Economy - New Nigerian Politics | New Nigerian Politics

VP Osinbajo is wrong on VAT – By Anthony A. Kila

Posted by admin Anthony A. Kila, Articles, Columnists, Economy, NNP Columnists Tuesday, April 19th, 2016

By Anthony A. Kila | London, UK | April 18, 2016 – There is no other way to put it, our normally impressive Vice President, Prof. Yemi Osinbajo is very wrong on his position on the Value Added Tax (VAT) which he considers as rather low and therefore plans to increase. The VP’s position is not […]

IMF 2016 economic outlook spells gloom for Nigerian economy

Posted by admin Economy, Latest Politics Sunday, April 3rd, 2016

IMF 2016 economic outlook spells gloom for Nigerian economy — 3rd April 2016 …Projects GDP to be far worse than 2015 …Reserves to fall further to new lows at about $21.5bn By Blaise Udunze THE International Monetary Fund’s (IMF) 2016 economic outlook for Nigeria spells doom for the nation’s growth prospects, with the projection that gross domestic […]

FG injects N350bn in economy to pay contractors

Posted by admin Economy, Latest Politics Friday, April 1st, 2016

FG injects N350bn in economy to pay contractors — 1st April 2016 From Isaac Anumihe, Abuja IT was a big relief local contractors who had abandoned their sites over three years ago due to lack of funds, as the Federal Government, yesterday, said it has injected N350 billion into the economy to enable them go back to work. […]

Naira Depreciation: Blame Governors’ Forum – By Daniel Osofisan

Posted by admin Articles, Columnists, Daniel Osofisan, Economy, Governors, Naira (Currency), NNP Columnists Sunday, March 27th, 2016

By Daniel Osofisan | Jos, Nigeria | March 27, 2016 – The naira has been on a steady decline for the past few months. The disparity between rates at the Central Bank of Nigeria (CBN) and that of the parallel market is as clear as the difference between day and night. Many economic analysts and keen […]

Foreign investors withdrew N31.84bn from stock market in Feb —NSE

Posted by admin Economy, Headlines, Stock Exchange Thursday, March 24th, 2016

By Nkiruka Nnorom Foreign investors withdrew a total of N31.84 billion from the country last month as they continue to sell their interest in the Nigerian Stock Exchange, NSE. According to a data from the NSE, foreign outflows during the period increased by 20.79 per cent from N26.36 billion in January 2016 to N31.84 billion, […]

Economic downturn: Buhari needs God’s intervention — Akiolu

Posted by admin Economy, Latest Politics Thursday, March 24th, 2016

agos—Worried by the economic downturn in the country, Oba of Lagos, Oba Riliwanu Akiolu yesterday urged Nigerians to pray for President Muhammadu Buhari, saying; “He needs God’s intervention to address the country challenges.” Oba Akiolu Akiolu who made the appeal during a courtesy visit by a delegation from Kebbi State led by the state governor, […]

Economy on verge of recession — Ekpo

Posted by admin Economy, Latest Politics Sunday, March 20th, 2016

By Princewill Ekwujuru & Jonah Nwokpoku Director General of West African Institute for Financial and Economic Management, Professor Akpan Ekpo, has said that the prevailing economic situation in the country resulting from persistent decline in commodity prices has sent the Nigerian economy hovering on the brink of recession. President Muhammadu Buhari He stated this while […]

I didn’t say the economy is beyond Buhari – Minister

Posted by admin Economy, Latest Politics, Uncategorized Sunday, March 13th, 2016

The Minister of Information and Culture, Alhaji Lai Mohammed, on Sunday denied saying the Nigerian economy had gone out of the control of the President Muhammadu Buhari administration, the News Agency of Nigeria reports. Mohammed was quoted as making the comment (on the state of the country’s economy) on a radio show on Saturday. […]

Debating the Nigerian Economy – By Dr. Jideofor Adibe

Posted by admin Articles, Columnists, Economy, Jideofor Adibe, PhD, NNP Columnists Friday, March 11th, 2016

By Dr. Jideofor Adibe | London, UK | March 11, 2016 – Nobel laureate Wole Soyinka, who has become a sort of deity to several functionaries of the APC-led federal government, raised the stakes when he called for an “emergency economic conference” to find ways of fixing the economy. During a visit to the Minister […]

Nigeria Today! The Naira, the Dollar and the Heat in our Houses- By Leke Ademo

Posted by admin Articles, Columnists, Economy, Leke Ademo, Naira (Currency), NNP Columnists Friday, March 11th, 2016

By Leke Ademo | NNP | March 11, 2016 – I grew up in Nigeria at a time when Nigeria was still in its early developmental stage, certain areas seem to have been on a decline. It didn’t start today, it has been declining for years, but we did little about it until it became […]