Naira’s devaluation journey
MARTIN Ike-Muonso
May 25, 2020
The tragedy of the Naira is that it has a single source of strength and many pulldowns. Its energy hails from the foreign exchange earnings from crude oil exports. 95% of the foreign exchange that enables us to make purchases overseas relatively conveniently are from this source alone. Other sources of foreign exchange such as […]
RE: What insurers won’t tell you
Francis EwheridoMay 25, 2020
I would not have bothered to do this rejoinder to the article with the above title by Mr. Azuka Onwuka in the Punch Newspaper of May 12, 2020, because he did a tremendous job for the insurance industry as a non-insurance professional. His article was very informative and largely accurate, but there are some inaccuracies, hence […]
Africa’s grim prospects POST-COVID-19 (3)
Olukayode OyeleyeMay 18, 2020
PANDEMICS HAVE BEEN infrequent occurrences since the past half a century – the age of unprecedented breakthroughs in life sciences. When they occurred, their spread, prevalence, the morbidity, mortality or case fatality rates have not been as scary to nations, political leaders, business communities and medical professionals as the affliction that befell the world in […]
Of government prioritisation of Dangote Refinery
MARTIN Ike-MuonsoMay 18, 2020
Although we have four petroleum refining facilities and issued licences for the construction of additional twenty-five, we import refined petroleum products like every other non-oil-producing country in the world. In 2018, the federal government spent N2.9 trillion on the importation of petrol only. It was a 50% increase over the 2017 petroleum import spending of […]
Africa’s grim prospects post-COVID-19 (2)
Olukayode OyeleyeMay 11, 2020
AS THE NATIONS of the world wait to see the end of the global pandemic of unprecedented proportions, key issues that will shape lives, economies and countries’ fortunes after the pandemic are rapidly emerging and becoming obvious at a fast quip. While the industrialised countries in the global north are frantically pulling intellectual and financial […]
Now that Nigeria’s economic diversification is hot on the table
MARTIN Ike-MuonsoMay 11, 2020
Although shaken by the tempest of the sinking oil prices, we still possess vastly untapped natural re-sources. That abundant natural heritage reassures the confidence we have that we can navigate out of the morass of depleting oil prices. Our favourable climate and fertile land support plentiful agri-cultural harvests as well as animal grazing. The northern […]
Africa’s grim prospects post-COVID-19
Olukayode OyeleyeMay 4, 2020
SIGNS OF WHAT to expect after the Coronavirus pandemic are already in the horizon. Those who fear the worst may ultimately happen have their point proven and corroborated by the unfolding realities. That point has just been amplified by Antonio Guterres, Secretary General of the United Nations. His worries were anchored on what he described […]
Covid-19-heightened risks and insurance
Francis EwheridoMay 4, 2020
Since the COVID-19 Pandemic hit our shores, with the attendant lockdown, many Nigerians have stopped earning income. For these Nigerians, they must go out every day before they can make money. Some other Nigerians are lucky; they can work from home and earn an income. But whether you earn or not, you must spend. That […]
2020 Oil Price Shock and the Nigerian Bank Performance
MARTIN Ike-MuonsoMay 4, 2020
Numerous hiccups dotted the traditional financing model of Nigeria’s upstream oil sector and invariably made way for alternative options. Domestic bank funding was one of those financing options. Before that, joint venture, production sharing contracts, and service contracts were the dominant vehicles for financing upstream oil sector projects. However, persistent delays and defaults by the […]
How powerful was Abba Kyari?
MARTIN Ike-MuonsoApril 27, 2020
Unarguably, the late Abba Kyari was powerful. And he remained so even to the point of his burial. As we already know, those who are powerful are those who not only control people and structures but to a considerable extent, influence the eventual outcomes of target goals. The higher such people are in the command […]