The courts have given the Nigerian cabinet 14 days to determine whether the president is fit to lead the country. You might recall that the president has been away from the country on treatment for close to two months. From Reuters: Judge Dan Abutu ordered the cabinet to pass a resolution on Yar’Adua’s fitness within… Read More »
The Nigerian government has decided to implement a common year-end for Nigerian banks. The point is that, because banks have had different fiscal cycles they could move money around amongst each other to inflate the value of their total assets. Which was part of what contributed to the banking crisis of ’09. The immediate reaction:… Read More »
Remember Hernando De Soto’s assertion in The Mystery of Capital that success in capitalism is tied to the structure of property and property rights? Seems like someone in the Nigerian government has been reading the book. In ThisDay of today: The Federal Government yesterday said the ongoing land reforms process is intended to launch the large… Read More »
See this presentation on CNN. When we think of the Niger-Delta region and the movements we should remember that the region is one of the most environmentally degraded areas in the world, that this degradation happened in the recent past, and that it is still ongoing. We should not lose sight of that when we… Read More »
Image via Wikipedia It is probably obvious, by now, that I like BusinessDay. This is their editorial today: In what seems to be a major policy thrust in international economic relations and in resolving the festering Niger Delta crisis, President Umaru Yar’Adua on Monday, at the meeting of G8 leaders holding in Japan called for… Read More »