Conoil Plc, Mike Adenuga’s Oil Coy, in trouble!

With the public chastising of Conoil Plc last Wednesday by members of the Senate Committee on Public Account, an uncanny connect was established between the arrest and brief detention of Dr. Mike Adenuga by the Economic and Financial Crimes Commission in November 2006 and the culpability of his oil company, Conoil Plc in withholding statutory [...]

ANOTHER FIT OF RANTING AT OFFICIAL INANITIES OF 2008

In an import dependent country where even toothpicks are imported into the economy, is it not logical that all the malignancies that diseased the exporting economies from which we import our goods and services are certainly imported into the country. The naira had since crashed against the benchmark dollar in the foreign exchange market; crude oil price is yet to settle at its economic natural point on the downward drive in the face of present realities and the nation profiles an infrastructure deficit that threatens to kill off any wealth sustaining or creating initiative. Yet the experts in Abuja talk flippantly of a national economic that can withstand the onslaught of the consequences of the global financial meltdown. Noting can be more rubbish.

NIGERIAN ENTERPRENEURS SCARE: GOVERNMENT POLICIES THAT DESTROYED BIG-TIME BUSINESSES

Only the naïve entrepreneur in Nigeria is excited with the contemplation of floating a manufacturing concern. The wise ones, schooled in the experiences they have had to contend with in the ever changing dynamics of manufacturing and other investments tasks in the production lines have fled the scene to the shelter of trading and merchandising. [...]

Promoting smoking habit?

What do we do with a drag of smoke? Perhaps, Nigeria’s President, Umar Musa Yar’Adua is convinced we need a smoke filled lung to clear our heads. I read in the papers the past week a new Nigerian Federal Government directive reducing duties payable on cigarettes imported into the country by 20 percent while retaining [...]

WHEN THE ZEAL IN A CRUSADER DIES OUT

There must be something decidedly derelict about the civil service. I have seen several otherwise distinguished professionals that impacted their operating industries in the private sector turned hapless, loud talking caricature of their old selves.

 
 
In the instant domain of my observation is the Federal Minister of Finance, Shamsudeed Usman, a former Deputy Governor at the [...]

AFTERMATH OF FALL-OUT WITH DANGOTE:FEMI OTEDOLA SEEKS ALLIANCE WITH JIMOH IBRAHIM

A re-alignment of business interests and affiliation is believed to be in the offing and it involves three of Nigeria’s most celebrated billionaires. In recent times, the news have made the rounds of a business skirmish between Alhaji Aliko Dangote and Mr. Femi Otedola, both had been known to be buddies and have been reported [...]