Nigeria Inflation at 9.1%, GDP 6.56%, Interest rate 12%: What next for the economy?
Region: Nigeriahttp://afripol.org Nigeria inflation rate in 2013 continues to be below 10 percent for the fourth month in a role. According to the numbers coming from The National Bureau of Statistics (NBS), the 2013 April inflation rate stood at 9.1 per cent, much higher that of March 2013 which was 8.6 percent. "Sanusi and his gang at Central Bank of Nigeria have made it their agenda to lower inflation rate below 10 percent since... more
Views: 356George W. Bush: A True and Best Friend of Africa
Region: Nigeriahttp://afripol.org/afripol/item/1148-george-w-bush-a-true-and-best-friend-of-africa.html It does not happen often, but five living American presidents recently gathered in Dallas, Texas to dedicate George W. Bush presidential Library. Political and ideological differences notwithstanding, there was a resounding conclusion that George W. Bush policy on Africa was most effective and generous especially his... more
Views: 640CAMAC Energy Inc: Despite Net loss, bright future abounds
Region: NigeriaAFRIPOL Commentary and Analysis: CAMAC Energy Inc. (NYSE MKT: CAK), a United States publicly traded Energy Company that primarily engaged and focused on strategic development of oil projects by singular and multilateral operations principally in Africa. The market capitalization of CAMAC Energy Inc is $104.46 million. As reported by eStock daily, CAMAC Energy cur... more
Views: 683Malawi’s Economy and IMF’s Austerity
Region: Nigeria"Déjà Vu All Over Again." This is the best way I can sum up what is percolating on the beautiful country of Malawi. Remember Africa of 1980s and 90s, when International Monetary Fund (IMF) inundated many cash strapped countries with austerity measures before granting credit lines to them; this is exactly what Malawi is experiencing at the moment. For those who do not know anything abo... more
Views: 941Chinua Achebe’s Things Fall Apart: An agent of Change
Region: Nigeria“Until the lions have their own historians, the history of the hunt will always glorify the hunter.” – Chinua Achebe Chinua Achebe was a revolutionary genius with a descriptive warrior pen. He was ebulliently meticulous; a man of great wisdom and humility, with a rancor-free personality. But his literary approach and expression spearheaded by his novel Things Fall Apart was anything bu... more
Views: 718Chinua Achebe : Immortalize with stamp and currency inscriptions – Chiakwelu
Region: NigeriaEmeka Chiakwelu, the principal policy strategist at Afripol Organization has urged the government of His Excellency President Goodluck Jonathan of Nigeria to immortalize the late Prof. Chinua Achebe by placing his image inscriptions on Nigerian stamps and currency. Speaking at Afripol's headquarter in Houston-Texas, Chiakwelu reminded both Nigerians and Africans at his table commentary on the life of Achebe ab... more
Views: 628Nigeria: Strong Foreign Reserve for Currency Stabilization
Region: Nigeria“Nigeria’s Foreign Reserve at $47 Billion. A Strong foreign reserve is good economics.” - AFRIPOL Beyond its cosmetics largess and intimidating attribute, strong foreign reserve plays a fundamental role in the stabilization of a nation’s currency. In case of Nigeria, the country’s currency which is naira must be stabilized for a healthy and thriving e... more
Views: 524The Economist singing Africa praises:From "Hopeless" To " Hopeful" Africa
Region: NigeriaDr. Nnamdi Azikiwe, the first Nigerian President used to say: “No condition is permanent.” In past decade or more, Africa with all her short comings, vulnerabilities and sufferings appeared to be in a perpetual condition of hopelessness. The disease, political unrest and poverty were making permanent residents in Africa. With these deplorable situations, Africa became a testing ground for all ab... more
Views: 635Nigeria’s inflation at 9%.: Making sense of the Development
Region: NigeriaCommentary and Analysis The recent statistics coming from the country’s National Bureau of Statistics (NBS) recorded an inflation rate of 9 percent in January of the first quarter 2013. The drop from 12 percent inflation rate of December 2012 to the new low at 9 percent is a breakthrough for Central Bank of Nigeria (CBN). According to NBS, “The relative ... more
Views: 1169Stephen Keshi and Super Eagles: Afripol Persons Of The Month
Region: NigeriaIt was nineteen years ago that Super Eagle last won the Africa Cup of Nations championship. But once again they made another history in the annals of African football landscape by defeating the Burkina Faso by a alone goal scored by Sunday Mba. This is a sweet and magnificent victory by The dominant Super Eagle, a breakthrough spearheaded by the great and enduring Coach of Super Eagle Stephen Keshi. Ni... more
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