National Debt, GDP, and Non-oil Incomes
“Debt” is an involved concept. The reasons for this vary as do the views of any number of persons one talks to on the matter. At the most basic conversational[…]
Author: Ifeanyi Uddin
Banking in Austere Times
The banking industry again came under pressure last week. Over the last five years, monetary policy has withstood the worst of adjustments to the myriad macroeconomic constraints endured by the[…]
The “Mythification” of Our Memories
Segun Toriola’s jaw-dropping defensive play against Singapore’s Ning Gao in which he successfully went through a 41-shot rally in the second match of the men’s team table tennis semi-final was,[…]
Budget 2015: Hopes and Delusions
Actions, it turns out, do speak louder than words. In the immediate aftermath of the fall in global oil prices, the consensus amongst most commentators was that Nigeria would be[…]
February 14, 2015 and the Space for Ideas
Across our political space, one gravamen is repeated to the point of monotony: how money now dominates our politics. The conversation around this takes place with varying degrees of sophistication.[…]
Subsidy? Cross-…? Counter-subsidy?
In its time-lapse response to the bottom falling out of the global oil market, the Nigerian government announced a series of measures, under the rubric of a new “austerity programme”[…]
Making Sense of Our New Policy Direction
The central bank’s (CBN) rate-setting committee, the Monetary Policy Committee (MPC), ended its November meeting (last week) with arguably the boldest steps it has taken of late. While the decision[…]
Parking the Bus for the Naira
Over the last couple of weeks, as the price for Bonny Light (Nigeria’s benchmark crude) touched new depths on the global markets, and our export earnings dropped, conversation has fixated[…]
Ebola, Output Growth, and Football
This week, The Economist features an article on the debilitating toll of the Ebola viral disease (EVD) on sub-Saharan Africa. Until now, much of the concern generated by the viral[…]
As the Economy Prepares for the Winter Season
“All is well!”, they shout. But the place smolders still. Our Emperor? In the end, not even Nero Claudius Caesar Augustus Germanicus mattered any more after the “Great Fire” destroyed[…]