The Economist Nigeria

Engendering development by moulding opinions and building consensus in the national and global economic discourse.

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Thursday, 25 April 2013

Nigeria not likely to achieve Vision 2020 - Usman Shamsudeen

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Minister of National Planning, Dr. Shamsudeen Usman The Minister of National Planning, Dr. Shamsudeen Usman, has expressed fear that ...

FG blames power Problem on Military rule

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Minister of National Planning, Usman Shamsudeen The Federal Government, yesterday, shifted blames for the problem of power in the count...

EFCC to probe N16.4bn ALSCON asset loss

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EFCC Chairman, Ibrahim Lamorde The controversy surrounding the management of the Aluminium Smelter Company of Nigeria has assumed a di...

FG seeks N921.4bn to complete 195 road projects

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Minister of Works, Mr. Mike Onolememen The Federal Government is currently shopping for about N921.4bn to complete 195 ongoing road p...

Foreign Consortium Plans $100 BILLION Investment in key sectors of the Nigerian economy

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The investment drive of the Federal Government has received a boost as a team of foreign investors has indicated their intention to inves...
Wednesday, 24 April 2013

Many forces are working against PHCN privatisation - Dagogo Jack

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Dagogo Jack, Chairman, PTFP The Chairman, Presidential Task Force on Power(PTFP), Dagogo Jack, has alleged that beneficiaries of the pu...

Africa’s stock markets should unite to attract investors - Newton-King

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Nicky Newton-King, CEO, JSE Africa’s 24 stock markets should cooperate if they are to seize high levels of investor interest, Nicky New...

MasterCard records $605m profit

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MasterCard Incorporated posted fourth quarter profit that beat analysts’estimates as customers made more purchases. Net income excluding ...

Credit to private sector drops to N15.2trillion on rising bond yields

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Bismark Rewane, MD/CEO, Financial Derivatives Credit to the private sector dropped by 8.1 per cent to N15.2 trillion last month, from n...

Nigerian tax to GDP ratio of 7% not acceptable, says Okonjo-Iweala

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The Coordinating Minister for Nigeria’s Economy, Dr Ngozi okonjo-Iweala says the nation’s tax to Gross Domestic Product (GDP) ratio of 7 ...

Man United set to sign sponsorship deal worth $559 million with General Motors

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Manchester United are expanding their marketing activities in the United States to cash in on the interest generated by a new deal for NB...

Aig-Imoukhuede may replace Sanusi as next CBN Governor

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SaharaReporters has learned from sources close to President Goodluck Jonathan that Aigboje I. Aig-Imoukhuede, the controversial head of Ac...

Economic reforms boost investor confidence in the Nigerian economy

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Nigerian firms are becoming too big to ignore as recent economic reforms being undertaken in the country are boosting investor confidence...

Clouds darken over global outlook

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Story Highlights Eurozone factory activity slows to four-month low in April in key business survey Markit purchasing managers' index ...

Nigeria’s imports from Asia hit N2.3trn

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The worth of goods imported into Nigeria from Asia in 2012 is estimated to have hit N2.3 trillion, according to a report released by the ...

Markets Are Rallying Around The World After Huge Day In Japan

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Yep, it's really starting to look like the bull market is back. Last week markets were going really wobbly, and everyone was talking...

Nigerian Private Jet owners to pay luxury tax

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The Federal Government is planning to impose a form of luxury tax on owners and operators of private jets in the country, top officials o...

Amended Pension Bill to accommodate police, paramilitaries

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The Pension Reform Bill when amended and passed into law would address some or all of the challenges earlier expressed by the Nigeria Pol...

Nigerians spent N334.34bn on petrol in Q1 —Report

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Nigerians may have spent about N344.34bn on petrol in the first quarter of this year going by consumption figures supplied by the Petrole...

17 Nigerian banks in $3bn loan syndication for MTN

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MTN Nigeria on Tuesday obtained a medium-term loan facility of N470 billion ($3bn) from a consortium of 17 local and seven foreign banks....
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