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Last week, EU migration commissioner Dimitris Avramopoulos delivered a rather unnerving assessment of the prospects for Angela Merkel’s multicultural utopia: if Turkey and Greece can’t come to some kind of agreement on how to secure Europe’s external border in the next week, the bloc will simply collapse under the weight of the refugee flow from […]Read More

Following the biggest beat on record in January jumping to 55.6, Chicago PMI collapsed in February to a stunning 47.6 – below the lowest estimate from economists. The entire report is a disaster with New orders tumbling, production sharply lower, and employment contracting for the 5th month in a row – to its lowest since […]

Following strength in existing home sales and weakness in new home sales, pending home sales greatly disappointed. Against expectations of a 0.5% jump, pending home sales tumbled 2.5% in January – the biggest drop since Dec 2013. This is the 9th monthly miss in a row. While the weather was blamed a little, NAR’s Larry […]

Punch Naira fall: Used vehicle prices soar, sales drop:These are not the best of times for importers of and dealers in second-hand vehicles due to unexpected low patronage occasioned by the continuing fall in the value of the naira against the United States dollar and other international currencies. Motorists groan as fuel scarcity worsens:The latest […]

Perhaps for the first time, Nigeria now makes some profit from a litre of Premium Motor Spirit (PMS) or fuel. It was N14.28 last Monday, which is a huge departure to from a few months ago when the Federal Government paid the same amount to petroleum products marketers. Indeed, outstanding payment for subsidy claims caused […]

The difficulty to access forex has taken a toll on businesses across the country and the latest association to be hit by the Central Bank’s policies is the second-hand vehicles association in the Country. The President, Berger Car Dealers Association, Mr. Metche Nnadiekwe has opened up on how the business has been kept on its […]

MTN Nigeria and Globacom Limited were sanctioned and fined N22 million and N12 million respectively by the Nigerian Communications Commission (NCC) for a breach of the mobile number portability (MNP) business rules and regulations. The NCC also confirmed that both companies had paid up the fines. This was revealed in the NCC Q4’2015 Compliance Monitoring […]

Read why the campaign, made popular by Senator Ben Murray Bruce is faulty in this article written by Tunde Mo Aguda. So it eventually took the demonizing of the Nigerian Naira a couple of weeks ago which lead to the worst fall against the dollar in our history as a nation, to bring about the […]

Nigerians are currently experiencing another round of fuel scarcity, and the situation which started last week is showing no signs of abating. In Lagos, most filling stations visited on Sunday were out of stock, while those selling had long queues of vehicles at their stations. The situation is the same in other cities around the […]

In this interview with Nairametrics Founder and Executive Director, cokodeal.com Mr MIKE DOLA, sheds light on the technology firm’s innovative disruption to the Nigerian e-commerce space. He also articulates the company’s value proposition for creating market linkage without the need for a middleman and boosting made in Nigeria goods especially for exports. Tell us about […]Read More

Nigerian stocks closed today on a positive as the All Share Index (ASI) appreciated by 1.41% to close at 24,570.73.Dangote Cement ended up as the highest gainer, as its share price rose by 5% to close at N141.75. A source confirmed to Reuters that the company is expected to release its 2015 full-year financial results […]Read More

Today, the Senate President, Dr. Abubakar Bukola Saraki received a report from Adam Smith International (ASI) on the institutional, regulatory, legislative and associated instruments affecting businesses in Nigeria. The report identifies the significance of Micro, Small and Medium Enterprises (MSMEs) to Nigeria’s economy and the need to amend, repeal or create legislation that would significantly […]