2020 Oil Price Shock and the Nigerian Bank Performance

Numerous hiccups dotted the traditional financing model of Nigeria’s upstream oil sector and invariably made way for alternative options. Domestic bank funding was one of those financing options. Before that, joint venture, production sharing contracts, and service contracts were the dominant vehicles for financing upstream oil sector projects. However, persistent delays and defaults by the...

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How powerful was Abba Kyari?

Unarguably, the late Abba Kyari was powerful. And he remained so even to the point of his burial. As we already know, those who are powerful are those who not only control people and structures but to a considerable extent, influence the eventual outcomes of target goals. The higher such people are in the command structure, which gives them the ability to control the controllers at lower levels,...

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Covid19’s mutation to ‘hunger virus.’

It is challenging to placate a man deprived of the necessities of life. That is the root of the famous saying that “a hungry man is an angry man”. We are already seeing that happening as more people who are experiencing hunger due to the lockdown of the socio-economic life are beginning to respond as social liabilities. Recently, an increasing number of non-disabled and seemingly refined persons...

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Corporate responses to COVID – 19 lockdown

Most residents of the three Nigerian states of Lagos, Ogun and Abuja currently on socio-economic lockdown are already fatigued. With obviously low levels of savings, many are already existing on the margins of survival and may not yield to prolonged activity lockdown. Worse still, both the federal and state governments have also substantially failed to provide them with any noticeable social...

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The wonderful benefits of coronavirus

There are two famous sayings that we need to invoke to appreciate the many right sides of coronavirus outbreak rather than the gloomy and fear-exciting pictures painted across the media. The first is that ‘things are never as bad as they seem,’ while the second is that ‘sometimes you have to lose what you have to gain something new.’ Even in the throes of enormous losses, scrap contemplative...

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Revving Nigeria’s innovation capabilities

Several pieces of evidence attribute 70% of the high standard of living of the developed world to its successes in technological innovation. Other important factors such as minimal levels of antimarket policies, elevated levels of the rule of law, as well as the effective provision of public goods, explain the rest of the 30%. The details of Nigeria’s performance at the 2019 global innovation...

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