Nigeria

2024 - 1 - 14

The Greed Epidemic and Economic Realities in Nigeria

aviation sector - economic stability - economy - ethics - financial institutions - greed - import independence - inflation - Nigeria - public service

Discover the shocking trends and challenges facing Nigeria's political and financial sectors. Is there hope for change?

The Nigerian landscape is rife with the destructive forces of greed and ethical decay, particularly within the political elite and civil service. This pervasive greed has eroded ethical values, creating a crisis of trust in government and society. As financial institutions face increasing pressure, the recent debate on raising the minimum capital base for tier-one banks reflects the fragility of Nigeria's economic stability. While the country's import independence sets it apart from its African counterparts, challenges like outdated infrastructure in the aviation sector continue to hamper progress. Despite the rise in inflation rates, including a staggering increase in food prices, the nation grapples with the enduring effects of economic turbulence.

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Image courtesy of "TheCable"

Greed, ethics, and public service in Nigeria (TheCable)

The greed of the political elite and civil servants has led to the deepening of low ethical and moral values in government and society. The arithmetic sum of ...

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Image courtesy of "TheCable"

Why the new minimum capital base for tier-one banks in Nigeria ... (TheCable)

The issue of minimum capital base for deposit money Banks once again came to the front burner when the CBN governor recently indicated that there was a need ...

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Image courtesy of "Businessday.ng"

Three charts show Nigeria is not import-dependent (Businessday.ng)

While South Africa and Egypt import 31.5 and 21.9 worth of their GDP respectively, Nigeria imports only 11.8 percent, according to data from the World Bank.

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Image courtesy of "Arise News"

Nigeria's Airspace Regulator Admits Obsolete Navigation Aids ... (Arise News)

The Nigerian Airspace Management Agency (NAMA) has admitted that many of its navigational aids had become obsolete but would start the modernisation of the most ...

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Image courtesy of "Nairametrics"

Unilever Nigeria is here to stay: committed to sustainable business ... (Nairametrics)

This was disclosed by the Managing Director of Unilever Nigeria, Tim Kleinebenne, during his engagement with the Honourable Minister of Industries, Trade and ...

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Image courtesy of "Reuters"

Nigeria's inflation rises to more than 27-year high in December (Reuters)

David Omojomolo, Africa economist at Capital Economics, said "inflationary pressures are only likely to build from here," citing second-round effects from the ...

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Image courtesy of "Premium Times"

Nigeria's inflation hits 28.92% amid high food prices (Premium Times)

According to the National Bureau of Statistics report, the food inflation rate in December 2023 quickened to 33.93 per cent.

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Image courtesy of "TechCabal"

Nigeria's inflation hits 28.92% as food costs soar (TechCabal)

Official data from the National Bureau of Statistics (NBS) showed that headline inflation rose to 28.92%, lower than KPMG's prediction of 30%

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Image courtesy of "TheCable"

Rising food costs push Nigeria's inflation rate to 28.9% (TheCable)

The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 28.92 percent in December 2023 — up from 28.20 ...

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Image courtesy of "Leadership Newspaper"

Nigeria's Inflation Hits 27-Year High In December, Adds Pressure ... (Leadership Newspaper)

Analysts attribute the rising inflation to higher fuel prices and the depreciation of the naira currency. David Omojomolo, Africa economist at Capital Economics ...

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Image courtesy of "Businessday.ng"

Nigeria's inflation exceeds 18-year high, hits 28.92% in December (Businessday.ng)

Nigerian consumer prices climbed at the fastest annual pace in almost 21 years in December, NBS reported. Analysis of the inflation rate...

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Image courtesy of "Premium Times"

Greed, ethics, and public service in Nigeria, By Dakuku Peterside (Premium Times)

The greed of the political elite and civil servants has led to the deepening of low ethical and moral values in government and society.

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Image courtesy of "The Punch"

Unity of Nigeria depends on you, Akpabio tells military (The Punch)

The Senate President, Godswill Akpabio, has told the military that the unity and sustenance of Nigeria depends on the military.

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Image courtesy of "TheCable"

Armed Forces Remembrance Day: Promise Land Estate honours ... (TheCable)

According to the real estate firm, the gesture was to appreciate the families of those who paid the supreme price for the peace and unity of Nigeria. Speaking ...

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Image courtesy of "Arise News"

Nigeria's Inflation Hits 28.92% Amid High Cost Of Food - Arise News (Arise News)

The National Bureau of Statistics has announced on Monday, that the country's annual inflation rate rose to 28.92 percent in December 2023 from 28.20 per cent ...

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Image courtesy of "Africanews English"

Nigeria: The young woman breaking gender bias with her phone ... (Africanews English)

Mafa community in Borno state, Northern Nigeria was among many towns that suffered attacks from the dreaded Boko Haram terrorists which killed many, ...

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