Economic Confidential

Rising External Debt Pressurises Nigeria’s Economy

Despite assurances by the Debt Management Office (DMO) that the current external debt stock of $6.92 billion is well within sustainable level, the Central Bank of Nigeria (CBN) has raised the alarm, saying it is putting pressure on the...

Revenue Allocation: Between RMAFC and States

The ongoing agitation for the review of revenue allocation formula has brought to the fore questions on the tangible benefits derived by the people at both State and Local Government levels from the huge monthly revenue allocation to their...

Unending Probe Into Murky Oil Business

THE standard depiction of oil theft in Nigeria shows a young man, knee-deep in a swamp, with a bucket or wooden canoe full of pilfered thick black sludge. But a besuited banker in Geneva or a slick shipping trader...

Politics of Development: An Encounter With Governor Kwankwaso

At an informal gathering a few months ago, discussants attempted a comparison between President Goodluck Jonathan and some of the governors in the break-away new Peoples Democratic Party (nPDP). While some argued that the President and the governors are...

FG to review rice tariff — Committee

Chairman of the Presidential Committee on Trade Malpractice, Alhaji Dahiru Ado-Kurawa has revealed plans to review tariff on rice, to tackle smuggling and revenue loss. That planned downward review was aimed at reducing the level of smuggling of the...

Femi Kuti Is A Chip Off The Old Block

Femi Kuti doesn't have an entourage of 100 people, as his father, the late Afrobeat legend Fela Kuti, did at the height of his stardom.   He has never done time in prison, smoked igbo (marijuana) on stage, or married all...
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