The International Monetary Fund (IMF) has said that Nigeria’s economy will grow by 3.3% in 2024, stating also that the country’s inflation rate will drop to 26.3% this year.
According to its revised Global Economic Outlook for 2024 released on … Read the rest
President Muhammadu Buhari has only one economic management model: borrowing. This late in the life of his administration, he sees nothing wrong with putting more burden on the weak and run-down economy he will be bequeathing to the next federal … Read the rest
Come to think of it, I have spent the past 18 years campaigning for restructuring, although not along ethnic lines. My campaign has been three-fold: (1) restructuring our mentality so that we can see the errors of our ways and … Read the rest
Aliko Dangote
The business case for the construction of Dangote’s oil refinery is based on an unofficial government policy that prevents the country’s four state owned oil refineries from operating optimally. In the space of 25 years, $25b has been spent on … Read the rest
Future contracts for both the S&P 500 and the Dow industrials fell in Asia trading hours after the president tweeted that he had contracted the coronavirus.
U.S. stock futures and Asian shares fell Friday after President Donald Trump said he … Read the rest
Shoprite
When Shoprite owners announced that they were selling their stake in the Nigerian market, many of us were baffled. Initially misunderstood to mean the South African food retailer was going to close its stores in the country, the development was … Read the rest
Atiku Abubakar
On Monday, April 27, 2020, British oil and gas giant, BP, became the latest in a growing number of energy firms to declare a massive quarterly loss. Their loss was in the region of $4.4 billion dollars. Bear in mind … Read the rest