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The economy faces its worst economic crisis in years, as the value of exports, mostly crude, plunged 52 per cent to N1.27 trillion. Much of the hard currency the nation needs to finance imports evaporated. With limited manufacturing capacity, Nigeria imports most of what it consumes. An analysis of Nigeria’s economic indicators has shown that there is cause to worry as they point to the possibility of an economic recession. Last year, the level of business confidence in Nigeria stood at 8.3 percent, while consumer confidence dropped to -3 from -1.9 recorded in the previous quarter. Also, latest statistics on the country’s Gross Domestic Product (GDP) growth rate show that the economy grew at 9.19 percent by the end of September last year from 2.57 percent recorded in the previous quarter. The projections indicated that the value of total trade is expected to reduce in 2016, increasing by only 2.41 percent as a result of moderations in imports and exports. Allocation from...

A young man was discussing an issue with his friend who sat near him in a public transport bus. This subject of discussion drew the attention of everyone in the bus and raised a hot debate amongst passengers. The young man narrated how one of his co-workers was sacked because she had a wedding over the weekend without inviting her boss or associates. The only person she was reported to have invited was her friend who sits next to her desk in the office. The boss got wind of it and was furious. The week after the wedding, the lady was sacked. Passengers had different opinions, some felt it was unfair to have relieved the young lady of her job considering the fact that she just got married, others felt the boss’ decision was too harsh but only a few agreed with the decision. Would you have also taken same action or perhaps feel less bothered due to the fact she  had been able to show she is diligent, efficient and passionate towards realizing the goal of t...