Economy

Finally, Ambode presents 2019 budget of N852.317Bn

…Speaker challenges Ambode over N800m running cost By Olasunkanmi, Ebun Sessou & Monsuru Olowoopejo LAGOS—GOVERNOR Akinwunmi Ambode of Lagos State, yesterday, presented the much awaited proposed 2019 Appropriation Bill of N852.317 billion before members of the state House of Assembly for consideration and passage, putting to rest the face-off between the executive and the legislature  […]

Economy

FUEL SUBSIDY: Stakeholders agitate for downstream sector liberalization

By Udeme Akpan THE Federal Government has been called upon to liberalise the downstream sector of Nigeria’s oil and gas industry in order to eliminate subsidy, currently incurred in the process of massive fuel importation. Specifically, oil Marketers, under the aegis of Major Oil Marketers Association of Nigeria, MOMAN, Independent Petroleum Marketers Association of Nigeria, IPMAN, […]

Economy

What’s ahead? Our take on 2019

It’s been 10 years since the economy crawled out of the Great Recession and began expanding once again. Are we nearing the start of the next recession? While there are several factors that raise the risk of recession in 2019, it’s not the most likely scenario. Instead, a slowdown in growth—led by the United States and China—tops […]

Economy

REPS MEMBERS HAPPY WITH CBN PROJECT IN UNILAG

Members of the House of Representatives, yesterday, lauded the Central Bank of Nigeria’s (CBN) centre of excellence faculty building project in the University of Lagos. Members of the committee of Representatives  Committee on Banking & Currency made the commendation during an inspection tour of the site of the banks’ intervention project in Lagos. The N4 […]