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A Federal Capital Territory (FCT) High Court sitting before Justice Husseini Baba-Yusuf has denied the embattled former National Security Adviser (NSA), Sambo Dasuki, the bid to regain his freedom and have the charges preferred against him quashed, affirming that the EFCC or DSS never flouted court order on bail by re-arresting him. Justice Baba-Yusuf, while […]

New investors, particularly manufacturers and agro-allied industries, are abandoning Lagos for Ogun State, as the latter offers better incentives and fewer hurdles for businesses, BusinessDay has found. “The production value recorded by the Ogun Industrial Zone accounted for 69 percent of total production for all zones, thus re-confirming Ogun as the industrial hub of the… […]

A couple of weeks ago following the worrisome sack of many PDP governors and legislators by the Court of Appeal, I wrote an article “The judicial decimation of PDP & Its implications”. Among other things, I drew the attention of Nigerians to the dangers of a one – party state. With the way things were going, it looked like… […]Read More

At the time of writing, I pondered on the philosophy behind Nigeria’s economy since independence in 1960. Today, it may be difficult to say categorically that Nigeria is operating a capitalist economy. Can we say we are operating a free market economy? I do not know. But may be the nation operates a combination of free market and capitalist economies. Nigeria cannot be running a purely free market or capitalist… […]Read More

African countries should only allow duty-free manufactured goods’ imports for the same amount of manufactured goods that they export.Customs duties should apply to trade in excess of this threshold.Reciprocity by Africa’s trading partners would be just as well. Ultimately, this would incentivize local production as Africa’s more industrialized trading partners realize the exports market for… […]Read More

Ministries, Departments and Agencies (MDAs) and banks are holding back against a push by the Federal Government for the full implementation of the single treasury account, (TSA) BusinessDay investigations show. Consequently, Kemi Adeosun, finance minister and some other analysts have traced the less than satisfactory performance of the policy, as manifested through reduction in revenues… […]

Flour Mills Nigeria Plc was incorporated in September 1960 as a private liability company, and commenced operations in 1962 with an installed capacity of 600 metric tons per day.  The company was converted to a public limited liability company in 1978, and its shares were subsequently listed on the Nigeria Stock Exchange (NSE). In its… […]

The strategy to secure wealth across generations is to invest in stable assets of low volatility and risk assets that attract appreciation and sustainable cash flow as well as to instil financial literacy in the younger generations, among other factors. This was revealed by Ade Buraimo, an investment banker/CEO, Alpha Morgan Capitals Limited, saying it… […]

Submitted by John Whitehead via The Rutherford Institute, “If you can’t say ‘Fuck’ you can’t say, ‘Fuck the government.’” ? Lenny Bruce Not only has free speech become a four-letter word – profane, obscene, uncouth, not to be uttered in so-called public places – but in more and more cases, the government deems free speech […]Read More

Last Thursday, January 28, there was a flash crash on the price chart for silver. Here is a graph of the price action.    The Price of Silver, Jan 28 (All times GMT) If you read & comment now about it, you will see that there was an irregularity around the silver fix. At the […]

The world is in panic mode as stock markets around the globe recorded massive losses on Monday. From Asia to Europe to the United States stocks are taking a beating. Whilst this was happening, the Nigerian Stock Exchange recorded major gains yesterday as the index gained 2% after three straight days of losses. Yesterday’s gain […]

I was one of a lot of Nigerians who were happy to see Netflix offer services across many countries including Nigeria. So, like many others I signed up quickly and saw a few series same day night to my satisfaction. I have not gone back to it since then. When you sign up to Netflix you […]