Introduction With the numerous challenges that have been facing Nigeria; from Covid 19, inflation, increase in the exchange rate, debt problems, effects of the Russia-Ukraine war, increasing poverty and more. A lot of Nigerians would have been more agitated when they heard International Oil Companies (IOCs) who produce most of…
On Monday, October 25, 2021, President Muhammadu Buhari unveiled the eNaira. The President stated at the formal launch in Abuja, Federal Capital Territory (FCT), that the new initiative would help to improve the Nigerian economy and help it keep abreast with global financial trends. Several prominent financial and economic experts…
Landmark merger and acquisition transactions that occurred across the Nigerian banking industry in 2006 will go down in history as some of the board room events that have most helped to stimulate Nigeria’s economy following the deepening of financial services industry as a result of these transactions. United Bank of…
For over 20 years, the agricultural sector, one of Nigeria’s largest contributors to GDP and the largest employer of labour, remains underutilized, despite the fact that it is reportedly touted as Nigeria’s untapped route to prosperity. From a total land capacity of about 125 million hectares, Nigeria currently boasts of…
“I don’t have an account, and I can never have one till I die. My pocket and my car are secure enough for me, no matter how much I have,” an Abuja resident, Ibrahim Gombe, told Premium Times. Mr. Gombe is one of over 30 million adult Nigerians who do…
The COVID-19 pandemic has triggered a global economic disruption, the likes of which is unprecedented in recent times. And Nigeria, like many other countries, has been caught completely unprepared. This pandemic, amongst other measures, has necessitated the discontinuation of many physical gatherings, most critical of which has been the temporary…
Statistics show that at least 20,000 Nigerians travel to India every year — just to have their medical needs met. 10% of the world’s newborn deaths occur in Nigeria. 63% of the 3,000 doctors trained yearly in Nigeria end up overseas, most of them lured by the prospects of superior compensation and overall better…
At 126kWh per capita consumption, Nigeria is far behind other developing nations in terms of electricity consumption. Ghana’s per capita consumption at 314kWh is over two times that of Nigeria, and South Africa’s 3,584kWh per capita consumption is twenty-eight times higher. The challenges of the grid-based electricity transmission system in Nigeria are numerous but I…