By Blaise Udunze Three years after the removal of the fuel subsidy and the adjustment of the foreign-exchange regime, Nigeria’s revenue and external positions have improved significantly. After escaping the fiscal cliff as touted, but with the United States questioning the country’s fiscal transparency, the harder question is whether these gains can be translated into…
BY BLAISE UDUNZE Nigerians should gear up to start seeking accountability from those in power because the country is gradually entering one of the most dangerous phases in its economic history, not merely because inflation is high, unemployment is worsening, or public debt is rising, but because the institutions responsible for telling them the…
Multiple award-winning artiste, Akande ‘9ice’ Abolore, has released new single he entitled ‘Economy’. 9ice, who is also called Ancestor, revealed that this time, he was on a song that talks about the Nigerian Economy; its ups and downs. ‘Economy is a song or as a topic is rare in today’s entertainment world but crucial, necessary…
**Says President Not Sound In Economy, Foreign Affairs Despite embarking on over 20 trips abroad since he was sworn in as President of Nigeria on May 29, 2016, former President Olusegun Obasanjo says President Muhammadu Buhari is not a sound in foreign affairs. The Ota farmer made this known on Monday when he spoke at…
Nigerian Breweries Plc, the pioneer and largest brewing company in Nigeria, has reaffirmed its commitment to backward integration substitution of imported raw and packaging materials with local alternatives. According to the company, not fewer than 250,000 new jobs have been created through its investment in the Sorghum and Cassava value chain. Speaking to Financial Journalists…
Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has predicted that the economy would experience a boom by the end of 2018 just as he hinted of a hike in interest rate by May 2016 at the Monetary Policy Committee, MPC, of the Apex Bank, following the inflation rate that has galloped to…
The Federal Government says it has identified four ways to revamp Nigeria’s economy and make it one of the best in the world. This was made known by the Minister of Finance, Mrs Kemi Adeosun, at a special programme organized by the Lagos Business School recently. According to Adeosun, the four economic plans the government…