A.    BACKGROUND Nigeria has maintained a liberalized foreign exchange market since the enactment of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act in 1995. The Act established an autonomous foreign exchange market and guaranteed the unconditional...

Introduction        The Nigerian economy fell into a recession in the second quarter (Q2) of 2016, as it recorded a GDP growth rate of -2.06% (www.nigerianstat.gov.ng/report/434) owing, amongst other variables, to the fall in the price of oil. In a bid to resolve the...

A. Introduction A value added service (VAS) is any service other than voice calls provided over a mobile network to subscribers. In Nigeria, VAS is big business and the most popular VAS is probably caller ring back tunes. The Nigerian VAS industry, estimated to be...

As at July 2016, the total installed power generation capacity in Nigeria, a country of over 187 million people (www.worldometers.info), was 12,522MW; 85% of which is gas-fired (thermal) and 15% is hydro-generated. The country achieved its highest peak generation...

Introduction Nigeria is currently ranked 169 out of 189 countries in the World Bank Ease of Doing Business index. This is a small improvement on Nigeria’s ranking of 170 in 2015, and 175 in 2014. Nigeria’s average ranking between 2008 and 2015 was 141, reaching an...

Introduction The federal government has been making concerted efforts to attract private sector financing with a view to bridging the infrastructure deficit in Nigeria. The Minister of Finance, in an April 8, 2016 article, mentioned that Nigeria’s first-ever “project...