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Xenophobia as a symptom of deepening poverty in africa!

By Henry Boyo THE latest widespread currency of the word, Xenophobia, in September, 2019, is, arguably, instigated by media reports of the looting and burning, of several shops, allegedly, owned in South Africa, by foreign nationals, primarily from Nigeria, Zimbabwe, Somalia and Ethiopia. Incidentally, xenophobia is defined as “dislike of, or, prejudice against people from
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$9.6BN AWARD: The same fool and his money (2)

THE notice of the reported $9.6bn world record award, by a UK based Arbitration Tribunal, against the Federal Government of Nigeria, on August 16, 2019, has expectedly jolted the sensibilities of both the government and Nigerians, in no small measure, as the award clearly represents over 20 per cent of the total external reserves held by the Central Bank of Nigeria.

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MMIA: Passenger torture from arrival hall to car park!

By Henry  Boyo THE Murtala Muhammed International Airport, which was commissioned over 40 years ago, remained, Nigeria’s premier gateway, until, the new Abuja, International Airport was commissioned this year. Regrettably, in retrospect, since, the MMIA was opened, there was no major attempt to refurbish and sustain smooth running operations at the earlier celebrated aviation facility.
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Sowore kicks as DSS applies to transfer him to Correctional Facility

SOWORE: ‘They’re going to come after me, no question about it’

THE undeniably violent, heavily armed, and merciless Extremist Group, Boko Haram, who have, systematically, decimated tens of thousands of Nigerians, clearly remain the major present security threat to the Nigerian government; although, other ethnic, regional or political associations such as IPOB, MASSOB, Afenifere and PANDEF have at various times, openly decried perceived injustice and inequity in government policies, these pressure groups have, so far, never been known for such violence nor have they resorted to self-help.

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CBN’s 5-year plan: Chasing shadows with a charmed audience (2)

THE discourse, this week, relates to the implications of the CBN Governor’s plan for banks “to increase their capital base above the present N25bn”, which incidentally, was equivalent, to $195m (N127-N130=$1) in 2004, but has become seriously eroded to barely $75m today! Notwithstanding, CBN Governor, Godwin Emefiele did not reveal how the inexplicably, battered Naira Exchange Rate, which is actually, the prime cause of the sliding value of the capital base of Nigerian banks will be rescued.

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