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Nigeria’s Debt Creation Office!

Our public institutions have now become so adept at soothing our anxieties and our pains while they are busy deliberately inflicting untold hardship on our people. For example, the availability of public power supply has remained illusory in spite of trillions of naira voted for this sector over the years, but our leaders continue to proclaim their ‘sincere’ commitment and endlessly encourage us to be patient!

Banks Deepen Capital Market

The embattled Nigerian capital market may now have a breather as banks open a new window of investment for investors, Lucky Fiakpa writes
Guaranty Trust Bank (GTB), though a new generation bank, it however practices banking as of old. Cool, calculated and conserved. It is never loud in its approach to the business. But that has not diminished its drive for creativity. Since becoming a full-fledged commercial bank, it has been very innovative.

Crack in militants’ camp widens

PORT HARCOURT —THE crack in the rank of militants further deepened, yesterday, with a statement from the Joint Revolutionary Council (JRC), an umbrella body of militants in the region which distanced the body from the recent action and pronouncements of the Movement for the Emancipation of Niger Delta (MEND).

A Step to the Past

Efforts of the Central Bank of Nigeria to check the liquidity crisis in the banking system and return to a liberal foreign exchange market, with market determined exchange rate is been threatened by speculation in the foreign exchange market forcing the authorities to embark on measures tantamount to policy somersaults

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