Economy

Nigeria has now become a Buhari that is very enigmatic when we discuss how and what Nigeria should be, and in which direction she should be headed. In all spheres of Nigeria’s bureaucracy today the […]

The Nigerian National Petroleum Corporation (NNPC) has said it may sell refineries that fail to work optimally by the expiration of the 90-day ultimatum for their rehabilitation. Dr Ibe Kachikwu, the NNPC Group Managing Director, […]

The Central Bank of Nigeria (CBN) has raised the alarm that less than half of active bank accounts in the Nigerian banking system have been enrolled in the Bank Verification Number (BVN) exercise. A statement from the […]

There can never be a perfect policy. Every policy must have its downsides just as every medicine must have some side effect. The only reason most drugs (which are essentially poisons) are allowed to be […]

The Securities and Exchange Commission (SEC) has disclosed that enrollment for e-Dividend payments can now be efficiently conducted at banks and registrar branches nationwide through the online platform launched on 29th July 2015. This follows […]

The three tiers of government, comprising federal, states and the 774 local government councils, have shared a total of N4.4 trillion between January and August. The amount included allocations from derivation funds to the nation’s […]

As the economy continues to face challenges which demand innovative and radical policies, the stakes are high on President Muhammadu Buhari. He is expected to provide inspiring leadership and deliver on key mandates, ensuring security […]

Without the passage of the Petroleum Industry Bill (PIB), the construction and operation of greenfield refineries will be pretty difficult. All the licensees want to be sure of how they will recoup their investments. The government has […]

From the Central Bank of Nigeria (CBN) yesterday came a warning shot on the economy: Nigeria risks sliding into recession next year. The apex bank also hinted that the implementation of the Treasury Single Account […]

With most states of the federation presently surviving on the financial lifeline packaged by Abuja, and with majority practically living only for the present, we must put it to the nature of the times that […]

Rip Van Winkle, you probably know.  He was the fictional American bloke that snoozed for  20 years; only to wake up and find everything around him changed. But Morgan Van Winkle?  Though American too, it’s […]

The plans to review electricity tariff  has provoked customers of the distribution companies. The Nigerian Labour Congress (NLC), the Conference of Nigeria Political Parties (CNPP) and others are angry. The consumers warn against a price […]

The point of today’s article is to offer advice to our “one-per cent” population how to spend their money. Somewhat presumptuous, admittedly. Please bear with me. All I’m doing is arrogating to myself the sort […]

President Muhammadu Buhari may have, so far, given the clearest preview of his template for the revival and sustenance of inclusive growth in the Nigerian economy, in a recent interview with a French media house […]

The Nigerian National Petroleum Corporation on Sunday announced that it had secured a $1.2bn (N236bn) multi-year drilling financing package for 36 offshore/onshore oil wells under the NNPC/Chevron Nigeria Limited Joint Venture. According to the corporation, […]

The Nigeria Sovereign Investment Authority, NSIA, managers of the Sovereign Wealth Fund, SWF, yesterday, insisted that all the assets it manages were intact, adding that it was never invited and had never made any presentations to […]

National President of the Petroleum and National Gas Senior Staff Association of Nigeria, Olabode Johnson, speaks with GIBSON ACHONU on issues troubling the oil and gas sector in Nigeria The Federal Government has rescinded its decision […]

The Debt Management Office has said it is right for states to use bailout funds to pay workers’ salaries. Many states owed a backlog of unpaid salaries by May 29 when Muhammadu Buhari assumed office […]

Nigerian crude oil differentials were stable on Thursday, with traders saying that demand from Europe and the United States has offset weaker demand from Asian buyers. According to Reuters, traders said purchases of Nigerian oil […]

Edo State Governor and Chairman of the National Economic Council Ad-Hoc Committee on the management of the Excess Crude Account and related Federation Account issues, Adams Oshiomhole, has said that the $1bn Sovereign Wealth Fund […]