President should raise vibrant economic team Revenue challenge must be tackled Operating surplus template should be implemented Infrastructure, EODB key areas for new economic team In view of the lacklustre performance of the country’s economy recorded in the last four years, experts insist there is the compelling need for President Muhammadu Buhari to head-hunt creative […]
Continue Reading•To tackle unemployment, retain MPC stance The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has set the post-election agenda for the nation’s monetary policy, projecting that the current monetary policy stance of the Bank is expected to continue while inflation is estimated to rise to 12 per cent and moderate thereafter. He made […]
Continue Reading
• Private sector kicks, says move ill-timed• Senate passes N30,000 minimum wage bill• Labour seeks presidential assent within one week Nigerians may have to brace for the tough times declared by President Muhammadu Buhari, following the Federal Government’s proposed increase of Value Added Tax (VAT) by between 35 and 50 per cent. If the Senate […]
Continue Reading
President, Dangote Industries, says his continuous efforts to innovate, create value and invest in Nigeria’s economy is borne out of his firm belief in her vast economic potential. He said this during Dangote Cement Distributor’s Award Night on Monday in Lagos. He said his target is to ensure that Nigeria becomes self-sufficient in all the […]
Continue Reading
Challenges facing the Nigerian Electricity Supply Industry (NESI), have led to the wastage of about 42,160.87 mega watts (MW) of electricity out of the 88,566.43MW generated by power generation companies (GenCOs) last year. Although the current administration had vowed to address the barriers limiting power supply to consumers, statistics made available in Abuja by […]
Continue Readingcanvass Nigeria’s restructuring Militants under the aegis of the Niger Delta Avengers on Thursday threatened to halt crude oil flow from the Niger Delta and cripple the economy if President Muhammadu Buhari is re-elected. The group decried what it described as the “continuous criminal exploitation and exploration of our natural resources that engender the underdevelopment […]
Continue Reading• Analysts predict gloomy market ahead of 2019 polls Fears that the heightening political uncertainties may trigger a pull back in the equity market to halt the bullish run witnessed in the past few days became a reality yesterday, as investors lost N31 billion. Analysts had predicted that the move by government to suspend the Chief Justice […]
Continue Reading
• Pursues acquisition with N23.160 billion offers • Shareholders demand probe, okay N3.13/share scheme Shareholders of Diamond Bank Plc have demanded an investigation into the financial institution’s “merger” with Access Bank Plc. The deal worth over N23.160 billion cash consideration will see to shareholders of Diamond Bank getting N1 per share. Nevertheless, they applauded the […]
Continue Reading
Mr Henry Ikem-Obih, Chief Operating Officer, Downstream, Nigerian National Petroleum Corporation (NNPC) says the Federal Government has paid the agreed N236 billion as first tranche of the outstanding subsidy claims to oil marketers. Ikem-Obi, who disclosed this in an interview on Monday in Abuja, said that government, through the Central Bank, had directed banks to freeze interest […]
Continue Reading
2019 Poll May Affect Passage It is likely that the promise by this government to reset the country’s disjointed and dysfunctional budgeting system, may not materialise before the end of President Muhammadu Buhari’s four-year tenure. Rather than put in place the much-talked about January to December life cycle for the national budget, the administration has […]
Continue Reading
