Category: Business

How past Nigerian leaders, including a military dictator, Ibrahim Babangida, former President Olusegun Obasanjo and former President Goodluck Jonathan, among others, spent the humongous oil revenues that accrued to the country especially since 1990 is baffling to the Federal Government, according to the Vice President, Prof Yemi Osinbajo. Within the period, at least $982.8 billion […]

The horrendous unemployment crisis in Nigeria could only be solved with the change of the current perception of skills acquisition as a preserve for the never-do-wells, the poor and the wretched in our society. If Nigerians successfully change the perception of about technical skills, the problem of unemployment and other development issues would have been […]

Agricultural, manufacturing and the sectors considered as growth and employment stimulating, can now borrow long term as much as N10 billion at consolidated nine per cent interest rate under new guidelines issued by the Central Bank of Nigeria. The new credit policy called Guidelines for Accessing Real Sector Support Facility (RSSF) through CRR and Corporate […]

The 3rd Annual Maritime Conference holding in Lagos has unveiled that Nigeria controls 70 per cent of the economies of West and Central Africa. The conference with the theme, “ Port Costs and Ports Charges: A Recurring Decimal under Port Reform Regime”, was held in honour of Dr. Taiwo Afolabi, Group Executive and Vice Chairman, […]

The Peoples Democratic Party, PDP, has alleged that President Muhammadu Buhari’s poor understanding of current global economic dynamics and humongous corruption in his Presidency have wrecked Nigeria. It said the limit of the economic knowledge of the President and the APC was also directly responsible for the accumulated N22 trillion national debt burden on the […]