Opinion

Eliminating Quackery in Nigeria

Security operatives recently arrested one Martins Okpeh, a 44-year-old secondary school certificate holder, for pretending to be a medical doctor for nine years.

Okpeh, before his arrest, had even risen to become the chairman of a branch of the Nigerian Medical Association (NMA).

Police investigation reveals that the suspect allegedly stole copies of the medical and academic credentials of his childhood friend, Dr George Davidson, a practising medical doctor in Jos which he used to secure employment in the Federal Ministry of Health.

The Fed Fund Rate Hike ...Emerging Markets Asset Prices on the Brink?

Following the conclusion of the last meeting of the US Federal Reserves (the Fed) for the year on Wednesday 16th December 2015, in line with market expectation, the Fed Chair (Mrs. Janet Yellen) announced an increase in the Fed-Fund rate to 0.25%-0.50% from the previous 0.0%-0.25%. This came after about a decade of near-zero interest rate environment in the US; a decision taken as a measure to revive the US economy following the devastating effect of the global financial crisis in 2007.

Buhari’s Address at ECOWAS Summit of Heads of State and Government

Welcome address by President Muhammadu Buhari at the 48th Ordinary Session of the ECOWAS Summit of Heads of State and Government, Abuja, 16 December 2015

The Chairman of the ECOWAS Authority

Fellow Heads of State and Government of ECOWAS

Distinguished Representatives of Heads of State, and Government

Honourable Ministers

Excellency, President of the ECOWAS Commission

Statutory Appointees of ECOWAS Institutions

Invited Guests

Representatives of International Organizations,

2016 Budget and Poverty Alleviation: Matters Arising

By all accounts, the commitment of President Muhammadu Buhari to redeem his campaign promise of removing millions of Nigerians out of poverty is significant and exceptional.

Analysts observe that although successive administrations initiated various measures and policies aimed at alleviating abject poverty among Nigerians, such efforts have not yielded meaningful results.

A World Bank’s global poverty rating placed Nigeria among the five poorest countries in the world.

The report revealed that most Nigerians lived on less than one dollar per day.

Finally! Some Form of Fiscal Direction

The Medium Term Expenditure Framework (MTEF) of the Federal Government of Nigeria (FGN), a precursor to the 2016 Budget, was forwarded to National Assembly this week. The MTEF highlights the FGN's revenue and expenditure framework for the next 3 fiscal years and provides a sketchy view of the policy direction of the fiscal arm of the government. We believe this is a sigh of relief from the one-sided drive of the economy embarked on by the monetary authority since the inception of the new government.

Incorruptibility: A Spiritual Premise for Material Wellbeing –Buhari

Keynote address by President Muhammadu Buhari at the Osigwe Anyiam-Osigwe foundation lecture held at the International Conference Centre, Abuja on December, 11, 2015.

PROTOCOLS
Distinguished ladies and gentlemen, I want to begin by appreciating the Osigwe Anyiam-Osigwe Foundation for its impact on the development of ideas through its annual lecture series. The fact that the themes of the lecture series have focused on critical puzzles bordering on human development lends credence and justification for the sustenance of the lecture series.

A Change in Market Sentiments ...5 Signs to Watch

The Nigerian equities market has sustained a bearish run for most of 2015 as issues ranging from a fragile polity, foreign exchange restrictions, stifling monetary policy stance, weakening domestic growth and rising inflationary pressure have weighed in to weaken investor sentiment. While the victory of President Buhari at the polls boosted investor confidence between April and May, the five months of waiting before the eventual inauguration of cabinet on 11th November, 2015 has had a debilitating impact on the overall market.

Equities Down in the Dumps.... Investors await Policy Signals

The Nigerian equities market sustained two weeks of sell pressure to reach a 36-Month low on the 2nd of December 2015 as the benchmark index closed at 27,287.89, representing a 21.3% Year to Date decline. For the most part of 2015, sentiment on the bourse has been bearish due to the low crude oil prices, weakening domestic economic fundamentals and exchange rate constraints that have weakened risk-appetite of domestic investors and stalled portfolio capital flows into the financial market.

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