Thorny path: A replay of how Tesaro got its $5.1bn GlaxoSmithKline buyout
Businessam Staff
20 hrs
With its Tesaro buyout, GlaxoSmithKline chief executive officer, Emma Walmsley, finally beefed up in oncology, one of the fields she tagged for growth about a year ago. For the small biotech, the sale marked the end of a longer and more arduous journey. On February 23, 2017, teased by a large pharma company, Tesaro’s board […]
The Rise, Fall, and Rise Again of Boko Haram
Eeben BarlowNovember 28, 2018
By Eeben Barlow A BRIEF OVERVIEW OF BOKO HARAM The West African state of Nigeria, currently considered Africa’s largest economy, has, in the north-east of the country, been under sustained attack by an armed, radical Islamist movement, until recently known as Boko Haram. “Boko Haram” is the popular name for the “Sunni Community for the […]
Regulatory zeal and FDI
Businessam StaffSeptember 4, 2018
By SBM Intelligence Last week, the Central Bank of Nigeria (CBN) disclosed that it had hit four banks with fines to the tune of ₦5.65 billion ($15.83 million) for breaching Nigeria’s forex rules using irregular Certificates of Capital Importation (CCIs) to remit dividends on behalf of MTN Nigeria’s offshore investors. In addition, the regulator […]
Not enough people are paying attention to this global economic trend
Businessam StaffAugust 13, 2018
By the second semester of my freshman year at Harvard, I had started going to classes I wasn’t signed up for, and had pretty much stopped going to any of the classes I was signed up for – except for an introduction to economics class called “Ec 10.” I was fascinated by the subject, and […]
Will Djibouti become latest country to fall into China’s debt trap?
Businessam StaffAugust 2, 2018
By Amy Cheng Djibouti lies more than 2,500 miles from Sri Lanka but the East African country faces a predicament similar to what its peer across the sea confronted last year: It has borrowed more money from China than it can pay back. In both countries, the money went to infrastructure projects under the aegis […]
Epidemics and Economics
BusinessamJuly 2, 2018
David E. Bloom, Daniel Cadarette & JP Sevilla Infectious diseases and associated mortality have abated, but they remain a significant threat throughout the world. We continue to fight both old pathogens, such as the plague, that have troubled humanity for millennia and new pathogens, such as human immunodeficiency virus (HIV), that have mutated or […]
Petroleum industry reforms: Understanding elements of governance bill (PIGB)
Chijioke Nwaozuzu & Isreal OnyijeJune 29, 2018
Preamble The oil and gas industry has been the pivot on which the Nigerian economy has depended for decades. This sector accounts for more than 80 percent of foreign exchange revenue, but contributes less than 20 percent to the nation’s gross domestic product (GDP). In spite of the huge revenue accruing from sales of oil […]
Reinvest oil subsidy in renewable power, create energy bank – Energy Economists
CHIJIOKE NWAOZUZUJune 28, 2018
By Chijioke Nwaozuzu & Isreal Onyije The emerging global energy landscape has implications on emerging energy economies because of changes in technology, economics and public policy. These changes have turned major energy importers to exporters (e.g the US); unconventional energy sources becoming conventional and made renewable energy components of the global energy supply mix, significant. […]
Kemi Adeosun: Driving far-reaching reforms in Nigeria’s fiscal operations management
Businessam StaffMay 28, 2018
By Oluyinka Akintunde With the inauguration of the current administration in May 2015, and subsequent assumption of duties as minister of finance in November 2015, Kemi Adeosun has focused her attention on the initiation, development and aggressive implementation of innovative fiscal operations management policies and initiatives aimed at redressing the economic fortunes of the country. […]
Of Trans Forcados pipeline, shut-ins and the 2018 national budget
Steve OmanufemeMay 28, 2018
Expectations are high that Nigeria’s 2018 budget of N9.12 trillion will consolidate the nation’s gains since exiting the debilitating recession last year. Announcing its passage at the Nigerian Senate Wednesday, May 16, 2018, Bukola Saraki, the Senate President, reiterated the often-expressed imperative that “Nigeria must grow and diversify its economy away from oil”, while hopeful […]