Improvement in economic indicators points to Nigeria’s stabilisation — UBA boss
Group Managing Director of United Bank for Africa (UBA) and Chairman of the Body of Bank CEOs in Nigeria, Oliver Alawuba, has outlined a blueprint for building a resilient Nigerian economy, calling for deliberate policies and stronger collaboration across the public and private sectors to transform economic stability into inclusive prosperity. Alawuba made the call […]
Recession hits education sector
A sudden earthquake is about to hit the whole of Nigeria this month; not the sort of physical tremor which devastates buildings, breaks up bridges and brings down power lines – while destroying lives. Ours will be a social upheaval never experienced in this country for as long as the oldest of us can remember.
Price of bread is now N300
Announcement on shop window at Odunlami Street, Lagos Island. Odunlami Street, for those not familiar with Lagos Island, is famous for the shops selling coffins and arranging funerals. The bread shop is stuck between two of those shops. So its announcement concerning the increase of bread price was made with all the finality of a death sentence pronounced by a hanging judge. Bread, as the saying goes, is the staff of life. No food is more universally consumed than bread; the second is rice.
Why CBN and Lagos state might fail to save Skye Bank
The Central Bank of Nigeria, CBN, and the Lagos State government have different reasons for desperately averting possible Skye Bank distress. Even the hint of likely distress inhibiting deposits and inviting a run on the bank is not in their interests. For the CBN, the collapse of any bank, at this time, is likely to create collateral damage affecting other banks, governments, the organized private sector and the financial system. So their anxiety on this matter is understandable.
Thank God for Godwin Emefiele
There must be occasions when the Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, must feel like the late Italian dictator, Benito Mussolini, 1883-1945, who declared that “Governing Italians is not impossible; it is merely useless”. Governing the Nigerian monetary policy sector and its financial systems, rationally, is also not impossible. It is increasingly clear that is might be the closest thing to exercise in futility.
APC’S welfare package commences next month
Kolawole is one of the reasons for buying THISDAY. His economic analysis is always incisive and professional. Even when you don’t agree with him, it is almost impossible not to respect his point of view. Simon, though generally correct in that article made two minor errors. First he assumed we don’t have an “economic war room” and that jollof rice was not part of the package of giveaways by the APC government which would have loved to have the Biblical Prodigal son as a member of that war room.
