‘Avengers fighting for selfish reasons’ – Osinbajo

Vice President Yemi Osinbajo, on Friday, said militant group, Niger Delta Avengers isn’t fighting for the freedom of the Niger Delta but is rather agitating for selfish interests. The Vice President noted this while delivering a lecture at the Second Foundation’s Day Lecture of the Elizade University, Ilara Mokin, Ondo State. His lecture was titled: ‘ The Future:... Read More

Featured, The News Blog

economy, NDA, nigeria, Oil, Osinbajo, vice president, violence

July 9, 2016

FG to PENGASSAN: ‘Be patrotic, suspend your strike’

Following the decision of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) workers to go on strike, the Minister of Labour and Employment, Senator Chris Ngige, on Friday, called on the trade union to call off the strike for the good of the country. According to a statement signed by the Deputy... Read More

Featured, The News Blog

economy, Minister, Ngige, office, Oil, PENGASSAN, Petroleum, strike

President Buhari's bodyguard allegedly linked to Boko Haram

July 9, 2016

‘Like Buhari, like Obama’ | US praises Nigerian President

The outgoing US Ambassador to Nigeria, James Enwistle, has likened the difficulties faced by President Muhammadu Buhari to the problems faced by President Barack Obama of the USA when he first came to power. According to The Nation, Enwistle said this while speaking in Abuja on Friday. The US envoy called on Nigerians to be... Read More

Featured, The News Blog

.US, ambassador, Buhari, economy, nigeria, obama

July 7, 2016

Dogara to ring bell at Nigerian Stock Exchange

Speaker of the House of Representatives, Hon. Yakubu Dogara will on Friday ring the bell at the Nigerian Stock Exchange (NSE) in Lagos. A statement issued by the Special Adviser on Media and Public Affairs to the Speaker, Turaki Hassan, said Dogara will ring the bell to close activities on the floor of the Nigerian Stock... Read More

The News Blog

Bell, Business, capital market, Dogara, economy, House of Reps, Nigerian Stock Exchange

July 6, 2016

New forex policy: Import duty increases

Custom duties on imported cargoes has skyrocketed to 43 percent following the implementation of the Central Bank of Nigeria’s new foreign exchange policy, the Punch reports. Before the the introduction of the foreign exchange policy, import duties were calculated on N197 to one dollar. This was contained in a circular released to all zonal coordinators and... Read More

The News Blog

Customs, dollar, economy, icnrease, import duty, naira, Tin-Can

July 3, 2016

Nigerians will not buy airline tickets in foreign currency anymore – This is why

Airlines operating in Nigeria have been warned by the Nigerian Civil Aviation Authority (NCAA) to desist from selling flight tickets in foreign currencies with immediate effect. The NCAA had apparently got wind of some of the practices of some airlines that reject naira only to accept foreign currencies in payment for their tickets. In a... Read More

The News Blog

airlines, CBN, dollar, economy, money, naira, plane

July 3, 2016

Opinion: To Governor Ambode, on Lagos hawkers

My name is Chidi Okereke. It appears I am writing you this letter, knowing fully well that there’s only a very slim chance it will get to you. But I will write anyway, because, even though I campaigned vigorously for Jimi Agbaje in the 2015 elections, you won me over when you got to work... Read More

ambode, ban, economy, Elite, Hawkers, lagos state, law, letter

July 1, 2016

Opinion: Why Nigeria is failing (Part 1)

By Gbogun Gboro More than a few times, I have said in my university class lectures, and in public speeches, that America is not merely the greatest country in the world but the greatest country in the history of the world. I say it now again. America is simply an incredible country. America is great... Read More

economy, failing, nigeria, President Muhammadu Buhari

June 28, 2016

Made In Nigeria Conference secures partnership with Min.ng

As Nigerians across the nation gear up for this year’s edition of the Made In Nigeria Conference & Exhibition, the organizers of the Made In Nigeria Project have officially entered a partnership with Nigeria’s leading and foremost Made In Nigeria E-commerce platform, Min.ng. Speaking at a media briefing held recently in the nation’s capital Abuja to... Read More

Partners

Adedeji Alebiosu, economy, Made In Nigeria Conference & Exhibition', Made In Nigeria Project, Min.ng, Mr Kelechi Ogbonnaya, nation building, sponsored

June 27, 2016

Want to learn how to survive a challenging economy? This is for you

With credit rates at over 65% and inflation at its double figures, income doesn’t complement standard of living and loans have become a nightmare for entrepreneurs. So, the questions we keep piling. What investments yield higher returns? What am I not doing right? Should I change Jobs? How do I make extra income and diversify?... Read More

Chapel Hill Denham Management Ltd, Dimeji Sonowo, economy, Ononuju Irukwu, SFS Capital Nigeria Limited, Skye Pearl Webinar, Tips to survive a challenging economy

June 23, 2016

Opinion: The debate about Nigeria’s economic diversification

by Ayodele Adio The debate about the diversification of Nigeria’s economy seems to have elicited keen interest within and among the political class. There have been big talks about investing in agriculture because of its obvious potential and the exploitation of other mineral resources. It is however worthy to note the hypocrisy and sophistry employed... Read More

Apple, Ayodele Adio, diversification, economy, Google, Jack Dorsey, twitter.

June 22, 2016

Opinion: What do you want Okonjo-Iweala to do?

by Bade Adebolu Nigeria is struggling in the face of a 40 percent slump in crude prices since the second half of last year, which has forced authorities to scale back budgeted spending and devalue the naira as foreign-currency reserves fell. It is no longer news that the government relies on oil for about 70 percent... Read More

dollar, economy, famine, kemi Adeosun, naira, ngozi okonjo iweala, nigeria, Oil, Politics, Rotimi Amaechi

June 20, 2016

Nigerian Stock Market: Investors lose ‘N46bn in a few hours’

The ripple effects of the new foreign exchange regime started by the Central Bank of Nigeria (CBN) today has already spread to the Nigerian Stock Exchange (NSE) market. Stocks have taken a slump following the uncertainties surrounding the true position of the naira against other currencies in the Nigerian interbank market. Following the announcement of the... Read More

The News Blog

dollars, economy, money, naira, nigeria, Nse, stock

June 20, 2016

Opinion: The impact of the new monetary policy

By SBM Intelligence Two days ago, the Central Bank of Nigeria announced that it would be adopting a flexible exchange rate policy in the management of foreign exchange (FX). The guidelines to the new policy, dated 15th June, 2016, spelled out how the new policy would operate. The key highlights of the policy are listed... Read More

central bank of Nigeria, economy, Financial Market Dealers Association (FMDA), Foreign Exchange Market, money, new monetary policy, nigeria

June 20, 2016

Kalu Aja: How best to budget (Y! Naira&Kobo)

So last week we learned about how to calculate out networth, i.e. what we are worth when we subtract our assets from our liabilities. This could be a negative of a positive, figure, a negative figure shows we owe more than we own, this is not always a bad thing. If we are younger and... Read More

Featured

budget, economy, investment, money, naira&kobo, nigeria

June 20, 2016

Opinion: FG’s tubers of yam and 4 other things

By Simon Kolawole The naira has just been effectively devalued — so why are some people jubilating? The way economists, financial experts, bankers and analysts were celebrating on Wednesday would make you think crude oil price had just hit $120 per barrel and Nigeria’s production level has risen to 2.5mbpd. But no. The CBN had... Read More

Buhari, CBN, dollars, economy, Emefiele, money, naira, simon kolawole

June 19, 2016

Seun Onigbinde: New FX rule and a year of ‘Yes men’

By Seun Onigbinde In Marianne M Jennings’ book – The Seven Signs of Ethical Collapse, she stated stern warnings that CEOs must watch out for to avoid landing in a pit. It applies to leaders in government too. A culture of fear and silence and young guns larger than life around CEOs (read leaders) are critical points that trouble great entities. Officials... Read More

Budgit, Buhari, economy, IMF, New FX rule, Niger Delta Avengers, Yes Men

June 18, 2016

Governor Dickson pays 1 out of 5-month salary arrears

Governor Seriake Dickson of Bayelsa state has bowed to the pressure from the teachers in his state and approved the disbursement of January salaries to post-primary teachers. Dickson also promised the teachers that 50 per cent of their May salaries would be paid to them in a statement by his Chief Press Secretary, Daniel Iworiso-Markson... Read More

The News Blog

ASUU, Bayelsa, dickson, economy, nigeria, salary, Teachers

June 18, 2016

‘$12.9bn, ₦1.4trn…’ | The 5 numbers that mattered this week

Every week, different figures make news headlines. While some numbers are bereft of impact in the general scheme of things, a few others tend to be significant, and as such they stand out. In essence, they are important and should matter. These are the numbers that mattered this week. ₦93 billion The amount, in Naira, set... Read More

Featured

economy, Federation Account, Home Grown School Feeding Programme, Ibe Kachikwu, N-Power portal, nigeria, Nigerian Extractive Industries Transparency Initiative (NEITI), nnpc, numbers that mattered this week, Politics

June 17, 2016

Babajide Ajidagba: Rationalising governance beyond ‘economic diversification’ (Y! Naira&Kobo)

By Babajide Ajidagba One of the often used words by President Buhari, Vice President Osinbajo and others on their team during the last general election and the year since is “economic diversification”. The Presidency believes our economy isn’t diversified and aims to cure Nigeria’s overdependence on the oil and gas sector. Periodic economic data released by... Read More

The News Blog

bank, diversification, economy, Forex, naira&kobo, petrol

June 16, 2016

Oluwatosin Olaseinde: With the new forex policy, Nigeria is now open for business (Y! Naira&Kobo)

Finally, details of the much awaited FX market structure announced in the May MPC meetings are here. The CBN has finally addressed its primary function to maintain stability for the country’s price and money, issuing legal currency and maintaining foreign reserves to ensure the international value of the domestic currency. Other functions of the CBN... Read More

’50 Naira Hundred Naira’, Business, CBN, economy, Forex, naira&kobo, new policy, nigeria

June 16, 2016

Buhari will ‘put smiles on the faces of young Nigerians’

President Muhammadu Buhari on Wednesday, promised that his administration would create more employment opportunities for young people and ultimately put a smile on the faces of Nigerians. This, the President said in an address delivered on Wednesday, at the swearing-in ceremony of the 2016 Batch ‘A’ stream II at the National Youth Service Corps permanent... Read More

Featured, The News Blog

economy, employment, Industries, Jobs, nigeria, president buhari, smile, treasury, youths

June 15, 2016

‘Nigeria is going back to 1985’ | Obanikoro condemns EFCC invasion of his home

Following the raid of his home by operatives of the Economic and Financial Crime Commission, former Minister of Defence, Musiliu Obanikoro, has expressed his displeasure at the “illegal” act. The former Minister said President Buhari is taking Nigeria back to the era of nepotism, tyranny and despotism. Obanikoro further said that the EFCC’s action was... Read More

The News Blog

Buhari, economy, EFCC, home, Invasion, Obanikoro, PDP

June 14, 2016

‘Fragile security of the nation’ threatened by mass sacking in banks – Ngige

Minister of Labour and Employment, Senator Chris Ngige is not relenting in his threat to commercial banks who flout the directive not to sack workers even as the fortunes of the banking sector continues to nosedive. blasts NECA for being ‘unpatriotic’ and supporting rebel banks The minister in a fresh attack, has lambasted the Nigeria... Read More

Featured, The News Blog

banking, Chris, economy, employment, government, Ngige, sector

June 12, 2016

Opinion: Why Nigeria needs to urgently diversify its economy

By Ola Rotimi Currently, Nigeria’s economy is faced with venomous challenges- 27 of the 36 states in Nigeria are unable to pay workers’ salaries, the existing infrastructures are swiftly becoming poor while new ones are not in place, power generation has degenerated significantly, the financial system is crumbling, foreign investors are shunning Nigeria’s bonds and... Read More

agriculture, diversification, economy, facilities, Food, storage, substance

June 12, 2016

FG to support state governments financially… but the conditions are strict

The federal government, on Tuesday, set out stringent fiscal conditions for states before they can access a conditional Budget Support Facility which is aimed at providing financial support to any of the 36 states facing financial difficulties. This was contained in a statement made available by the Ministry of Finance. The states can only access... Read More

The News Blog

bailout, BVN, economy, Finance, funds, IGR, Ministry of Finance, states

June 11, 2016

‘When you say oil, people term it to be corrupt’ – Dangote (WATCH)

Aliko Dangote, business magnate and Africa’s richest man has told a rare story of his worst day in business as well as why he advocates diversification in business. He also spoke on how estayed away from the Upstream sector of the oil and gas busniess until recently. Dangote revealed this as a guest on the second... Read More

The News Blog

billions, Dangote, Dangote Cement, economy, forbes, naira, Peace Hyde, richest

June 10, 2016

MTN to apologise to FG, pay fine in 6 tranches… [DETAILS]

The 6 months spent negotiating with the Federal Government has finally paid off for telecoms giant, MTN as the N1.04 trillion fine imposed on the company by the Nigerian Communications Commission (NCC) has been reduced to N330 billion. The N330 billion to be paid however, includes the “goodwill” payment of N50 billion which MTN made to... Read More

The News Blog

Communications, economy, fine, Glo, MTN, naira, ncc, phones, telecom

June 10, 2016

Niger Delta Avengers strike again… blow up Agip pipeline in Bayelsa

Niger Delta Avengers have hit another oil pipeline and this time it is the Obi Obi Brass Trunk line belonging to Agip in Bayelsa. The militant group, through its twitter account revealed that the deed was carried out at 3am this morning. https://twitter.com/NDAvengers/status/741162729935896577 In another tweet, they expressed their delight at the news of foreign refineries... Read More

More, The News Blog

Agip, Bayelsa, economy, Niger Delta Avengers, Nigerian Economy, Obi Obi Brass Trunk line, Oil

June 9, 2016

#Buharimeter: Lai Mohammed confesses his biggest ‘sin’

The Minister of Information and Culture, Lai Mohammed, on Thursday said his only “sin” was that he spoke too much before the 2015 general election which brought in the All Progressive Congress (APC) into power. “I believe that my only sin is talking too much before the elections and now I have to pay the... Read More

Featured, The News Blog

Buharimeter, economy, Fashola, lai mohammed, Minister, town hall, udoma

‘Avengers fighting for selfish reasons’ – Osinbajo

FG to PENGASSAN: ‘Be patrotic, suspend your strike’

‘Like Buhari, like Obama’ | US praises Nigerian President

Dogara to ring bell at Nigerian Stock Exchange

New forex policy: Import duty increases

Nigerians will not buy airline tickets in foreign currency anymore – This is why

Opinion: To Governor Ambode, on Lagos hawkers

Opinion: Why Nigeria is failing (Part 1)

Made In Nigeria Conference secures partnership with Min.ng

Want to learn how to survive a challenging economy? This is for you

Opinion: The debate about Nigeria’s economic diversification

Opinion: What do you want Okonjo-Iweala to do?

Nigerian Stock Market: Investors lose ‘N46bn in a few hours’

Opinion: The impact of the new monetary policy

Kalu Aja: How best to budget (Y! Naira&Kobo)

Opinion: FG’s tubers of yam and 4 other things

Seun Onigbinde: New FX rule and a year of ‘Yes men’

Governor Dickson pays 1 out of 5-month salary arrears

‘$12.9bn, ₦1.4trn…’ | The 5 numbers that mattered this week

Babajide Ajidagba: Rationalising governance beyond ‘economic diversification’ (Y! Naira&Kobo)

Oluwatosin Olaseinde: With the new forex policy, Nigeria is now open for business (Y! Naira&Kobo)

Buhari will ‘put smiles on the faces of young Nigerians’

‘Nigeria is going back to 1985’ | Obanikoro condemns EFCC invasion of his home

‘Fragile security of the nation’ threatened by mass sacking in banks – Ngige

Opinion: Why Nigeria needs to urgently diversify its economy

FG to support state governments financially… but the conditions are strict

‘When you say oil, people term it to be corrupt’ – Dangote (WATCH)

MTN to apologise to FG, pay fine in 6 tranches… [DETAILS]

Niger Delta Avengers strike again… blow up Agip pipeline in Bayelsa

#Buharimeter: Lai Mohammed confesses his biggest ‘sin’

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