Economy

Multinationals exit Nigerian operations to limit FX exposure

Multinationals are exiting Nigerian operations on the back of dollar crunch and currency woes which have dampened their appetite to invest in Africa’s most populous nation....

 Josephine Okojie | Oct 04, 2024
Economy

Five charts debunking Tinubu’s $30bn FDI claim 

There’s no trace of the $30 billion Foreign Direct Investment that Nigerian President Bola Tinubu claimed the country has attracted in the last one year of his economic reforms. ...

 Lolade Akinmurele & Wasiu Alli | Oct 02, 2024
Nigeria foot-drags to unlock N180trn assets as debt piles
Learning from China and Vietnam: The limits of Nigeria’s currency devaluation
Oluwole Crowther | Sep 30, 2024
Why CBN is losing battle to stabilise naira 
Lolade Akinmurele & Oluwatobi Ojabello | Sep 30, 2024
Banditry and oaths in the Zamfara debacle
Chido Nwakanma | Sep 27, 2024
TOP STORIES
Food Inflation
From tracks to tables: How railroads can reduce food prices in Nigeria
Rail transport accounts for less than half a percent of the transport sector’s contribution to Nigeria’s gross domestic product, according to the National Bureau of Statistics (NBS). 
Oluwole Crowther | Oct 01, 2024
Economy
Nigerian leaders revel in squandermania as citizens sink
Sixty-four years after Independence, Nigerians are perplexed by the lavish lifestyles of the political elite in contrast to the daily struggles of the majority who eat from hand to mouth.
Taofeek Oyedokun and Tony Ailemen | Oct 01, 2024
Economy
Learning from China and Vietnam: The limits of Nigeria’s currency devaluation
An industrial giant like China is highly strategic when it comes to macroeconomic decisions. China doesn’t follow trends or implement policies without assessing their long-term benefits.
Oluwole Crowther | Sep 30, 2024
Naira
Why CBN is losing battle to stabilise naira 
The Central Bank of Nigeria (CBN) appears to be losing the battle to stabilise the naira. The currency has remained just as volatile as ever, despite the apex bank’s efforts to find a lasting solution.
Lolade Akinmurele & Oluwatobi Ojabello | Sep 30, 2024
EDITOR’S PICKS
Oil and Gas
ExxonMobil's $10bn in Nigeria’s deepwater asset to unlock 180,000 bpd
The decision of ExxonMobil to invest $10 billion in deep-water oil projects in Africa’s biggest oil-producing country is expected to unlock at least 180,000 barrels per day (bpd), BusinessDay’s findings have revealed....
Dipo Oladehinde | Sep 27, 2024
Technology
Nigeria needs a 30-year transformative perspective plan – Part 1
The overall purpose of this two-part article is to make a strong case for a 30-year transformative perspective plan that will give Nigeria a quantum leap from economic doldrums to a vibrant, self-sustaining...
Paul Igbinoba  | Sep 23, 2024
Oil and Gas
Nigeria late to gas party as inertia costs Nigeria $30bn
The Nigerian National Petroleum Corporation (NNPC) has finally turned attention to Brass and Olokola Liquefied Natural Gas (LNG) projects, but years of inaction have come at a cost estimated at $30 billion....
Dipo Oladehinde | Sep 23, 2024
TODAY'S E-PAPER
RESEARCH AND INSIGHTS
The Benefits and Costs of Tinubu-nomics Reforms I.
Reforms of any kind comes with the acceptance that the existing order has become ineffectual and inefficient and needs to be rejigged for greater performance and it is this epiphany that creates......
The Journey of a Thousand Miles: Charting the Course for Nigeria DMBs.
By 2026, the Central Bank of Nigeria (CBN) has mandated a new recapitalisation requirement for Deposit Money Banks (DMB) marking a pivotal point in the annal of the nation’s financial trajectory....
Evaluating the Role of Deregulation in Petrol Pricing in Nigeria
Nigeria’s petrol pricing system has long been a topic of public discourse, shaped by government intervention through fuel subsidies, marketers’ price wittiness, and in some cases policy arbitrariness. For many decades,
Selling crude oil to refineries in naira: A double-edged sword
The recent directive by Nigeria’s President via a Federal Executive Council (FEC) resolution mandating the Nigerian National Petroleum Company (NNPC) to sell crude oil to local refineries, including the Dangote Refinery,
UHunger games and Harvesting hope: Navigating Nigeria’s food crises
...Nigeria boasts a population of over 220 million, ranking it as the sixth most populous nation globally....
NEWS
Education
5 highest paying bachelor’s degrees to pursue in 2024 — Research
Bachelor’s degrees offer strong earning potential and align with growing industry needs in 2024. These fields are relevant to the expanding technology, sustainability, and healthcare sectors
Chisom Michael | Sep 23, 2024
Naira
External reserves hit 22-month high amid naira struggles
Nigeria’s external reserves, which represent the country’s stock of foreign currency, have reached a 22-month high of $37.31 billion, reflecting significant foreign inflows into Africa’s largest economy.
Hope Moses-Ashike | Sep 23, 2024
Power
Geregu Power gains 15% as brokers trade N2.6 billion shares in two days
One of the NGX heavyweights, Geregu Power Plc posted a 15% gain in two days. Its share price moved from N1000 as of the start of trading on September 17 to close at N1150 at the close of trading on September 18
David Olujinmi | Sep 19, 2024
Equity
AMCON’s negative equity position spooks investors
The Asset Management Corporation of Nigeria (AMCON) has triggered fresh concerns in financial markets as it grapples with a deepening negative equity position of $6.2 billion
Wasiu Alli | Sep 19, 2024
OPINION
Fiscal management: A rescue mission in resetting a broken economy
Kingsley Ndubueze Ayozie
Stuck in a cycle: How Nigeria’s economic reforms and environmental crises fail its people
The Editorial Board
Governing Nigeria: Economics doesn’t trump politics; it’s naïve to think it does!
Olu Fasan
Competing for global customers—Keeping the naira stable
Mac Atasie
SOCIAL LISTENING
Happy Independence 2024?
Banditry and oaths in the Zamfara debacle
Humour and paradox are responses to the latest fuel price hike
Distrust, cynicism, anger, and frustration over the management of fuel supply and price
INTERVIEWS

Against all odds: Thomas Etuh’s triumph over adversity (3)

... Editor

Against all odds: Thomas Etuh’s triumph over adversity (2)

Editor
Against all odds: Thomas Etuh’s triumph over adversity (1)
Citi continues to connect Nigeria to the world and the world to Nigeria
How we’ve leveraged data, technology to reposition SMEs sector for more jobs, growth – Odii, DG, SMEDAN
Christopher Kolade: Leadership that prioritises national interest over self-interest will revive Nigeria’s greatness
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