A CONTROVERSY over capital adequacy amongst Nigerian banks may have ensued on the heels of claims by an international financial rating agency that most Nigerian banks are now undercapitalised following the persistent macroeconomic and currency challenges that characterized their operations since 2015.

Jeremiah Okorodudu, a former boxing champion, has revealed how boxing rave of the moment, Anthony Joshua, was rejected by Nigerian boxing officials nine years ago.

A Vice Chancellor who suspends students for not attending a religious programme, is not an academic and cannot be an intellectual

Obasanjo merely went back to the drawing board to prepare for war against Jonathan, particularly as he noticed a gradual swell of the political ferment that would eventually oust Jonathan

THERE is a ray of hope for independent candidates in the 2019 polls as the House of Representatives Special Ad-hoc Committee on the review of the 1999 constitution has approved independent candidacy for elections in Nigeria.

Jose Mourinho described Manchester United’s jammed-packed schedule as “not human” after a growing injury list threatened to wreck hopes of a place in next season’s Champions League.

We really must get back to the era of National Development Plan, we did that in the early 60s and 70s, we must get back to the era of treating national plans as national plans

Sadly, CBN and our Economic Management Teams have never been able to construct the appropriate foundation which supports low cost of funds (3-6%), low inflation rate (1-3%) and a liberalised forex market to drive the elusive quest for economic diversification

FOR any economist worthy of the name it must have appeared like fiction or fairy tales. Who would have thought that a President of any nation, even a Banana Republic, said to be a Ph.D holder would in one day sign off N289 million to a security outfit without authority from the National Assembly, NASS, and have the funds withdrawn illegally from a government agency? Saul Bellow has pointed to how power destroys the sanity of most people. But, power allied with stupidity amounts to a double curse on the people led by such individuals. As German philosopher Frederick Von Schiller, 1759-1805 (VBQ p 235) has advised us “Against stupidity [of the leaders] the gods themselves struggle in vain.”

THERE are indications that the Senate and the House of Representatives are working at cross-purposes on the passage of the Petroleum Industry Bill, PIB, pending in both chambers.