Breaking News
Translate

Protect your assets

Two separate fire incidents on Friday, January 12, 2018, made me very depressed. One happened in Surulere, Lagos, and consumed a supermarket and three business centres. In the afternoon, that same day, I was already late for an appointment with a friend, former schoolmate and Chief Executive Officer of American Business Council, Mrs. Margaret Olele, in Victoria Island, when I noticed an unusually heavy traffic on Eko Bridge as I approached Apongbon.

Read More

Futility of one-way assets declaration

THE 1999 Constitution of the Federal Republic of Nigeria mandates specific public officeholders to declare personal assets on assumption of offices. Based on this, President Muhammadu Buhari and his vice, Professor Yemi Osinbajo complied after inauguration, regrettably an action that was also taken by all the previous administrations that declined to do same after leaving office.

Read More

Nigeria: Sale of assets as dangerous policy myopia? (2) by Chukwuma Charles Soludo

NOW we have started to make some progress with so-called ‘flexible exchange rate’ but still combined with a black list of 41 items ineligible for forex as well as other crude controls, and the consequent huge parallel market premia that is one of the highest in the world. The parallel market exchange rate has now become a very important leading indicator in the economy.

Read More

Selling national assets

IN recent times, the Senate President Dr. Bukola Saraki and Alhaji Aliko Dankote have called for the sale of National Assets to finance our budget deficit and stimulate economic recovery. This call has also being endorsed by the National Economic Council comprising of the Vice President and the 36 State governors at their recently concluded economic council meeting.

Read More