Special Report

West Africa’s healthcare investment momentum builds as WHX returns to Nigeria 

West Africa’s healthcare investment momentum builds as WHX returns to Nigeria 

Nigeria’s healthcare sector is undergoing rapid transformation, with forecasts predicting a 7.1% expansion and an anticipated market value of US$161.7 million by 2027. This growth is fuelled by a US$1.2 billion Federal Ministry investment in infrastructure and workforce, major oncology and diagnostic expansions by the Nigeria Sovereign Investment Authority, and increased imports under the African Continental Free Trade Area […]
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I’m disillusoned with 20 years of dmocracy – Frank Kokori

I’m disillusoned with 20 years of dmocracy – Frank Kokori

CHIEF Frank Kokori, former General Secretary of The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, said June 12 as a Democracy Day has made him the happiest man on earth even  as expressed disappointment over the manner of democracy since May 29, 1999.

Why we must uphold Abiola’s ideals – Wuraola

Why we must uphold Abiola’s ideals – Wuraola

Dr. Wuraola Abiola is the daughter of the late Bashorun MKO Abiola, the winner of the June 12, 1993 presidential poll. She is the last child of Abiola’s first wife, the late Simbiat Atinuke Abiola. An organizational behaviour expert, she runs a consultancy firm and also sits on the board of many companies including Unicorn Group. In this interview with Vanguard, Wuraola expresses how much she missed her father and urges Nigerians to embrace his ideals for democratic growth in the country.

June 12 : The truth that sets democracy free in our land  – Tinubu

June 12 : The truth that sets democracy free in our land – Tinubu

FORMER Lagos State Governor and All  Progressives Congress National Leader, Asiwaju Bola Tinubu, was one of those in the forefront for the actualisation of Abiola’s presidential mandate and was even forced to go on exile while fighting for the cause. And since the return of democratic governance, he has also made a strong case that June 12 be recognised as Nigeria’s Democracy Day instead of May 29.

A democracy  day primer by Wole Soyinka

A democracy day primer by Wole Soyinka

THIS year’s recall of an uplifting day in the year 1993 comes up against a background of its most shameful disavowal: the 2019 elections – still under judicial contestation – an event that would be more accurately described as an exercise in body count rather than ballot count.

At last Nigerians celebrate June 12 as Democracy Day

At last Nigerians celebrate June 12 as Democracy Day

For the first time since 1999, Nigerians are celebrating Democracy Day on June 12, instead of May 29 which was the case in the past 25 years. This change in date is a fulfillment of  the promise made last year by the President Muhammadu Buhari administration to honour the late Chief Chief   Moshood Kashimawo Olawale, MKO, Abiola whose June 12, 1993 presidential election victory was annulled by the military regime of General Ibrahim Babangida on June 23, same year.

Blow-by-blow account of how Abiola declared self President at Epetedo — Onitiri, an eye witness

Blow-by-blow account of how Abiola declared self President at Epetedo — Onitiri, an eye witness

Ahead of the first celebration of June 12 as Democracy Day on Wednesday to mark the 1993 presidential election which was annulled by the military but
 generally believed to have been won by the late Chief MKO Abiola, one of Abiola’s former associates, Chief Adesunbo Onitiri, speaks on the Epetedo declaration which saw Abiola proclaiming himself as President, leading to his arrest by the Abacha junta and subsequent prosecution for treasonable felony. He died in detention.

No correlation between Naira value and national reserves  – Lukman Otunuga, Research Analyst, Forex Time, FXTM

No correlation between Naira value and national reserves – Lukman Otunuga, Research Analyst, Forex Time, FXTM

There has been a progressive depreciation in the value of the Naira since 1999 while the nation’s external reserves have followed a somewhat positive trajectory within the past 20 years. An interesting observation is the decline of reserves between 2008 and 2014 at a time when the Naira was trading around N150. While it may seem like there is no correlation between the Naira exchange rate and foreign exchange reserves, the missing piece of the equation is Oil prices.

Nigeria’s foreign exchange policy is controversial  – Razia Khan, Standard Chartered Bank

Nigeria’s foreign exchange policy is controversial – Razia Khan, Standard Chartered Bank

The optimal FX policy in Nigeria will likely be the subject of debate for some time. Over the years, many of the country’s resources have been utilised in order to achieve currency stability. While there would have been an obvious cost to higher inflation, it is not at all clear that the policy adopted by Nigeria has helped to bring about meaningfully lower inflation.

Vanguard Detty December