Since Israel and the Arab despots share a fear of the Arab masses, the pragmatists claim that Israel should give up all the land it took control over as a payoff to the regimes, who in exchange will sign peace treaties with it.

CENTERFORSECURITYPOLICY: The pragmatic fantasy

According to Bismarck Rewane, an analyst at Lagos-based Financial Derivatives, many of the banks have managed to meet the capitalisation benchmark by raising capital through share offerings and entering into special treaties which sometimes involve the exchange of loans for deposits.

ECONOMIST: The hard task of reforming Nigeria's banking system