Category Archives: Africa

The content of Nigeria’s foreign exchange reserves

On Monday 20 March 2018, The Guardian Newspapers published an article by Contributor Feyi Fawehinmi titled, “What’s Inside Nigeria’s Foreign Exchange Reserves”. In this article, the writer describes and discusses his perceived rationales for the increase in the country’s Foreign … Continue reading

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What’s the fuss about foreign exchange reserves?

Earlier in March 2018, the Central Bank of Nigeria (CBN) announced that the country’s foreign currency reserves were steadily growing and that the reserves stood at $43 billion. This represented almost 100 percent increase from about $23 billion recorded in … Continue reading

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Konga and Nigeria’s e-commerce industry

  In my column of last month, I wrote about Nigeria’s retail industry and its potential to become the country’s next big industry. I also touched briefly on the gains made by the domestic e-commerce sector. Unfortunately, soon after the … Continue reading

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Budget 2018: Buhari should implement bold fiscal reforms

On November 7, 2017, President Muhammadu Buhari presented the 2018 budget to a joint session of the National Assembly. The N8.6 trillion budget proposal was tagged, “Budget of Consolidation.” While it is commendable that the administration presented the budget earlier … Continue reading

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Making the economic republic of Lagos great

During my recent visit to Lagos, not unlike the previous ones, I had the opportunity to observe and scrutinize the energetic metropolis. This often required me to take off my Nigerian lenses and put on the lenses of a tourist, … Continue reading

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The case for imposing broad-based sales taxes in the states

The Nigerian sub-national economies have always had cashflow problems, which have become acute in the last two years. With very few exceptions, the states are finding it difficult to pay workers and pensioners. Between four to 12 months’ – or … Continue reading

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VAIDS and the need for effective tax administration in Nigeria

As part of efforts to improve non-oil revenue amid a global outlook of low oil prices, Nigeria’s Acting President, Yemi Osinbajo, recently signed an Executive Order (EO) on the Voluntary Asset and Income Declaration Scheme (VAIDS). The main objective of … Continue reading

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Review of Online Payment Gateway in Nigeria

Well it’s no news that Nigeria is a fast growing developing country and same can be said about its technology sector, if you read my post on digital marketing in Nigeria you will understand this statement So with the soar growth … Continue reading

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Sports as part of Nigeria’s economic diversification

During my childhood and teenage years, my younger brothers and I were very fond of soccer. From Barnawa Housing Estate, Kaduna to Airport Road, Kano and Okumagba Estate, Warri where we lived, soccer was the most popular and the most … Continue reading

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Muted dividends of procurement reforms in Nigeria

A Nigerian company I am acquainted with recently contacted an office of a state government to enquire about the process of doing business with the government. The company was directed to visit the Ministry of Works to collect a form. … Continue reading

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