Tag: GDP

Posted on

When Shell Companies, Bribes and Billion-Dollar Fantasies Meet Nigerian Bureaucracy: Lessons from P&ID (and a Cheer for Mambilla) by Lawson Akhigbe

In the grand theatre of Nigerian public life, where contracts are signed with the solemnity of wedding vows and then abandoned with the enthusiasm of a jilted lover, few dramas have rivalled the Federal Republic of Nigeria v Process & Industrial Developments Ltd saga. The 2020 English High Court decision ([2020] EWHC 2379 (Comm)) was merely the intermission. The full production, complete with bribes, perjury and a near-$11 billion bill, only reached its denouement years later. Yet that September 2020 judgment by Sir Ross Cranston remains the pivotal moment when Nigeria was allowed, against all the usual arbitration orthodoxy of finality and speed, to drag the whole rotten affair into the light.

Posted on

Kemi Badenoch and the economy: a plan stuck in the Tory comfort zone by The Guardian Editorial

To outlast a prime minister always counts as some kind of achievement for an opposition leader, although Kemi Badenoch cannot claim credit for Sir Keir Starmer’s downfall. Sir Keir’s wounds were mostly self-inflicted. To the extent that opposition pressure was involved, it was electoral threats from Reform UK and the Green party that stoked Labour party frustration to a regicidal pitch. The Tory leader’s role was largely as a spectator.

Posted on

Shares for the Many, Not the Few: What Dangote’s IPO Owes to Margaret Thatcher, and What It Might Teach Her Country by Lawson Akhigbe

The theory behind all of it, gas, telecoms, water, rail, was called popular capitalism, and it rested on a wager: that if enough ordinary Britons held shares directly, they would develop a stake, literal and psychological, in the fiscal health of the nation. Capitalism would stop being something done to people and start being something done by them.

Posted on

DANGOTE REFINERY IPO: WHAT ₦525 REALLY MEANS BEFORE YOU SUBSCRIBE

Dangote Petroleum Refinery and Petrochemicals FZE is offering 4.1 billion new ordinary shares at ₦525 each. The minimum subscription is 10 shares, costing ₦5,250.

Posted on

Same Shit, Different Hat: A Timeless Fashion Statement in Political Extremism by Lawson Akhigbe

Ah, the internet has done it again. While the rest of us are busy arguing over pineapple on pizza or whether socks with sandals constitute a war crime, some genius has distilled centuries of ideological garbage into one glorious, four-panel roast. Behold the meme that slaps you harder than your uncle at Thanksgiving: "Same Shit, Different Hat."

Create a website or blog at WordPress.com