In 2008 economists had predicted a temporary economic crisis. Today we know that there is nothing short-term about the economic slowdown. Our socio-economic system based on unlimited wealth accumulation has worked, and continue to do so, fantastically well for just a few, while hurting the large majority of citizens with poverty, widening inequality and little to no effective democratic participation.

“Banka’ toxic assets may hit N3.0 trillion”. Emeka Anaeto, Economy Editor, VAGUARD, July 17, 2016. When George Santayana, 1863-1952, warned that “Those who do not remember the past [mistakes] are condemned to repeat it” (VANGUARD BOOK p 93), he did not have Nigeria’s banking sector in mind. In fact, that sector had recorded more high profile crooks than any other since the first authentic Nigerian banks were established in the 1950s by individuals whose names would not be mentioned now.

Akure—THE Peoples Democratic Party, PDP in Ondo State weekend disowned the business mogul, Jimoh Ibrahim, who collected governorship nomination form from the Ali Modu Sheriff faction of the Party last week in Abuja.

ABUJA — After a brief respite in the month of May, the Nigerian National Petroleum Corporation’s, NNPC, financials, weekend, returned to negative, as it announced a deficit of N26.51 billion in its operations for June 2016.

The Federal Government has formally launched a comprehensive housing scheme for federal civil servants under the Federal Integrated Staff Housing (FISH) programme. FISH is an initiative of the Office of the Head of the Civil Service of the Federation (HOS) in partnership with the American Building System International (ABSI).