...South-west IPMAN threatens to stop lifting products Despite the pledge by oil marketers to support the federal government’s efforts in ensuring sustained and stable supply of petrol at the official pump price of N145 per litre, there are indications of imminent scarcity as some depot...

The Central Bank of Nigeria, CBN, in June 2016 formally unveiled the much-awaited flexible foreign exchange policy that would allow the foreign exchange interbank trading window to be driven purely by market forces. The policy was designed to effectively remove controls on the naira, allowing...

For the federal government to take the nation’s economy out of its recession and place it on a sustainable growth path,  there must policy reforms in  oil, power, mining, aviation sectors. The is the assertion  of analysts at Afrinvest (W.A) Limited, a Lagos based investment banking firm in its Economic and Financial...

About a week after the Federal Government announced the release of N72bn as its counterpart fund for the construction of the Lagos-Ibadan standard gauge rail line, the Export-Import Bank of China has approved $1.275bn (about N408bn) loan for the project on behalf of the...

The Director General, Budget Office of the Federation, Mr. Ben Akabueze, has said that the organisation would soon introduce an ‘Organic Budget Law’ that would prescribe exact budget cycle time frame from presentation to implementation. He also said that the clause in the roll-over implementation...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has attributed the collapse being witnessed in the power sector to liquidity problems and vandalism of key facilities, among others. Fashola spoke at a press briefing at the end of a meeting of the Federal...