Tahir Mamman goofed.
Until last week, very few knew who Tahir Mamman was. It was fitting therefore that he announced himself in a way symptomatic of this government. The minister announced during his interview with Seun Okinbaloye on Sunday Politics that students under the age of 18 will not be allowed to sit the West Africa Examinations Council […]
Business confidence rises on expectations of monetary policy stability
The Central Bank of Nigeria (CBN) business survey for July 2024, released last week, has thrown up optimism for increased business confidence in the economy as the Naira is expected to stabilize over a six-month period. Outlook for August, October, and January 2025 shows indices of 7.6, 19.3, and 30.7, respectively, with businesses expecting greater […]
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LCFE at the forefront of FG’s 0% duty on staples, ameliorate food shortages
The Lagos Commodities and Future Exchange (LCFE) is set to lead the efforts of the federal government at addressing food shortages through the importation of staples foods such as rice, sorghum, wheat, millet, maize, and beans, ThinkBusiness Africa has gathered. The federal government, through the Nigeria Customs Service (NCS) released on Thursday the plans for […]
My three takeaways from the recent protests
Ahead of the recently concluded protests, I found it surprising that the government was too jittery and felt that those who called for the protests would listen to the voices of elders and traditional rulers that they believe was responsible for their hunger and hopelessness. I believe it is this understanding that made Farooq Kper0gi, […]
A Landmark Event for West Africa: The ESRI User Conference 2024
West Africa is on the cusp of a geospatial revolution, and the ESRI User Conference West Africa 2024 is set to be its epicentre. Scheduled for September 10-11 at the NAF Conference Centre in Abuja, Nigeria, this premier gathering will bring together a diverse community of GIS professionals, academics, and industry leaders to explore the […]
Revenue Leak: N4.1tn Hole in Government’s Purse – FAAC
Nigeria is grappling with a massive revenue haemorrhage as government agencies fail to remit billions of naira to the Federation Account. The Federation Accounts Allocation Committee (FAAC) has revealed a staggering N4.1 trillion in unremitted funds as of June 2024, despite efforts to reconcile and recover outstanding debts. The Nigerian National Petroleum Company Limited (NNPC) […]
FCCPC Approach Suggests Targeted, Predatory Investigations against Foreign and Big Companies
Following the recent press releases by the Federal Competition and Consumer Protection Commission (FCCPC), especially the fines of US $200 million against WhatsApp and its parent company Meta, and the report on Coca-Cola and Nigerian Bottling Company regarding product labelling, this analysis provides context, background, and asks whether FCCPC is targeting big and foreign companies […]
First Bank of Nigeria appointed Olusegun Alebiosu as its sixth managing director /CEO in this century.
Two months ago, Nigeria’s oldest lender, First Bank of Nigeria appointed Olusegun Alebiosu as its sixth managing director /CEO in this century. In this analysis, Proshare X-rays what the Risk background of the new CEO means for the Bank. The analysis projects the future and outlook for the bank by piecing together the thread of […]
President Tinubu is tying Cardoso’s hands over macroeconomic stability
On Wednesday 31st of July, as many Nigerians were making plans either to be part of the nationwide protests scheduled for the next day or watch proceedings online, the National Assembly hurriedly amended the Central Bank of Nigeria Act 2007. The lawmakers passed a bill to amend Section 38 of the CBN Act, raising the […]