The frequent hikes of the import duty rate may have triggered a major crisis at the Nigerian ports as an increasing number of Nigerian importers are routing their cargoes to Tema, Ghana; Lome, Togo and Cotonou, the Republic of Benin.
The Nigerian-British Chamber of Commerce (NBCC) has called on the government to urgently speed up its ongoing reforms to boost the economy.
As the naira faces a formidable challenge, plummeting to N1,520.123 against the U.S. dollar in the parallel market, Dominic Joshua, a distinguished entrepreneur, finance expert, and owner of a leading fintech enterprise, steps forward with a comprehensive blueprint to restore economic equilibrium. In the midst of escalating depreciation, Joshua shares his multifaceted insights on fortifying…
The farmer waits for rain in the early months of the year. If it rains properly, not the scattered rain that deceives you to plant early, then the farmer would know it is time to plant the yam seedlings. He prays for rain, and when it comes, he prays for more rain.
The Permanent Representative of the Centre for Convention on Democratic Integrity, (CDDI) to the ECOSOC-United Nations and Chairman of the Civil Society Policy Forum of World Bank/ African Countries Caucus, Olufemi Aduwo, extolled the impressive growth recorded so far by the Group Chief Executive Officer, Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari. According to…
Hon. Ikenga Ugochinyere Ikeagwuonu, a member of the House of Representatives, representing Ideato North South Federal Constituency, has expressed concerns over the raid by operatives of Economic and Financial Crimes Commission (EFCC) on the headquarters of the Dangote Group. The EFCC on Thursday raided the headquarters of the Dangote Group in Lagos in connection with…
Former APC Deputy National Publicity Secretary, Timi Frank, has voiced deep concern about the deteriorating socio-economic conditions during President Bola Tinubu's tenure. Frank, in a statement issued on Monday, highlighted the severe economic hardships faced by Nigerians, citing escalating poverty, salary delays, inflation surges beyond 28 percent, and the cost of living soaring. He pointed…
Ohanaeze Youths Movement (OYM), the premier Igbo socio-cultural youth group, on Friday dismissed Central Bank of Nigeria (CBN) Governor Yemi Cardoso's accusations against Godwin Emefiele regarding the shortage of naira notes. The OYM labelled these claims as immature and alleged that they were orchestrated by the CBN chief to divert attention from his failure to…
According to the World Bank, Nigeria has the largest energy deficit in the world, grappling with inefficiencies in electricity generation, transmission, and distribution. With an alarming 45% of its population disconnected from the grid, Nigeria holds the record as the country with the largest population not connected to electricity. The multiple shortcomings in the Nigerian…
Nigerian inflation continues to defy global trends, setting a new multi-decade of 27.3 per cent in October even as experts warned that prices, which have been an uptrend in the past two years, will not abate anytime soon.
Sir: The trend in the global financial markets is a wake-up call for those who manage the Nigerian economy.
The Nigerian economy depends largely on hydrocarbons. Yet, in the wake of the Russian-Ukrainian war and the subsequent energy crisis that gripped European countries due to a reduction in gas supply from Russia...