President Muhammadu Buhari, yesterday, said his administration will not be in a hurry to enter into any agreement that would make the country a dumping ground and jeopardize the security of the nation. Consequently, the President has set up a…
Category: Economy and Finance
CONTINENTAL FREE TRADE AREA: AU MEMBER STATES TO SIGN TREATY DESPITE NIGERIA’S WITHDRAWAL
African Union (AU) chairperson Paul Kagame Tuesday gave a strong indication that member states would go ahead to sign the treaty to create the continental free trade area, even with the continent’s most-populated country, Nigeria’s withdrawal from the meeting. At…
NLC OBJECTION AGAINST CFTA CASTS AIR OF UNCERTAINTY ON THE FATE OF THE TRADE DEAL
The objection raised by the Nigeria Labour Congress (NLC) to Nigeria becoming a signatory to the framework agreement for establishing the African Continental Free Trade Area (CFTA) has cast an air of uncertainty on the fate of the trade deal,…
DAPPMAN AND MOMAN SUSPENDS 14 DAYS STRIKE
Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), and Major Oil Marketers Association of Nigeria (MOMAN) yesterday suspended their 14-days strike notice to the Federal Government owing to the government’s assurance to pay the outstanding N650billion debts to the…
NIGERI OIL SECTOR UNDER THREAT
Nigerians should prepare for a worst queue at filling stations as the probability of having a fresh fuel shortage is by the corner following a warning on Wednesday by the Niger Delta Avengers that it will launch attacks on the…
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FG TO STOP MONTHLY ALLOCATIONS TO STATES SOON_ADEOSUN
The Minister of finance, Mrs Kemi Adeosun has hinted that the President Muhammadu Buhari led administration may scrap the disbursement of the federal government monthly allocations to states and local government soon. The Minister disclosed this at a meeting organized…
ISSUE OF THE DAY: NATIONAL DEBT ON THE RISE
According to statistic, the Federal Government under President Muhammadu Buhari and the 36 states of the federation as well as the Federal Capital Territory have borrowed N7.51tn in the last two years. As of June 30, 2015, just a month…
CBN’S NEW FOREX POLICY FROM BAD TO WORSE?
By Prof Onyeiwu Much controversy has trailed the Central Bank of Nigeria’s (CBN) new foreign exchange policy. It would be recalled that the new policy was introduced last June to move the country away from a fixed exchange rate regime,…
Dangote, Adenuga, Alakija go down as Otedola goes missing on Forbes’ list
Africa’s richest man, Aliko Dangote’s net worth has declined on the World’s Billionaires list as Forbes releases the 2017 World’s Billionaires list.