By Susan Caminiti It’s been nearly a year since Covid-19 forced companies to send employees home, armed with laptops and cell phones, to work remotely. And while the sheer scope of the undertaking has brought out the best in many organizations—robust productivity, sharpened efficiencies, and a marked increase in empathy among leaders—there’s...
Read MoreBy John Campbell The student abductions in northwestern Nigeria reflect the growing strength of criminal gangs and the weakness of the federal government and its security services. Kidnapping is prevalent nationwide, often perpetrated by small, ad hoc groups. The northwest is receiving attention now because, unlike elsewhere, the perpetrators are well-organized criminal gangs...
Read MoreBy Mike Obadan The financial sector has continued to demonstrate soundness and resilience even under a debilitating covid-19 environment. The performance confirms the robustness and efficacy of the monetary policy measures. However, although the CBN’s measures influenced interest rates downwards, lending rates are still high and there is unacceptable disparity between lending and...
Read MoreBy Davide Malacrino Wealth begets wealth. This simple concept of privilege has added to growing discontent with the inequality that has escalated under the shadow of the COVID-19 pandemic. A paper co-authored this year by economists from the International Monetary Fund (IMF) and other institutions confirm that wealthier people are more likely to earn...
Read MoreBy Bismarck Rewane The GDP numbers released on Saturday (November 21) confirmed that Nigeria has officially fallen into a recession. The economy shrank by 3.62 percent in Q3’20, the second consecutive quarterly contraction. Though, it represents a slight improvement (2.48 percent) when compared to the negative growth of -6.1 percent in Q2. The average...
Read MoreIn this report analysts at the investment banking group, United Capital Plc review the surge in the nation’s equity market in recent time, examining the variables responsible for the growth and concluded that despite concerns around the macro-economic outcome in Nigeria, “we estimate that robust system liquidity will most probably sustain demand for stocks...
Read MoreSometime after midnight on October 21, Elisha Sunday Ibanga answered a phone call from his older brother’s number. The person on the other end of the line — a stranger — broke the news that Ibanga’s brother, Victor, had been shot dead at the Lekki toll gate, in Lagos, Nigeria, where he had been...
Read MoreAnalysts at the investment banking group, United Capital Plc in this report examined the country’s rising debt profile and concludes that the government should drive revenue in non-oil sector to raise its income profile. Nigeria’s deteriorating oil revenue and rising debt profile have been a subject of discourse over the last one year. Data...
Read MoreBy Elvis Eromosele Social media has demonstrated incredible potential for good. In just over a decade, it has quietly but surely emerged as the most engaging digital technology tool. Social media connects people in amazing ways enabling coordination, cooperation and collaboration. All social media platforms are equal, but some have proven to be more...
Read MoreBy John Campbell Following nationwide demonstrations—first against the elite Special Anti-Robbery Squad (SARS) and then the Special Weapons and Tactics (SWAT) unit, its successor—the Buhari administration has abolished the former and promised wide-ranging reforms of the police. On October 18 the inspector general of police (IG) announced that the International Committee of the Red...
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