It has sadly become a tradition for annual fiscal plans to be packaged with flowery phrases which elicit hope for rapid improvement in social and economic enhancement, with the expected budget implementation. Regrettably, the promise of Eldorado is never...
Happy new year to my brothers and sisters both at home and in Diaspora. 2016 was an uncommon year in the annals of our history. A year in which people created into wealth by the abundant mineral deposits in...
The federal government of Nigeria has set aside over four billion naira for the resuscitation of the Ajaokuta Steel Company. The total sum of N4, 272,797,371 is contained in the 2017 appropriation budget which was presented to the National...
The International Monetary Fund has said that efforts to save the naira by rationing foreign exchange have failed.
The IMF stated this in its policy paper on macroeconomic developments and prospects in low-income developing countries.
The fund link economic failures in...
The naira fell to 497 against the United States currency at the parallel market on Friday as dollar shortages continued to hit the market.
Economic and currency experts have predicted that the naira will likely depreciate to over 500 per...
Trade between Nigeria and China stood at $9.5bn in 2016, according to the Economic and Commercial Counsellor of the Chinese Embassy, Mr. Zhao Linxiang.
Linxiang gave the figure at a dinner to host participants of different training courses in China...
