Afripol lauds Gov. Oshiomhole and people of Edo, Nigeria
Region: Nigeriahttp://afripol.org/ "There is an emerging light at the end of the tunnel” - Afripol's Emeka Chiakwelu, Nigeria is gradually but steadily getting comfortable with democracy and the peaceful re-election of Governor Adam Oshiomhole of Edo state is a testament and indication to this development. Governor Adam Oshnole deserved a praise on the way he conducted himself in the campaigning process towards his re-e... more
Views: 1250President Mohamed Morsi and Egypt: A future full of uncertainties and Opportunities
Region: Nigeriahttp://afripol.org/ Egypt's future is full of uncertainties but also with opportunities that can affirmatively transform the region for good. After all said and done, Mohamed Morsi has finally been sworn in as the first democratically elected president of Islamic Egypt. The journey to the presidency was not sown in roses, President Morsi ‘s political party Muslim Brotherhood was banned for d... more
Views: 1130Governor Peter Obi and El Rufai: In Defense of Anambra Integrity
Region: Nigeriahttp://afripol.org "Facts speak louder than statistics" - Mr. Justice Streatfield (1950) In the war of words, "the first casualty is the truth," for when the numbers are pliable and shaded to accomplish a s... more
Views: 1166Nigeria Economic Activities: Inflation, Interest Rate and CBN Meeting
Region: Nigeriahttp://afripol.org/ Inflation rate at 12.9%, Central Bank of Nigeria (CBN) retains interest rate at 12 percent. But economic activities are becoming unpredictable. The two-day meeting of Central Bank of Nigeria's Monetary Policy Committee (MPC) ended with a lukewarm outlook, projection and pronouncement on the state of the economy by the Governor Sanusi, the head of the country's apex bank. Sanusi noted t... more
Views: 1901Nigeria - Transparency for the management of $1 Billion Sovereign Wealth Fund - Afripol
Region: Nigeriahttp://afripol.org/ At the on-going World Economic Forum at Addis Ababa, Ethiopia the Nigerian minister of finance, Dr. Okonjo-Iweala spoke to Wall Street Journal on the country’s sovereign wealth fund (SWF). She confirmed that $1 Billion was withdrawn from Excess Crude Account and was used as seed money to establish Nigeria’s sovereign wealth fund. The Excess Crude Account was also the so... more
Views: 1764Kenyan Oil Discovery: A Source of Wealth Creation and Development
Region: Nigeriahttp://afripol.org/ With the discovery of a large oil deposits in the isolated northern Turkana region of Kenya by Tullow Oil PLC and British Oil, the east African nation has begun its journey of joining the exclusive club of African oil producing nations. Africa is becoming the gold rush for oil exploration: Oil and gas exploration spots are crowding African landscape. With already older oil exploration ... more
Views: 2208Eurozone Politicians are Rejecting Austerity Measures unlike African leaders
Region: Nigeriahttp://afripol.org/ "In all the capitals, beyond government leaders and state leaders, there are people who, thanks to us, are hoping, are looking to us, and want to put an end to austerity,” with these liberating words the newly elected president of France, Socialist François Hollande assured French people and the rest of debt-ridden Eurozone that the delving austerity measures are not welc... more
Views: 921Nigeria: Inflation spikes, Naira recoils and T-bills sell continues
Region: Nigeriahttp://afripol.org/ The country’s inflation rate is not subsiding and with March's surging inflation rate at 12.1 percent, the partial removal of fuel subsidy has begun to clamp down on the economy. The inflation rate of February was at 11.9 percent, and the new number for March (12.1 percent) shows that inflationary trend is gaining momentum as expected. Food inflation rate increases from the Feb... more
Views: 869“Dangote Cement listing on London Stock Market is not necessary” - Afripol
Region: Nigeriahttp://afripol.org/ Aliko Dangote, the richest African capitalist is on a move and it is no surprise to global market observers and analysts that he is strategizing to list his $11 billion Dangote cement on London stock Market. With its vast expansion and investments beyond its primary base in Nigeria into the rest of Africa’s emerging markets, Dangote Cement without doubt needs more resources and fu... more
Views: 1802Okonjo-Iweala for World Bank: Obama's United States ready for Change?
Region: Nigeriahttp://afripol.org/ Since the inception of World Bank, United States of America have been producing presidents of the Brentwood institution. But this time around a new tune is brewing and United States may have to be ready for a change. For the first time, there is the possibility, that United States candidate, Dr. Jim Yong Kim may lose the position to Nigeria's Ngozi Okonjo-Iweala. But how is going to hap... more
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