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Topical Issues

Domestic Employment: Employer or Master?

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There is something menacing that goes in Nigerian households that we conveniently disregard. We treat domestic staff as if they are incapable of feeling and expressing human emotions. We shower them with so much disapproval and criticism, yet we don’t realise that  it’s the cause of their poor performance. If you ...

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Uber Or Small Chops?… Your Choice

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“People who cannot invent and reinvent themselves must be content with borrowed postures, secondhand ideas, fitting in instead of standing out” – Warren Bennis In the past couple of weeks, Uber Lagos has been on an aggressive drive to grow their clientele by offering riders a whooping 40% reduction in their ...

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Verbal Abuse In The Workplace

Boss putting his finger in front of an employee to bully her
** Note: Shallow depth of field

“Management by fear never works; respect rules the day for optimal results…”  – LynnTaylor While we are addressing the rampant trend of domestic abuse cases in Nigeria, I feel it is crucial to draw our attention to a similar vice that many choose not to talk about, yet it’s impact in ...

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Nigeria officially in recession

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An enlightening synopsis of the Nigerian economy by Chidi Ileka, Head Transaction Banking, Union Bank of Nigeria Plc. Yesterday, the National Bureau of Statistics (NBS) released the Q2 GDP growth rate and July 2016 inflation. The second consecutive quarter of negative GDP growth shows Nigeria is officially in a recession. ...

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CBN’s big stick and the Naira

CBN

The Central Bank of Nigeria (CBN) wielded the big stick on Tuesday August 23, 2016 by suspending nine banks from the foreign exchange (forex) market for their failure to remit a total of $2.334 billion Nigerian National Petroleum Corporation (NNPC)/Nigerian Liquefied Natural Gas (NLNG) Company dollar deposits to the Federal Government’s ...

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Nigeria’s economy and way forward

Nigeria

An interesting read… Enjoy the thought provoking paper delivered by Chief M. K. Ajayi JP. (FNIM, FCIS, FCIDA, FICA, ACIPM) General Manager, Western Ports, Nigerian Ports Authority at the induction of new members of the Institute of Credit Administration on August 20, 2016 at Westwood Hotel, Ikoyi, Lagos. NIGERIA’S ECONOMY ...

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Forex crisis and Hezbollah rockets

Forex

You wonder what correlation there is between foreign exchange (forex) and Hezbollah rockets? …I’ll tell you a tale. A few days ago, I was in a business discussion with the Trade Manager of a manufacturing Company in Ikeja, Lagos. A fine Gentleman from Myanmar, given to dramatics, Jack would usually ...

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CBN and the flexible exchange rate system

Exchange Rate

After several months of grappling with the dwindling fortunes of the naira, the Central Bank of Nigeria (CBN) finally liberalised the foreign exchange (FX) market by the re-introduction of the flexible exchange rate inter-bank market. The move, which the CBN Governor stressed, is in line with the bank’s objectives of; ...

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