‘’There is nowhere in the world where Monetary Authorities fund Bureaus De Change (BDCs) directly with foreign exchange. The predominant patrons of Nigeria’s BDCs are predominantly, smugglers of unauthorised items, treasury looters, and others who cannot process formal documentation to access official foreign exchange. Curiously, the CBN’s formal policy to sell $400,000 weekly to each BDC translates to $1.6bn, for 1000 BDCs monthly.

THIS January was filled with activities and reminiscence of what officially was said to be the fiftieth commemoration of the first coup in the country; the five Majors coup of January 15, 1966. There were speeches and the newspapers were clogged with all sorts of features and advertorials.

It ain’t the things you don’t know that cause the problem. It’s things you think you know that ain’t so. Ralph Waldo Emerson, 1803-1882. VANGUARD BOOK p 117. President Buhari must have entered into the GUINNESS BOOK OF RECORDS for taking five months to assemble a cabinet of less than fifty people and about thirty Special Advisers, noise makers as he called them.

When I read in the newspapers that the President, Alhaji Muhammadu Buhari, was complaining in Ethiopia that our judiciary is his major headache in the highly dramatised programme of anti-corruption directed largely towards members of the Peoples Democratic Party (PDP), I remembered late Chief M.K.O. Abiola’s witty remark that “the bigger the head, the bigger the headache.”

On February 01, 2016, new electricity tariffs approved by the Nigerian Electricity Regulatory Commission (NERC) came into force. In a quick response, the Nigeria Labour Congress (NLC), the Trade Union Congress of Nigeria (TUC) and Civil Society Organizations (CSOs) issued an ultimatum for a reversal of the new tariffs or else they would shut down the nation.