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1 week ago | 
businessamlive.com | Marcel Okeke
Nigeria is already caught in the current complicated web of tariffs levied by the President of the United States of America, Donald Trump, in the quest to “Make America Wealthy Again”.
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3 weeks ago | 
businessamlive.com | Marcel Okeke
At a time that the wild volatility in Nigeria’s macroeconomic indices appears to be abetting, a trigger to (unwittingly) upset the trend has just been released. This trigger is the avoidable hike in the pump price of Premium Motor Spirit (PMS) or petrol, engendered by the federal government’s prevarications over the lifespan of the ‘Naira-for-Crude’ deal.
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3 weeks ago | 
nationaldailyng.com | Marcel Okeke
At a time that the wild volatility in Nigeria’s macroeconomic indices appears to be abetting, a trigger to (unwittingly) upset the trend has just been released. This trigger is the avoidable hike in the pump price of Premium Motor Spirit (PMS) or petrol, engendered by the Federal Government’s prevarications over the lifespan of the ‘Naira-for-Crude’ deal.
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3 weeks ago | 
businessamlive.com | Marcel Okeke
The latest World Food Programme (WFP) ‘Nigeria External Situation Report’ (Number 83) published on January 25, 2025, shows that Nigeria leads the world with approximately 32 million people that are “acutely food insecure.” The WFP is the food-assistance arm of the United Nations (UN) and the world’s largest humanitarian organisation addressing hunger and food security.
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1 month ago | 
businessamlive.com | Marcel Okeke
A recent damning report by the Nigerian Economic Summit Group (NESG) that over seven million small businesses in Nigeria have shut down in the past two years is a cause for worry. This alarming trend, the NESG said, is attributed to the country’s economic downturn, which has been hallmarked by rising inflation, huge operational costs, and worsening economic uncertainty.
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1 month ago | 
nationaldailyng.com | Marcel Okeke
When the Central Bank of Nigeria (CBN), early this year, ordered bank directors with non-performing insider-related loans to step down immediately, it was not obvious to many what augury the measure saved the banking sector. This is due to the fact that no bank distress or failure can effectively happen without the collusion or indiscretion of such board members—executive and/or non-executive.
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1 month ago | 
businessamlive.com | Marcel Okeke
When the Central Bank of Nigeria (CBN), early this year, ordered bank directors with non-performing insider-related loans to step down immediately, it was not obvious to many what augury the measure saved the banking sector. This is due to the fact that no bank distress or failure can effectively happen without the collusion or indiscretion of such board members — executive and/or non-executive.
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1 month ago | 
guardian.ng | Marcel Okeke
At virtually all levels, many developmental initiatives have turned ‘white elephant projects’ or totally abandoned due to the crashing purchasing power of annual budgetary provisions year-in-year-out. Government officials merely move around bandying the humongous sums in billions and trillions that have been ‘spent’ on various projects.
Although there are several other factors that contribute to the abandonment of projects, the fast crashing real value of budgetary allocations remains critical.
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1 month ago | 
businessamlive.com | Marcel Okeke
‘Money illusion’, in Economics, refers to the tendency of people to confuse the nominal value of money (its face value) with its real value (its purchasing power). In other words, people tend to think that a certain amount of money has the same value over time, even if the purchasing power of the money has massively decreased due to inflation. This ‘illusion’ has, without exception, afflicted Nigeria’s entire political leadership and the officialdom in the past two years or so.
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1 month ago | 
guardian.ng | Marcel Okeke
‘Money illusion’, in Economics, refers to the tendency of people to confuse the nominal value of money (its face value) with its real value (its purchasing power). In other words, people tend to think that a certain amount of money has the same value over time, even if the purchasing power of the money has massively decreased due to inflation.
This ‘illusion’ has, without exception, afflicted Nigeria’s entire political leadership and the officialdom in the past two years or so.
