Economy

Mar
11
2022
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By People&Politics
As Sanctions Bite, Russia Goes On The Offensive

As Sanctions Bite, Russia Goes On The Offensive

BREAKING, Economy, Foreign
Russian President Vladimir Putin has reacted to the ongoing mass withdrawal of companies from his country over its invasion of Ukraine. On Thursday he endorsed a plan to nationalize foreign-owned businesses that flee the country. The Russian government has been alarmed over job losses and other economic pain the exodus is inflicting. Putin’s approval of the plan, scheduled to be discussed in Russia’s parliament, came as Goldman Sachs said it was “winding down” its business in Russia, following hundreds of other Western firms that have closed or suspended operations. During a meeting with government officials Thursday, Putin said Russia must…
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Mar
03
2022
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By People&Politics
Air Peace, Emir of Kano tango: Sense of entitlement taken too far

Air Peace, Emir of Kano tango: Sense of entitlement taken too far

Economy, Opinion
IKECHUKWU AMAECHI Pondering over the Emir of Kano, Air Peace tango this week, I couldn’t help but remember the wisecrack by Sarah Churchwell, the 51-year-old professor of American Literature, who wrote: “People who are given whatever they want soon develop a sense of entitlement and rapidly lose their sense of proportion.” That is exactly what is happening in this contrived hullabaloo. For those not aware, the story is that the Emir of Kano, Aminu Ado Bayero, who was returning from Banjul, Gambia, missed his early morning flight from Lagos to Kano. It was neither the monarch’s fault nor that of…
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Jan
28
2022
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By admin
Why 2022 Budget won’t fail – Buhari

Why 2022 Budget won’t fail – Buhari

Economy, Opinion, Politics
President Muhammadu Buhari has said that the 2022 budget won’t fail but will accomplish the purpose for which it was passed because the National Assembly is led by trusted members of the All Progressives Congress (APC). Buhari, who said this while speaking on Channels Television on Wednesday, expressed confidence that this year’s budget will succeed. Recall that following the President’s assent to the 2022 budget, there were reports of friction between the presidency and the parliament. Buhari had expressed strong reservations on the “worrisome changes” made by the National Assembly to the 2022 Executive Budget proposal. When asked if he…
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Jan
28
2022
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By admin
High cost of cement will render most Nigerians homeless – Group

High cost of cement will render most Nigerians homeless – Group

Economy, Opinion, Politics
A group, Coalition of South East Youth Leaders, COSEYL, an umbrella body of all the youth groups in the South-East has said that the high cost of cement would render most Nigerian families homeless if not checked. The group said it is totally condemnable to sell a bag of cement at the rate of N5,000 per bag in a country where so many families go to bed hungry. In a press release signed by the President-General of the group, Goodluck Ibem, he said the high cost of cement would make landlords increase their house rent which would be above the…
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