Chinese banks have started the New Year with some familiar bad habits. The country’s lenders dished out a hefty 2.5 trillion yuan ($385 billion) in new loans in January as the central bank pumped cash […]
Egypt relaxed restrictions on foreign exchange bank deposits in an effort to boost exports after the local currency weakened to a record in black market trading. As a dollar shortage intensifies, the central bank raised […]
Hundreds of British citizens with foreign-born partners who depend on an obscure legal loophole to allow them to live together in the UK could see their chances of family life made even tougher by the […]
The ongoing debate over the fiscal budget proposed to the National Assembly by President Muhammadu Buhari has, once again, reminded us of how serious corruption and impunity have eaten deep into the soul of the […]
It is probably just as well that the National Assembly has suspended discussion and deliberation on President Muhammadu Buhari’s budget proposals for fiscal 2016. There is simply no way to move forward on a document […]
…according to the data, we do not have an import problem… However, we do have an export problem, highlighted by the fact that crude oil accounts for 90% of our recorded exports and crude oil […]
Last week’s standoff between the electricity distribution companies and the Organised Labour over tariff hike has, in a manner of speaking, exhumed a corpse which both parties have suffered the illusion of laying to rest […]
Our judiciary has come under heavy attack for judgment delivered by the Supreme Court in recent cases of contentious governorship election results, especially in Akwa Ibom, Delta, Abia and Rivers states. Some leaders and sympathisers […]
The Senate President, Dr. Bukola Saraki, is in the news once again for the wrong reason: He is going back to court to face criminal charges. It is, therefore, not surprising that his impending reappearance […]
Truth be told: if Nigeria were some ideologically-driven polity, Lagos and Cross River, at near extreme ends of Nigeria’s southern coast, would be proud beacons for the left and the right. Lagos, bastion of progressivism, […]
Apart from the issue of oil subsidy, no other subject has enraged and infuriated Nigerians more than the issue of the jumbo salaries and allowances of the members of the National Assembly. Yet, in spite […]
After being sworn-in as Nigeria’s President on May 29, President Muhammadu Buhari inherited not only a deeply-divided country but one that faces a highly uncertain economic future. Oil, on which Nigeria’s economy depends for the […]
As mind-boggling revelations of corrupt practices continue to dominate newspaper headlines and more of our stolen resources are being unearthed, I have become indifferent to news about corruption. I have also resolved not to listen […]
MORE than five years after its establishment, the Asset Management Corporation of Nigeria appears to have lost its focus. While similar institutions elsewhere have fulfilled or are fulfilling their mandates, ours appears helpless to recover […]
Hillary Clinton’s stump speech has gone to the dogs. Not really. But Clinton told a colorful story on Monday in Reno that ended with the former secretary of state barking like a dog. Clinton was […]
Iron tablets, taken by millions of people could damage the body within just 10 minutes, a study has warned. This is the findings of a new study published in the peer-reviewed science journal PLOS One. […]
Members of the Senate met separately at various caucus levels on Monday to discuss the fate of Senate President Bukola Saraki, who is to resume his trial at the Code of Conduct Tribunal over alleged […]
Nigerian President Muhammadu Buhari’s 2016 budget proposals are riddled with errors and provisions that may undermine his anti-graft war, civic groups say. In some instances, the same purchase of vehicles, computers and furniture are replicated […]
Oil prices surged to their highest levels in more than a week as news of a meeting of top officials from the world’s biggest oil producers spurred speculation of an eventual deal to tackle a […]
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