Nigeria seeks economic recovery

The federal government launches a scheme to ensure that its recovery blueprint is properly implemented   When the federal government launched the Economic Recovery and Growth Plan  (E...

Africa forms single market

Historic pact creates world’s biggest free trade zone fulfilling the pan-African dream.  For the proponents of free trade, it is a rare dream come true: a single market covering an area of ...

Indorama: a privatisation success story

Indorama Eleme Petrochemicals plant in Port Harcourt is a privatisation success story and boon to the economy  By 2005, the Eleme Petrochemicals plant in Port Harcourt owned by the state oil giant...

Latest Business

Change that made no difference

| NewsAfrica
Just a year after Buhari was elected into office on a mantra of ‘change’ it appears to be more of the same for Nigerians as the country is buffeted by ill winds from the global markets. Martins Azuwike reports on the shrinking of Africa’s biggest economy A year into Muhammadu Buhari’s tenure as ...

The problem of over-dependancy

| NewsAfrica
FIVE AND A half decades since independence not much structural change in the Nigerian economy has taken place. Crop production still dominates economic activity, followed by trading and services. Oil, though, with a much bigger share of total output today than it had at independence in 1960, rema...

Battle for the solar market

| NewsAfrica
 Solar wars heat up following German firm’s arrival into Kenya market.

Power supply reaches new low

| NewsAfrica
Despite hopes that the power supply jinx would be finally broken, Nigeria is even more in the dark. By Nsineno May Anthony When PRESIDENT Muhammadu Buhari was elected last year, one of the problems he promised to fix was the country’s epileptic power supply. Poor power generation and tran...

The African Development Bank – going for growth

| NewsAfrica
The African Development Bank (AfDB) is consciously contributing to Africa’s development and it is achieving results. By Kofi Ansah ACCORDING to the Bank’s Annual Dev­elopment Effectiveness Review (ADER) 2015, 70 per cent of the Bank’s in­dicators are on t...

Nigeria fuel crisis continues

| NewsAfrica
Adding fuel to the fire – A combination of ageing oil refineries and powerful middlemen led to a crippling fuel crisis last month. By Martins Azuwike, Lagos    IN THE RUN up to his inauguration at the end of last month, President Buhari would have been left in no doubt as to...

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