Economy


5G Revolution: A Nation Left Behind

Prof Umar Garba Danbatta, the Executive Vice Chairman of the Nigerian Communications Commission, NCC, hasexplained to the public that the 5G technology has the ability to provide technological support for security, rural development, employment opportunities…


NNPC Completes Nigeria’s Longest Gas Pipeline

The Nigerian National Petroleum Corporation (NNPC) has completed the construction of Escravos-Lagos pipeline phase 2 (36’x342km). There will be the immediate transmission of gas to power stations in the country. Zakhlem Construction Nigeria Limited assigned…


ENDSARS: Nigeria Loses N700BN in 12 Days

The Nigerian economy has lost over N700 billion to the #EndSARS protest over the last 12 days. This has led to growing concerns as efforts are being made towards resuscitation of national economic activities due…


Presidency Engages New Business Reform Bill

The presidency has stated that it is considering an omnibus reform bill that will improve the quality of business across the country. The bill will enclose all the reforms introduced so far into the business…


2021 Budget: Osinbajo Speaks on the Nation’s Debt

Amidst the rising panic over the nation’s debt, opinions have been expressed concerning the effect of such debt rate on the economy. Professor Yemi Osibanjo, the Vice-President spoke on Wednesday at a media roundtable to…


‘Food Prices Will Remain High in Nigeria’ NBS

The National Bureau of Statistics (NBS) revealed the increase in Nigeria’s inflation after attaining the highest level in 28 months in September. The Country’s inflation rose from to 13.7 per cent in September, hitting its…


CocaCola Empowers Women with Free Start-Up Kits

The Coca-Cola Foundation, in partnership with Karis, and Eleos Hand of Hope Foundation, has trained women in Sangotedo, Lagos, in a one-month training titled “Catalyst for change”. The event was aimed at accelerating the recovery…



‘Our Economy is in Coma’ says APC Senator

Hon. Francis Waive Honorable Francis Waive, a member of the Federal House of Representatives representing Ughelli North, Ughelli South, and Udu FederalConstituency lamented the economic state of the country recently. Hon. Waive disclosed that the…


The Advantage Of Price Hike Of Fuel And Power

The recently announced hike in the pump price of Premium Motor Spirit (PMS) and electricity tariff is generally perceived as doom for most Nigerian homes. This is comprehensible as many are still grappling with the backlash…


The New CAMA and the Rules of ‘KARMA’

In the wake of the easing of lockdown on the economy as a result of the Covid-19 pandemic, President Muhammadu Buhari took a crucial step by vetoing the Companies and Allied Matters Act, 2020 (CAMA…


The Imminent Death of the Cinemas

August 17th, 2020, took a monumental turn as Nigerian actors, producers, singers, and the general populace began an online protest, seeking the reopening of cinemas. The online protest, which was tagged #SaveCinemas, gained massive attention…




The ECO: Battle for the Soul of West Africa

Nigeria is one of the countries that drive the wheel of the continent’s economic viability. Nigeria boasts of over 80% of the region’s revenue and a larger share index of the market made possible by…



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Stamp Duty: A Looming Tenancy Crisis?

Taxation a new normal… By Joyce Adelanwa Nigerians are concerned by the increasing collection of taxes in the country amid the novel Coronavirus (COVID-19) pandemic raging across the world. The pandemic, according to available reports,…