Just how much will Zambia earn for winning the Nations Cup?

Zambia last night (12th of February 2012) won the African Nations Cup for the first time. Remarkably they won it in the country where...


Second Hand Underwear Business is very profitable

Second Hand Underwear Business is very profitable

Nigeria is indeed a Funny country. I read somewhere recently that the second clothing business, popularly called, okrika is booming. The report identified a...


Its a party, Interest Rate is going up.

We are certainly in interesting times. Interest rates for treasury bills, one of the safest instruments issued by the government, is at a near...



How tax breaks can save the Nigerian Stock Market from its free fall

By the end of last week the Nigerian Stock Exchange All Share Index closed at 20,887, down 0.1% from the previous week. The All...


Why I may not buy Union Banks Right Issue

Why I may not buy Union Banks Right Issue

Union Bank Plc, one of Nigeria’s oldest banks has for over a month now offered for sale shares in its company to it’s own...


Is the African Nations Cup a waste of time??

The Cup of African Nations 2012 hosted by Gabon and Guinea is in its second week. The excitement is probably not felt in Nigeria...


Is DSTV Drifta worth the fuss?

Is DSTV Drifta worth the fuss?

For a sports lover like me, watching football, tennis or even programmes such as CSI”, “I shouldn’t Be Alive”, or “Top Gear” can be...


Has Fashola favoured Surulere more when it comes to roads?

Has Fashola favoured Surulere more when it comes to roads?

During the week Lagos State Governor Babatunde Raji Fashola commissioned two new roads in Lagos State. They were Akerele Road as well as Adelabu...


Benue Citizens to pay N1.82b every year as interest on Bonds.

Benue Citizens to pay N1.82b every year as interest on Bonds.

There you have it folks, Benue state just completed the sale of its 14% FIXED INTEREST (yes fixed) Development Bond Issue which is expected...


When free Education is not just affordable

When free Education is not just affordable

The picture attached in this post is evident of the neglect and suffering children face everyday in Nigeria. Whilst the young pupils in the...


CBN retains MPR at 12%

CBN retains MPR at 12%

Contrary to expectations of an increase in the monetary policy rate of the Central Bank, the Monetary Policy Committee agreed to hold the rate...


Why Is GSM More Popular Than CDMA In Nigeria?

The latest report by the Nigerian Communications Commission (NCC) put the total number of connected lines in Nigeria as at October 2011at 125.1m. Out...


Deduct Withholding Taxes from invoices? This is who you pay to

Ok! I know I have been blogging so much about tax lately but then I believe its an area of life that is as...


Are Bow Ties in Vogue for the White Collar Man?

Are Bow Ties in Vogue for the White Collar Man?

For working class peeps like me, it is often a pleasure to see new fashion creep into our 9-5 dressing culture. For those, especially...


What is wrong with China Donating the AU Building to Africa?

What is wrong with China Donating the AU Building to Africa?

The new AU building was commissioned on the 28th of January in Adis Ababa Ethiopia. It was conceptualized, designed, built, funded, in fact donated...


With Access Bank sacking 1,500 Intercontinental Bank Staffs, what exactly have we gained from the much touted “banking reforms”?

News came in on Friday that Access Bank sacked 1,500 staffs of Intercontinental Bank. Actually, insider reports claim that the number is much more...


How Much is Nigeria actually loosing to the strikes per day??

How Much is Nigeria actually loosing to the strikes per day??

There has been loads of estimates as to how much Nigeria is loosing to the strikes everyday. Some have said N75b, some N87, and...


How to negotiate out of a bad loan

Every now and then I meet people howling about their debt burden and how it’s making life difficult for them. Some of the loans...


Why I cannot trust Ngozi again!

Why I cannot trust Ngozi again!

Back in 2005 Nigeria had a second wave of oil boom as oil prices rocketed our external reserves to over $60b. The unprecedented revenue...


Of Subsidy and Substitutes

Of Subsidy and Substitutes

So much have been said and written already about fuel subsidy there is hardly anything is new. There have been so much lies, assumptions(mostly...


Can someone tell me where subsidy has always been in the budget??

This was a question put up on twitter recently. I and some other handles (twitter users) consulted endlessly and checked every available line in the 2010...


HiTV on the verge of Bankruptcy?

HiTV on the verge of Bankruptcy?

Going by a ‘Legal Notice” by GTB on Page 35 of the Guardian of 23rd November 2011, the stage is set for the gradual...


Between Arik Air, British Airways and Clueless Government….!!

It’s amazing how much ignorance pervades Nigerian discourse. The BA vs Arik issue buttresses this sickening reality. People blame foreign businesses for the failure...


Insurance Company may not pay you claims if your brother bashes your car while driving it

I read an interesting article on page 35, businessday of 2/11/11 on why it is important to read the fine prints on your policy...


Nigerian Businesses face huge exposure to exchange rate risk as the CBN plan to devalue the Naira

The Central Bank Governor on Monday announced that the CBN it was looking to devalue the rate of the Naira against the dollar to between N155/N156...


Panel of “Economists” endorse Fuel Subsidy Removal

At the Investment Forum organised by the Securities and Exchange Commission yesterday, panel of economist drawn from the private sector have basically endorsed the...


Taxes and Levies collected by Local Governments in Lagos

If you own or manage a business in Lagos, then I am sure you must have at one time or the other, been served...


What to do with all the withholding tax deducted from your invoice!!!

Withholding Tax is often  viewed erroneously as a separate form of tax. Withholding tax is basically an advance payment of  income tax, rather than a separate form...


Fitch declares Nigerian bonds safe…time to consider taking more loans??

Fitch, a world renowned rating agency currently increased the rating of Nigeria’s bonds (debt) from “negative” to “stable” meaning Nigerian bonds are safer to...


Goodluck Mysteriously dissappears

Yesterday at the Common Wealth heads of State Meeting the President was no where to be found as he 3 times did not show...