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Can Nigeria build new millionaires through Dangote IPO?

Can Nigeria build new millionaires through Dangote IPO?

By MOSHOOD OSHUNFUREWA Nigeria has a long, painful, and largely unreported history with shares. The promise of ownership has repeatedly been used to separate ordinary citizens from their savings, and the consequences have rarely been visited upon those responsible. Between 2007 and 2009, an estimated N800 billion was funnelled into private placements that promised future […]
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Redefining Nigeria’s power and purpose the Heirs Energies’ way 

Redefining Nigeria’s power and purpose the Heirs Energies’ way 

By DAN AIGBANGBE A seismic shift is vibrating through the sprawling onshore fields of the Niger Delta. In January 2021, a $1.2 billion landmark deal sent a clear signal to the global markets: Heirs Energies had arrived. By acquiring a 45% stake in OML 17 from Shell, Total, and ENI, the company did more than purchase […]

On CBN’s integration of BDCs as pathway for stable Naira

On CBN’s integration of BDCs as pathway for stable Naira

By MICHAEL NWADIKE The decision of the Central Bank of Nigeria, CBN, to permit participation of licensed Bureau De Change, BDC, operators in the Nigerian Foreign Exchange Market has triggered massive gain for the Naira and narrowing of gaps between official and parallel market rates. By allowing each BDC to purchase up to $150,000 weekly, the […]

Democratic Implications: Nigeria’s de facto one-party dominance and crisis of ideology

Democratic Implications: Nigeria’s de facto one-party dominance and crisis of ideology

By Prof. Mannixs E. Paul, PhD Nigeria stands at a critical juncture in its democratic journey. Since returning to civilian governance in 1999, the country has maintained uninterrupted constitutional rule. That continuity is worthy of recognition. Yet democracy cannot be measured by elections alone. Its true strength lies in the substance of political choice, the […]

As lent begins: Was Fr. Maximus confused?

As lent begins: Was Fr. Maximus confused?

Valentine Obienyem During the introductory rites of Mass this morning, Fr. Maximus Okonkwo described Lent, which began today, as “the sacred season of Lent.” Indeed, that is precisely what it is. Ash Wednesday is more than just a liturgical day; it is a deeply symbolic moment. By marking the beginning of Lent with the imposition […]