How Nigerian governments encourage corruption
“NEITI audit report probe suffers setback in Senate.” VANGUARD, August 4, 2026 The report by Henry Umoru also stated as follows: • As CBN, NDDC, NEITI, NUPRC shun committee’s summon. • You must appear on Thursday or we invoke our powers – SENATE. The news report, which most readers might have dismissed without much thought (if […]
No prosperous year inview for 2020
I STARTED writing commentaries on the Business and Economic pages of VANGUARD in 1987 before adding the SUNDAY VANGUARD articles in 1994. Most of those writing then are long gone – mostly beyond reach of humans. My great Aburo, Henry Boyo, Old Igbobian like me, followed them just as 2019 was coming to an end. One feels increasingly alone and perhaps the time has come to pass the baton to a new generation of public opinion leaders. I had an MRI on December 26, 2019 and the signs are not very good. I should probably have saved the N78,000 it cost me to drink GULDER and GUINNESS Stout and have a good time before going the way of all humans.
Year end 2019 economic summary
CHRISTMAS is only two days away. And, unless you are one of the tiny minority of Nigerians who can look forward with confidence to a merry Christmas day, then you must be among the silent majority of Nigerians for whom Christmas has become a painful experience.
Ex-governors impoverishing their states with huge pensions
In what would, otherwise, have been another dreary week in which one sad report pushed another off the pages of Nigerian newspapers, the report that the Federal High Court in Lagos has ordered the Attorney-General of the Federation, AGF, to recover pension funds claimed by former state governors while serving as Senators and Ministers from their states after leaving office as governors.
Labour unions in fantasyland over minimum wage
No governor will dare say he will not pay. It is illegal and criminal for any governor not to pay and there is sanction in the Minimum Wage Act. If you do not pay, there are fines and if you do not pay the fine, you can be jailed – any employer, including the state governors —Issa Aremu, General Secretary, National Union of Textile, Garment and Tailoring Workers of Nigeria. PUNCH, November 26, 2019. Back page.
Before you jump from Treasury Bills to Stocks
HUNDREDS of thousands of Nigerian fools and angels were rushed out on the Treasury Bills market early this month. Most are still in shock regarding what to do with the funds that will be released to them any time soon. A few have acted hastily instead of pre-meditatively when they suddenly found funds they had invested for years in this safe haven on their laps without a clue about what to do with the bundle.
