Editorial

The Strait of Hormuz must stay open

The Strait of Hormuz is the world’s most critical oil chokepoint, and its uninterrupted flow is essential to global stability. Every day, approximately 21 million barrels of crude oil-roughly 21 per cent of global petroleum consumption-pass through this narrow waterway between Iran and Oman. To nickname it a “special international waterway” and treat it as […]
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Service Chiefs’ good example

We give them a pat on the back because their action went a long way in restoring the dignity of the National Assembly which was seriously undermined by the serial, flagrant refusals of some top appointees of the Federal Government to appear before our elected representatives.

CBN and the burden of currency rackets

In the past two weeks, the foreign exchange market came under pressure as a result of many factors. The main one was that many investors that flooded the economy with foreign exchange in portfolio investments are pulling out, which has led to serious demand pressures. Consequently, the Naira had depreciated across all market segments.

FG’s alcohol, tobacco tariff hike

Fears of the stakeholders are that the excise increase could trigger massive layoffs in the sector’s 20,000-strong work force, raise the prices of the locally-manufactured products and lead to the smuggling of cheaper foreign brands, which would hurt the economy in many ways.

Making Nigeria safer for tourism

IT is heartwarming to note that in spite of daunting security challenges facing the nation and its infrastructural deficits the tourism sector has continued to expand its contributions to the economy.

Wanted: Probe not tainted with malice

THE recent mudslinging between President Muhammadu Buhari and former President Olusegun Obasanjo should provide Nigeria with an opportunity to have a conclusive  look into the matter of how federal funds were spent in the Power sector during the Obasanjo regime.

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