President Donald J. Trump’s executive order eliminating USAID has sent shockwaves across the globe, particularly in aid-dependent nations, most of which are in Africa. In line with the saying that “when America sneezes, the world catches a cold,” many countries are now facing… What if US President Trump shifts from aid to trade? – By … Read more
Politics will not be the same again in the United States of America, particularly in Washington, DC, where old-school politicians are keenly watching with trepidation as President Donald J. Trump, on January 20, transitioned from the 45th to the 47th president. The palpable fear is… Hold your breath, the Trump revolution has commenced … Read more
In response to the Central Bank of Nigeria’s (CBN) proposal for a 70% tax on the excessive profits banks made from naira devaluation in 2023—profits which increased by at least 51% due to President Bola Tinubu’s economic reforms—there has been a noticeable rise in banks’… Banks’ excess profits tax: Cause-related marketing to the … Read more
The popular saying, “The morning foretells the evening,” seems to defy logic in Nigeria’s case. The economy, which turned frosty after President Bola Tinubu introduced radical reforms 18 months ago, now appears to be thawing rather than worsening, contrary to the predictions… Governing Nigeria is tough, but Tinubu is achieving remarkable progress – … Read more
Obstruction to passage of tax reform bills – By Magnus Onyibe …C0NTINUE READING HERE >>> Public enlightenment typically precedes the introduction of new policies to facilitate understanding, acceptance, and implementation. This is why companies seeking to go public on the Nigerian Stock Exchange (NSE) prepare an information memorandum to educate stakeholders and the general public. … Read more
Who wants Mike Adenuga Jr. dead? – By Magnus Onyibe …C0NTINUE READING HERE >>> The recent false alarm about Chief Mike Adenuga Jr.’s death was so influential that legendary musician Ebenezer Obey felt compelled to release a song debunking it. Back in the 1980s, Obey’s hit song Ketekete narrated the story of a horse burdened … Read more
Kemi Badenoch’s remarkable ascent in UK politics: A milestone for the black community – By Magnus Onyibe …C0NTINUE READING HERE >>> As Great Britain, once a colonial power ruling over 56 nations now part of the Commonwealth, transitions into a more inclusive society, a symbolic form of “reverse colonization” seems to be unfolding. This phenomenon, … Read more
How President-elect Trump plans to transform Washington – By Magnus Onyibe …C0NTINUE READING HERE >>> President-Elect Donald Trump, set to assume office as the 47th President of the United States on January 20, 2025, is preparing to usher in transformative changes that are already evident in the composition of his team. These changes, … Read more
How Nigerians can shift from agonizing to organizing – By Magnus Onyibe …C0NTINUE READING HERE >>> A recent article in The Guardian newspaper highlighted the growing challenges of rising living costs in Nigeria, using data from surveys on the daily expenses of an average Nigerian family. As of August, the estimated cost of … Read more
Time to prohibit petroleum product imports – By Magnus Onyibe …C0NTINUE READING HERE >>> In 2011, the Chinese, demonstrating their strategic foresight, established a refinery in Niger Republic, which borders Nigeria to the northeast. This refinery, with a capacity of 20,000 liters per day and a cost of $5 billion, was completed swiftly and produces … Read more