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CBN Governor, Mr Godwin Emefiele

CBN’s MPC in swim or sink mode

The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, last week met amidst worsening macroeconomic environment which had forced Nigeria’s economic growth rate into negative for the first quarter of 2016, while threatening to slide into recession by the end of current quarter.

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President Buhari

Unwholesome silence on herdsmen’s menace

For nearly one hour on May 29 2016, President Muhammadu Buhari addressed the nation on the challenges facing his one-year administration and how he is tackling them or intends to do so. He brought the citizenry up to date on the war against Boko Haram and also touched upon the new threats to our economic wellbeing by the renewed militancy in the Niger Delta.

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Buhari

Hoping for a better second year

The election of a former head of state as president in 2015 made Nigerians very optimistic that effective governance would start immediately after President Muhammadu Buhari was sworn-in. This expectation was heightened by the fact Buhari had also contested for the presidency three previous times.

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Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, along side members of the House Ad-Hoc Committee on Deregulation, during the meeting with Comrade Ayuba Wabba-led faction of the Nigerian Labour Congress, NLC, on Thursday, May 19, 2016, in Abuja.

Beyond NLC’s failed strike

The strike called by the Nigeria Labour Congress (NLC) on Wednesday, May 18, 2016 to protest the steep hike of the pump price of premium motor spirits (PMS) by the Federal Government has gone down as one of the least successful in recent years. Labour leaders protested for three days and had to call off the strike when it was obvious that the maority of Nigerians were not part of it.

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FUEL-2016-f

Deregulation all the way

On Wednesday May 11, 2016, the Federal Government, through the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC)/Minister of State for Petroleum Resources, Dr Ibe Kachikwu, announced “price adjustment” for premium motor spirit from N86.50 to a “band” between N135 and N145 per litre.

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Ex-Governor Amaechi addressing party supporters during the thanksgiving in Port Harcourt

Caution on religious preaching bill

The decision of 19 Northern governors to commence the registration of religious groups and organisations has been generating controversies among religious leaders and other stakeholders. A communiqué they issued on April 29th 2016, disclosed their intention to enact a law to regulate indoor and outdoor preaching.

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President Buhari

Avoiding future budget rows

Nigerians finally heaved a great sigh of relief on Friday, May 6, 2016, when President Muhammadu Buhari gave his assent to the 2016 appropriation bill as passed by the National Assembly. With the budget now law, stakeholders are looking forward to its implementation to stimulate the economy and realise the objectives of the administration.

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Britain's Queen Elizabeth II speaks with British Prime Minister David Cameron (2nd R) during a reception in Buckingham Palace in London on May 10, 2016.
British Prime Minister David Cameron on Tuesday called Nigeria and Afghanistan "possibly the two most corrupt countries in the world" as he hailed their leaders' attendance at an anti-corruption summit in London. He was caught on camera making the remarks to Queen Elizabeth II and Archbishop of Canterbury Justin Welby at an event marking the monarch's 90th birthday last month.
 / AFP PHOTO

Cameron’s “drunken” gaffe

On Monday, May 9, 2016, the British ruling class got gossiping about Nigeria over the recent international anti-corruption summit in London. They were all there in that little circle at Buckingham Palace, wining and dining in the afterglow of Queen Elizabeth II’s 90th birthday: the Queen herself, the British Prime Minister, David Cameron; the Speaker of House of Commons, John Bercow and the Archbishop of Canterbury, Justin Welby.

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