Adewale Ajadi writes in NEXT: Is it not possible that in a heated polity Mrs. Yar’Adua sees herself as isolated and her husband as threatened; viewing each delegation that approached Saudi Arabia with the same cynicism that is abroad across the land and drinking from the same sectional cesspool from which the national psyche is… Read More »
The president of Rice Importers and Distributors Association of Nigeria (RIDAN), Gbadamosi Mufutau, urged the federal government to harmonize the duty on rice with the neighbouring countries to discourage smuggling. “You observed that any increase in duty, tariff, levies and benchmark always cause increase of importation of such products to Republic Benin and Togo ports… Read More »
The Nigerian president got back to the country in the early hours of Wednesday. It is reported that his flight landed in a well-guarded presidential wing of the international airport in Abuja. From an investigative report by NEXT, we learn that the acting president, Goodluck Jonathan, as the acting Commander-in-Chief, did not release the troops… Read More »
So, apparently, the Nigerian president has decided to return home, only a few days after the vice president was named acting president. Interesting. NEXT reports that the president’s ambulance arrived in Aso Rock, Abuja, the presidential ‘grounds’ about 4 hours ago. See this Aljazeera report for some background to the story. So, what happens to… Read More »
A Lagos High Court has given nod to 80 aggrieved investors, bonded in a class action suit, to seek legal remedies against a Lagos asset management company, BGL Ltd., for an alleged N30 billion financial fraud in a private placement offer. In the nation’s first class action lawsuit in the margin loan crisis, Justice Charles… Read More »
Nigeria’s debt profile at the end of last year stands at $3.97 billion, the Minister of Finance, Mansur Mukhtar said yesterday at the beginning of a two-day public hearing on the loans and debt collected by federal and state governments organised by an ad-hoc committee of the House of Representatives in Abuja. Mr Mukhtar said… Read More »
The World Bank 2010 World Development Report, yesterday, revealed that Nigeria’s per capita income stands at $2,748, falling behind that of Ghana and Cameroun with $10,748 and $10,758 respectively. News report.
Liberal orthodoxy is avuncular and patronising and it bestows upon the “helpless” African a benevolent but malignant label – subhuman. It is malignant because most days these days we spend our waking hours trying to convince the other that well, we are human, just like them. Why do they see us differently from how we… Read More »
He talks about ongoing reforms in the financial sector in Nigeria, the new Asset Management Company that the country plans to float (a way to manage the toxic assets of the banks the Central Bank took over last year), and thoughts of imposing a Nigerian version of the Glass-Steagall Act. HT Bunmi
Matthew Tostevin, Reuters editor for Africa, writes in the Reuters Africa News blog: It now appears very unlikely that Yar’Adua will ever return to office, but that only intensifies the battle ahead of the election due by 2011. According to an unwritten agreement within the ruling PDP party for rotating power between Nigeria’s regions, Jonathan… Read More »