“Ebi npa wa,” or, we are starving, is the emblem of want, deprivation, probably famine. It is an expression of the desperation and fear that Nigerians confront in these days of 31.70 per cent headline inflation and 35.92 per cent food inflation. During the last Easter celebrations, the spoons in many homes went on holiday and…
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 31stAnnual Best Bank Awards Winners. The editors of Global Finance made the selections after extensive…
Recently the naira surprisingly experienced a gain in value. But it was only because demand for the dollar inexplicably dipped. Imagine if buyers of Nigeria’s petroleum must first buy the naira in order to pay Nigerian National Petroleum Company Limited. Kenya’s President William Ruto wonders, “Why (it is) necessary for Africans to buy things in…
Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN). She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after a very successful tenure. Dame (Dr.) AdaoraUmeoji is the first female…
By acting in ways incongruous with their schedules, some public office holders demonstrate a lack of focus. If they do, they may be deliberately creating, for themselves, opportunities to spend public funds inappropriately. Governor Yemi Cardoso of the Central Bank of Nigeria delivered two million bags of fertilisers worth N100bn to the Minister of Agriculture…
Maybe you’ve seen television footage or newspaper reports of President Bola Tinubu meeting with Aliko Dangote of Dangote Group and AbdulSamad Rabiu of BUA Group, leading members of the cement cartel, whose pricing has become skittish. That tells you that the President, who said, “We are looking for additional efforts that might help the downtrodden…
Following is how Wikipedia describes the theme of Maya Angelou’s autobiographical novel, I Know Why the Caged Bird Sings: “Those without freedom suffer through imprisonment. Not being able to be one’s true self can result in damaging consequences in a person’s state of mind and success. “A person who constantly feels the weight of discrimination…
Because the government of President Bola Tinubu is slow in responding to the frightening insecurity and spiralling economy of Nigeria, suggestions on how to turn things around should be offered without worrying if they will be rebuffed or even ignored. As kidnapping, murder and (somewhat reduced) insurgency fuel insecurity, the sputtering economy is accompanied by…
The boastful people of southwestern Nigeria, who insist that their region is the most prosperous and the most secure in Nigeria, must now ask themselves, “Quo vadis?” Their pride of place doesn’t seem secure anymore. The Afenifere sociopolitical association that birthed the Alliance for Democracy political party of the South-West ahead of the return of…
This question is necessary because Nigerians are wondering why a government that came with a can-do posture is acting clueless the same way the government of former President Goodluck Jonathan acted. With the current shortage of cash in circulation within the Nigerian economy, one must ask if Godwin Emefiele, who couldn’t think through his naira…