Business & Economy

Recalibrating MPR, A Proud Moment of Macroeconomic Stability from Volatility

In a move that has sent clear ripples across Nigeria’s financial landscape, the Central Bank of Nigeria’s Monetary Policy Committee (MPC) has taken the...

Olayemi Cardoso: Steering Nigeria’s Macro Economy as Governor of the Central Bank

Since assuming office as Governor of the Central Bank of Nigeria (CBN) on September 22nd, 2023, Olayemi Cardoso has spearheaded landmark reforms that have...

What Happened To Nigeria’s $20 Billion?

Nigeria is subliminally going through perilous times. Unfortunately, the factors responsible forthese conditions are dangerously explained away politically. The people are hit by mute...

Nigeria: Inflation spikes, Naira recoils and T-bills sale continues

The country’s inflation rate is not subsiding and with March's surging inflation rate at 12.1 percent, the partial removal of fuel subsidy has begun to clamp down on the economy. The inflation rate of February was at 11.9 percent...

The Recovery of Nigeria's Financial Sector

It all started with the race to consolidation. An ultimate challenge to their very survival, the N25 billion consolidation turned banking into a fraud Ponzi scheme. Not even the Investment and Securities Act of 1999 could stop banks from gambling with depositors’ funds in the capital market...

Dangote Cement listing on London Stock Market is not necessary

Aliko Dangote, the richest African capitalist is on a move and it is no surprise to global market observers and analysts that he is strategizing to list his $11 billion Dangote cement on London stock Market...

How AMCON saved our banks from global financial fiasco (I)

Having borrowed heavily to meet shortfalls in government tax revenue and bloated social spending, it came to the point the US economy could no longer continue to attract foreign money to finance government deficits without raising interest rates...

Nigeria's inflation rate at 11.9% and CBN retains interest rate at 12%

The impact of the fuel subsidy removal which contracts disposable income with the rising price of the food and fuel products is a reality...

Greece 53.5% Debt Write-down: Nigeria and Africa can do better

Nigeria during her exit from 2006 Paris Club of Creditors was granted a mere 18 percent write down for the $36 billion she owned to mostly European creditors...

Nigeria: IMF, SP Reports acknowledge progress not stability

On the report issued by IMF after its consultation with Nigeria, in which the country's macroeconomic well-being and stability were reviewed, IMF's report was cautiously optimistic, emphasizing progress not stability...

Nigeria's Economic growth and Statistics: Interest Rate, Real GDP, Employment and Inflation

According to the Domestic Macroeconomic and Financial Developments issued by Sanusi's Central Bank of Nigeria, the "real Gross Domestic Product (GDP) grew by 8.68 per cent in the fourth quarter of 2011, up from 6.64, 7.72, and 7.40 per cent in the 1st, 2nd and 3rd quarters respectively...

Don't miss

Boko Haram: A Violent Symptom of a Rotten Embrace

Societies racing to hell usually make pit-stops at irrationality to re-tank their superstitions. They stop not only to caress their indiscretions, but also to refill their pathologies. On their way to oblivion, they loiter around the theatres of infamy. They celebrate feasts off their impunity. At those convocations, they erect funeral pyres to immolate their posterity...

Yar’Adua versus “motor park” touts

A friend of mine, an American who has studied and taught in Nigeria, sent me a terse e-mail yesterday. It read: “The ‘president’ of Nigeria is a perfect icon for the country: prostrate in intensive care and held hostage by a secretive, greedy clique!”

Is Evil the absence of God?

My brother was a Christian who died of cancer, even though he prayed to Jesus to heal him. How is this Jesus good? Hmmm? Can you answer that one?

A Black British Premier is Hallucinatory Disorder

Barack Obama was lucky. His Luo father made the most profound decision of his life by rejecting Britain for America. By now, Obama would have been a mere London inner city duff solicitor on a nine to fiver with fading jackets, worn out shoes, hire purchase BMW and a mortgaged three-bed house...

The Economy of Nigerian Marriages

Today, a sizeable number of Nigerians who return home for a spouse do so at their own peril. Danger and deceit abound as marriages have become business ventures...

Everything Good Is Coming

The lights are still out, the roads are bad, the politicians are still stealing money but do look for what lies beneath. Nigerians are turning the corner, slowly and surely and you don’t want to miss the emerging opportunity this land of sleeping giants presents...

The Time to Unburden Our Burdens Is Almost Here

One thing is certain, there will be a new...

It is very annoying…

Our budgeting system in both the federal and state levels have become a joke. It is skewed heavily towards recurrent expenditures to sustain the exuberant and extravagant lifestyle of our leaders; their madness...

A New Day in Nigeria and End of Election Malpractices

Nigeria is the economic powerhouse of West Africa and the giant of Africa. Nigeria as a nation and as a people can no longer afford to shy away from their collective destiny of greatness...

Yasser Arafat: The Passing of a Statesman

What greater service is there than the service to one’s own people and to one's own land. Arafat accomplished both: he served his land and his people. He lived his life in the services of his land. Arafat gave wind to the wings of Palestine; he gave bounce to the political protests and rhythm to the Palestinian freedom songs...