Opinion
President Barack Obama gets a sweeping endorsement to remain in the White House for four more years, after a keenly contested battle with Republican candidate Mitt Romney, which reminded Americans of their ugly past After a long and bitter electoral contest, the United States 2012 presidential election has reached a climax with the re-election of President Barack Obama, who went past the 270 electoral votes required, even with results from the swing state of Florida yet to come in. Mitt Romney, his Republican challenger, conceded defeat after emocrats secured the key swing state of Ohio, pushing Obama’s Electoral College…
Tuesday, 06 November 2012 15:07
Union Bank: The Stallion Gallops Again
From a negative position in 2009, the CBN-appointed interim management of Union Bank of Nigeria, headed by Funke Osibodu, has successfully transformed the bank and restored it to profitability When Funke Osibodu was appointed managing director, MD, by the Central Bank of Nigeria, CBN, in October 2009 to engineer the turnaround of Union Bank of Nigeria, UBN, the task appeared seemingly insurmountable. Indeed, many people did not give her a chance because the bank was weighed down by a burden of non-performing loans which stood at 40 per cent, illiquidity, un-reconciled accounts to the tune of N3 trillion and…
Monday, 05 November 2012 12:23
At the Mercy of Hurricane Sandy
There are growing apprehensions over what impact the hurricane sweeping across the Northeastern coast may have on the November 6 presidential election in the United States The storm currently sweeping across the Northeastern end of the United States, US, is introducing a fresh element of uncertainty into the closely contested 2012 presidential election. The storm, which paralysed the East Coast just when President Barack Obama and his Republican rival Mitt Romney had planned to launch their final push for votes in the November 6 election, swept into the region with powerful winds, bringing flooding, cutting power supply and claiming…
Monday, 05 November 2012 11:43
Graduates Adapt to Changing Times
Nigerian graduates, many of them tired of searching for paid jobs and others increasingly by choice, are changing their career paths by acquiring practical skills and training in response to changing demands of the labour market Most of his peers are probably still ruing their long and fruitless search for paid employment, but Johnson Chukwuma, 38, a graduate of History/International Relations, is already an employer of labour. Chukwuma, who is the managing director, Amazing Grace Cleaners, a laundry and dry cleaning firm, currently has 27 people on his payroll. With two branches at Okota and Adeniran Ogunsanya, Surulere, Lagos,…
Tuesday, 30 October 2012 10:17
Danger Signals for the Economy
The flood sweeping through many parts of the country leaves in its wake a devastating effect on the productive sector, raising fears that the sizeable growth recorded by the economy in recent times may soon be eroded Among the internally displaced persons at the St. Michael College camp in Oleh, Isoko South Local Government, LG, area of Delta State was Paul Upemu, a centenarian. Bent over with age and decades of tilling the land, Upemu should be having a deserved rest especially since he has long taken a break from farming. But he was a man greatly troubled as…
Monday, 29 October 2012 11:56
A Catalogue of Broken Promises
The Nigerian government has over the years reneged on a number of agreements with local and foreign investors at a great cost to its image and the national purse On a large expanse of land in Ajaokuta Local Government area of Kogi State sits the behemoth steel corporation known as Ajaokuta Steel Company Limited, ASCL. From afar, this resplendent edifice is a testament to the wonders of science and technology, what man can achieve if he puts his heart to a course. But that is where the good news terminates: in the realm of aesthetic adulation. Inside the complex,…
Monday, 29 October 2012 11:26
How Government Scares Investors
The inauguration of a rebuilt General Aviation Terminal in Lagos places the federal government in direct competition with Bi-Courtney Aviation Services Limited, concessionaires of Murtala Muhammed Airport Terminal 2, sending bad signals to local and foreign investors President Goodluck Jonathan has never missed an opportunity to let the world know that Nigeria is the ideal place to invest on the African continent. On several occasions he has told the world that attracting foreign direct investment, FDI, is one of the cornerstones of his government. “With a population of 167 million, a robust economy, extensive oil and gas reserves,…
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- Most Read
- Most Commented
- Private Jet Boom: More Nigerians Fly in Style in Top Story Read 2063 times
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London is a city of shops and shopkeepers. People come to London for different reasons. ...
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