A court ruling in one of Nigeria’s oil-producing states may cost the federal government control of a major source of tax revenue, to the detriment of the West African nation’s poorer regions. A court ruling in one of Nigeria’s oil-producing states may cost the federal...
ELATED by the 5.01 per cent leap in Gross Domestic Product in the second quarter of this year, the President, Major General Muhammadu Buhari (retd.), and his team have been in a celebratory mode, loudly crediting their exertions for the feat. With bad news cascading...
IN an ever more complex global maritime milieu, Nigeria’s seaports remain an economic hole largely because of their uncompetitive, backward, corruption-ridden operations. A fresh push by the House of Representatives Committee on Customs and Excise to untangle the...
The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has advised corps members against engaging in internet fraud, popularly known as Yahoo Yahoo. This is as he harped on integrity and dedication, saying that the harsh economic situation in...
Nigeria’s central bank selected Bitt Inc. as a technical partner to help create its digital currency by the end of the year. This development was disclosed in Abuja by the Governor of the Central Bank, Mr. Godwin Emefiele, according to a statement by the CBN Director...
Nigeria’s state governors sued the federal government for allegedly failing to share billions of dollars in confiscated funds with their administrations. The heads of the West African nation’s 36 states filed a case with the Supreme Court in March seeking an order...
SoftBank Vision Fund 2 led a $400 million funding round for OPay, valuing the Nigerian mobile-payments platform at $2 billion and marking the investment vehicle’s first bet in Africa. Also participating in the round were Sequoia Capital China, DragonBall Capital, the...
Lagos, Nigeria -- The women at the immigration counter thought I was crazy. "I still don't understand why you won't use your husband's name," one of them said, pointing to the section of a form where I had indicated my marital status. "Because it is his name, not...
In India, father of one Harishchandra Barik is having to make hard choices for his family when it comes to food. There is less meat, fish or fruit these days on the table, more eggs instead. Chickpeas and paneer, a type of local cottage cheese, have got out of reach....
Informal activity is central to the economies of most African countries. By some estimates, around 50 percent of economic output and 85 percent of employment in Africa are generated in the informal sector, mostly through agriculture and trade. It’s no surprise, then,...