Ban the use of foreign products at official functions and in government offices: Nigeria’s Daily Champion -The Federal Government on Tuesday imposed a ban on the use of foreign beverages at official functions and in government offices. The ban covers tea, coffee, biscuits, fruit juices, water and soft drinks. President Umaru Yar’Adua gave the directive… Read More »
on the American Anthropological Association (AAA) website. From the AAA blog: The economic crisis issue includes: Gillian Tett: Icebergs and Ideologies: How Information Flows Fuelled the Financial Crisis Aaron Pitluck: Ethnography Meets Econometrics: Exploring Daily Work Practices that Lead to Financial Crises Tara Schwegler: The Global Crisis of Economic Meaning Edward F Fischer: Capitalism in… Read More »
Remember this story about the Nigerian central bank taking over five Nigerian banks? Well, it seems that a result of that has been a sort of credit crunch in the country. From the BBC: Lagos-based manufacturing firm, supplying cables to Nigeria’s fledgling national grid. With more than 500 skilled staff, it is exactly the kind… Read More »
Nneoma of Pyoowata writes in a review of Nigerian bloggers’ response to ‘District 9’ for NigeriansTalk.org: In an interview with the Huffington Post, Neill Blomkamp states that the small population of Nigerians in South Africa is indeed responsible for the majority of crime in his country. In keeping with his bias against Nigerians, District 9… Read More »
A news story on crossing from Benin to Nigeria, through the Seme border: “At every half kilometre, you encounter checkpoints manned by all sorts of agencies. This is a real problem to the sub-region,” he said. “On a bad day, from the Seme border down to Lagos, you meet over 70 checkpoints and they all… Read More »
1. Remember the list of debtors that was published a last week by the Central Bank of Nigeria? Well, some of the money is now recovered 2. It seems that the Nigerian stock market is getting over the initial shock of the banking reform 3. More on the effects of the rescue of Nigerian banks… Read More »
Mr. Lamido Sanusi, Nigeria’s not-so-long-ago-appointed Central Bank Governor, a risk-management person, is at it. From Financial Times: “A few Nigerian banks, mainly due to huge concentrations in their exposure to certain sectors … but [also] due to a general weakness in risk management and corporate governance, have continued to display signs of failure,” Mr Sanusi… Read More »
Abstract The report provides a comparative study of the impact of Asian companies on the two leading oil producing countries in sub-Saharan Africa, Nigeria and Angola. The report shows that Asian companies that gained a foothold in the Nigerian oil sector in return for their commitments to invest in downstream and infrastructure projects failed to… Read More »
From Vanguard: Nigeria’s excess crude account has dropped from $20 billion (N3.004 trillion) at the beginning of the year to $11.2 billion (N1.646trn) in June. This implies that in the last six months, the various tiers of government in the federation have shared a total of $9bn (N1.323tr) from that account. This use of the… Read More »
1. The story of VW and Porsche, told by The Economist 2. The invisible hand is broken Or ‘Adam Smith might say the current crisis is proof the market works’ 3. Cotton producers press rich nations on cotton subsidies 4. Why did the price of meat drastically drop drastically yesterday at the Douala IV council, Bonaberi? Check it out here. 5. Love in… Read More »