Columns

COVID-19 and Pre-existing Economic Vulnerabilities, By Uddin Ifeanyi

As with persons described as most vulnerable to the Nigerian economy laboured under a raft of pre-existing conditions before the pandemic took hold. Large cargoes of our premium blend crude oil were roaming the seas in search of So, not only were our fiscal numbers already compromised, accretions to the…
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Columns

How This Pandemic Is Changing Everything, By Uddin Ifeanyi

Currently, the harmful side-effects of the coronavirus have had the most immediate showing in the loss to businesses. Airlines, the hospitality and retail sectors largely have seen their custom evaporate. Governments may be trying to lockdown bankruptcies. COVID-19 has taken a severe toll. Deaths? Yes. And across the globe. “Older…
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Columns

Managing the Economy Out Of this New Crisis, By Uddin Ifeanyi

If, indeed, government’s policies on the economy were as competent as some sectors of the commentariat advertise, the FDI component of capital imported annually into the economy ought to be up and rising. Yes, in order to have invited more of this type of inflows, we would need to have…
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Columns

A Weakening Naira, Shrivelling Reserves, and Economic Saboteurs, By Uddin Ifeanyi

...a currency is useful only because it can be used to settle transactions, to account for a business’ performance, or as a store of value. Breach any of these and it is just a potpourri of mere paper and metal. The main threat to the naira today is that it…
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Columns

The Global Oil Market Sneezes and We Break Out In A Fever, By Uddin Ifeanyi

...we must remember that we remain this vulnerable to what is now a primordial threat to our economy, only because of our failure to implement policies that improve its resilience. “Every man for himself, and may the Devil take the hindmost!” That looks like the calling card Russia dropped at…
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Columns

De-risking Parts Of a Two-Tier Economy, By Uddin Ifeanyi

In the end, it is all bad economics. Markets and institutions ought to be as self-sustaining as possible. And the economy capable of plotting its courses without guidance from a nanny state. And where a nudge may be needed to right failures (market-based or otherwise), the beneficiaries, the gains to…
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