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Category: Business and Economy

Obasanjo faults Tinubu’s naira devaluation, says Nigerians impoverished by 300%
Business and Economy

Obasanjo faults Tinubu’s naira devaluation, says Nigerians impoverished by 300%

Isaac Samuel Former President Olusegun Obasanjo has criticised President Bola Tinubu’s economic reforms, saying the sharp devaluation of the naira has worsened poverty and eroded Nigerians’ purchasing power. Obasanjo, who…

Tinubu may announce fuel tax on inauguration day if re-elected – ADC
Business and Economy

Tinubu may announce fuel tax on inauguration day if re-elected – ADC

***warns petrol prices could hit N1,522.50 per litre, Isaac Samuel The African Democratic Congress (ADC) has alleged that President Bola Tinubu may announce the implementation of a five per cent…

International Comparisons in Economic Management: A Case Against Shettima’s Criticism of Peter Obi
Business and Economy

International Comparisons in Economic Management: A Case Against Shettima’s Criticism of Peter Obi

By Professor Emmanuel Onwioduokit The central economic question is not whether Nigeria should compare itself with other countries, but whether such comparisons are being used intelligently to identify policy failures,…

IMF warns Tinubu govt against petrol subsidy restoration ahead of 2027 polls
Business and Economy

IMF warns Tinubu govt against petrol subsidy restoration ahead of 2027 polls

Isaac Samuel The International Monetary Fund (IMF) has cautioned the Federal Government against restoring a blanket petrol subsidy, recommending targeted assistance for vulnerable Nigerians to cushion the impact of rising…

Funding MSMEs: the loan that did more than fund a business
Business and Economy

Funding MSMEs: the loan that did more than fund a business

By Azubuike Nwosu The morning sun always meet Chima Chuks in the same way: choked in a cloud of cement dust and surrounded by a crowd of frustrated customers. From…

Atiku to Tinubu: You copied my subsidy idea woefully
Business and Economy

Atiku to Tinubu: You copied my subsidy idea woefully

By Isaac Samuel Former Vice-President Atiku Abubakar has demanded an apology from President Bola Tinubu for previously dismissing his proposal for a targeted production subsidy. He accused the Federal Government…

30-day fuel discount: Atiku accuses Tinubu of election gimmick
Business and Economy

30-day fuel discount: Atiku accuses Tinubu of election gimmick

Isaac Samuel Former Vice President and presidential candidate of the African Democratic Congress, Atiku Abubakar, has accused the President Bola Tinubu administration of using the newly announced 30-day petrol discount…

FG proposes N1,350 ceiling for petrol landing cost
Business and Economy

FG proposes N1,350 ceiling for petrol landing cost

Isaac Samuel The Federal Government has proposed a N1,350 per litre ceiling on the ex-gantry or landing cost of petrol as part of a new price-modulation mechanism aimed at cushioning…

Atiku tackles Tinubu’s Independence Day speech, says Nigerians can barely afford to live
Business and Economy

Atiku tackles Tinubu’s Independence Day speech, says Nigerians can barely afford to live

Isaac Samuel Former Vice President and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has faulted President Bola Tinubu’s Independence Day address, rejecting the President’s declaration that Nigeria…

Fiscal and Monetary Policies Alignment: Too Late, Little Relief for Nigerian Economy
Business and Economy

Fiscal and Monetary Policies Alignment: Too Late, Little Relief for Nigerian Economy

By Marcel Okeke To the informed players and watchers of the Nigerian economy, dissonance between the monetary and fiscal policies has been one of the root causes of the country’s…

Wavy Fuel Prices and Deepening Cost-of-Living Crises in Nigeria
Business and Economy

Wavy Fuel Prices and Deepening Cost-of-Living Crises in Nigeria

By Marcel Okeke The continuous wavy movement of the price of Premium Motor Spirit (PMS) has come to be one of the most disrupting and distorting trends in the three-year…

Tinubu: Time to Stop Showcasing Economic Statistics and Face Dire Reality
Business and Economy

Tinubu: Time to Stop Showcasing Economic Statistics and Face Dire Reality

By Marcel Okeke This piece is prompted by a press release issued by President Bola Ahmed Tinubu’s spokesperson, Bayo Onanuga, on behalf of the federal ministry of finance, in which…

N10m Akara Business: If Only Umo Eno was Veekee James
Business and Economy

N10m Akara Business: If Only Umo Eno was Veekee James

By Aniebet James Governor Umo Eno’s claim that his akara business used to generate N10 million monthly has kept the media space buzzing with opinions. But if we look at…

Deconstructing Economy Stabilization as President Tinubu’s Flagship Achievement
Business and Economy

Deconstructing Economy Stabilization as President Tinubu’s Flagship Achievement

By Marcel Okeke For quite some time now, there appears to be unanimity of opinions that reforms by the Federal Government of Nigeria (FGN) have resulted in the stabilization of…

The Three Musketeers and the Lone Ranger: The two greatest African families
Business and Economy

The Three Musketeers and the Lone Ranger: The two greatest African families

By Senator Ben Murray-Bruce There is a scene I return to more often than I should. Gilbert’s house in Beverly Hills. One of those evenings where the guest list is…

Eko Atlantic, Dangote Refinery and Chike-Obi’s new theory
Business and Economy

Eko Atlantic, Dangote Refinery and Chike-Obi’s new theory

By ETIM ETIM When we were in secondary school, Prof. Chike Edozien Obi was a renowned mathematician, reputed to be the first Nigerian to hold a doctorate in mathematics. Awarded…

CBN survey exposes failure of Tinubu’s economic policies – Atiku
Business and Economy

CBN survey exposes failure of Tinubu’s economic policies – Atiku

Isaac Samuel Former Vice President and Presidential Candidate of the African Democratic Congress (ADC), Atiku Abubakar, has described the latest Central Bank of Nigeria (CBN) Household Expectations Survey as a…

Nigerian Economy, ‘Injury Time’ and Buck Passing
Business and Economy

Nigerian Economy, ‘Injury Time’ and Buck Passing

By Marcel Okeke Barely six months to Nigeria’s 2027 general elections, and a few days to the commencement of campaigns, the Federal Government of Nigeria (FGN) and its economic policymakers…

Stock market rebound is a sign of growth, says Tinubu
Business and Economy

Stock market rebound is a sign of growth, says Tinubu

President Bola Ahmed Tinubu, on Thursday in Abuja, said growing positive reviews of the economy by experts and favourable economic indicators signal a brighter future for all Nigerians.   The…

Nigerian Economy: Undergoing Quick Patches or 2027 Manifesto Packaging?
Business and Economy

Nigerian Economy: Undergoing Quick Patches or 2027 Manifesto Packaging?

By Marcel Okeke To core economists and related professionals, the Nigerian economy at present, can be said to be undergoing quick patches; with a lot of the Federal Government’s efforts…

Dangote Refinery’s upcoming initial public offering (IPO)
Business and Economy

Dangote Refinery’s upcoming initial public offering (IPO)

By ETIM ETIM The most highly anticipated public offer in Nigeria’s capital market this year is the forthcoming IPO of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) expected to open…

Memo to the Committee on Review of Nigeria’s Economic Reforms
Business and Economy

Memo to the Committee on Review of Nigeria’s Economic Reforms

By Marcel Okeke Barely ten months to the end of the 48-month first-term tenure of the President Bola Ahmed Tinubu administration, the Government on Tuesday, July 14, 2026 set up…

Tinubu signs Executive Order on Virtual Assets, establishes body to harmonize digital economy 
Business and Economy

Tinubu signs Executive Order on Virtual Assets, establishes body to harmonize digital economy 

President Bola Ahmed Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, to harmonise the regulation of virtual assets, strengthen cooperation among the nation’s financial, revenue and…

The Nigerian Exchange (NGX): Is the ‘Bubble’ About to Burst?
Business and Economy

The Nigerian Exchange (NGX): Is the ‘Bubble’ About to Burst?

By: Marcel Okeke The significant drop in foreign participation on the Nigerian Exchange Limited (NGX) in the last couple of months in the first half 2026 rightly prompts the question…

Nigerian Economy 2026: A Mid-Term Review and Commentary
Business and Economy

Nigerian Economy 2026: A Mid-Term Review and Commentary

By Marcel Okeke All of a ‘sudden’, the first six months of year 2026 is gone, marked by the good, the bad, and the ugly. With respect to the Nigerian…

Price Control or Forced Prices: Government’s ‘War’ Against Cement Manufacturers
Business and Economy

Price Control or Forced Prices: Government’s ‘War’ Against Cement Manufacturers

By Marcel Okeke The Federal Government of Nigeria (FGN’s) anti-private-sector operations came to a climax recently when the Minister of Works, David Umahi, told cement manufacturers in the country that…

Economic Reforms: Time to Move from Celebrating Statistics to Gauging Impact
Business and Economy

Economic Reforms: Time to Move from Celebrating Statistics to Gauging Impact

By Marcel Okeke These days, the media space in Nigeria is saturated with economic statistics showing that the country has literally arrived at its Eldorado, economically. Surprisingly, the figures being…

Chibok girls and Ogbomosho students: a tale of two abductions
Business and EconomySecurity

Chibok girls and Ogbomosho students: a tale of two abductions

By ETIM ETIM In the night of June 14, or probably early in the morning of April 15, 2014, Boko Haram terrorists invaded Government Girls Secondary School, Chibok, Borno State…

The Pros and Cons of Nigeria’s $10bn Surge in Capital Importation
Business and Economy

The Pros and Cons of Nigeria’s $10bn Surge in Capital Importation

By Marcel Okeke In the past couple of days, Nigeria’s news media have been inundated with a story saying that capital importation into Nigeria in the first quarter 2026 stood…

Are Nigeria’s Economic Reforms Building Stock Market Bubble?
Business and Economy

Are Nigeria’s Economic Reforms Building Stock Market Bubble?

By Marcel Okeke In the past couple of years, as Nigeria’s economic reforms have kept toughening the investment climate, most discerning investors have taken a ‘flight to safety’. This, they…

Nigeria: A Return to Post-Fuel Subsidy Removal Contingencies and Palliatives?
Business and Economy

Nigeria: A Return to Post-Fuel Subsidy Removal Contingencies and Palliatives?

By Marcel Okeke Today, it is obvious that the state of the Nigerian economy is, in almost all respects, the same as the immediate post-fuel subsidy removal time in the…

50-year concession for Ibom Deep Sea Port investor
Business and Economy

50-year concession for Ibom Deep Sea Port investor

By ETIM ETIM The core investor of Ibom Deep Sea Port, Bollore Consortium, will operate the port for 50 years to recoup its investment, according to the approval granted by…

Is Nigeria a Pariah Economy to Foreign Investors?
Business and Economy

Is Nigeria a Pariah Economy to Foreign Investors?

By Marcel Okeke The above headline is necessitated by the continuing diminishing foreign direct investments (FDIs) inflow into Nigeria in the past couple of years, in spite of the ‘booming’…

Soaring Petrol Prices as Nigerian Economy’s Death Knell
Business and Economy

Soaring Petrol Prices as Nigerian Economy’s Death Knell

By Marcel Okeke Within a space of three weeks, the price of Premium Motor Spirit (PMS) or petrol has almost doubled; rising from below N800 per liter (at the pump)…

Iran war and the economics of fuel costs
Business and Economy

Iran war and the economics of fuel costs

By ETIM ETIM We are now in the third week of the war in the Middle East, and the Nigerian economy is in trouble once again. Petrol prices are up…

Nigeria’s 2026 Economic Outlook: Back to the Drawing Board
Business and Economy

Nigeria’s 2026 Economic Outlook: Back to the Drawing Board

By Marcel Okeke The palpable optimism that hallmarked practically all the analyses and projections about Nigeria’s economic outlook for this year has effectively been shattered by developments in the local…

National Assets’ Sale: Another of Nigeria’s Deferred Hope Agenda?
Business and Economy

National Assets’ Sale: Another of Nigeria’s Deferred Hope Agenda?

By Marcel Okeke For the umpteenth time, successive governments in Nigeria, including the sitting Bola Ahmed Tinubu administration, have flaunted proposals to sale some of the nation’s ‘rotting’ assets in…

Nigerian Economy: After Stabilization, Whither the Path to Development?
Business and Economy

Nigerian Economy: After Stabilization, Whither the Path to Development?

By Marcel Okeke Claims about the stabilization of the Nigerian economy have been made ad nauseam (to an excessive degree) since mid-2025; meaning that hitherto, it had remained fragile and…

We are targeting $5Billion trade volume with Nigeria- President Erdogan
Business and Economy

We are targeting $5Billion trade volume with Nigeria- President Erdogan

President Recep Tayyip Erdogan of the Republic of Türkiye, on Tuesday in Ankara, said his country targets a $5 billion trade volume with Nigeria, adding that discussions to actualise this…

WEF 2026: Lingering Investment Draught and ‘Nigeria House’ in Davos, Switzerland
Business and Economy

WEF 2026: Lingering Investment Draught and ‘Nigeria House’ in Davos, Switzerland

By Marcel Okeke The Federal Government has announced the establishment of ‘Nigeria House’ in Davos during the 56th Annual Meeting of the World Economic Forum (WEF) 2026, scheduled to take…

New World Economic Order: Headwinds for Nigeria in 2026 and Beyond
Business and Economy

New World Economic Order: Headwinds for Nigeria in 2026 and Beyond

By Marcel Okeke These are really uncertain times for all nations of the world; the emergence of Mr. Donald J. Trump as the 47th President of the United States of…

Nigeria’s 2026 Economic Outlook: So Foggy, So Cloudy, So Uncertain
Business and Economy

Nigeria’s 2026 Economic Outlook: So Foggy, So Cloudy, So Uncertain

By Marcel Okeke One of the crucial steps in strategic planning is an assessment of the current situation: to know exactly where you are; and take proper note of what…

Nigeria’s 2026 Budget: Another Ritual or Economic Plan?
Business and EconomyOpinion

Nigeria’s 2026 Budget: Another Ritual or Economic Plan?

By Marcel Okeke When, on Friday, December 19, 2025—twelve days to end of the year—President Bola Ahmed Tinubu presented the 2026 Appropriation Bill to a joint session of the National…

Why Strong Nigeria–U.S. Relations Matter
Business and Economy

Why Strong Nigeria–U.S. Relations Matter

By Tony Elumelu The relationship between Nigeria and the United States has long been defined by friendship, shared values, economic ties, and deep connections. As an entrepreneur, my role models…

2026 Budget Speech: “Budget of Consolidation, Renewed Resilience and shared Prosperity”
Business and Economy

2026 Budget Speech: “Budget of Consolidation, Renewed Resilience and shared Prosperity”

Presented by: His Excellency, Asiwaju Bola Ahmed Tinubu, GCFR President, Federal Republic of Nigeria, At the Joint Session of the National Assembly, Abuja, Friday, 19 December 2025 PROTOCOLS o Distinguished…

Can Aliko Dangote win this battle?
Business and Economy

Can Aliko Dangote win this battle?

By ETIM ETIM Aliko Dangote likes to tell us that he’s been fighting battles all his life and that his wealth is a product of the victories he’s recorded in…

A refinery and an airline: Nigeria’s bold statement on global business
Business and Economy

A refinery and an airline: Nigeria’s bold statement on global business

By Jerome Okolo If Allen Ifechukwu Onyema hadn’t pulled out a nice bottle of Veuve Clicquot Brut Rosé at his home (that’s the actual bottle in the photo) the other…

Halal Economy: No cause for alarm
Business and Economy

Halal Economy: No cause for alarm

By Celestine Mel It is a pity once more, that this intervention seeks to wrestle with a ghost; a long, brooding echo of fear masquerading as civic concern. The essay…

Hot money vs hard investment: Nigeria’s capital flow crossroads
Business and Economy

Hot money vs hard investment: Nigeria’s capital flow crossroads

By Nathan Olaníyì Nigeria’s foreign inflows are rising, but most of the money is chasing yields, not building factories or infrastructure. Without patient capital, growth risks becoming fragile. Nigeria’s economy…

Buhari gov’t printed N22.7 trillion, practiced ‘voodoo’ economics – Dogara
Business and Economy

Buhari gov’t printed N22.7 trillion, practiced ‘voodoo’ economics – Dogara

Isaac Samuel Former Speaker of the House of Representatives, Yakubu Dogara, has attributed the decline of the value of naira to economic policies of the previous administration, which he said…

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