Brexit extension: How much will it actually cost the UK to leave the EU?
Jonathan Perraton
April 20, 2019
By Jonathan Perraton EU leaders have agreed a short extension to Brexit until October 31 at the latest, in order to give the British parliament time to agree a deal. This date avoids the UK still being a member when the next EU budget cycle starts – but what does it mean for the “divorce bill”, […]
The small business myth
Chris IkosaFebruary 27, 2019
By Benjamin C. Waterhouse Small businesses enjoy an iconic status in modern capitalism, but what do they really contribute to the economy? Small business is the hero of modern capitalism. Owners of small firms are the virtuous strivers, the job creators and the plucky entrepreneurs who drive the economy. ‘Small businesses make a huge contribution […]
As the dark cloud hangs on the economy, Nigerians wait on time
Moses ObajemuJanuary 12, 2019
BY Moses Obajemu For Nigeria and Nigerians, year 2019 portends a very scary economic picture. The signs are ominous and are discernible across the length and breadth of the country. For the optimistic few who tried to assuage their fear of the gravity of what lies ahead, the declaration by President Mohammadu Buhari that […]
Thorny path: A replay of how Tesaro got its $5.1bn GlaxoSmithKline buyout
Businessam StaffDecember 18, 2018
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 […]