Business Economy

MPC leaves monetary policy rates unchanged

Ihesiulo Grace 26 September 2017 0

At the end of its 258th meeting (fifth this year), the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) voted to maintain status quo for the seventh consecutive session by retaining the: Monetary Policy Rate (MPR) at 14.0%; Asymmetric corridor around the MPR at

Business

Double digit interest rate hurting economy, MAN tells FG

Ihesiulo Grace 21 September 2017 0

Says economy prone to perpetual decline The Manufacturers Association of Nigeria (MAN) has lamented that the current double digit interest rate is not healthy for the growth of the Nigerian economy as it would continue to pose serious challenge to economic growth and development, particularly now that the economy has just outgrown recession. Dr. Frank […]

Economy Nigeria Top Stories

Following the end of the recession, what next?

Ihesiulo Grace 12 September 2017 0

The news that the Nigerian economy had exited 5 quarters of recession came as a relief because the recession had dragged on for longer than most initially imagine. The question now is what next? In a report presented at the Franco-Nigerian Chamber of Commerce in February, geopolitical analysis organisation, SBM Intelligence, had advised that the […]

Economy News Nigeria Top Stories

End of recession elicits mixed reactions

Ihesiulo Grace 6 September 2017 Post a comment

Data released by the Nigerian Bureau of Statistics yesterday shows that Nigeria’s economy is finally out of recession. GDP growth for Q2 of 2017 was 0.55 percent, halting five quarters of negative growth. The previous two quarters had been -0.91 percent (revised) in Q1 2017 and -1.49 percent in Q2 2016. A statement from the […]

Business News Politics

Soludo commends Obiano over Anambra economy

Ihesiulo Grace 18 March 2017 0

Fomer governor of Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo, has commended the prudent and expertise management of the economy of Anambra state. Delivering a lecture to mark the third anniversary of Governor Willie Obiano’s administration in Awka on Friday, Soludo, rated the state’s economy as the fourth biggest in the country. He said […]

Opinion

The French Invasion of Nigeria by Proxy

Ihesiulo Grace 21 February 2017 0

Nigeria has indeed seen tough times, tough times that have lasted over six years, with accompanying wanton destruction of lives and properties running into billions of naira. While it is argued in some quarters that the Boko Haram crisis has some international sponsors, I nonetheless think there is more than just foreign sponsorship of the […]

Business News

FG to auction N142 billion treasury bills – CBN

Ihesiulo Grace 9 February 2017 0

The federal government hopes to raise about N142.43 billion (about $453.60 million) from the issuance of short-term treasury bills to be auctioned on February 15, the Central Bank of Nigeria, CBN, said on Tuesday. The auction is expected to raise about N32.43 billion in three-month debt, N30 billion in six-month bills and N80 billion in […]

Politics Top Stories

The Need to reboot the economy- Aregbesola

Ihesiulo Grace 25 October 2016 0

In his speech titled: “Breaking the cycle of dependence” at the public presentation of The Point and the newspaper’s first annual independence lecture on the economy, organised by Right Dev Limited in Lagos, Osun State Governor Rauf Aregbesola traces the prevailing economic crisis to the early 80s. He prescribes the pills for remedial treatment temporary […]

Business Economy Interviews

Economy without buffers will experience shocks -Don

Ihesiulo Grace 20 June 2016 0

A Senior Lecturer & Coordinator of Postgraduate Programme, with the Department of Economics & Development Studies, in Covenant University, Ota, Ogun State, Nigeria. Ph.D Holder, Evans Osabuohien in this brief chat with Daily Times Correspondent Afolabi Adesola discusses trending economic issues and suggests way out of impending economic recession. Considering the

Features Top Stories

Economy Is Responsible for Child Street Hawking – Street Hawker

Ihesiulo Grace 10 May 2015 0

In spite of the International Child Rights Law of which Nigeria is a signatory, and constant campaigns against child abuse by some State Governments, child street hawking persists nationally.  RUTH IJERE talked to some of the children in Lagos and reports.   Everywhere you go in cities, towns and some villages, child street hawking is […]

Business Economy

Nigerian Brewers Striding Confidently in an Unstable Economy

Ihesiulo Grace 7 May 2015 0

The Nigerian Economic landscape has witnessed unprecedented headwinds in recent times. However, the brewery Industry seems to be doing well amidst these economic avalanches.     No doubt the uncertainty in the economy occasioned by the age of global oil glut and falling prices, has created a sense of panic and caution in the economies […]

Opinion

The End of the Beginning?

Ihesiulo Grace 2 April 2015 0

Legendary British Prime Minister Sir Winston Churchill carried his nation on his shoulders at the lowest point in their history during the Battle of Britain. He achieved this feat by the sheer power of his oratory, stirring the hearts and minds of his people to patriotism when the all-conquering German Third Reich Armies swept across […]

Opinion

The Troubling Gun Violence in South Africa

Ihesiulo Grace 28 March 2015 0

Nigeria is called the giant of Africa. But is Nigeria truly the giant of Africa? Perhaps, Nigeria is the potential giant of Africa with clay feet and spindly legs. We have the potentialities to make Nigeria the greatest and biggest economy in Africa; but clueless, visionless, inept, and corrupt leadership has continued to hinder our […]