Economy

Lagos State Governor Akinwunmi Ambode on yesterday said the state government will consider the possibilities of collaborating with Kebbi State to explore the economic opportunities in the production and distribution of high yield quality rice […]

Shell Petroleum Development Company (SPDC) has said it lost over 110,000 barrels of crude oil, estimated at $5 million in 2014, to oil thieves and pipelines vandals. SPDC gave the statistics yesterday at a seminar […]

The Bank of Industry (BoI) has unveiled plans for members of the Nigerian Creative Industry to access its facilities, as intervention fund to the sector hits N2 billion. Speaking during a visit to the set of […]

Deposit Money Banks (DMBs) have so far moved an estimated N2 trillion, out of the N3.5 trillion public sector funds in their vaults to the Central Bank of Nigeria (CBN), it was learnt yesterday. This […]

THE Federal Government has ordered all Ministries, Departments and Agencies, MDAs, to within seven days, compile names of all public service employees owed arrears of salaries and allowances for immediate payment. The order is contained […]

The Nigerian National Petroleum Corporation, NNPC, yesterday, reiterated its resolve to, within the next couple of weeks, commence the review of the fiscal terms of its existing deep offshore Production Sharing Contracts, PSC, with some […]

WITH an approximated 170 million population and growing at over two per cent per annum, Nigeria ranks the seventh largest country in the world.  According to United Nations (UN) statistics, Nigeria’s population will hit 230 […]

The Federal Government will adopt a zero-based budgeting format for next year, Vice President Yemi Osinbajo said yesterday. He spoke while receiving the National Economic Summit Group (NESG) at the State House in Abuja. He […]

THE Chagouris have blazed the way to show what can be achieved in Nigeria. They have vision about Nigeria which many rich people lack – the depth of their vision is shown in the boldness […]

TO escape the wrath of President Muhmmadu Buhari, some of the over 100 Ministries, Departments and Agencies of government (MDAs) were in a rush, yesterday, to beat the deadline to open Treasury Single Accounts, TSA, […]

The 19th century America was fondly referred to as the gilded age where the robber barons held sway. These ruthless capitalists controlled all sectors of the American economy and their expansionist agenda was the subject […]

Recently, the international mogul JP Morgan decided to delist Nigeria from its government bonds. The reason is that the new Central Bank regime on foreign exchange transactions does not favour its own light of good […]

The threat, earlier this  year, by the United States-based international banking mogul, J.P Morgan to phase out Nigeria from its Government Bond Index, for emerging markets (GBI-EM) was made good last Tuesday, 8th of September. […]

“You can get in more trouble with good ideas than bad ones; it is so much easier to push a good idea to excess.” Ben Graham. (VANGUARD BOOK OF QUOTATIONS p 97). President Buhari turned […]

After delisting Nigeria from its Emerging Market Government Bond Index, JP Morgan Chase and others may have lost the battle to influence Nigeria to devalue the Naira, but serious challenges remain. Challenges that can only […]

• Reads riot act at tension-soaked meeting with service brass The Comptroller-General of the Nigeria Customs Service, Col. Hameed Ali (retd) on Friday evening said corrupt officers and men of the agency will go to […]

Expectedly, the announcement by JP Morgan to delist Nigeria from its Government Bond Index Emerging Market (GBI-EM) has caused a shockwave in the country’s economy. By the calculation of financial gurus, the country is likely […]

Fitch Ratings, a renowned international credit agency, warned in a recent report that Nigerian banks may be heading into financial and operational storms. It based its opinion on what it described as the increasing difficult […]

The Nigerian Government on Friday said there was no going back on the September 15, 2015 deadline for all Ministries, Departments and Agencies as well as the general public to comply with the directive on […]

When in 2009 contract was awarded for the reconstruction and expansion of Lagos-Badagry Expressway from its four-lane structure to 10 lanes with a light rail track in-between, there was a mixed bag of joy and […]