Saturday December 20th, 2014
Saturday December 20th, 2014
Latest

Rebuilding Nigeria’s economy is a task that must be done

  /   in Broken Links 12:40 am   /   Comments

JONATHAN

President Goodluck Jonathan in his June 2012 Democracy day broadcast stirred the hornet’s nest. He raised fundamental issues of the economy, some of which with the benefit of hindsight were wishes as usual with Nigerian leaders.

Read More →
Latest

The unending woes of Naira exchange rate

  /   in Broken Links, Finance 12:11 am   /   Comments

naira-Dollar

The pressure on the naira at the foreign exchange market might continue to mount and see further depreciation in value of the naira this year. The Naira fell by 200 kobo on Tuesday, as the parallel market exchange rate rose to N180 per dollar from N178 per dollar on Monday.

Read More →
Latest

Nigerians must search carefully for the next leaders

  /   in Broken Links 12:25 am   /   Comments

Nigeria

The greatest challenge facing Nigeria today is that of leadership. Nigeria needs a leader that the people can identify with and can inspire them to great heights.

Read More →
Latest

Think of the alternative before making the choice of who leads

  /   in Broken Links 12:17 am   /   Comments

AKWA IBOM STADIUM President of Ghana John Mahama, President Goodluck Jonathan, and President of Cote D’lvoire Alhassan Ouattarra  during the commissioning ceremony of the 30,000 Capacity Akwa Ibom International Stadium, held in  Uyo, Akwa Ibom State. Photo by Abayomi Adeshida

Economists usually begin their thoughts with choices, scale of preference and alternatives forgone. Individuals, households, firms and nations make choices. The choice that each of these entities makes depends on how informed the one making the choice is on available alternatives and the opportunity cost of the choice made. The opportunity cost is the alternative forgone for the purpose of making the choice. There are economic choices as well as political choices.

Read More →
Latest

I and others, the worm eating up Nigeria

  /   in Broken Links 12:29 am   /   Comments

economy

It was Dr. Martin Luther King, who once said: “Life’s most persistent and urgent question is, ‘What are you doing for others?” Great men that walked on this planet earth have often challenged themselves with this question, and have ruled their conscience in their service to humanity.

Read More →
Latest

Naira devaluation and the role of non-oil export agencies

  /   in Broken Links 2:10 am   /   Comments

1000-naira-notes

Crude oil prices extended their losses and sunk to fresh four-year lows late last week as expectations of a cut in OPEC oil production faded following the Saudi Arabian oil minister’s comments a day earlier.

Read More →
Latest

Nigeria needs help from within and outside

  /   in Broken Links 12:09 am   /   Comments

economy

On April 28 we published this article in which I said that Nigeria needs help from within and from outside the country.

Read More →
Latest

Tough times ahead for investors in Nigerian banks

  /   in Broken Links 1:39 am   /   Comments

BANK

Signals emerging from the global economy can best be described as complex considering the trends in macroeconomic and socio-political sphere.

Read More →
Latest

Feed back: Fleecing Nigerians in the name of God

  /   in Broken Links 12:34 am   /   Comments

tourism

The title of this column last week was Fleecing Nigerians in the name of God. It generated a lot of reactions and comments. Here are some of the views of readers on the issue.

Read More →
Latest

Fleecing Nigerians in the name of God

  /   in Broken Links 1:23 am   /   Comments

tourism

By Omoh Gabriel When the white man came to Africa to preach and spread the gospel, he was altruistic, truthful and selfless. He rendered selfless service to humanity. He left the comfort of Europe and risked his life in a land seen then as a dark continent full of evil spirits and peopled by beings

Read More →
Latest

Tough times ahead for Nigerian bank investors

  /   in Broken Links 12:52 am   /   Comments

BANK

 By OMOH GABRIEL Signals emerging from the global economy can best be described as complex considering the trends in macroeconomic and socio-political sphere. As of now, the international financial market has not fully recovered from the 2008 financial crisis. Economies are still weighed down by the aftermath of the crisis. The global oil market on

Read More →
Latest

Two Governors & U.S. Justice

  /   in Broken Links, Dispatches from America 2:06 am   /   Comments

*Obama

NEWS about the activities of the Islamic State in Iraq and Syria, ISIS, and the International coalition that was formed to deal with the menace of the jihadist group, almost drowned all other notable items on the stable of the U.S. media. Two of those prominent events in the news that occurred as ISIS took

Read More →
Latest

David Mark, no to state creation; it’s not economical

  /   in Broken Links 12:40 am   /   Comments

Senate President David Mark

On June 27, 2011, we stated that creating additional state is not economical because it will increase the cost of governance in the country without any increase in the revenue base of the nation.

Read More →
Latest

Nigeria needs help from within and outside

  /   in Broken Links 9:29 am   /   Comments

economy

On April 28 we published this article in which I said that Nigeria needs help from within and from outside the country. Event of the last three weeks has shown that help from outside to contain the monster called Boko Haram is imperative.

Read More →
Latest

Living in self-delusion: Who controls Africa’s economy— Nigeria or South Africa?

  /   in Broken Links 12:56 am   /   Comments

Okonjo-Iweala

When in 2004 President Olusegun Obasanjo muted the idea of a state- backed Nigerian company that can compete favourably with multinational companies, Nigerians partially bought into the idea.

Read More →
Latest

Nigeria climbing another debt cliff

  /   in Broken Links 12:43 am   /   Comments

naira-Dollar

Nigeria is again on the path towards a debt trap set as usual by its quest and taste for nice things. The country is accumulating debt without any visible alternative of paying back the loans apart from oil.

Read More →
Latest

Treasury looters, let NITEL go

  /   in Broken Links 12:15 am   /   Comments

Nitel-412

Government agencies in Nigeria and the officials that run them either have short memories or they are simply indifferent to the feelings of Nigerians.

Read More →
Latest

Do not let them fool you again with statistics

  /   in Broken Links 12:35 am   /   Comments

economy

Statistics are very easy ways of presenting complex issues. They can present a graphic situation and possibly make it easy for people to have a snapshot of any given situation. For ease of presentation, statisticians, accountants and economists use data to explain the financial situation of a company, country and region.

Read More →
Latest

Reconcile, publish government account regularly

  /   in Broken Links 12:29 am   /   Comments

Nigeria-map

Nigeriais a nation where everybody is an expert. Experts in football coaching, experts in financial matters and economy, just name it.

Read More →
Latest

Firms, individuals owe Lagos N18bn in taxes

  /   in Broken Links 7:56 pm   /   Comments

2014-One-day-governor-in-Lagos-state--1

The Lagos State Internal Revenue Service (LIRS) said on Friday that firms and individuals owed the state government N18 billion in unremitted taxes in 2013.

Read More →
Latest

Coercive monopoly (3)

  /   in Broken Links 12:54 am   /   Comments

economy

This is the concluding part of the reaction on the need for a competition or anti-trust law in Nigeria. There were several reactions. But this was particularly interesting and I decided to let our readers have the benefit of knowing what is happening in some sectors of the Nigerian economy.

Read More →
Latest

COERCIVE MONOPOLY

  /   in Broken Links 12:17 am   /   Comments

economy

In this column two Mondays ago, we wrote on the need for a competition or anti-trust law in Nigeria. There were several reactions. But this was particularly interesting and I decided to let our readers have the benefit of knowing what is happening in some sectors of the Nigerian economy. By YUSUFU ABDULLAHI The responsibilty

Read More →
Latest

Where is trade financing in the Transformation Agenda, Mr. President?

  /   in Broken Links 12:45 am   /   Comments

economy

Nigeria is a country of ironies. Its officials make policy pronouncements they do not believe in. Most times, the action of government is the direct opposite of its policy statements. President Jonathan has stated time and time again that his focus is on the transformation of the Nigerian economy to becoming one of the 20th largest economies in the world come 2020.

Read More →
Latest

Nigeria needs competition/anti-trust law

  /   in Broken Links 12:40 am   /   Comments

economy

Nigerian businessmen do not cease to amaze me. Each time I see a typical Nigerian businessman, I see contempt for fair play and good business practice. Every one of them hates competition. They believe in zero-sum game, winner-takes-all.

Read More →
Latest

Re-organising Nigeria’s unorganised private sector

  /   in Broken Links 12:31 am   /   Comments

Small-Business222

By OMOH GABRIEL Two weeks ago, some 31 Nigerian company chief executives and business owners got together to form a council that will enable them jointly promote sustainable development across the country. This was the outcome of a round table discussion held in Lagos. Ordinarily, this would have been a welcome development. However, the claim

Read More →
Latest

Tough task ahead for Emefiele at CBN

  /   in Broken Links 12:45 am   /   Comments

Godwin Emefiele, Zenith MD

When on the 3rd of June, 2014 Mr. Godwin Emefiele formally assumes office as the CBN Governor, he will be confronted with several nagging issues which he needs to resolve fast if he is to succeed as CBN governor. Many of the issues are like landmines which require both native intelligence and God’s guidance to handle.

Read More →
Latest

Gains, losses of WEFA

  /   in Broken Links 12:43 am   /   Comments

WEFA—President Goodluck Jonathan (C) speaks, flanked by WEF founder Klaus Schwab (L) and Rwandan President Paul Kagame (R), during the World Economic Forum in Abuja, yesterday. Photo: AFP.

Nigeria has successfully hosted the World Economic Forum for Africa. The event has come and gone and the organisers and the Nigerian authorities are counting their gains and losses.

Read More →
Latest

Reactions to “When will the drum beats of revolution start in Nigeria?”

  /   in Broken Links 12:29 am   /   Comments

confab

Today we publish readers’ views on issues raised in this column. Several reactions came in by text messages and online; here are some of the reactions. Godwin111 wrote and said: “The drums of revolution can only be heed by a nation of brave and courageous people. Unfortunately, Nigeria is not one.” Gold Force said: “The

Read More →
Latest

Economic rent seekers hold down Nigeria’s progress

  /   in Broken Links 12:40 am   /   Comments

confab-delegates

When President Goodluck Jonathan agreed for Nigeria to hold a national dialogue on the way forward, many saw it as an avenue to put right what is wrong among the federating units.

Read More →
Latest

Nigeria needs help from within and outside

  /   in Broken Links 12:49 am   /   Comments

economy

Nigeria is a country blessed with intelligent people. It is a country where every man and woman likes to express himself or herself loud and clear.

Read More →
Latest

When will the drum beats of revolution start in Nigeria?

  /   in Broken Links 1:11 am   /   Comments

*Protesters in support of CP Mbu demonstrating on the Aba road in Port Harcourt, yesterday

When some of us were in secondary school, a grade one WAEC certificate will make you unacceptable for employment in a Nigerian bank and most companies in Nigeria.

Read More →
Latest

A nation without defined property rights will continue to be at war with itself

  /   in Broken Links 12:53 am   /   Comments

A Housing Estates in Lagos

The challenge facing Nigeria today is not being tackled at the roots. It seems the symptoms are what those in position of authority are chasing after. It is like chasing shadows.

Read More →