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T H E R E I S H O P E says: Olatunde Olaoluwa Oladimeji @olathrives .......................................................................................................................... The rampant cases of suicide using the Sniper insecticide, especially among Nigerian youths, have raised a debate on social media over whether or not the insecticide should be banned in Nigeria. Placing an outright ban on SNIPER is unnecessary and unproductive. Rather, a good government should place an outright ban on "BAD GOVERNANCE" . The case of placing ban on SNIPER instead of BAD GOVERNANCE is tantamount to filling a basket with water. What will be the end result? Can you ban all insecticides? Can you place an outright ban on jumping into Lagoon? Can you ban electrocution? It is obvious that BAD GOVERNANCE is a deadlier suicidal tool, then it must be eliminated with immediate alacrity. No reasonable fellow will commit suicide in a country where th...
NEW INVESTMENT OPPORTUNITY DESIGNED BY THE FEDERAL GOVERNMENT OF NIGERIA
The N100 billion Sukuk, a non-interest bond that is being issued by the federal government is another opportunity for investors to earn returns and contribute to the infrastructure development of the country, writes Goddy Egene Since the fall in price of crude oil, the revenue of the federal government has been affected significantly given that oil was a major source of government funds. As a result of the decline in revenue, the government has been contending with the challenge of financing its budget deficit. And the onus for the efficient management of government’s debt and sourcing for funds to finance budget deficits rests on the Debt Management Office (DMO). However, the agency, under the management of Dr. Abraham Nwankwo, has been using innovative strategies to raise funds to successfully fund the budget deficits over the years. While DMO has been raising funds through bonds both on the domestic and international markets, the agency is now accessing the local market for N...
CBN Mop-up N2.9trn In 7 Months to ensure Price Stability
To meet its core objectives of price stability, the Central Bank of Nigeria (CBN) in seven months has mop-up estimated N2.9 trillion excess liquidity using the Open Market Operations (OMO) auctions, investigation by LEADERSHIP has revealed. With the CBN introduction of Investors and Exporters Foreign Exchange and Small and Medium Scale enterprises (SMEs) windows, the OMO sales operation has doubled since in April and reached record high of about N779.4 billion in July. According to LEADERSHIP findings, the CBN auctioned N491.5 billion OMO in January but dropped to N407.5 billion in February. In March, the CBN mopped-up N380.2 billion using the OMO and N262 billion and N303 billion in April and May 2017 respectively. Furthermore, the OMO sales closed at N315 billion, data from CBN website disclosed. OMO is a monetary policy instrument that the CBN used to control the supply of money and the interest rates are always attractive to lure commercial banks and high network invest...







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