Written by John-Abba-Ogbodo and Bridget Chiedu Onochie, Abuja Senate claims ‘strange’ N1tr in 2012 budget NIGERIA’S debt profile is set to rise by N1 trillion. President Goodluck Jonathan, who says he is in dire need of funds to execute some critical projects, wants the National Assembly to clear the coast for him to borrow N1.3 trillion from the World Bank, African … [Read more...] about Nigeria Big borrowing: Jonathan seeks Assembly’s nod for N1.3tr loan
Nigeria’s Economic growth and Statistics: Interest Rate, Real GDP, Employment and Inflation
Are Statistical data and indices coming from the National Bureau of Statistics (NBS) delineating the reality and correlation between the economy and country's well-being? Governor Sanusi Lamido Sanusi of the country’s apex Federal Reserve Institute, the Central Bank of Nigeria and its monetary policy committees retained the benchmark interest rate at 12 percent. … [Read more...] about Nigeria’s Economic growth and Statistics: Interest Rate, Real GDP, Employment and Inflation
President Obama Re-election Strategy: Operation “Let’s Stay Together”
Operation "Let's Stay Together" Mr. Barack Obama, the president and commander-in-chief did something that may be a clue on how his campaign will be conducted in the forthcoming presidential election. While in New York at the famous Apollo Theater he made the spur-of-the-moment rendition of Rev. Al Green classic song “Let’s Stay Together” and the crowd went ecstatic, later … [Read more...] about President Obama Re-election Strategy: Operation “Let’s Stay Together”
Nigeria: IMF role in fuel subsidy removal?
IMF role in the recent fuel subsidy removal in Nigeria No matter how the Nigerian present economic team chooses to shade, equivocate or obfuscate it, International Monetary Fund (IMF) played a significant role, if not an upper hand in the removal of fuel subsidy in the poverty stricken Nigeria. It is no longer news neither is it a surprise that IMF has been interested in the … [Read more...] about Nigeria: IMF role in fuel subsidy removal?
President Obama Boosts Al Green’s Sales Almost 500 Percent
Written by Gil Kaufman Obama's singing of 'Let's Stay Together' at Apollo Theater last week upped sales of iconic 1972 hit. Sure, clean energy, the return of manufacturing, a boost in education spending and saving the domestic car industry are awesome ways to revive the American economy. But another tactic President Obama might consider is more singing. Because a … [Read more...] about President Obama Boosts Al Green’s Sales Almost 500 Percent