Tag: Economy

1.8 Million Graduates In Nigeria Move Into The Labour Market Yearly- Okonjo-Iweala

The Minister for Finance, Dr Ngozi Okonjo-Iweala, on Tuesday in Abuja said no fewer than 1.8 million graduates in the country move into the labour market every year. Okonjo-Iweala, who is also the Coordinating Minister for the Economy, made this known during a meeting with delegates of the Arewa Youth[Read More…]

Financial Reporting Council To Quiz Sanusi, Alade, Lemo, Moghalu, Akingbola, 10 Others

by: Collins Nweze The Financial Reporting Council of Nigeria (FRC) will Thursday question the suspended Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi; CBN Acting Governor, Dr. Sarah Alade; former CBN Deputy Governor, Operations, Tunde Lemo; CBN Deputy Governor, Operations, Dr. Kingsley Moghalu; and former Managing Director/CEO of the[Read More…]

Sanusi Overstepped The Mark, He Became A Political Activist – CBN Deputy Governor

EXCLUSIVE: The suspended whistleblower governor of the Nigeria’s central bank may have to think again if he hopes senior former colleagues will rally to his defence. Lamido Sanusi was suspended last month by the country’s president after making explosive allegations about embezzlement on a massive scale at the state oil[Read More…]

Opinion: Sanusi Lamido, Whistleblower Or Hypocrite?

The feverish disputation over the suspension of the Governor of the Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi, by President Goodluck Jonathan, dramatises a major problem of Nigerian politics. Nigerian political parties lack ideological and philosophical anchors. Without ideological and philosophical differences between the parties, Nigerian politicians skirt profound[Read More…]

“No One Can Fight Corruption For Nigerians Except Nigerians” Ngozi Okonjo Iweala

The Minister of Finance and Coordinating Minister for the Economy Dr. Ngozi Okonjo-Iweala has said Nigeria must punish offenders and build institutions if the country wants to win the war against corruption. In an interview, yesterday, on CNN’s Fareed Zakaria GPS programme, the former World Bank President said, “ No[Read More…]

Bayo Oluwasanmi: Nigeria Has Lost Sight Of It’s Social Contract

Nigeria has become a scam. It has lost sight of its social contract. The only factory that is working in Nigeria is corruption industry. We’re marching toward the end game of democracy. It’s not difficult to see how interconnected things are, the performance of our legislators at all levels of[Read More…]

Ngozi Okonjo-Iweala: Suspension Of Lamido Sanusi, Will Not Undo Nigeria’s Progress

The country’s future lies not in oil and gas but in other sectors, writes Ngozi Okonjo-Iweala. Allegations of unremitted oil revenues, and leadership changes at the central bank, have attracted a great deal of the wrong kind of attention to Nigeria. Though there was consternation in the markets following the[Read More…]

PPPRA Says The Reappearance Of Long Queues At Filling Stations Is Artificial

The Petroleum Products Pricing Regulatory Agency (PPPRA) says the reappearance of long queues at filling stations across the country is artificial and uncalled for. Mr Lanre Oladele, the PPPRA Spokesperson, told the News Agency of Nigeria (NAN) on Tuesday in Abuja that there was no basis for the scarcity currently[Read More…]

The Family Business Culture In Nigeria

By Martins Odeh, News Agency of Nigeria (NAN) By most accounts, the dawdling growth of the Nigerian economy could be partly attributed to the dying family business culture in the society. Some economic experts note that most of the family companies, which acted as a catalyst for the development of[Read More…]

Missing $20Billion: NNPC Dismiss Allegations By CBN Governor

The Nigerian National Petroleum Corporation, NNPC, has dismissed the $20 billion dollar allegation made by the CBN Governor, calling it baseless. The Acting Group General Manager Public Affairs, Dr. Omar Farouk Ibrahim said that Nigerians should not take the CBN Governor seriously since this is not the first time he[Read More…]