Nigeria’s GDP now $432bn, South Africa’s $370bn, Nigeria has maintained her position as Africa’s biggest economy, according to a report recently released by South Africa. An analysis of the new report by Statistics South Africa, SSA, of that country’s rebased Gross Domestic Product, GDP, pushed South Africa’s economy up by 11 per cent. After a […]
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Lagos Chamber of Commerce and Industry warns of consequences on economy The chickens are coming home to roost as the ban on Twitter operations in the country has started taking its toll on small and medium businesses (SMBs), reports Lucas Ajanaku These are not the best of times for some small businesses that rely on […]
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President Muhammadu Buhari Two major socio-political groups in the North-Central, the Middle Belt Forum and the Southern Kaduna Peoples Union, have dissociated themselves from the pan-northern association, the Arewa Consultative Forum. The MBF and SOKAPU, in separate interviews on Thursday, said although they were not opposed to the ACF’s planned meeting with southern groups, they […]
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Reserves fall behind South Africa, Egypt, Morocco, Libya ‘Contract-crude swap robbing economy of rising crude gains’ Low confidence worsening investment outlook Nigeria’s economy could be leaning against the wind as the country’s external reserves fell to a 13-month low last week, tumbling quickly to $30 billion, the level it was between 2015 and 2017. Last […]
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A protester holds his national flag during a demonstration at Ojota in Lagos on June 12, 2021, as Nigerian activists called for nationwide protests over what they criticise as bad governance and insecurity, as well as the recent ban of US social media platform Twitter by the government of President Muhammadu Buhari. – Hundreds of […]
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By Steve Obum Orajiaku The entire delivery of government efforts anchored by both the largely military and sparsely democratic leaders post independence in Nigeria can be reduced to just one word – retrogressive. The succeeding administrations have always flourished in helping outperform, in negative terms, their predecessors, quite unfortunate indeed. And as for the people, the […]
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Urges President to stop exuding false confidence, listen to citizens, restructure the country PDP governors decry FG’s excessive borrowing, NNPC’s opaque operations Want Twitter ban reviewed in nation’s interest Nobel laureate Prof. Wole Soyinka has said that Nigeria may not celebrate another Democracy Day as one nation if President Muhammadu Buhari fails to listen to […]
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Renowned labour unionist and elder statesman, Chief Frank Kokori, recalls the sacrifices made to end dictatorship in Nigeria and assesses the regime of the President Muhammadu Buhari in upholding democratic tenets, in this interview with Tobi Aworinde It’s been 22 years since Nigeria returned to democracy. What are your thoughts on the level of progress since […]
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Say dreams still unfulfilled Nigeria’s return to democratic rule in 1999 was not attained on a silver platter. Many democrats and progressives endured piercing jackboots of despotic military juntas to the detriment of their lives and family safety. The military dubiously hinged its incursion into politics on a duty to reverse what it termed the […]
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President Muhammadu Buhari has claimed that his administration has lifted at least 10.5 million people out of poverty in the country in the last two years. He also insisted the Nigerian government will pull 100 million of its current population out of poverty in 10 years. “In the last two years, we lifted 10.5 million […]
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