That ExxonMobil, Seplat transaction and regulation
Businessam Staff
August 16, 2022
There is never a shortage of controversy in Nigeria. In the political and economic life of the country, it is very difficult to go a day without one controversy or the other. In the oil and gas industry one is already on and given that this is one of the most opaque terrains of the […]
First Bank: Limits to boardroom bullying when the regulator steps in
Businessam StaffMay 3, 2021
EVIDENCES OF sagacity of the great thinkers on corporate governance principles entail an understanding of possible overreach and high handedness of individuals with greater leverage in corporate settings. Influential maestros in the boardroom, it was feared, might bully the less powerful into acquiescence and complicity, keeping them perpetually vulnerable. The weak ones therefore need to […]
Nigeria: Living on foreign loans, borrowed time
Businessam StaffAugust 10, 2020
ACCUMULATION OF DEBTS by successive Nigerian governments has become a time bomb, ready to explode anytime soon. Although reliance on foreign loans to a limited extent to execute some government projects is not a bad idea, the conditionality needs to be borrower-friendly. Problems arise when a government’s borrowing profile is rising higher than normal and […]
Beyond closure of Third Mainland Bridge
Businessam StaffAugust 5, 2020
The movement of the political capital of Nigeria from Lagos to Abuja 29 years ago appears not to have significantly changed anything about decongesting Lagos. Over those years, as the commercial life of Lagos had continued to attract more people and the city continued to grow, the infrastructural problems grew in tandem. Lagos State, now […]
Ambode’s connective governance approach
Anthony OgboJune 27, 2018
We know that gorvenance in Nigeria is challenging. At federal, state and local governments, governance appears to be mystifying and defies the understanding of many well-meaning Nigerians who, rightly so, do not think it is rocket science. We know that there is a lot of talk about corruption being a major bane of progress in […]
Of macro and micro citizens’ policy focus
Businessam StaffJune 11, 2018
What approach or approaches do the Federal and State governments in Nigeria adapt in the economic treatment and management of their people? The Nigerian system is an arrogant one. People largely tend to be disrespectful to other people and it is worse if one as much as has levers of political or economic power over […]
Government paranoia against business
Businessam StaffJune 4, 2018
We think there is too much schism about in this country. There is mutual suspicion, distrust everywhere and the one that worries us most is government paranoia against business. We feel strongly to write about this again because we think that for far too long this paranoia has held Nigeria in a bad way. We […]
Where’s the N2.8trn capital disbursement
Businessam StaffMay 28, 2018
We will continue to ask this question: What’s the purpose of government? It is increasingly becoming difficult to find a proper answer to this question in present-day Nigeria. And that is because nothing seems to shock anymore, not even the death of citizens in the most brutal and inhumane ways. We say this because we […]
Intrigues around a budget
Businessam StaffMay 21, 2018
You can bet that both the Executive and the Legislature expect,‘We the people’, to be grateful that, at last, the 2018 Appropriation Bill has been passed. That we can all now get on with our lives; and that it does not matter that just a handful of elected officials had put on hold, for seven […]
We’re fine, our debt to GDP ratio’s 20%
Businessam StaffMay 14, 2018
We are not particularly fans of Bretton Woods institutions, namely International Monetary Fund (IMF) and the World Bank; if you are like us, a skeptic and take with a pinch of salt whatever they dish out strongly believing that they do not genuinely represent the interest of developing countries most of the time then you […]