First indictment was that former President Obasanjo left a whopping $67 billion in foreign reserves for his successors. Second indictment was that Yar’Adua and Jonathan administrations squandered that money in …
Business & Economy
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Given how long-term growth prospects and macroeconomic sustainability are interwoven, securing the financial sector’s soundness in the economy should never happen in isolation…
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The havoc the 2008 financial crisis brought to Nigeria would have been minimal, had it not been that the breakdown in CBN’s oversight and surveillance system allowed the country’s banks …
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It is good for the residents of a given society to pay their taxes, but the authorities concerned with the management of the people must make sure that the people’s …
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Streamlining our unheard-of 541 agencies and departments, especially with many just duplication, should be done immediately. It’s time to implement the white paper on the Ahmed Joda Panel Reported on …
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Increasingly loading the country with huge unproductive debts, sooner rather than later, ours will become a junk economy. The danger with the debt-trap is that as soon as a nation …
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The question everyone seems to be asking endlessly is: how could Brazil have risen so fast it is not only beating Britain as the world’s sixth largest economy, but also …
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Because Nigerians have no culture of carrying coins, CBN’s idea of temporarily allowing N5, N10, and N20 notes and coins to circulate side-by-side should be made permanent. This is because …
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Should a nation as vastly endowed with oil wealth as Nigeria continue using lanterns and candles in powering its development, or remain in darkness when it should have used a …
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Confronted with stagnating domestic markets, declining absolute profits, and the need to evacuate redundant dollars overseas, the Rockefeller-led neoliberal globalists believed it was time for global economic restructuring in a …
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Besides weakening Chinese economy, saving petrodollar which meant not to allow Saddam Hussein to carry out his threats of switching from dollar to the would be petroeuro was why Iraq …
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From the erratic, unpredictable and unsure brainwave that rules the country’s economy at present came the decree one sultry morning that the Naira is about to be restructured. The high …
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Frankly speaking, I don’t have a problem with the proposed plans by the Central Bank of Nigeria to honour some of our past women leaders, who stood out like Amazons …
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How long will it take Nigerian policy makers to come out from their self imposed bubble and comprehend that the policy decision they make can have adverse consequences?
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Femi Otedola has taken Zenon Petroleum and Gas to its greater heights in the area of petroleum products marketing and distribution. As the president and chief executive officer, he has …
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Creating wealth from thin air was irresistible and frictionless for a government churning out dollar bills. In a globalization-led international division of labor, while China led the world in industrial …