Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), regained his freedom last night and was immediately picked up by operatives of the Economic and Financial Crimes Commission (EFCC). TheCable understands that he is being interrogated and there are indications that fresh charges will be filed against him. Emefiele had been in the…
We have sold forward FX contracts so some of our future FX earnings are encumbered. Essentially, some of the FX we are yet to earn does not belong to us. Under the infrastructure tax credit scheme, some of our major company income tax payers were awarded roads to either rehabilitate or construct and are entitled…
By Ogaga Ariemu President Bola Tinubu has appointed Dr Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN) Cardoso is to serve a term of five years in the first instance, pending his confirmation by the Nigerian Senate. Ajuri Ngelale, Special Adviser to the President on Media and Publicity, disclosed…
By Prof Mike A. A. Ozekhome, SAN, CON, OFR, FCIArb, LL.M, LL.D., Ph.D, D.Litt. Politics and Law have been an age-long issue of discourse in governance and leadership. These are pivotal points revolving around every national question. The essence of law is to prescribe laid down standards, rules and regulations for controlling affairs within the…
The Director General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has debunked alleged statement claiming that she is being attacked for visiting President Bola Tinubu. The former Nigeria’s Minister of Finance in a post on Twitter on Wednesday evening, described the statement which she said was being circulated on WhatsApp as “wickedly false designed…
The economy of the former Eastern Region was planned from ground up by the US consulting firm Arthur D. Little Dr. Azikiwe brought them and they worked with M I Okpara at first, then with Sam Otti and later Eluwa who headed the Civil Service and later with Sir Louis Phillip Odumegwu Ojukwu who at…
A South African businessman, Johann Rupert, has displaced Nigerian billionaire and founder of the Dangote Group, Aliko Dangote as Africa’s richest man as a result of the depreciation of the Naira. Rupert currently boasts a $12 billion net worth according to Forbes Magazine in its Real-time global Billionaires Ranking while Dangote’s net worth is put…
Contrary to the impression that most Nigerians have, marketing and sales are two different things and most people we refer to as marketers are actually sales men and women. Sales and marketing have distinct roles in business. Sales is about closing deals and generating revenue through direct interaction with customers. Conversely, marketing takes a broader…
By Akinwale Yekeen President Bola Tinubu has suspended Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC). President Tinubu gave the approval for Bawa’s suspension on Wednesday to allow for a proper investigation into his conduct while in office. Bawa has been directed to immediately hand over the affairs of his office to…
I believe this is out in the open. I pray the government could muster the will to control these leakages. THE REAL SUBSIDIES ARE NOT FOR THE POOR, BUT THE RICH. FEMI FALANA, SAN Globally, subsidies, whether for food, transportation, energy or housing, are part of good governance. So, the issue is not subsidies but…
