The 2015 NNPC/Chevron Summer Tennis Clinic has ended at the Lagos Lawn Tennis Club in Onikan, with the sponsors thrilling the kids with tennis bags and sumptuous lunch.

Indeed, Naira devaluation is probably the most potent weapon against the prosperity of Nigerians. Nigeria’s migration from a potential industrial power house with bustling social affluence, to a subdued and stumbling economy clearly began with the adoption of IMF’s Structural Adjustment Programme during Babangida’s regime: the chorus from International Agencies, at that time, was also that falling oil prices with an unserviced debt burden and the consequent restriction of trade credit to Nigeria, were the products of an allegedly overvalued Naira exchange rate.

There might be one way to enter the Nigerian mobile market, but nothing makes a signature entrant than coming in with a phone with plethora of uniqueness to attract consumer attention. In the last few weeks, the Nigerian mobile device market has witnessed entrant of various phone brands, with the latest Huawei P8.

The principal reason in the heedless pursuit of a cashless society is the belief that this will stop corruption. This is a Western notion which we have embraced fully – bringing lots of jobs to the West – the computers, the dispensing machines, the chips, pin, cards, etc. In the process it has changed banking beyond recognition. The bankers no longer want to see their clients: Their attitude is this: bring your money to the bank, but speak to the ATM. The rationale is fundamentally flawed in a developing economy.

An attempt to increase the value added tax by 10 per cent as announced by the Federal Inland Revenue Service, FIRS recently will lead to high inflation, further currency devaluation and eventual serious economic losses, said some technology operators who spoke to Vanguard on the matter. According to them, the increase will not only hurt the economy but result to higher cost of living and more revenue losses for government. They argued that the best option would be to expand the tax net and increase revenue generation instead of compelling some honest enterprises that are already paying to pay more.

Meantime, there is palpable tension in Ogun State as the Tribunal on governorship elections sitting in Abeokuta, on Saturday granted an application by the Peoples Democratic Party and its governorship candidate, Gboyega Isiaka seeking to tender more exhibits against the victory of Governor Ibikunle Amosun of the All Progressives Congress.

THE Presidency in announcing that 10,000 more policemen and women are to be recruited, accompanied it with a warning that there must be no extortion of potential recruits. This is not only an indictment, but also a vote of no confidence in the police. The public Presidential warning, tears away at the self-esteem of the police.

An army is a nation within a nation…” Alfred De Vigny, 1797-1863. (VANGUARD BOOK OF QUOTATIONS, VBQ, p 14). President Buhari will not probe Obasanjo’s government, not because it will constitute a distraction, as eager propagandists will like us to believe but because of the military tradition of esprit de corps. Once an officer was your superior officer in service, you don’t disgrace him in public. The rare exceptions occur when there is a coup arising out of disagreements among the officers.

National Pension Commission (PenCom) has issued draft guidelines on withdrawals from Retirement Saving Accounts (RSA) for equity payment of residential mortgage. This is contained in a document released by the commission on its website last week, the guidelines help to determine the eligibility requirements, procedures and documentation required to enable RSA contributors to access and utilise part of their RSA balances.

“When you compare them to the fact that the U.S is beginning to consider whether they should start increasing interest rate, and you also have the situation in Europe and Greece, which is really a European story. So if you have all of that, and you are looking from a global perspective where we are looking to have global growth of 3.5 percent, and we have the largest second economy in the world slowing down, which is a major source of that growth that we have seen across the globe. Sure it is going to affect economies that are highly connected to such economy.”

We are prepared to tap from the growth of e-commerce, so we are investing heavily in Nigeria .e-commerce creates significant opportunity for us. We are not a manufacturing company but we are in the business of supply. So we are ready to benefit from e-commerce growth in Nigeria. South Africa has the second largest number of potential online shoppers (70 per cent ), compared to Nigeria (89 per cent ) and Kenya (60 per cent ). South African e-commerce sites are popular destinations for shoppers from Nigeria.

The last may not have been heard about the just concluded APC governorship primary in Kogi State as many of the aspirants who failed to pick the ticket of the party have threatened to pursue their interests in other parties.

Lagos—Eko Electricity Distribution Company, Eko DISCO, has sacked no fewer than 300 workers creating fear among the staff of the company.

Nigerian Deposit Money Banks, DMBs, have begun a campaign of begging the federal government to review the implementation of the Single Treasury Account, STA, as directed by President Muhammadu Buhari.

The Department of State Services, DSS, said yesterday that it had arrested notable commanders and front line members of the notorious Islamic sect, Boko Haram, from different parts of the country, especially, those responsible for the coordination and execution of the suicide attacks in Potiskum, Kano, Zaria and Jos.