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All hope may not have been lost on the Nigerian economy despite the current hardship occasioned by fall in oil prices and regulatory headwinds, as the country’s trade balance is projected to return to surplus of $6.6 billion from an annual deficit of $6.9 billion, according to analysts. This bright projection is coming from the… […]Read More

There is mounting anxiety amongst the members of the Organisation of Petroleum Exporting Countries (OPEC) as they gather again in Vienna for its 169th meeting on June 2, 2016. Part of the mounting anxiety for the OPEC members is the long overdue quest to choose a secretary-general to replace Abdalla El-Badri, whose term has been… […]

Unemployment is high in Nigeria. According to the latest report from the National Bureau of Statistics (NBS) it is over 12 percent. Majority of those unemployed and underemployed are the youths between ages 15 and 34. The rate of unemployment has therefore affected the amount of cash for spend in the hands of young people…. […]

Ever since the establishment of financial inclusion strategy in 2012 by the Central Bank of Nigeria, deposit money banks have not relented in taking advantage of the scheme to get the under banked into the financial service sector. The banks extend their corporate social responsibility to schools and engage children in various financial programmes. Specifically,… […]

The renewed attacks in the Niger Delta in the last few months have reawakened a crisis many people thought was dead. Following the attacks on Shell and Chevron production facilities, it is estimated that Nigeria, at a time oil price is rising, is losing about 800,000 barrels per day (bpd), estimated at about $1 billion… […]

One month to the July 1, 2016 deadline for SOLAS Verified Gross Mass (VGM) to come into force as mandated by the International Maritime Organisation (IMO), APM Terminals has perfected plans to provide container weighing services in 35 ports. The Danish terminal operator, which is taking the lead to ensure a smooth transition into the… […]

Federal Ministry of Power, Works and Housing has commenced phased implementation of the capital projects approved in the 2016 budget with an invitation for bids aimed at delivering over 20 road projects including construction of schools, government buildings and solar powered projects in the six geopolitical zones of the country. Through publications in some national… […]

The National Bureau of Statistics (NBS) was reported to have declared that Nigeria has finally gone into a recession. This is to make it official but most informed observers of the Nigerian economy know that we have been inching heedlessly towards a recession for most of the past several months, going by household spending and… […]

The complete Internet value chain has been estimated to grow by 11 percent annually over the next five years, reaching $5.8 trillion by 2020 as connectivity increases and savvy minds leverage the Internet’s endless opportunities to maximise returns. “Looking at all areas of the internet value chain combined, the total size increased at an average… […]Read More

Nigeria’s descent to a now virtually inevitable (?) recession has long been foretold by this columnist so no serious-minded person will be surprised at the news that the Nigerian economy contracted by 0.36 percent in the first quarter of 2016. Economic historians say this is the first quarterly negative since 2004 and on an annual… […]

Civil Society Organisations in the Niger-Delta have called on agitators in the region to sheathe their swords and embrace peaceful resolutions of whatever grievance they may have. Inemo Samiama Country Director of Social Democratic Network, who spoke on behalf of the CSOs, in Port Harcourt  at a joint media briefing in Port Harcourt said the […]