W hen it rains, it pours. The price of crude oil plunged below $30 last week, plumbing to a low last seen in December 2003. On Saturday, the United States and the European Union lifted […]
Here’s hoping that Dambazau will ditch his ‘bigmanism’, make necessary adjustments, sit up and get the job done, unlike his predecessors who made a mess of their office. Let me state for the record, that […]
William the Bastard (or more courtly, William the Conqueror: ruled 1066-1087), was the first Norman king of England. Though dubbed “illegitimate” because he was sired by the unmarried Robert I, Duke of Normandy, after a […]
THERE were other jobs Nigerians did – Traffic Wardens, shop assistance – (all demanding standing for no less than eight hours), car washers, taking care of the elderly in old people’s homes, the post offices […]
THE sharp fall in oil prices and low foreign exchange reserves have put the Central Bank’s foreign exchange management under great strain and made hard and tough choices inevitable. The apex bank which gets 90 […]
Nigeria’s inflation rate accelerated to a three-year high in December as food prices rose in Africa’s biggest economy and oil producer. The consumer price index increased by 9.6 percent on an annualized basis, compared with […]
Fifty-five people who were government ministers, state governors, public officials, bankers and businessmen stole 1.34 trillion naira ($6.8 billion) from Nigeria’s public purse over a seven-year period, the information minister said on Monday. Endemic corruption […]
Nigeria’s Minister of Information and Culture, Lai Mohammed, has stated that 55 Nigerians have stolen over N1.34 trillion from the country’s treasury from 2006 to 2013. Speaking at a press conference on Monday in Abuja, […]
As stock market drops by N331bn Transcorp Hotels Plc, yesterday, listed N10billion corporate bond simultaneously on the Nigerian Stock Exchange (NSE) and FMDQ OTC Securities Exchange Plc to become the first entity to be listed […]
There are indications that the 2016 budget was actually withdrawn for a major amendment as two different versions of the budget are showing different figures and adjustments in expenditure heads. Also the new version has […]
Just before 5pm on 14 January, something strange happened to television channel Arise, a small African television network operating out of London – it suddenly vanished from the airwaves. The message beneath logo of the […]
History shone like a headlight. It did not happen alone in Lagos, where the life of Festus Samuel Okotie-Eboh, swam under searchlights. Samuel Akintola of the acerbic wit also roared from the grave. In the […]
LIKE most young Nigerians, I had a picture of being young and strong while white people were white and weak. I am sure that young white people also thought black people to be weak. No […]
In the last couple of weeks, I have had cause to be attracted to some of the experiences shared by victims of human trafficking. Going through such harrowing encounters that nearly led to the death […]
WITH only a few real steps taken to tackle the monster, the forces of corruption are pushing back and their counter attack is gathering momentum. From the accused persons and recipients of stolen funds to […]
How much has Nigeria changed since its first and perhaps most far-reaching military coup was carried out 50 years ago? It was a coup for change. But was it a coup of change? Could it […]
The Central Bank of Nigeria has come under intense scrutiny in the past six months. This is not just because of its controversial restrictions on foreign exchange transactions but also as a result of allegations […]
Nigerian, you have by now seen a viral video of Nigeria’s interior Minister, Abdulrahman Dambazau, turning “a DSS officer” into a sobata during a public function. If you do not know who or what a […]
The PPPRA Executive Secretary, Farouk Ahmed reportedly announced, at a press briefing on December 29th 2015 in Abuja, that a revised template for fuel pricing had been approved by the Agency; the announcement was evidently […]
Last week in this column I said in there was no need to continue the sale of foreign exchange by the Central Bank of Nigeria to Bureau De Change in the country as it was […]
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