Since Nigeria’s Independence from British Colonial rule in 1960 to date, the number of enterprises that have wobbled and ultimately foundered, make an infamous list too long to enumerate. State sponsored and privately commissioned businesses […]
Goods and services produced in Nigeria between July and September 2016 have dropped lower as the nation grapples with economic slow down. Companies and other economic agents in the country are producing far below their […]
Everywhere you turn in the Nigerian economy, it is bad and heart breaking news. Some examples will show the trend. For two quarters running since the beginning of the year, Nigeria has recorded negative growth […]
The House of Representatives on Thursday defended its decision to buy exotic cars for its 360 members at a period the country’s economy is in recession. It said lawmakers must have a means of mobility […]
The most important way of ensuring sustainable growth is through infrastructure. So, as a short time measure, the Federal Government should mobilise massive funds for immediate investment in basic infrastructure across the region. This will […]
South Africa’s economy has leapfrogged Nigeria’s as Africa’s largest in dollar terms, reclaiming the top spot it lost two years ago. Both economies face recession after contracting this year. But while the South African rand […]
There was drama on Wednesday as the Edo State Governor, Adams Oshiomhole, clashed with a former Governor of Cross River State, Donald Duke, and an ex-Governor of Niger State, Dr. Babangida Aliyu, over the poor […]
ABUJA—South Africa’s economy has regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria as the value of the nations’ currencies moved in opposite directions. Based on […]
The Central Bank of Nigeria (CBN) has denied reports that prospective Muslims pilgrims were granted concessionary foreign exchange rate for the 2016 pilgrimage. This is contained in a statement in Abuja on Tuesday by the […]
When Muhammadu Buhari was sworn-in as the elected President of Nigeria on May 29, 2015, he made what many considered a heart-lifting speech. The best part was the “I belong to everybody and I belong […]
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