
Lamido Sanusi, Governor, Central Bank of Nigeria
This could however be both an asset and a liability. Too much love of ‘grammar’ could lead to an undue love for the podium and limelight, with attendant risks of gaffes in moments of rhetorical flourishes.
Central Bank Governors are thought to possess so much crucial information about their country’s economy that investors and analysts closely monitor their utterances even after they have left office. For instance, when Alan Greenspan, who retired as Chairman of the US Federal Reserve on January 31, 2006, predicted on February 26, 2007 that the US would enter into recession before or in early 2008, the Dow Jones Industrial Average dropped by 416 points (or 3.3% of its value) the following day. At that time, it was the worst one-day loss since September 17, 2001, when it lost 684 points (7.1%) after reopening in the wake of the 9/11 terrorist attacks. Read the rest of this entry »

Globacom Limited, Nigeria’s second national operator (SNO) has its eyes on Aircom, a GSM licensee in Cote d‘Ivoire in a bid to advance its plan to enter Cote d’Ivoire’s mobile telephony market. According to a report in Nigeria’s Technology Times, Globacom may have opened talks with Aircom in a bid to enter the market anytime soon but details are still very hazy for now.