Here comes the big trouble, for with floating of naira comes massive devaluation, Hyperinflation and higher interest rate. Nigerian government has finally bowed to recommendation by masterly International Monetary Fund (IMF) to devalue naira by allowing the embittered currency to float. Nigerian government cannot be accused of dithering; the government held his own but … [Read more...] about Naira Floats: IMF prevails as pending doom looms
Peter Obi: The Rock of Political Triangulation and Studious Sagacity
Where many politicians have tried and failed, Peter Obi the former governor of Anambra State and the candidate for the senate has managed to succeed, if not triumphed. It will not be understatement to call Peter Obi one of the most successful Igbo politicians in the contemporary Nigeria’s disconcerted political topography. Obi as an astute politician understands the … [Read more...] about Peter Obi: The Rock of Political Triangulation and Studious Sagacity
CBN Interest rate at 12%: Erratic monetary policy and illiquidity
The Central Bank of Nigeria (CBN), the country’s supremely reserve bank has made a decision of hiking the interest rate from 11% to 12%. It was puzzling to many financial and monetary observers because it was less than three months that CBN reduced the interest rate from 13% to 11%. Then it appeared that the monetary policy was gearing towards enhancement of liquidity, but the … [Read more...] about CBN Interest rate at 12%: Erratic monetary policy and illiquidity
Afripol supports Buhari‘s Opposition to Naira Devaluation
Written by AFRIPOL Naira is gradually evolving into a ‘proxy’ and ‘puppetry’ currency to both US dollar and British pound. Therefore it is devoid of logic and not prudent to further devalue naira in this circumstance as stipulated and recommended by the overbearing IMF. The economic managers and financial policy makers of yesteryear Nigeria failed woefully to safeguard and … [Read more...] about Afripol supports Buhari‘s Opposition to Naira Devaluation
DIPLOMAT: Richard Holbrooke’s superior quality in pursuit of stellar diplomacy
The life, energy and development of the late American diplomat, an extra ordinary man of great caliber, Ambassador Richard Holbrooke was documented and narrated in a film by his son. The film named Diplomat is highly recommended to every student of international diplomacy and global politicking. “THE DIPLOMAT tells the remarkable story of the life and legacy of Ambassador … [Read more...] about DIPLOMAT: Richard Holbrooke’s superior quality in pursuit of stellar diplomacy