A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
When the Presidential candidate of the All Progressives Congress, APC, President Muhammadu Buhari declared interest to re-run and take Nigeria to the next level, critics and denigrators wrote to condemn his second term bid.
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The cost to the economy of the postponement of the election is horrendous. The economy was on partial shutdown the day before and total shut down on Saturday for the elections that did not hold
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If analysts’ projections are anything to go by, activity and yields in the fixed income market would remain in fluctuation through 2019, though uptrend may be short lived.
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AS part of measures to move the economy forward, the Minister of Finance, Mrs. Zainab Ahmed, has called for a coordinated green climate finance platform.
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The National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has attacked the former Governor of Anambra state and Vice Presidential candidate of the Peoples Democratic Party, PDP, Peter Obi, saying the PDP’s VP candidate is only vast in creating what he described as “container economy.”
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A former Director- General, West African Institute of Financial and Economic Management, Prof Akpan Ekpo, has said that Nigeria’s economy needs urgent structural transformation.
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IT is not just in politics that seven days can become a long time. Even in national economies, seven days can alter the fate of a nation for a long time to come. Most oil-producing nations of the world experienced the most rapid surge, in percentage terms within the first week after the Yom Kippur War between Arab countries and Israel in 1973. Suddenly, crude oil which fetched thirty cents a barrel skyrocketed to $3 (1000%), $4 (1333%) and $5 (1667%) on account of drastic supply reduction imposed by the Arab countries. Nigeria earned more oil revenue in a week than the aggregate revenue of oil and non-oil exports in the previous year. So sudden was the bonanza Gowon’s government did not know what to do with it. What they eventually did is still affecting our economy till today.
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Bayer Middle Africa Nigeria Limited, a global brand in the health care and agriculture sector recently unveiled its new ultra modern head office in the Ikeja area of Lagos, as a mark of its long-term commitment to Nigeria, clients and all stakeholders.
Read More FOR almost twenty years General Motors, GM, was the largest company, not only in America, but in the entire world. GM sat on top of the Fortune 500 companies for so long during which there was “no vacancy” at the top. All the other contestants were vying only for second place. Today GM is no longer the company presidents fear to offend. Others have taken the coveted top spot.
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AS at the dawn of the current millennium, if there was any prediction that Nigeria will become the poverty capital of the world in less than 20 years away, such prediction would have been dismissed as arrant nonsense. That is obviously because, according to statistics, Nigeria’s poverty rate was on the decline during the transition from the last millennium to the current. Presenting a report by the National Bureau of Statistics, last year, the head of the NBS bureau, Yemi Kale said: “Despite the fact that the Nigerian economy is growing, the proportion of Nigerians living in poverty is increasing every year, although it declined between 1985 and 1992, and between 1996 and 2004.”
Read MoreOne of the easiest ways of developing any economy is to develop SMEs because of its roles especially on developing economies of Africa. Developed economies of the world never reluctant in promoting SMEs, with the understanding that SMEs create jobs in an economic system and reduces unemployment insecurity.
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The Manufacturers Association of Nigeria, MAN, has expressed fears that worse fate awaits the economy on the heels of a likely late passage of the 2019 budget. They also projected that developments in the global economy, especially in the area of interest rates and tightening commodity markets, would likely contract investment inflow to the country.
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HORACE, 65-8 BC. VANGUARD BOOK OF QUOTATIONS, VBQ, p 61. That the people perish for lack of good leadership has been one of the abiding verdicts of history. The Nigerian situation today is proving Horace right. In the last three months, I have found myself in several states, east, north, south and west – Sokoto, Kebbi, Zamfara, Kogi, Abia, Akwa Ibom, Kaduna, Niger, Ed,. Imo, Kwara, Oyo, Ogun, and of course Lagos. There is a common thread linking all of us in this country today.
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By Arize Nwobu ECONOMY is the lifeblood of a people and has been simply defined as ‘’the careful use of money, resources and means of production, the system of how money is made and used within a particular country or region.’’ Parameters for economic development include Gross National Product, GNP, per capita, occupational structure of
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