RiverNaija

The process of sharing Nigeria’s oil block national cake is as fraudulent now as when Ibrahim Babangida started the process of discretionary allocation of oil blocks to indigenous firms. Discretionary allocation of oil blocks entails that a president can reward a mistress who performs wonderfully with an oil block with capacity for cumulative yield of over $20 billion dollars without recourse to any process outside of manhood attachments. Babangida, Abacha, Abdulsalami and Obasanjo awarded discretionary oil blocks to friends, associates, family members, party chieftains, security chiefs and all categories of bootlickers, spokespersons and cult members without any laid down procedures. The recipients of such oil blocks will get funds from ever willing offshore financiers and partners to graciously settle the benefactors, the awarders, facilitators and the Commander-in-Chief through fronts. These settlements mostly paid into foreign accounts runs into hundreds of millio...

By Odilim Enwegbara “A weaker euro…a sharp decline in the euro’s exchange – say by 15 per cent – would remedy many of Eurozone’s current economic problems. A weaker euro would raise the cost of imports…devaluation of [euro] would also boost average Eurozone GDP growth by stimulating exports and encouraging Europeans to substitute domestically produced goods and services for imported items…[Thus] a weaker euro would significantly improve the external balance with the rest of the world.” That was Martin Feldstein’s remedy for current Eurozone’s economic malaise. For the reader who may not know who Mr. Feldstein truly is; it is important to introduce this far-right Harvard economist. Chairman, President Ronald Reagan’s Council of Economic Advisers (1982-1984) and emeritus President the US National Bureau of Economic Research, Feldstein was allegedly one of the front-line neoliberal economists who supervised Washington’s economic fascism in developing countries in the false name o...

As a follow up on the article ‘What is your exit strategy?’ let us take a look at why there is a general perception that investing is risky. Investing per se is not risky. What is risky is the investor not knowing what he or she is doing. Most investors have no clue what they are doing. They hear a rumour that a certain market is booming and they want a piece of the action. They jump in first and learn later – usually the hard way. In an age where instant gratification is valued above due process, we are always looking for a short cut. Rather than learn the ropes, understand fully what we are doing, start small and keep learning more as we go along, we make a big jump based on half-baked advice and expose our investment to unnecessary risk. In short, we take a naked position. By leaving your investment or asset in an exposed or naked position, you put it at risk of loss. Online, if your website or system is naked (having inadequate firewall or strong password protection), a hacker c...