The 2015 elections may still be more than a year away but in Delta State, some of the gubernatorial hopefuls are already at one another’s throats in what is fast deteriorating into a rat race to Government House. My projection is that the desperation with
I do not come to venerate Sanusi Lamido Sanusi, for he is not a saint. As much as I admire him, there are flaws too obvious to ignore. But this is not a time for psychoanalysis; it is a time to set truth apart from fiction. When the (suspended) CBN Govern
To a first-time visitor, much of Nigeria is likely to appear like the wreckage of a long war, what with its gutted roads, rutted infrastructure, the near-absence of electric power, and the paucity of pipe-borne water. It�s a developmental nightmare
When Sanusi Lamido Sanusi was appointed the CBN Governor, he hit the ground running on a very good footing. However his recent self-righteous outrage against the NNPC in a careless and incoherent manner is beginning to raise questions about the true motiv
The dynamic nature of the modern job market is fuelling the need for deeper workforce insight across all levels of a business so that managers can make proactive personnel choices that will positively impact their operations. Today, the foundation for in
Here is the latest article from Oilprice relevant for the Nigerian economy. It's a little longer than normal pieces syndicated from Oilprice, but a very interesting piece of research we hope you will find interesting.
The influential Monetary Policy Committee (MPC) of Nigeria’s Central Bank recently warned that the country continues to bleed its rainy day fund, the excess crude account, turning it into an unmitigated automated teller machine (ATM). According to the MPC
The history of economic thought in the twentieth century is a bit like the history of Christianity in the sixteenth century. Until John Maynard Keynes published The General Theory of Employment, Interest, and Money in 1936, economics�at least in th
In November 2013 the Swiss Financial Market Supervisory Authority (FINMA) punished Basler Kantonalbank (BKB) for manipulation of the market price of its participation certificates listed at the Swiss Exchange. The penalties included the disgorgement of il
Franklin Delano Roosevelt (FDR), ranks as one of America’s most visionary Presidents ever. He is described as a “man given to big thoughts.” In 1937 he summoned to the White House, a man by the name, Thomas “The Chief” MacDonald, the head of the Bureau of
This decade and the last three could best be described as the age of the monetarists. More than ever before, the global economy has come to depend on both conventional and unconventional monetary policies by central banks- especially from advanced economi
We have just published a very interesting piece that takes a look at the security and energy situation in Libya following the kidnapping of the Prime Minister by gunmen today. If you think it is a good fit for your readers please feel free to re-publish.
The settlements between JPMorgan Chase & Co. and regulators are out. The total bill: $920 million, which includes deals with the Securities and Exchange Commission, as well as U.S. and U.K. banking regulators.
Emerging markets have been the darlings of global investors for most of the last decade. But the speculative flows into emerging markets have created highly leveraged investment and spending booms that are in danger of falling apart now that the hot mone
Chief Festus Odimegwu (Chairman of the National Population Commission): "No census has been credible in Nigeria since 1816. Even the one conducted in 2006 is not credible. I have the records and evidence produced by scholars and professors of repute. This
The globalization of the world economy, the fluid mobilization of the production factors, tax competitions and the outsourcing of production machineries and staff have made it necessary for individual countries� tax administrators and legislators t
This week I'm asking you to forget everything you know about investing.
Instead, think about your investments as if you were a farmer. And on your imaginary farm there are only chickens and eggs. The chickens are stocks, and the eggs are the dividends th
Kahumbu was working as an organic farmer outside of Nairobi, Kenya, in 2010, when she launched iCow, an app to help farmers track the gestation periods of cows. Its a very basic tool, yet vital in the bigger picture of a dairy farmer's life, says the 4
Once again, Senator Yerima is in the news, claiming Islam as the basis for his argument that a girl automatically transforms into an adult of full age once she is married, with the attendant responsibilities that relate to the renunciation of citizenshi
I will attempt to address two issues here the unintended consequences of the proposed amendment; and Alhaji Yerima and the rest of us.
First, it has become obvious that not a lot of us took time to read the contents and context of the senate reso
Rules Under the Bank Secrecy Act Report of Foreign Bank and Financial Accounts (FBAR), pursuant to 31 CFR 1010.350 and the Requirements to File Form TD F 90-22.1: Dual Nigerian-US Citizens' Obligation to Disclose Financial Accounts Outside the United St
I work in an industry dogged by low perceived used value. My industry is Public Relations and just any guy, who has honed his skills in journalism and citizen publishing, feels he can ply my trade; hence everyone jumps in until we get to a point where no
The Nigerian government has the intention of becoming one of the top twenty global economies by the year 2020. Aptly titled Vision 2020, this future view of progress will not be fulfilled unless the nation substantially develops its knowledge economy, a
Nigeria and Liberia share a lot in common in terms of political instability and richness in natural resources. This author has always been in favor of appointing tested professionals as cabinet members in the Nigerian polity. The accomplishments of Harvar
Until recently Tunisia was considered to be a minor league and relatively underexplored venue in Africa's rapidly expanding oil & gas scene. This situation has quickly changed with new bid rounds and forced relinquishments creating an opportunity for new
I used to think corruption was Nigeria's biggest problem, but I'm starting to doubt that. Every time I probe into one of the many issues this country is encountering, at the core I find the same phenomenon: the widespread celebration of mediocrity.
In an effort to tamp down concerns that her experience as a top corporate defense lawyer would color her decision-making, Mary Jo White said Tuesday that "no institution would be too big to charge" if she is confirmed as head of the Securities and Exchang
This where we stand, and it's a fairly bleak view: Peak oil is almost here, and nothing new (with the possible but unlikely exception of Iraq) is coming online anytime soon and while the clock is ticking - forward movement on developing renewable energy r
That the Nigeria Stock Exchange (NSE) and the capital market regulations and laws are not as dynamic as those existing in the more sophisticated western world is not in dispute: what remains in contention is whether our laws and regulations are effective
Last week in this space, I told you about the dire consequences of the sequester, and I wrote: "Precisely BECAUSE the warnings are falling on deaf ears, the real wolf is now prowling. And not only is she likely to strike on March 1, but she's also likely
No, I haven't been arrested! I'm simply referring to all the market myths that are about to be busted, by the markets themselves, and how so many analysts and investors are going to get caught with their pants down!
Those who live in fragile and conflict-affected states face limitations that most of us simply cannot comprehend. Not only do the larger cycles of conflict and insecurity often lie beyond the control of individual adults, but the weak institutions that ch
This paper examines the rights of indigenous to petition the Nigerian Minister of Petroleum to revoke oil exploration licenses granted foreign oil corporations—especially where the rights of the Nigerian indigenous landowners are being trampled upon. For
Aubrey McClendon is gone – or at least he's on his way out from Chesapeake energy (CHK). But the destruction of the natural gas market, where he was the ringleader in the shale gas land grab and cratering well price, is his real legacy, and not likely to