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Waiting for Godot

I suddenly found out that I was repeating myself, sounding like a scratched record. Jarring a menace to the ears and a nuisance. The gramophone pin had to be lifted from the record. I was tired of saying that at the end of the world cup, our football story had run full cycle and there was a need for a reappraisal; auto criticism. That you could not do the same thing over and over again and expect a different result.

2015: This is final battle to liberate Deltans — Ogboru

ASABA—LABOUR Party, LP, governorship candidate in the 2015 general elections in Delta State, Chief Great Ogboru, has described the contest as his final battle in the quest to, according to him, “liberate the people of Delta State.”

Oando commences rights issue on NSE

The Nigerian Stock Exchange (NSE), has notified all stakeholders that the trading in rights of Oando Plc was re-opened from Wednesday, 3 December 2014 to end on Wednesday, 14 January 2015. This decision is subsequent to the Suspension of Trading in Rights that occurred on November 28, 2014.

Minna Jailbreak: 64 inmates recaptured, 211 still at large

MINNA— About 64 of the 275 inmates, who escaped when gunmen attacked the Minna Medium Security Prison on Saturday, have been captured just as the Comptroller General of Prisons, Dr. Peter Ekpendo, said that the attack had no link with the Islamic sect, Boko Haram.

Hike in CRR heightens competition for cheap funds

The recent decisions of the Central Bank of Nigeria (CBN) to further tighten money supply have heightened competition for the retail segment of the banking populace and cheap funds in the banking industry.

Court stops Obasanjo from publishing autobiography

ABUJA — An Abuja High Court sitting in Wuse Zone 2, has restrained former President Olusegun Obasanjo from proceeding with plans to publish or have someone publish on his behalf, a new autobiography entitled ‘My Watch.”

The CBN act and the oppressive failure of monetary strategy

The public’s usual refrain to rising prices is that “manufacturers/suppliers/farmers have increased prices of their respective goods and services; the supplier is evidently the villain in public consciousness; it would indeed require the patience of Job to convince most Nigerians that such condemnation was misplaced and it may even be more difficult to put the blame for high cost of funds at the doorstep of Central Bank. Consequently, it would be unbelievable to even suggest that CBN is infact the ‘devil in our economic workshop’.

Consequencies of devaluation for your sector – Print media (1)

Devaluation of the currency, brought about mostly by the lack of foresight of the Minister of Finance, and Coordinating Minister for the Economy, CME, will savage all business sectors in Nigeria. As the price of crude oil slides further away, downwards, from the $78 per barrel, on which the original budget, now discarded, and the second one based on $73, now in the dust bin, were based, the outlook becomes bleaker for everybody in Nigeria. The CME can no longer be relied on to provide a reasonable guide to what has become a murky future for Nigerian businesses – mega, large, medium, small or micro. Everybody is suddenly at risk.

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