Written by (Bloomberg) Nigeria Devalues Naira, Holds Interest Rate to Spur Growth The midpoint of the naira target band was lowered to 155 per dollar from 150, Governor Lamido Sanusi told reporters in the capital, Abuja, yesterday. The benchmark interest rate was left at a record 12 percent. The Central Bank of Nigeria had raised its key rate at every meeting this … [Read more...] about Nigeria Devalues Naira
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Whither Nigeria’s educational system
Written by Muhammad Ajah Illiteracy is catastrophic and it exposes citizens to poverty, ignorance, maternal mortality, hunger, violence, abuse, exploitation, trafficking, HIV/AIDS and other diseases. Is any of these abstractions and qualities amply unavailable in Nigeria? When I insisted to go to school in the good olden days, I was denied the opportunity to be enrolled … [Read more...] about Whither Nigeria’s educational system
Nigeria National Awards in Abuja in pictures
Nigeria's 2011 National Honours Awards "The 2011 edition of the National Honours Awards held in Abuja on Monday. With about 364 recipients, the award ceremony took several hours as honourees from diverse fields filed out for the presidential handshake and award. The event, beamed live into homes and offices across the country, saw the awardees well decked out to receive … [Read more...] about Nigeria National Awards in Abuja in pictures
Nigerian Government, Achebe And National Honours
Written by Tayo Ogunbiyi FG, Achebe And National Honours Again, Professor Chinua Achebe, Nigerian world acclaimed literary genius, has rejected the offer of a national honour from the federal government. The first time that this illustrious son of Africa rejected such was seven years ago, under the administration of General Olusegun Obasanjo (rtd). The Nigeria National … [Read more...] about Nigerian Government, Achebe And National Honours
NIGERIAN ECONOMY AND IMF FORECASTING
IMF comes with depressing forecast of lower productivity and higher inflation There is no doubt about this assertion; International Monetary Fund (IMF) is adamant and committed about being an important entity on Nigerian economic and financial scene. IMF the self-appointed chief financial adviser to Nigeria has made its annual econometric forecast on country’s economy. IMF … [Read more...] about NIGERIAN ECONOMY AND IMF FORECASTING