TODAY, we are faced with a precarious situation where paucity of dollar and other hard currencies has led to a spiral fall of the naira. The reason is not farfetched, especially as oil prices fell from a high of about $115 to as low as $28. Yet, it is commendable that the President Muhammadu Buhari […]

The assumption that Nigeria is divided between those who “want” devaluation and those who oppose it is a false appearance. Any rational Nigerian, especially middle class individuals, who can be assumed to be rationally self-interested “want” a strong currency so that they can maintain real purchasing power and lifestyles in a globalized consumerist economy.

ISHAQ Modibbo Kawu’s latest diatribe against the government and political leadership of Kwara State, published in the Vanguard of Thursday, February 18th, 2016 was, as usual, marked by innuendo, falsehood and disinformation.

THE race towards who succeeds Comrade Adams Oshiomhole as governor of Edo State on November 12, this year has already begun; while the electoral umpire, the Independent National Electoral Commission is yet to come out with its guidelines for the election, people in the state and, indeed, political watchers already know those who are in the race for the tickets of the two leading parties: the All Progressives Congress (APC), the ruling party in the state and at the federal level and the Peoples Democratic Party (PDP), the opposition party.

WHEN the Comrade Governor of Edo State, Adams Oshiomhole, recently applied the big stick once against the Edo State Traffic Management Authority, EDSTMA, knocking them off their usual nefarious and very much hated business, the question that came to my mind was simply:‘ who is fooling who?

THERE is no gain saying that that the birth of the Niger Delta Ministry was a quintessential necessity aimed at redressing deficits of infrastructure and resolving vexing issues of economic justice in Nigeria’s oil producing region. As late President Musa Yar’Adua probably intended at inception in September 2008: the ministry will coordinate efforts to tackle the challenges of development, environmental protection and youth empowerment in the Niger Delta, it was equally expected that the establishment would serve as the primary vehicle for delivery of the administration’s agenda for the rapid development of the restive region.

IN a very crude and distasteful publication in the Vanguard, Tabia Princewill, a columnist, displayed a total contempt for the truth and an apparent disrespect for the ethics and the tenets of the noble profession.

THE crisis in the Nigerian Economy seem to be worsening progressively since the crash in Oil prices from a high of about $115.09(Brent crude spot price) on June 19, 2014 to today’s opening spot price of $34.83 (Brent crude).

Our nation is currently submerged in a currency crisis. The value of our national currency is tumbling against the dollar on a daily basis, and our foreign exchange reserves continue to dwindle as a result of the continuous fall in the price of crude oil. In recent months, there has been a rigorous debate as to whether the devaluation of our currency is the answer to these problems, and what specific measures need to be put in place to stabilize our currency and prevent further damage to our fragile economy. As the debate rages on, the damage to the naira, the economy, and the psyche of our people has intensified. The Central Bank of Nigeria (CBN) appears to have lost significant control of the situation, and speculators, currency traffickers and perpetrators of arbitrage have seized the initiative in the parallel market.

In recent times, the Ondo State chapter of the All Progressives Congress, APC, has been in the news for what I consider as unhealthy reason. It emanated from an unfortunate incident that took place at Iwaro Oka-Akoko in Akoko South West local government area of Ondo State on Tuesday, 9th February 2015.