Economy


freedom2

I once read about a story that talked about freedom. Once upon a time, some circus workers captured a baby elephant from its family in the amazon jungle of South America. This elephant was very aggressive and violent towards its captors. It resented deeply its forced seperation from its mother and the rest of its family. It fought its captors bravely but unsuccessfully and they were able to subdue it a little, bind its legs and carry it on a horse drawn cart to the circus camp. (more…)

nuhu-ribadu

Hi guys. It so nice to have me back again aint it? I can hear some of you screaming “when will that guy write an article again?” It’s 11:48pm and I don’t want to sleep before I send this post. I got sent this link while I was networking online. I decided to check it  out immediately especially  because it was sent to me by one of my mentors.

One of Nigeria’s journalists of renown, Reuben Abati’s (more…)

chained-safe

“if God judge count the iniquity of the wicked, who shall stand?”

I seat here watching and listening to intermittently the CEOs of banks in the U.S giving comprehensive account of their transactions with regards to the bailout they got from the government a while ago. I see seated all the CEOs of the big and mightly banks. The JP Morgan Chases, Goldman Sachhs of this world are ably represented as they say what and what they have done with the moneys given to them an what amount of profit or loss they have made. (more…)

dollar-burn

I got reminded yesterday of a particular time in the Bible days when the king of Egypt, Pharaoh, had a couple of dreams that troubled him but lacke the interpretation of it. In fact, he went to all lengths to get an interpretation. His astrologers and magicians stood a risk of death if they couldn’t produce an interpretation for him. He was so troubled by the dream because he had a premonition that it had to do with the state of his empire. In those days, Egypt was the headquarters of the world. (more…)

cenbankofnigeria1

I had some internet training with one of my friends yesterday evening. In fact, the training was supposed to have commenced yesterday morning but it commenced in the evening because my friend came in late. When he came, he narrated his ordeal to us. He had gone that morning to a bank in Ikorodu (GTB) to withdraw money and having completed that transaction successfully had moved to another bank immediately (UBA) in Ikorodu as well to pay in the money. (more…)

nairadollar-on-stairs1

This is quite a lengthy article but a must read for every Nigerian who loves his country. Just when we were beginning to rejoice that our economy was moving vertically upwards and that our currency was getting stronger, something seems to have pulled out the floor from under us and everything seems to be plummeting towards ground zero. I just read this article in the newspapers and feel I need to post it as it is. If those managing the economy of this country are so intent on destroying it, then we who are bound by oaths to save this country need to rise up and deliver the future. The president yesterday or today inaugurated a team that will look into and combat the financial meltdown that is upon us in the country. As usual, he has chosen a reactive means rather than a proactive one to address serious national issues.  I find this article very insightful and interesting. It doesn’t mean that the article portrays my views about the situation or that I totally support the facts but it’s really an eye-opener. It’s titled “Naira’s strategic crash”. (more…)