For many a Nigerian, ‘’good riddance to bad rubbish’’ best describes the year 2020. But not so for scores of investors in the Nigerian stock market who must be basking in the euphoria of the ‘wealth effect’ created by the superlative outturn of returns in the market. Despite the...
The Chief Executive Officer and Executive Vice Chairman of Nigerian Communications Commission (NCC), Umar Danbatta, is a man used to collecting silverwares. He has, perhaps, a room full of them. But even by the height of the standards he has set by himself, joining the list of eminent citizens of...
Current youth unemployment figure in Nigeria is estimated at about 17.1 percent of the over 200 million population. This data are estimates from the International Labour Organization, ILO, an agency of the United Nations saddled with developing policies to set labour standards. Globally, youth unemployment refers to the percentage of...
The decision to scrap the Special Anti-Robbery Squad (SARS) of the Nigeria Police Force following a well-oiled campaign against some of its crime-bursting methods has generated mixed-feelings among Nigerians, reflecting the plurasim of the country. Reviewing the activities of SARS to assuage the negative feelings caused by some of its...
As we reflect on our journey of nationhood, there is every reason for one to be worried about our failure to achieve more. However, former Managing Director and CEO of the Transmission Company of Nigeria, TCN, Dr. Usman Gur Mohammed, in this piece, said it is important for us to...
Not unmindful of the floatation of a development stock by the Colonial government in 1946, the doors of a formal market for raising long term funds in Nigeria actually opened in 1960, same year as the country’s independence, on the heels of the incorporation of the Lagos Stock Exchange...
The recent outburst by the Nigeria Economic Summit Group against the Central Bank of Nigeria (CBN) did not come to me as a surprise. Indeed, it was long expected. The concern expressed in the press release entitled “Matters of Urgent Attention” was nothing but a frustration bottled up over years....
The year 2020 started on a brighter and prospective note for Nigeria and Nigerians, with the expectation of increased economic activities, arising most especially, from the CBN’s sustained interventions in agriculture and Small and Medium Enterprises (SMEs). Economic indices also proved this until what was believed to be a localised...
The world over, successful governments have explored the social welfare agenda as a veritable platform through which masses' support is guaranteed and sustained. History has shown that upheavals and insurrection are hardly conceived in milieux where social inclusion is the norm, rather than the exception. No doubt, progressive governments and leaders...
As you already know, the CBN has mandated all banks to loan out 60% of their deposits to businesses. To show their seriousness, they warned that banks that fail to meet up with this lending ratio will be fined 50% of their shortfall. most banks did not take this seriously...