Godwin Emefiele, the chief executive officer, Zenith Bank Plc, has been appointed as substantive Governor of the Central Bank of Nigeria, CBN. He replaces Sahusi Lamido Sanusi, who was suspended this morning by President Goodluck Jonathan. Bayo Adelabu, executive director, First Bank Plc has also been named deputy governor, replacing Tunde Lemo. The names of the…
President Jonathan Suspends CBN Governor Sanusi
In what appears to be a tale of the hunter being the hunted, Lamido Sanusi, governor, Central Bank of Nigeria, CBN, has been suspended by President Goodluck Jonathan. Sanusi who has been having a running battle with the petroleum ministry and the Nigerian National Petroleum Corporation, NNPC, over his allegations of $20 billion missing…
Keke Marwa: New Business Frontier for Women
Driven by the need to make ends meet, many women have abandoned their traditional area of business to become commercial tricycle operators, which they consider more profitable Time was 7.30am, Tuesday, February 4, 2014, and Bose Ogunlana, 34, had just finished preparing her three children for school. She too was getting ready to leave the…
‘Our Budgets Service the Bureaucracy’ – Babafemi Ojudu
– Babafemi Ojudu, vice chairman, Senate Committee on Establishment and Public Service Looking at the 2014 budget proposal, it is more than 75 per cent recurrent and less than 25 per cent capital. What does it say about this country and our budgeting process? I think it says more than we are even aware of.…
Budget on the Altar of Politics
Despite public outcry on the need to cut the cost of governance, the executive and the legislature continue to encourage corruption through padding of national budgets It is not so difficult to see that the split in the ruling Peoples Democratic Party, PDP, and the gale of defections in the National Assembly, NASS, are the…
Endless Wait for 2014 Budget
Threats to block executive bills, including the 2014 budget, by members of the opposition All Progressives Congress in the National Assembly may further worsen the economy A recent report by the Nigerian Bureau of Statistics, NBS, estimates that 54 per cent of Nigerian youths are currently unemployed, while the rate of unemployment keeps rising, from…
Saving a Multi Billion Dollar Investment
The federal government and Delta State collaborate to save the multi-billion dollar gas project at Ugborodo, Delta State, threatened by feuding host communities Twice in a space of two weeks, the federal government read out the riot act to the feuding parties in the seemingly intractable crises that have claimed many lives and made life…
No Cause for Alarm
Ngozi Okonjo-Iweala, finance minister, sends a 102-page document to the House of Representatives Committee on Finance, showcasing the government’s achievement so far Ngozi Okonjo-Iweala, minister of finance and coordinating minister for the economy, has probably never been under as much pressure as she has experienced recently. Since mid-last year, she had at one time or…
A Nigerian to Head New York City Housing Authority
Shola Olatoye, a Nigerian whose parents are migrants in the United States, has been appointed the head of New York City Housing Authority, NYCHA, which oversees the city’s public housing of over 400,000 residents. Bill de Blasio, mayor of New York, who announced the appointment, said Olatoye would be part of the new team he has set up to help fulfil his goal…
We Must Run A True Federation’ —- Nda-Isaiah
Sam Nda-Isaiah, publisher, Leadership Newspaper has emphasized the need for Nigeria to run as a true federal system if the country must develop to the desired level. He said this during a courtesy visit to the corporate headquarters of TELL Communications Limited, publishers of TELL Magazine and Broad Street Journal, BSJ. Nda-Isaiah…
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