The disbursement of ₦1.2 trillion over a short period of 6months to capital, is a strong and positive development in Nigeria
Oil palm is native to Africa and when grown sustainably, it is the best solution to balance the competing demands of people, profit, and the environment
The Oil producing Angola in the Southern part of Africa faces what Nigeria faced 12months ago; a distortion in its exchange rate with a difference between the official markets and the parallel black markets. One dollar through the official window buys you 166 kwanza, while one dollar through the black market buys you 400 kwanza. […]
The Ministry of Trade & Investment in coordination with the Nigeria Export Promotion Council are hoping to use the EEG as a tool to buffer foreign export to Sub Saharan African Countries as a means to boost export revenues and reduce the dependence of the Nigerian Economy on Oil receipts.
For instance, Ecobank Transnational Corporation (ETI) a Togolese Bank with 1,239 branches in 33 countries, of which 512 branches are domiciled in Nigeria, 40% of total assets are based in Nigeria, and only 12% of its $2.1bn annual revenue for the 2015/2016 fiscal year came from its host country in Togo, has its benefits to the Nigerian economy and other African Economies where its registered as a subsidiary of its parent company not fully felt, as the increased reserve requirements of a foreign bank in a host country restricts the lending capacity by 6%.
International investors are worried that with the intimidation of the judiciary and opposition members of the parliament, a civil war like the one that was experienced after the 2007 elections in which Mr. Odinga lost, that led to the death of 1,200 people would not repeat itself.
Akinwunmi Adesina, a former minister of Agriculture under former President Goodluck Jonathan, who was announced in June, 2017 as the Nobel Prize Laureate for the World Food Prize for his amazing Quest to equip the youths of Africa with the tools, financing and structures necessary to feed a continent and create a livelihood for exports […]