The momentous discovery of oil in commercial quantity at Oloibiri in Bayelsa State in 1956, apart from the attendant political effect has had a dual impact on the economic fortunes of Nigeria. On the positive side, the discovery of oil was a boost to…
BOOSTING ECONOMIC DEVELOPMENT THROUGH TRADE EXHIBITIONByGOZIE IROGBOLIThe contemporary business environment is dynamic. Developments in Information Technology have turned the world into a global village. With constant changes, new realities and chall…
Human migration is as old as human history. In the distant past, it is the result of the desire to move away from areas of crisis and natural disaster to regions of safety in search of life sustenance. Sometimes, it is the result of sheer adventurism…
The Rebuild Nigeria Initiative (RNI) is set to hold its first International Peace Dialogue in Antwerp, Belgium. In a statement by the Group’s Vice President, Collins Nweke, the International Peace Dialogue for Nigeria will hold on Tuesday, 13 Decembe…
The release of the Nigeria's new naira denominations was originally scheduled for mid-December, but the CBN governor said Buhari had graciously accepted to unveil them ahead of time.The CBN governor, Emefiele, while addressing journalists at the end…
Nigeria economy is in recession and many reasons have been advanced for the perilous state of the nation. We have heard of ‘corruption’ as the cause, except that our ordinary level economics class taught us that recession is a factor of drop in produ…
Sequel to the just concluded extraordinary meeting held in Washington DC on Nov. 2nd 2022 between the United States Federal Reserve Bank, Office of the Comptroller of Currency, IMF, World-Bank and Governors of Africa's Central Banks, the United State…
Good afternoon Ladies and Gentlemen, and welcome to this special press briefing of the Bank. We have called this gathering to inform relevant stakeholders and the general public of persisting concerns we are facing with the management of our current…
The Central Bank of Nigeria governor, Godwin Emefiele just announced that the following notes have been redesigned. They are N200, N500 and N1000 notes.Cash exchange will start on the 15th of December and will end one month after.Though cash exchange…
According to experts, It takes twelve days to fill up a three million tanker vessel with crude oil. At $100 per barrel, it will transport $300m worth of crude per trip. Interestingly, at an official rate of #420, it's worth #125bn and the Nigeria oil…
A great rebalancing between governments and central banks is underway.For months, there has been turmoil in financial markets and growing evidence of stress in the world economy. You might think that these are just the normal signs of a bear market a…
It is often said that a man who refuses to call his child to order but punishes his servants for the loss of meats in his wife's pot of soup reaps tears at the end.Such is the tale of Nigeria's naira depreciation. While we continued in the blame game…
More than 75 per cent of filling stations across the country are currently out of business due to their inability to purchase diesel required to power their tankers and transport Premium Motor Spirit, popularly called petrol, to their various outlets…
