By KELECHI MGBOJI Against the backdrop of closure of pharmaceutical shops in Idumota by Lagos State Ministry of Health, renowned legal practitioner, Mr. Fred Agbaje, has described the action as contempt of court and a clear violation of the order of the State House of Assembly. Recalling a resolution of the State legislature during a briefing in Lagos, […]

By Samuel Olufemi Adebiyi (BDS Advisor, EDC, Lagos) I.            Introduction There is no uniform definition of what business failure (BF) is. Bizdic.comdefines BF as closure or cessation of activity that results in a loss to its creditors. This means that firms that stop working due to lack of sales or profit, or retirement/death […]

On Friday October 22, 2010 By Emily Kaiser WASHINGTON (Reuters) – In 2007, when the world was on the brink of financial crisis, U.S. income inequality hit its highest mark since 1928, just before the Great Depression. Coincidence? Maybe not. Economists are only beginning to study the parallels between the […]