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Nigeria’s automotive industry that has been largely import dependent has been fingered as new investment area that would attract investors for local production and assembling. With the country’s huge population estimated at 170 million and over 40 million within the growing middle class, PWC projects that with continued government support, the Nigeria auto industry will… […]Read More

Nigeria is facing a youth unemployment crisis. This problem affects the daily lives and long-term futures of 5 to 12 million youth who are currently unable to find work to sustain their households – that’s nearly a quarter of Nigeria’s entire population. These youth are entering the labour market unprepared with inadequate skills that the… […]Read More

Diaspora Nigerians with existing bank accounts in Nigerian banks have been subjected to rigorous queues and long processes in order to enroll for the compulsory bank verification number (BVN) as directed by the Central Bank of Nigeria (CBN). Meanwhile the CBN has extended the BVN deadline for Nigerians in Diaspora to January 31, 2016 to… […]

The ember months are here again and in the usual characteristics of the season, we are always tempted to buy and buy. And incidentally, we find that prices of goods and services are on the rise because of the mad rush and last minute buying for Christmas and New Year. Most people are in a… […]

The budgetary process for both capital and recurrent expenditures is comprehensive and the final cost baseline must be closely followed to the letter during execution. Any changes to the budget should go through the change management process for it to take effect. Proper internal control mechanisms to detect fraud and deviation from the budget should… […]

Experts have raised concerns over local industries’ continued near total dependence on foreign technological input, particularly at a time that the Nigerian government is desperately looking for ways to boost foreign exchange earnings by encouraging increased exports and moving focus away from the current mono-product economy. Available statistics show that 80-90 percent of the technologies… […]

Nigeria’s economy is growing at the slowest pace this decade as oil prices drop. Companies are complaining they can’t get the dollars they need to do business. And trading in the naira has long since dried up. There are many good reasons why Godwin Emefiele, who runs the central bank of Africa’s biggest economy, should… […]Read More

Nigeria’s already beleaguered business and finance leaders caught up in one of the world’s most unfriendly business environments, according to the World Bank annual ranking, are waking up to a new, vicious threat to their operations – regulators some say are running amock. The Nigerian Communications Commission (NCC) the country’s telecommunications regulator, last week slapped… […]Read More

In this column last week, it was stated that innovation needs to be understood broadly and be accepted as the result of complex interactions among various segments of the nation’s economy, such as firms, education and research institutions as well as the public sector. There is no easy fix for complex, dynamic problems and perhaps… […]

They’re up, they’re down, and they’re up again. The Department of Labor’s latest monthly report shows that the legal industry gained 4,700 jobs in September, a large increase following August’s loss. But even those late-summer numbers are looking better in autumnal light. The DoL also revised August’s numbers, saying only 900 jobs were lost that […]Read More

With the stroke of a pen yesterday, California became the fifth and largest state to allow physician-assisted suicide when Gov. Jerry Brown signed the End of Life Option Act. The Act allows doctors to prescribe lethal doses of medicine to mentally competent adults suffering from a terminal illness. The bill had divided medical, ethical, and […]

The retirements of Hon. Ann O’Regan Keary and Hon. Harold L. Cushenberry, Jr. from the DC Superior Court leave vacancies that the Judicial Nomination Commission is eager to fill. The Commission recently forwarded a list of nominees to President Obama. Candidates for Judge Keary’s Seat The following candidates have been recommended to fill Judge Keary’s […]Read More