As the Dollar Sells for N500… An objective evaluation and analysis of Nigeria’s economic collapse points directly to President Muhammadu Buhari and his unprecedented inaction and monumental blunder in failing to appoint his ministers and form a government until 6 months after he was sworn into office. Furthermore, the delay in having a budget passed […]
Nigerian Recession: Centre announces Essay Prize for Solutions Nigerian Recession Lagos-based international Graduate School, CIAPS (The Centre for International Advanced and Professional Studies) has announced a Public Interest Essay Competition aimed at studying the Nigerian Recession and finding solutions to it. The competition themed “Nigerian Recession: Diagnosis & Prognosis” which has a total of one […]
— 9th October 2016 From Amechi Ogbonna, Washington DC, USA The Executive Board of the International Monetary Fund (IMF), has approved a modification in the mechanism governing interest rate, setting of Poverty Reduction and Growth Trust (PRGT) facilities and set the interest rates to zero on all its concessional loans under the PRGT for Nigeria […]
The manager of Rumours Nightclub, Tobi Ashiru, has complained about the slow pace of business and the near absence of big spenders at the leisure facility. Ashiru told newsmen on Tuesday in Lagos that the lull had made most club owners to explore more creative approaches to boost their businesses. “One of the biggest challenges […]
How Nigeria slipped into economic recession, by experts By Roseline Okere Vice Chancellor, Federal University Oye-Ekiti. Kayode SoremekunVice Chancellor, Federal University Oye-Ekiti. Kayode Soremekun •Warn govt against excessive borrowing • Classify country as a rental economy. Running an oil-dependent economy, lack of sustainable developmental strategies, and mismanagement of Nigeria’s petroleum revenues have been identified […]
Is CBN really helping the economy? — 16th August 2016 Of the many policies that the Central Bank of Nigeria has made in recent months ostensibly to strengthen the banking sector, two really stand out for me: first is the approval given to Money Deposit Banks to write off their Non-Performing Loans this year for […]
LAGOS— EMINENT Nigerians, yesterday, called on President Muhammadu Buhari to urgently provide the right response to the current hardship across the country, lamenting that his ministers had performed below expectation. BuhariBuhari They warned that if appropriate answers were not provided within the shortest possible time, the country might experience a total economic collapse. While calling […]
It is exactly one year since Muhammadu Buhari was sworn in as President of the Federal Republic of Nigeria. Ahead of the official commemoration of his ascension to power, Buhari spoke with some journalists on the issues that have dominated his reign. Excerpts: Looking at the last one year, how would you assess what has […]
Nigerian Economy: When Will Buhari End the Blame Game? Since the swearing in of President Buhari on May 29, 2015, there has not been shortage in the blaming of the previous administration by the president and his officials. We have heard in not less than many cases where the President always shifting the blame and […]
*Ask lawmakers to revisit grey areas in 2016 budget, return exotic cars *Security operatives helpless as legislators, others stranded By Henry Umoru & Joseph Erunke ABUJA— hundreds of youths, under the aegis of Citizens United for Peace and Stability, CUPS, yesterday stormed the National Assembly calling for immediate resignation of Senate President, Saraki, on […]
Alleged coup plotters bought 32 vehicles for covert operations
Diezani Alison-Madueke denies bribe-taking at London corruption trial
Ex-Minister Diezani Alison-Madueke appears in london court for ‘£100,000 bribery’ trial
Key Boko Haram commanders killed in Borno airstrikes
Nnamdi Kanu’s wife recounts 2009 abduction, blames uwazuruike
Late Fela Anikulapo Kuti becomes first African to receive posthumous Grammy Lifetime Achievement Award
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