Economy

DESPITE minor glitches, there is a ray of hope of boosting local refining of petroleum products with the four refineries showing  recovery signs. In this report, AKINOLA AJIBADE takes a look at the conditions of […]

The hope for better days in the oil industry was strengthened monday when the price  of oil  continued its soar for the third consecutive day, rising more than 8 percent, following a downward revision of […]

As crude oil prices dived lower threatening to dip below $40 a barrel for the first time since the financial crisis of 2008 and notching their longest losing streak since 1986, economies around the world […]

The Nicon Insurance Ltd is to start the sale of N20 billion worth of its assets to meet financial obligations and regain its lost position. Managing Director of the company, Mr. Bayode Samuel who disclosed […]

Indication emerged weekend that about 10 million barrels of Nigerian crude oil cargoes for September-loading are still looking for buyers, and face steep competition from other crude oil grades. This is coming on the heels […]

Vice President Yemi Osinbajo is reported to have claimed recently that 110 million Nigerians have been impoverished by previous Nigerian governments. I am not surprised that his statement has not attracted the kind of furious […]

NIGERIA’S plan to increase its crude oil export in October may suffer setback as European refinery maintenance is expected to peak in that month, limiting the amount of crude oil they consume. Europe, which is […]

A BEAD of sweat drips down his furrowed brows to mirror a sweaty beer glass opposite his in which a housefly struggles in foam.  Early on, a giant rat leapt a foot-high from a gutter […]

With oil prices heading south in the international market and the National Bureau of Statistics (NBS) announcing yesterday that Nigeria’s growth rate slowed to 2.35 per cent in the second quarter, the federal government has […]

THERE are not many things on which Nigerians agree as far as the achievements or non-achievements of the Muhammadu Buhari and Goodluck Jonathan governments are concerned. One of these contentious issues is about who should […]

During the last campaign, the then All Progressives Congress presidential aspirant, Muhammadu Buhari, was alleged to have made a remark that he would make the naira at par with the dollar. It was clear that […]

Travelling (into or) out of Nigeria presents another layer of experience of how corruption has eaten deep into the fabric of agencies responsible for facilitating air travel at our nation’s international borders. This time, my […]

The inability of the Federal Government to convene the monthly Federation Accounts Allocation Committee meeting may delay the payment of August salaries for government workers. The meeting, which usually holds between 15th and 20th of […]

“First of all, you have got liquidity surplus in the banking industry; … there is over N1.3tn or so sitting in banks and belonging to government agencies. Now basically, they (these funds) are at zero […]

President Muhammadu Buhari recently appointed a new Managing Director for the Nigerian National Petroleum Corporation, NNPC. The appointment drew applause as usual from ever-ready Nigerians to sing the praises of those in power. Many did […]

In recent years, a number of state governments – Akwa Ibom, Jigawa, Kebbi, Delta – have spent tens of billions of naira building airports, as part of their “development” agenda. They always have a nice […]

Bishop Hassan Kukah’s recent comments after the visit of the National Peace Committee (NPC) to President Muhammadu Buhari have generated some controversies. These controversies, which have been given bite by those who saw the Bishop’s […]

In his most definite address regarding the growing criticism of his administration’s delay in naming a cabinet since he assumed office over two months ago, President Muhammadu Buhari confirmed that he will not appoint ministers […]

Hardball had always thought of him as whimsical and quirky, but sometimes impressions are far removed from reality. But one found some corroboration recently when the subject of this discourse, Governor Willie Obiano of Anambra […]

Fowlers’ skills in generating revenue for Lagos State that is said to rely more on internally generated revenue than on federal allocation would be very relevant. This is more so with the dwindling oil price […]