Business Eye

Downstream deregulation: Between the devil and the deep blue sea?

Downstream energy reform is once again on the top of the political and reform agenda as the Goodluck Jonathan administration has removed the subsidy on petrol. The removal has been greeted with pockets of protests in various states of the federation with the protesters calling for the resignation of the government and the withdrawal of the mandate given to the government. The organised labour and the civil society organisations as well as some professional groups have planned a nationwide strike...

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Stocks: Another bad year for many investors

The Nigerian stock market had in January 2011, opened on a positive note with a gain of over 8 percent. Similarly, it ended in December 2011on another positive note, recording a marginal growth of over 2 percent. However, the growth in the first and last months of the year was not enough to save the market from its third decline within four years.

                At the end of 2011, the market recorded a decline of about 16 percent, which came to many analysts and investors as a surprise given th...

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Corruption is a crime against humanity

Killing and maiming whether under the guise of war or genocide is only a small portion of the human story in Africa. The world is beginning to wake up to the fact that in addition to war, the African continent is held down by the enormous weight of corruption. The pictures of the effects of corruption may not be as dramatic as those of war, yet the stories of human suffering occasioned by corruption are nonetheless compelling.

But then, global awakening to the effect of corruption in Africa is on...

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Towards a greener Delta: A look at climate change

Climate Change and the obligation to reduce Green House Emissions have become one of the most important policy issues in the global system. For reasons which are subject to question Nigeria is yet to take a strong posture towards influencing the climate change debate raging over the world. We seem to be quiet, almost indifferent. Being a recent advocate, I am scarcely in a position to lecture anyone about the subject matter. But, from the much I now know, we can no longer live in blissful ignora...

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