Business & Economy

The three counterparts that make up an economy, the companies, the consumers, and the government, are all contributing to a deteriorating economic situation. Through their actions, all three are complementing …

Allocating 72% of the budget to recurrent expenditure seems to me very outrageous, and a move away from the government mantra of fiscal prudence. Though, as one analyst observes, it …

Any visitor to Nigeria, observing the raging noisy altercation about the removal of the so called subsidy on petroleum products, would be led to so many faulty assumptions which the …

In this era of technological revolution, a sequel of the industrial era, Nigeria should jump on the bandwagon of promising knowledge economy that predominantly drives the development of new technologies, …

There is no great economy without many regional economic entities competing among themselves within it. The United States, which every nation has looked up to until the recent emergence of …

So far, the current global debt crisis has cost the leaders of Greece and Italy their jobs. Who will be next? Only time will tell…

It is disheartening to note that even long before the advent of the continued economic and financial meltdown, which started manifesting late 2008, and still troubles the global economy up …

Governor Chibuike Amaechi of Rivers State is revealing something new to us. His clamour for more funds for the states in the name of reviewing the Revenue Sharing Formula is …

 One of the most controversial chapters in the Sanusi banking reform is his sacking of the managing directors of five banks and replacing them with CBN appointed managers. Many people …

Numerous stakeholders in the financial industry and Nigerians in general have well-observed over time, that Malam Sanusi’s carefree and occasionally inconsistent policy pronouncements on certain burning fiscal issues concerning Nigerian …

There has never been a worse time for Europe than now. Its euro zone economy is almost bankrupt. And this long awaited time-bomb is taking place after decades of loading …

There is evidence that the major beneficiaries of oil subsidy are oil importers, distributors and filling stations across the country…

Aside series of persistent obstacles, shortcomings and problems, Nigeria, like every other developing country, is driving towards a stage where it could accommodate a good number of people from the …

Most African economies – of course, led by Nigeria – are in their respective sorry states today because of their rush to reclaim the political territories without appreciating that – …

When most African countries became independent during the 1960s, joining the political class was more appealing and rewarding than going into the private sector…

Had China’s economic revolution followed traditional western development route, the usual ‘big bang’ neoclassical path; had it accepted the usual, ”Don’t do as we in the west do, but do …