Opinion

Reports have it that the 36 state governments sued the Federal Government to stop deductions from their allocations at source to pay Paris and London clubs refund due to consultants who reportedly worked to assist the state governments get the refunds in the first place. According to the reports, President Muhammadu Buhari had ignored the governors’ protest against the payment and directed that the creditors be paid the $418 million relating to Paris and London clubs refund, as a result of which the governors headed for court. Delivering judgment on Friday, November 5, 2021, the Federal High Court, Abuja reportedly…
Thursday, 18 November 2021 06:20

The Cantillon Effect: How the rich get richer

Sahil Bloom The Cantillon Effect is the most important economic concept you’ve likely never heard of. Here’s a simple breakdown of the Cantillon Effect—what it is, how it works, and why you should care. Background Richard Cantillon was an Irish-French economist and philosopher born in the 1680s. He is something of a mystery man—not much is known about his life. Early in his career, he achieved material success as a banker and merchant—success that historians have attributed to the formidable political and business connections Cantillon made through his family and employer. This fact would prove relevant to his work later…
Wednesday, 17 November 2021 05:57

We’re all famous now - Sean Illing

Are we all famous now? I know that’s a strange question. If everyone is famous, then no one is famous, right? Well, it depends on what exactly we mean by “famous.” Last month, I read a New Yorker essay by Chris Hayes, the host of All In on MSNBC, that sharpened the question. He asked, what happens when the experience of fame becomes a universal possibility? Anyone who’s on a social media platform like TikTok or Twitter or Instagram is always one viral post away from instant fame — or what feels like fame, anyway. Most of us don’t ever…
Even though Anambra has been in the kitty of the All Progressive Grand Alliance (APGA) for a long time, the recently concluded gubernatorial election in which Charles Soludo bested other candidates to emerge winner is a straightforward case of identity politics. Identity politics is a political approach in which people of a particular gender, religion, tribe, ethnicity, race, social background, class, etc., develop political agendas based upon these identities. The term can apply to multiculturalism, women’s movements, civil rights, lesbian and gay movements, and regional separatist movements. While a majority of the Igbo may not be comfortable with a separate…
While all politicians exaggerate, US President Joe Biden’s claim that his proposed $3.5 trillion spending package “costs zero dollars” rises to a higher plane, and Americans aren’t buying it. Even if the legislation was fully covered by tax increases, the costs for the economy would be significant. US President Joe Biden insists that his $3.5 trillion ($5 trillion without the budget gimmicks) “human infrastructure” bill “costs zero dollars” – nothing, nil, nada. While every president makes foolish statements, this must be the most economically illiterate presidential utterance since Jimmy Carter’s demand that the US Federal Reserve lower interest rates in…
Political magic has become a staple diet of governance in postcolonial Africa. Why tell a simple lie when a more complicated lie will suffice? Why remonstrate with the truth when you know that dispelling and dispersing it with a canister of lies is a more effective and direct solution? When a whole Minister of Information, a man who is not always known for fidelity to the truth or loyalty to inconvenient facts, begins to moan and mutter about being bullied by the press, you begin to wonder whether the Oro-born master of dissimulation has taken the biggest flight of fancy…
The Anambra elections have come and gone but the reverberations will continue for some time to come. The “Igbo party”, APGA, trounced the APC and PDP combined, with the APGA candidate, Charles Soludo, winning with a wide margin that surpassed the combined votes of the APC and PDP. The other parties, except the APC candidate Andy Uba, appeared to have accepted the result but Uba is spitting fire and has threatened court action to retrieve what he described as his stolen mandate! Some politicians! But never put anything past our politicians and never take their threats as empty! Who could…
At No 9, Rumuibekwe Road in Port Harcourt on November 10, 1995, the devil sat in a corner, having a saturnalia. No one could see him. He wore dark goggles, donning the uniform of a five-star Army General, wrapped up in a huge celebratory mood. His arch-enemy, Kenule Beeson Saro-Wiwa and eight other Ogoni activists had just been hanged at the Port Harcourt Prison. Inside No 9, Rumuibekwe, family members sat on the hood of parked disused cars, weeping profusely, others holding their heads in anguish. By that instant the most recently widowed woman in the world, Hauwa Saro-Wiwa, was…
Fear thou not; for I am with thee: be not dismayed; for I am thy God: I will strengthen thee; yea, I will help thee ~ Isaiah 41:10a. Introduction: Life is a journey, excellence is the target. However, until you receive supernatural assistance, people are bound to see your sweat. Why? The universe is too complex for any human being to exist here without supernatural help. Man's search for supernatural help always begins at the point where he realizes that he is faced with a resistance beyond his power, and that his needs are beyond his human capabilities. Happily, this…
Many Christians are still living frustrating lives. We cannot live lives of victory. We cannot stop smoking. We cannot stop drinking. We cannot stop fornicating. We cannot stop losing our temper. We find it difficult to forgive and forget. We still have ungodly thoughts. We are still held in the bondage of masturbation. We are addicted to pornography. We still find ourselves telling lies. And all the time, the devil keeps telling us that we are not Christians. Our hearts continue to condemn us, and we come to believe that we are hypocrites. In many respects, the church has been…
April 22, 2025

9 banks haul in N14trn interest income as manufacturers, small businesses groan under high borrowing…

Nine major Nigerian banks recorded a combined interest income of N14.26tn in 2024, representing a…
April 21, 2025

Tunde Bakare to Tinubu: ‘Stop playing God, embrace humility’

In a fiery Easter Sunday state-of-the-nation address delivered in Lagos, Tunde Bakare, the serving overseer…
April 21, 2025

How Easter transformed the world like nothing else ever could

Scott S. Powell Across cultures throughout human history, people have sought to flee oppression and…
April 19, 2025

UFO: US Navy reports on mysterious aircraft launching from sea

A group of unidentified flying objects spotted by Navy sailors is raising eyebrows after witnesses…
April 22, 2025

ISWAP claims responsibility for deadly attacks on soldiers, Christians in Northeast

The Islamic State West Africa Province (ISWAP) has claimed responsibility for a series of deadly…
April 22, 2025

What to know after Day 1153 of Russia-Ukraine war

WESTERN PERSPECTIVE Putin says he is open to direct peace talks with Ukraine Russian President…
April 22, 2025

Taking statins could slash dementia risk - even if you don't have high cholesterol -…

Taking statins could dramatically reduce the risk of dementia, even in those who already have…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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