Exclusives

Exclusives

International tourism down 22% in Q1, could decline by 60-80% in 2020

Emelike Obinna May 08, 2020

The COVID-19 pandemic has caused a 22 percent fall in international tourist arrivals during the first quarter of 2020, the...

Exclusives

In Nigeria as petrodollars fade, the chickens come home to roost

Lolade Akinmurele May 07, 2020

A bleak future without petrodollars is something Nigeria has been warned about for years, yet the day of reckoning has...

Exclusives

Financial stress looms for DisCos as collection losses now exceed 70%

Isaac Anyaogu May 07, 2020

Electricity distribution companies (DisCos) collect an estimated 60 percent of electricity billing, according to an operational report by the regulator,...

Exclusives

IOCs’ under-reporting of gas flare cost Nigeria N521.9bn in 2019

Oladehinde Oladipo May 07, 2020

Oil companies in Nigeria are under-reporting the volume of gas they flare from oil fields to avoid paying the upgraded...

Exclusives

Banks’ deposits jump 13% in Q1 as businesses hoard cash amid pandemic

Okafor Endurance May 07, 2020

Nigeria’s big banks received a combined N16.22 trillion from customers through deposits across various account types in the first quarter...

Exclusives

Health experts outline 3 priorities for Nigeria in Covid-19 fight 

Lolade Akinmurele May 06, 2020

Health experts have recommended three priorities for the Federal Government and private sector in Nigeria’s quest to curtail the coronavirus...

Exclusives

Nigeria faces a debilitating 8% GDP slump, say economists

Olufikayo Owoeye May 06, 2020

The task facing Nigeria’s economic managers will get even more daunting after a poll of economists suggested that Africa’s largest...

Exclusives

NAICOM to issue new recapitalisation guidelines as COVID-19 hinders execution

Modestus Anaesoronye May 06, 2020

The National Insurance Commission (NAICOM) says the key pillar objectives of the ongoing insurance industry recapitalisation exercise earlier slated to...

Exclusives

Pressure mounts on Nigeria to sell cash-guzzling state-owned enterprises  

Segun Adams May 05, 2020

South Africa’s sudden resolve to sell its cash-burning state-owned firms provides key learning for Nigeria as it desperately seeks to...

Exclusives

Why Buhari's call for debt forgiveness would be a tough sell  

Lolade Akinmurele May 05, 2020

President Muhammadu Buhari’s plea to international financial institutions for an outright cancellation of Nigeria’s debt obligation to them to help...

Exclusives

Lagos, FCT residents spurn facemasks, social distancing as lockdown eases

Joshua Bassey May 05, 2020

The day-one of the gradual relaxation of the lockdown in Lagos, Abuja and Ogun State showed poor level of compliance...

Exclusives

Updated: Sokoto, Taraba, Jigawa record highest poverty rates as Nigeria's poor now 82.9m

Micheal Ani May 05, 2020

Nigeria’s poverty incidence is mainly skewed to the northern states of the country, with 19 states in the region recording...

Exclusives

Nigeria faces battle from within to keep reform promises made to IMF

Lolade Akinmurele May 04, 2020

There’s no consensus within the Nigerian government on the economic reforms the country will undertake as part of promises made...

Exclusives

Lenders to resort to salary cut as CBN, Bankers’ Committee suspend lay-offs

Hope Moses-Ashike May 04, 2020

Deposit Money Banks (DMBs) may resort to cutting down the salaries of workers as the Central Bank of Nigeria (CBN)...

Exclusives

Hurdles that will haunt implementation of Oronsaye’s report

Isaac Anyaogu May 04, 2020

The slump in crude oil prices and the consequent decline in government revenue have compelled the Federal Government to look...