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How expelling Nigeria from Egmont Group could effect you

The Egmont group reportedly plans on expelling Nigeria’s Financial Intelligence Unit (FIU) at its meeting, scheduled for the 2nd-7th of March 2018 at Buenos Aires,...

How Nigeria slipped in industrial GDP ranking

If reports from the African Development Bank are anything to go by, Nigeria might have lost her place as the biggest economy in Africa....

CBN modifies list of 41 banned items excluded from official FX market

Manufacturer's in the country have one less thing to worry about as the Central Bank of Nigeria CBN has reinstated 36 raw materials that were...

President Buhari appoints Edward Lamatek Adamu as Deputy CBN Governor

President Muhammadu Buhari, according to several media reports has nominated Edward Lamatek Adamu as Deputy CBN Governor. Prior to his appointment, he was Director,...

CBN maintains MPR at 14% in absence of MPC quorum

In the absence of quorum for what would have been the first Monetary Policy Committee (MPC) meeting for 2018, the Central Bank of Nigeria...

What the latest Niger Delta threat means for your investments

The relative peace enjoyed in Nigeria’s oil producing Niger Delta may be a thing of the past, if the latest threat by the Niger...

INEC schedules 2019 general elections for February and March 2019

The Independent National Electoral Commission (INEC) has scheduled the 2019 Presidential and National Assembly elections for Saturday, 16th February, while the Governorship and State Assembly/Federal...

Ministry of Power explains what led to nationwide blackout

The Ministry of Power, Works and Housing has shed more light on what caused a nationwide blackout at about 8.20pm yesterday. The incident was...

10 key points from President Buhari’s 2018 New Year broadcast

President Muhammadu Buhari, at 7am this morning addressed several burning issues in his New Year’s speech. Here are 10 key points from the...

Presidency blames appointment of “dead people” on Buhari’s medical trips

The Presidency has reacted to the outrage and condemnation from Nigerians for the inclusion of 6 dead individuals as appointees to the boards of...

Updated: President Buhari appoints 6 dead individuals as board members

After a long wait, President Muhmamed Buhari yesterday released the list of board members for various parastatals and  agencies. In a reflection of what...

One thing the Nigerian government must do to before deregulation of petrol prices

The Case for Deregulation We probably all agree, to varying degrees, on the need for a full deregulation of the Premium Motor Spirit (popularly known...

NEITI: Nigeria’s Oil Revenues Plunged by 55% to $24.8b in 2015

29 December 2017, Abuja— Nigeria’s oil and gas revenues plunged from $54.5 billion in 2014 to $24.8 billion in 2015, while the country’s oil...

The Problem of Free Petrol in Nigeria by Mannasseh Egedegbe

That’s right. You can actually get free petrol in Nigeria if you are lucky enough to be at a fuel station that is selling...

Read IMF latest review of Nigerian economy and outlook for 2018

Nigeria is exiting the recession but the economy remains vulnerable. Welcome actions to improve the power sector...

Moody’s rates Nigeria stable, despite concerns about the country’s economy

Rating agency Moody's assigned a B2 rating for Nigeria’s annual credit analysis, but highlighted its worries about the government’s continued dependence on oil revenue. What...

IKOYIGATE: Union Bank steps forward as owner of Osborne property

Union Bank Plc has appealed against the judgement forfeiting the Osborne apartment and building to the Federal Government. The bank laid claim to the...

Silver lining as SMEs can get loans using moving collateral

Business owners in Nigeria can now heave a huge sigh of relief as the Federal Government approved the usage of movable collateral for collecting...

Lagos leads States IGR with N168 billion generated in 9M 2017

The National Bureau of Statistics (NBS) today released its report on the Internally Generated Revenue (IGR) for the third quarter ended September 2017. A...

President Buhari sends names of Code Conduct tribunal nominees to  National Assembly

President Muhammadu Buhari today sent the names of nominees for the Code of Conduct bureau to the Senate. In a letter addressed to the...

Why the CBN will sack some bank directors soon

The Central Bank of Nigeria recently revealed why it will relieve directors of commercial banks their positions in the country. Director of Banking Supervision...

Here’s a comprehensive report on the National Economic Council meeting held 23-11-2017

According to the Senior Special Assistant on Media and Publicity to the President (Office of the Vice President) Laolu Akande, the meeting of the...

Thoughts on Anambra Governorship Election

By the time you are reading me, the All Progressive Grand Alliance (APGA) should well be on its way to claiming a landslide victory...

Moody’s latest downgrade of Nigeria and how it affects you

Rating Agency, Moody, downgraded Nigeria the Government long-term issuer and senior unsecured debt rating to B2 from B1. The rating outlook remains stable. This follows...

Moody’s downgrade of Nigerian banks explained

Moody's Investors Service (Moody's) recently downgraded to B2 from B1 the long-term local currency deposit and issuer ratings of four tier one Nigerian banks...

Trails of corruption not a yardstick for justice – Makarfi

The Chairman, National Caretaker Committee, NCC, of Peoples Democratic Party, PDP, Senator Ahmed Makarfi, has said national chairmanship aspirants with pending cases in court...

Here is the latest twist to the Ikoyi whistleblower saga

Yakubu Galadima, the lawyer of the whistleblower who informed the Economic and Financial Crimes Commission  (EFCC) of the $43m, N23.2m and £27,800 (N13bn) recovered...

CBN Governor Godwin Emefiele reveals his 2018 forecast

The Central Bank of Nigeria (CBN) may change its monetary policy stance next year from the current tightening position to an easing stand that...

Yemi Osinbajo predicts “better economy”

The Vice President, Yemi Osinbajo, says Nigeria’s ranking in the latest World Bank Doing Business report is impressive and is also proof that if...

The 2018 Budget and a look at its priorities

Like every other list, there are priorities. Putting the economy of the nation into perspective, the administration charts a course for the coming year. Proposed...