It is just a few hours to the rescheduled Presidential elections in Nigeria. Another classic battle between the ruling party; All Progressive Congress (APC) and the main opposition party; Peoples Democratic Party (PDP) is on the cards. The country is on edge, emotions are running high, the economy has taken ...

The beauty of an acoustic musical instrument lies in it’s proper maintenance. That is only when you’re guaranteed high quality sound from the instrument at all times. Many pianos and other wind instruments like saxophones, clarinets, flutes and some string instruments like violins, banjos and sitars are prematurely abandoned due ...

“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 ...

Peter Obi’s legendary stand for frugality is no longer news and have earned him the unenviable sobriquet; “aka gum“. Literally translated; “sticky hands”, the Igbo term implies that money in his hands doesn’t flow out. The former Governor of Anambra State was a guest speaker at “The Platform”, a nation ...

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. ...

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 ...

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; ...

I came across this classic message on Nigeria by the Late Archbishop Benson Idahosa and the urgency in his voice compelled me to share. In the short clip, recorded at an Armed Forces Remembrance Day in Benin, probably in the Eighties, the revered Archbishop Idahosa addressed the subject of Nigeria ...

The recent decision by the US Federal Reserve Bank (Fed) to hike interest rate for the first time in almost a decade is triggering serious concerns around the world and poised to further pressure the Central Bank of Nigeria (CBN) to devalue the Naira. The move is expected to lead ...

After four months of intense engagement by stake holders, the Central Bank of Nigeria (CBN) eventually yielded to sound reasoning and released a circular, allowing importers of the restricted 41 items, that have letters of credit opened prior to the policy change, access to the foreign exchange market. The CBN had ...