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Economic Intelligence Unit

Misery Index: Nigeria not a miserable country

In a report titled: “The Misery Index 2018,” authored by Dr. Steve Hanke of the Johns Hopkins University in Baltimore, Maryland, Nigerians have been labelled the sixth most miserable people in the world. The misery index was introduced in the 1970s by Arthur Okun, an American economist, author of the seminal work, Equality and Efficiency: The Big Trade Off (1975).

Central bank to auction N908 billion treasury bills in Q1

The Central Bank of Nigeria (CBN) yesterday released its Treasury Bills Issuance Programme for the first quarter of 2019.

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN) has sustained its intervention in the Inter-Bank Foreign Exchange Market by injecting 210 million dollars into the various segments of the market.

CBN vows to clamp down on businesses, banks that abuse Forex on 42 restricted...

The Central Bank of Nigeria (CBN) on Monday vowed to clamp down on individuals and businesses engaging in clandestine activities to frustrate the restriction of foreign exchange on the importation of 41 items into the country.

Losing sleep over The Economist, other predictions

It matters a lot to our politicians what the foreign press or agencies say about them, especially about their electoral chances. If foreigners, particularly those in London or New York, say something nice, our politicians take it to heart and repost as far and wide as they can. If not, they get mad.

Recent Stories

NIMMME: How Nigeria can generate $292 billion with Iron Ore, lead reserves

The Nigerian Institution of Metallurgical Mining and Materials Engineers (NIMMME) has said with available reserves of Iron Ore and lead, asides other resources, the nation can generate $292 billion.
Nigeria can become a stronger and more prosperous nation if states have more powers, according to Vice President Yemi Osinbajo, SAN.

VP Osinbajo: Federal government cooperating with ICC on Northeast insurgency

The Federal Government is cooperating with the International Criminal Court on the preliminary examination into issues related to insurgency in the North-East, Vice President Yemi Osinbajo said on Monday.
Godwin Obaseki

Governor Obaseki fires all political appointees in local councils

Governor Godwin Obaseki of Edo State has sacked all local government political appointees – Special Advisers, Senior Special Assistants, Secretary to Local Government and Supervisory Councillors – in the state.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

We will not reach 80% revenue performance for 2019 – minister

Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the nation will not be able to reach 80 per cent revenue performance for 2019.
US President Donald Trump speaks at the Values Voter Summit at the Omni Shoreham Hotel on October 12, 2019 in Washington, DC. (Photo by Eric BARADAT - AFP)

Donald Trump orders US troops to leave northern Syria

The Pentagon has begun removing all its troops in northern Syria, a US official said on Monday, after President Donald Trump ordered them to leave in the face of Turkey’s attacks on Kurds in the area.