Business & Economy

Special Drawing Rights can become a powerful instrument to wipe out all the African debt. IMF can create more SDRs and issue an allocation specifically for debt payment without triggering …

Nigerians should not hesitate to volunteer information that will prevent capital flights. This is for the interest of the economy and our people. We can gather intelligence or become intelligent …

The Central Bank of Nigeria announced at the beginning of the first quarter, 2010, to keep and maintain 6 percent benchmark interest rate…

What exactly is the magnitude of our ‘offence’ if put in the proper perspective? Did Nigeria and Nigerians invent internet scamming? Did we take out a patent on it, or …

The government of Anambra State of Nigeria and Access Bank, a local financial institution, have recently launched a 2.5 Billion Naira microfinance project. This is good news…

The billions of dollars that Nigeria paid was larger than the donations the rich nations will be providing to poor countries in a period of ten years. The money paid …

It is arduous, if not a herculean task, to safeguard and revamp a currency in the era of globalism and international currency trading. The recent and precipitous declining value of …

In what would appear to be a reckless outburst of emotions, Sanusi was quoted as saying that the sacked bank executives now standing trial at the various courts in the …

Nigeria has so far achieved theoretical quantitative macroeconomic fundamentals, but a lot needs to be done particularly on stabilizing her bearish Naira currency. Although Naira is relatively stable, it is …

The hounds are unleashed on this god-forsaken and raped country again. They are laundered in their legion to prey on hapless and battered Nigerians. They have dusted their cannibalistic writs …

Now that Sanusi is wielding the big stick, how sad to see yesterday’s banking big boys and girls looking towards the sky for some indication of what tomorrow holds. On …

One will question why so many custom officers die so young. Fast money that comes out of kick backs, illegal fees, illegal levies, ripping off the Nigerian government through understated …

The palpable erosion of economic sovereignty impinges inexorably on national security. Without a sound economic foundation, any state’s security would be in jeopardy. Economic sovereignty is the power a state …

Much of Chinese growth came through trading and massive exportation. Its economy is export driven. Nigerians need to follow China in this regard. Nigerians have the potential to trade. Let’s …

Perhaps banks should not be allowed to grow so large that they cannot be allowed to fail. My recollection is that until about 2 years ago we had such regulations. …

The effort to rebrand Nigeria may appear fruitless if public trust remains in the dark corner. My home-country, Nigeria embarked on a course of liberal economic reform that was impressive …