Following a report by Sahara Reports that the CBN has sacked a number of Nigerian bank CEOs, a lot of discussion arose about whether this was part of the “Northern Agenda” to witch-hunt southerners and to generally re-colonize the south. There was also a lot of general applause for CBN governor on this action…
BUT: Nigerians are incredibly apt to ask the wrong questions. The appropriate question to ask is this: Does the CBN have any statutory authority to intrude into the private sector in this manner? Unless the banks are owned by the government, how can the CBN legitimately “sack” private sector bank CEOs?
In The Know panelists discuss whether we should spare Africa’s feelings by not telling them about the global economy. More coverage at: http://onion.com.
Artist Michael D’Antuono’s 30” x 54” acrylic painting on canvas which depicts President Obama, arms outstretched and wearing a crown of thorns, will be unveiled on April 29 (Obama’s 100th day in office) in New York City’s Union Square.
Nigerians believe the global financial crisis affecting economies and businesses around the world is hitting them where it hurts the most as an increasing number of people report they have experienced a downward trend in their standard of living even as the cost of living has set-off on an upward course, an NOI Poll has revealed:
This is an incredibly moving and encouraging story of entrepreneurial resilience in the face of the most daunting of adversity. The message is that in spite of the numerous constraints, there are equally numerous opportunities in the Nigerian space.
