Columns

Dismantling Barriers To Enterprise, By Uddin Ifeanyi

An antediluvian criminal justice system means we cannot enforce contracts efficiently, nor resolve insolvencies fast enough. Regulatory capture has hurt corporate governance practice: insider abuses and poor conflict of interest regulation guarantee that minority interests will continue to be fleeced by the beneficial owners in any enterprise. All of which…
See More »
[sc:"post loop ad"]
Columns

Banks And The New Surfeit Of Dollar Deposits, By Uddin Ifeanyi

The refusal by “deposit money banks” (that's how the Central Bank of Nigeria ― CBN ― prefers to describe them) to accept foreign currency cash deposits into bank customers’ domiciliary accounts was as difficult to understand, as it was disruptive of economic life. In search of further evidence of how…
See More »
Columns

The Right Price? Look to The Interaction of Demand and Supply!, By Uddin Ifeanyi

Where we fail as an economy, is in our response function to price signals ― sadly, this failure is currently exaggerated in two spheres of the economy: fuel prices, and the naira’s exchange rate. It is hard to make sense of why a nation of corner kiosk operators would insist…
See More »
Columns

Labour Unions and the Workplace, By Uddin Ifeanyi

Trade unions are an interesting phenomenon. On one hand, there is much that recommends them. In a free market setting, arguably the strongest argument for unions is the one that defines the relationship between capital and labour (not necessarily irreconcilably antagonistic in the old Marxist-Leninist tradition but) as weighted unfairly…
See More »
Columns

Still On The Naira’s Exchange Rate, By Uddin Ifeanyi

At current levels of consumption, our foreign reserves barely support five months of imports. Nor have the fiat measures it has implemented thus far done much but distort the functioning of the price mechanism, and move an already opaque process into rooms filled with smoke, mirrors, and thaumaturgy. Following reports,…
See More »
Columns

Drawing up a Shopping List for the Buhari Administration, By Uddin Ifeanyi

All these notwithstanding, arguably, the biggest challenge before the country over the next four years is to restore popular confidence and trust in this democratic experiment. After the euphoria that characterised the inauguration of a new federal government last Friday, and the partying that would have marked its immediate aftermath,…
See More »