Economy

Access Bank, GTB Fined N96 Million For Illegal Charges, Other Violations

April 9, 2018

Two Nigerian banks, Access Bank and Guaranty Trust Bank have been fined for violating various regulations put in place by the country’s Apex bank, the central bank of Nigeria. The two banks reportedly paid a combined N96 million in fines an analysis of the Banks’ financial statements for December 2017 reveal. Violation of Bank Charges, […]

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Petrol Subsidy Hits N1.4 Trillion, Says Kachikwu

April 6, 2018

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that subsidy on Premium Motor Spirit (PMS), otherwise known as petrol, currently stands at N1.4 trillion. Kachikwu, who spoke yesterday at workshop on Liquefied Petroleum Gas (LPG), a commodity government is targeting to ease pressure on petrol, said the Federal Government would in the […]

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Presidency To Nigerians: Count Your Blessings Under Buhari

April 4, 2018

The Presidency on Wednesday asked Nigerians to count the blessings brought to the economy by President Muhammadu Buhari’s administration. The Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, said in a statement that this was “irrespective of the other areas where the government is still working hard to ensure that […]

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Atiku Reacts After Bill Gates Criticised Buhari’s Economic Policy

March 23, 2018

Former Vice President, Atiku Abubakar, has lauded Microsoft founder, Bill Gates, for sincerely criticising the Economic and Recovery Growth Plan (ERGP) of the Muhammadu Buhari government. At the National Economic Council on Investment in Human Capital that held at the Presidential Villa in Abuja, Mr Gates had said the ERGP being implemented by the Federal […]

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Elements Of Successful Nation, By Farooq Kperogi

March 22, 2018

Every modern, successful nation must have five core elements: (1) economic justice so that even the weakest and the most vulnerable stratum of the society can live, not just survive (2) social justice so that accidents of birth, geography, and religious beliefs aren’t permanent barriers to the prospects of upward social and economic mobility (3) […]

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Buhari’s economic blueprint does not address Nigerians’ needs — Bill Gates

March 22, 2018

The present economic templates being used by the Muhammadu Buhari government do not have the ability to address the unique needs of Nigerians at present, American business magnate, Bill Gates, has said. The philanthropist and founder of Microsoft corporation however said Nigeria has the ability to approach ‘upper middle-income status’ like Brazil, China and Mexico, […]

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