Africa is confronted with lack of internal security which becomes a deterrent force in the economic advancement of the continent. Capital flight and low foreign investment are the precipitates and ramification...

CAMAC Energy Inc. (NYSE Amex CAK 3.97, -0.18, -4.31%) US publicly traded Energy Company that primarily engaged and focused on strategic development...

It was hard to believe BP when it announced oil had stopped gushing into the Gulf of Mexico on Thursday, July 15. It had taken 87 days. There was relief but little jubilation: it will take many years to...

  Polio has been identified as one of the most damaging diseases which can snatch away a child’s physical, mental and emotional stimulus to lead a normal, healthy and happy life. This is why; countries...

Nigeria the economic power house of West Africa sub-region was invited to the G-8 and G-20 combined summit that took place in the Western hemisphere nation of Canada. Nigeria is not an official member...

Image of a nation might as well be the destiny of a nation. Nigeria's disfigured image in the global village has become an insignia of dishonest, dishonor and disrespect; this is outright humiliation of a nation of almost 150 million people. Majority of Nigerians are industrious, God-fearing and law abiding people. But a tiny minority is destroying the image of the country and the governance ineptitude is adding salt to the injury. Consequentially,...

Nigeria has a new Minister of Finance, Olusegun Aganga a managing director at Goldman Sachs branch in Britain. Aganga, a free marketer has a substantial experience in private industry together with his academic brilliance, he can efficiently manage and oversee Nigeria’s financial house. The minister of finance must be ready and keen to make sure that Nigeria will not fall into the trap of large external debt...

The Governor of Central bank of South Africa, Gill Marcus has proven herself a pragmatic free market banker rather than ideological by the way she goes about with her responsibilities as the apex banker of the land. She has wisely asserted her independence by refusing to yield to pressure from politicians and labor union to further cut down the benchmark interest rate. "On March 25, the central bank cut its benchmark interest rate to the lowest...

Adam Smith's Wealth of Nations, the classic and the enduring book in which the characterization consolidated the fundamental mechanisms of capitalism, cautioned marketers and capitalists to invest where they have comparative advantages. The risk will be minimal and potential for success more viable. But capitalist and capitalism in the Western world is charting a new course; they invest in just anything without in depth feasibility studies and...

A large oil reserve estimated 2 billion barrels has been found in the Albert region of Uganda by oil firms Tullow Plc and Heritage Oil & Gas Company. The people of Uganda including President Yoweri kaguta Museveni are elated about the discovery. This is good news and with efficient management Uganda can say good-bye to poverty. Uganda can now increase her GDP and foreign reserve. The oil discovered in Uganda contains less sulfur which is good...

The Central Bank of Nigeria (CBN) announced at the beginning of the first quarter 2010 to keep and maintain 6 percent benchmark interest rate. The unchanged interest rate reassured and reaffirmed the commitment for pro-growth and credit availability policy pursued by governor of Central Bank, Sanusi Lamido Sanusi. While the monetary policy rate was left at 6 percent, the borrowing rate was lowered at 2 percent from previously 4 percent but the...

The greatest threat and the major contributory factor in the undermining of a given economy and its currency is inflation. The monetary well being of a nation can go under and deteriorated drastically when inflation rears its ugly head and a once buoyant economy can become sicken with depressing currency, GDP and lower productivity. But in most cases Inflation could become a tool to erode the debt of a nation; a country with large domestic and...

Nigerian government in the year 2006 paid almost $20 billion to two giant international syndicates: Paris Club and London Club of Creditors to settle her foreign debts. This transfer of wealth by a relatively poor nation contradicts the entire prudent financial judgment and rudimentary economic disposition preached to Nigeria by the rich donor nations that babbles about the ills of capital flight in developing nations. The government of President...

The vision of transforming Nigeria’s economy by 2020 must be strategically framed, rooted in sound macroeconomics fundamentals and elucidated legal framework to accomplish the targeted goal. Nigeria has come of age, and is now determined to expand her economic frontiers and to invest in the populace. The targeted year 2020 is the year Nigeria proclaims that she will make the list of one of the greatest/best twenty economies in the world.
During...

  Mr. Vincent Ogboi, Senior fellow, economic and financial analyst on African affairs at Afripol organization was optimistic on the benefits of democracy emphasizing that democracy belongs to the people not a chosen few. Ogboi said, "Democracy in Nigeria @ ten although not a complete failure is still not out of the ICU-Intensive Care Unit. All the major and critical indicators of political transitions to a true democracy are still missing in the...