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Economy
Economists call for alternative to the Ease of Doing Business Report
The recent World Bank’s decision to cancel the Ease of Doing Business Report over irregularities has started to generate reactions among Nigerian stakeholders.
To this end, some Nigerian…
Nigeria raises $4bn Eurobond as foreign investors oversubscribe four times
After an intensive two days of virtual meetings with investors across the globe, Nigeria has raised the sum of $4 billion through Eurobonds, with investors demanding more than four times the…
One-in-five Nigerians lost their jobs to COVID in 2020 – report
Not less than 20 percent of the full-time workforce in Nigeria lost their jobs to COVID-19 pandemic in 2020, United Nations Development Programme (UNDP) report reveals.
Despite the…
Nigeria’s weak economy biting harder on weary citizens
Fresh data from the National Bureau of Statistics (NBS) that one out of five Nigerians lost their jobs in 2020 due to the COVID-19 pandemic adds to the picture of the relentless misery in…
Report reveals Nigerians paying multiple taxes
A new report by SBM Intelligence, a Lagos-based geopolitical risk analysis has confirmed that Nigerians are paying multiple taxes.
Multiple taxations occur when various unlawful…
Nigeria unemployment could hit 40% by year-end
Nigeria’s unemployment rate is projected to increase to 40 percent by the end of 2021, according to Doyin Salami, chairman of the Presidential Economic Advisory Council (PEAC).
This…
International financial centre laudable but macro indicators worrying
It will take more than setting up an international financial centre for Nigeria to position Africa's largest economy as an investment hub and attract badly-needed foreign investments,…
Ondo industrial park to employ 120,000 youths – MD
Managing director of the Ore Industrial Park, Ondo State, Femi Akinkuebi, has said that about 120,000 youths would be employed at the park which is also expected to boost wealth creation in…
Reverse brain drain: Lessons for Nigeria from Taiwan
Nigeria is not the only country that has had to struggle with losing its best brains to more developed countries, Taiwan’s strategy holds some lessons on how Nigeria can reverse its brain…
Nigeria’s curious case of rising debt profile amid worsening poverty
Since 2015 when the Muhammadu Buhari administration came to power, Nigeria's debt stock has been on the upward trajectory. Within this period, however, Nigeria has won the unenviable trophy…