On 8th February, Lagos State Governor, Mr Babajide Sanwo-Olu announced a 50 percent reduction in the fares of all state-owned transport services including LagFerry, RagRide, and the BRT. The price slash also affected the mini last mile buses. The governor equally announced a support programme for the vulnerable segments of the society. This support programme was made up of a …

Meaning of MPR and how it is used in controlling money supply The MPR (Monetary Policy Rate) is the benchmark interest rate used by Financial Institutions to determine lending rates. When CBN increases the MPR, it becomes more expensive for individual and corporates to borrow from financial institutions and this will in turn slow down productive activities. This makes it …

An unwrinkled face is not good for a resounding slap. So it is somewhat indelicate for a lawyer who ought to be grounded in the ethics of the law profession to publicly criticize the opinions of other senior lawyers, who are revered to be authorities in their fields. Afe Babalola, Gboyega Awomolo, Wole Olanipekun, J. B. Daudu, Lateef Fagbemi, Kanu …

I visited the Asokoro, Abuja home of Nigeria’s former Vice President, Atiku Abubakar the other day to observe the iftar with him, as part of the month-long Ramadan. Atiku very ably hoisted the presidential flag of the Peoples’ Democratic Party (PDP) during the last general elections, as we remember. The flames and flickers of the fires stoked by that insanely …

Demonetisation is the process of withdrawing the legal tender status of a currency. This has been used by several governments around the world to combat illegal activities such as money laundering, tax evasion, and terrorist financing. In November 2016, the government of India demonetised its two highest denominations – the 500 and 1,000 rupee notes – which made up a …

Tony Elumelu, the distinguished birthday celebrant, climbed onto the sixth floor of life on 22nd March. His wife, Awele, a medical practitioner, was seated beside him at the symposium to mark his 60th birthday in Lagos. As they listened to one entrepreneur after the other, I could sense that Tony and his wife felt fulfilled as the entrepreneurs shared their …

To all intents and purposes, elections have come and gone and the next thing now is governance. In between both, however, is composing the government. If square pegs are put in square holes, the government has a chance of succeeding but in the event that the contrary is the case, then, consider the government to have failed ab initio. The …

We had in this space, drawn attention to the dangers of actions driven by petty sentiments. They can always be catastrophic. Take, for instance, the heat among the plebeians in William Shakespeare’s Julius Caesar, in which a certain poet, Gaius Helvius Cinna was lynched at the funeral of Julius Caesar, the tragic hero of the drama. It may serve to recap …

Hold fast to dreams For if dreams die Life is a broken-winged bird That cannot fly. Hold fast to dreams For when dreams go Life is a barren field Frozen with snow. – Dreams by Langston Hughes Odd, isn’t it…talking about love in this period when some Nigerians saw the first eight hours (or more) of 18th March, 2023 as …

The 2023 elections in Nigeria have triggered a strange metamorphosis that has given rise to the emergence of many innocent traitors. Hiding behind their tiny fingers, these mutants have orchestrated heinous social and political wrongs, yet convinced that their opinionated academic robes were enough transfigurative garbs that could turn self-righteousness into enduring common good. The truth is this, we are …