When President Donald Trump this year said the dollar might be “too strong,” he added a new twist to how the U.S. government talks about its currency. Going back to the 1990s, U.S. officials have repeated that the U.S. believed in a “strong dollar,” a mantra meant to avoid roiling currency markets. How to handle […]
Read MoreUnlock the mysteries and inner workings of the world through one of the most imaginative art forms ever — mathematics — with Roger Antonsen, as he explains how a slight change in perspective can reveal patterns, numbers and formulas as the gateways to empathy and understanding. Watch
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The number of women on the boards of public quoted and private firms is still low and below expectation, according to speakers and participants at the Women in Board seminar held in Lagos on Thursday. They said the conversation around ‘Women on Board’ was part of the global drive for gender equality to empower girls […]
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The harsh economic situation facing the country may have forced about 3.67 million Nigerians into the employment market between October 2015 and last September, the National Bureau of Statistics (NBS) has said. According to the Bureau’s analysis of the unemployment in the country, the number of unemployed Nigerians rose from 7.51 million in the beginning […]
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Boko Haram’s insurgency in northeastern Nigeria and around Lake Chad has uprooted more than 2.4 million people and left some 10.7 million in need of aid in a humanitarian catastrophe considered to be one of the world’s most neglected crises. International donors at a conference in Norway last month pledged $672 million in new money […]
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A currency devaluation may do little to fix Nigeria’s problems unless it follows the examples of emerging market peers Egypt, Argentina and Russia and embraces floating exchange rates. Grappling with recession, widespread dollar shortages, a budget funding gap and international lenders’ reluctance to provide loans, Nigeria has moved tentatively to devalue its currency. The naira […]
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The surprise was finding that people dependent on candles, batteries, kerosene and fuel for generators in countries without a secure supply of electricity spend more on power than solar options. The founders of Dutch company Lumos knew they could do better. In Nigeria, for the cost of powering a small generator for two hours they […]
Read More The economic recession notwithstanding, the country was able to raise over $7.8billion of the proposed $1 billion in the Eurobond market, in what signifies a global investors’ endorsement of the federal government’s economic recovery initiatives and growth. The issue was 750 percent oversubscribed; underscoring buoyant investor appetite for Africa’s largest emerging market. The bond, issued […]
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Investing isn’t just for the rich. It is true that if you have lots of cash, you’ll have lots of options on where to put it. But if you are just getting started and have just a minimal amount of money to work with — anywhere from $5 to $1,000 — you may have more […]
Read More Nigeria will devalue its Naira currency later this year in an effort to improve liquidity and close the gap between the official and exchange parallel markets, a poll conducted by Reuters showed. That expectation by seven of the nine economists polled this week comes even though Central Bank of Nigeria (CBN) Governor Godwin Emefiele has […]
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Pastor Tunde Bakare of the Latter Rain Assembly has given panacea to myriad of problems facing Nigeria. The former vice presidential candidate at his State of the Nation Broadcast on Sunday in Lagos, said the country must discard its confusing and discriminatory exchange rate, remove kids glove in its fight against corruption and tackle insecurity […]
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Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere, report according to Bloomberg. In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents […]
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