The Federal Government plans to spend an estimated N6.812tn as its budget for 2017. The figure is about 13.3 per cent or N806bn above the N6.06tn budgeted for 2016. These details were contained in the 2017-2019 Medium-Term Expenditure Framework and Fiscal Strategy Paper, which President Muhammadu...

President Muhammadu Buhari has said that between March and July 2016, a space of five months, the activities of militants in the Niger Delta region resulted to Nigeria’s transmission system experiencing up to 16 system collapses. Buhari stated that the incidences were in contrast to...

A United States’ industrial firm, General Electric has announced its plans to invest about $150m (N45.8bn) in Nigeria by 2017. “There are development projects where we are investing,” the Chief Executive Officer, General Electric in Africa, Jay Ireland, told the Financial Times Africa Summit in...

Numerous narratives and buck passing predating the official pronouncement of the economy entering recession have been so entertaining, warped and quite unrealistic. Commentaries by captains of industry and financial cum economic technocrats blaming the CBN and the current administration of President Muhammadu Buhari for...

Former Governor of Sokoto State and Garkuwan Sokoto, Alhaji (Dr.) Attahiru Bafawara has descended heavily on President Muhammadu Buhari on the anti-corruption stance of his administration. The former Governor, in an open letter to President Buhari, a copy of which was made available to Economic...

The administration of President Muhammadu Buhari inherited road contractual liabilities worth N1.5tn, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said. This was made available in a  statement by the Special Adviser, Communications to the Minister, Mr. Hakeem Bello. He said the ministry inherited...