across the country despite the fact that it is meant to be a profitable business venture. […]

Agriculture constitutes one of the most important sectors of the Nigerian economy. In terms of employment, agriculture is by far the most important sector, engaging about 70 percent of the nation’s labour force. The importance of […]

The measures introduced by the Federal Government to monitor crude transit and check oil theft are said to be threatening income lifeline, compounding the damage the crude price fall has done to Nigeria’s finances, access […]

The Federal Government has said it plans to re-issue its five- and 10-year bonds in the last quarter of 2015 to raise up to N270 billion after JP Morgan’s index on Wednesday delisted half of […]

Vice President Yemi Osinbajo, has said the Federal Government had plans to distribute 6,000 megawatts of electricity in the country by the first quarter of next year. According to a statement by Mr Laolu Akande, […]

On August 31, 2015 in this column, we warned the nation that in the absence of a fiscal policy, the economy is heading toward recession. Last Tuesday, the CBN Monetary Policy Committee warned also that […]

The Nigerian National Petroleum Corporation (NNPC) says it may sell refineries that fail to work optimally by the expiration of the 90-day ultimatum for their rehabilitation. “I am determined to make a difference during my […]

The Lagos State Governor, Akinwumi Ambode has approved the appointment of four additional Pension Fund Administrators to the existing six whose services are already being used in the state. The government said the action was […]

Chinese Ambassador to Nigeria Gu Kiaojie has said his country’s crude oil importation from Nigeria has been steady in the last five years. Gu told the News Agency of Nigeria (NAN) that contrary to insinuations, […]

“Economy could slip into recession, CBN warns.” News report, September 23, 2015. BEING ECONOMICAL WITH THE TRUTH The report went on to state: “The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday […]

With the down turn in oil prices in the international market, the Central Bank of Nigeria (CBN) is set to spearhead a major policy shift that will entail Deposit Money Banks (DMB) rethinking their lending […]

One Nigerian that is expected to have something tangible to say on the na­tion is the 0National President of the Trade Union Congress (TUC), Mr. Bobboi Bala Kaigama. The TUC boss poured out his mind […]