In this week’s article, we shall discuss the impact of a weaker exchange rate on various sectors of the economy, and also consider whether or not naira devaluation is imminent and inevitable.

Last week, companies listed on the Nigerian Stock Exchange, NSE, were classified into three. Those who render their Annual Reports and Accounts on time, or even ahead of time; those who fail to meet the deadline by a few weeks; and those who, invariably, have to be forced to issue their reports

I once listened to the testimony of Pastor E.A. Adeboye of the Redeemed Christian Church of God. He stated that his last child, a baby-boy, quickly became his favourite child. But one day, the child fell sick. The more Adeboye prayed, the worse the boy became. In desperation, he asked God: “Why won’t you heal my son?” The Lord replied: “Because he is your son, I won’t heal him.” Therefore, Adeboye quickly changed his line of prayer. He declared that the boy was God’s son and asked God to heal him. When he did this, the boy was healed

The ease with which this monster makes his audacious pronouncements is horrific and alarming that such rag tag army have held the people of Nigeria for so long to ransom. The Chairman of the forum and Governor of Niger, Dr Babangida Aliyu, spoke to the U.S. officials that the April 14 abduction happened in a part of the country “where up till today we still beg parents to bring their children to school.

“The onshore/offshore oil dichotomy issue has been constitutionally resolved by the 1994/95 Constitution. OMPADEC has been retained and is expected to be community based for effective participation of the affected communities. Besides, the revenue sharing formula, which I helped to fashion out, at the national Conference, though not meeting our target of 30 per cent derivation, promises to place more money at the disposal of the state administrators.” And for a while it seemed as if Attah was on sure grounds.