The Nigerian capital importation for the second quarter of 2014 rose by 48.7% to stand at 5.804 billion dollars compared to 3.904 billion dollars Capital importation in the second quarter of 2014 grew by 3.2% compared to the corresponding quarter of 2013.
Ukraine is on the brink of committing economic suicide after imposing a crippling 55 percent tax on private gas producers, while parliament prepares to vote on next year's budget, which aims for a continuation of the same.
The reception in the United States, and in other advanced economies, of Thomas Piketty’s recent book Capital in the Twenty-First Century attests to growing concern about rising inequality. His book lends further weight to the already overwhelming body of
This piece takes a look at Kenya and developments taking place there that could soon see the country catapulted on the map of oil exporting countries. Kenya is definitely the place to watch in Africa and the coming months will be critical to their future
Nigeria revels at copying. We copy a lot and add our own dimension to things. Sadly, one of our latest imported craze is the phenomenon known as Boko Haram. Some of our young men have allowed themselves to be turned into terrorists and stone cold kill
While we fixate on sexy headlines about Chinese military threats in the South China Sea, for instance, or Washington 'lifting the ban' on crude oil exports, we miss the bigger stories—and we miss the reality. China's relentless resource quest has the grea
Ufuophu-Biri & Iwu (2014) in a paper titled Social media as correlate of prostitution among students of higher institutions of learning in Delta State, Nigeria published by the Covenant Journal of Communication (Vol. 2, No. 1) sought to determine the re
“I’m a philistine.” Nicholas F Oppenheimer, worth some $6.5bn, is not likely to be spotted at a theatre or opera house anytime soon. The vast library of rare antique tomes his grandfather Ernest (1880-1957) lovingly accumulated over a lifetime remains bu
In the field of Entertainment Law record label companies typically enter into an exclusive recording contract with an artiste to market the artistes recordings in return for royalties on the selling price of the recordings, and such contracts may extend
So you think that money is the root of all evil. Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced, and there are men able to produce them. Money is the material shape of the prin
Despite continued challenging conditions, 2013 saw a number of 'mega-deals', with the gem in the crown being Vodafone's $130 billion disposal of its 45% stake in Verizon Wireless. The deal, the largest M&A transaction (across sectors) of 2013, was the thi
Income represents an increase in wealth recognized for tax purposes upon realization. Thus, the sole question in this paper to examine, the Nigerian taxation laws, the impact of the Dutch superstar, Ruud Gullit�s insistence that Chelsea should pay
Russian President Vladimir Putin said he doesn't think the European community can do without the natural gas it gets from energy monopoly Gazprom. With a Russian economy starting to decline, however, it may be Gazprom that's too strongly interconnected to
As violence overtakes Ukraine in the east and Russian soldiers amass on the borders, it might be time to take a serious look at what Moscow's stated grievances are and why Ukraine's new leaders need to look east for unity and how they missed the boat on e
Ukraine's Crimean Peninsula is now Russia's. It was done with an impressively organized non-violent military operation, and supported by the foregone conclusion of a referendum on independence from Ukraine. One Ukrainian soldier was reportedly killed on 1
The first few paragraphs of Mr. Peterside’s admittedly well-written piece are a remarkable exercise in the business of contradiction. In seeking to openly undermine Nigeria’s democratic institutions, Mr. Peterside cannot avoid making a case for democracy
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