Economy

As I write this piece on whether President Muhammadu Buhari has made the right choice in Dr. Emmanuel Ibe Kachikwu to reposition the Nigerian National Petroleum Corporation (NNPC), I remember my mentor, the late Major […]

The NNPC has another Group Managing Director in the name of Dr Emmanuel Ibe Kachikwu who until his appointment, was the Vice-Chairman of Exxon-Mobil for Africa. He is about the fourth GMD for NNPC in […]

EARLIER on this month, foreign exchange transfer rules suddenly changed and became extremely complicated and draconian. There was no notice period or visible consultation process. The Central Bank simply issued a series of terse “with […]

First the good news: “It was a little over four years ago, precisely on the 28th of July 2011, that we gathered here to witness the groundbreaking ceremony of this cement plant. I am excited […]

THE plan of the Edo State Governor, Comrade Adams Oshiomhole, to take the second tranche of the $225 million World Bank soft loan approved for the state under the former Dr. Goodluck Jonathan administration is […]

THE lingering decline in crude oil prices, which has greatly affected Nigeria’s revenue from crude oil exports, has taken another dimension in recent months. About 35 million barrels of the country’s crude oil remained unsold […]

During the last campaign, the then APC 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 this was […]

When young people cannot find jobs and earn satisfactory income, the youth bulge become a demographic bomb ticking away. Frustrated youths are a potential source of civil unrest. The youth bulge is a demographic bomb […]

  The ongoing publication of the names of chronic bank debtors in some national dailies is generating debates, with opinions sharply divided on the benefits of the ‘naming and shaming’ campaign. Already, some of the […]

• Demand pay for services rendered Factional leaders of the Oodua People’s Congress (OPC), Dr. Frederick Fasehun and Otunba Gani Adams, as well as other beneficiaries of the controversial Pipeline Security and Surveillance contracts, who […]

The Nigerian Naira – our national currency – is the only legal tender and means of exchange. In all its aesthetic glory, it is also meant to be a symbol of our national pride, our […]

Chapter Two of the 1999 constitution as amended, defines the “Fundamental Objectives and Directive Principles of State Policy”; thus, this chapter crystallizes the inalienable duty of government to promote policies that would improve the quality […]

Nigerians’ obsession and craze for dollar has eventually caught up with many especially politicians. The new CBN policy that mandated banks to reject foreign currency cash deposit has put many in a very tight corner. […]

In this part, contrition is high priced. In fact, it can almost be listed among the lost arts. In Nigeria, public confession or admission of wrongdoing has become a tragic casualty of our ambiguous ethics. […]

The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Emmanuel Kachikwu, said on Thursday that more purges were on the way as part of activities aimed at restructuring the company for better performance and accountability. […]

I spent the whole of last week, and good part of the last two days too, scanning through the lists of chronic debtors published by different banks. I’m still in shock. My name was not […]

“FG takes over Yola Disco from private investors.” PUNCH, July 24, 2015, p 27. The story went on to state the reason for the take over. According to the report by Everest Amaefule, “Following the […]

Nigerians were clearly bewildered by the recent wild swings in the Naira Exchange rate. Regrettably, however, despite Godwin Emefiele’s earlier assurances to the contrary, Naira was officially devalued from N155=$1 to N165 and later to […]

In this column in March this year, we warned the nation of the tough times ahead in the foreign exchange market and the economy at large. In view of what is happening in the economy, […]