By Eromo Egbejule, WorldNewsVine, Nigeria Lagos (Aug 30) – NIGERIA is a no credit crunch economy, the World Bank declared yesterday in a report presented to President Goodluck Jonathan in Abuja. The bank, in a report of a recent research conducted on the state of the Nigerian economy, gave the country a clean bill of [...]
By Eromo Egbejule, WorldNewsVine, Nigeria Nigeria will celebrate her 50th Independence anniversary with a new N50 note bearing the celebration’s logo. This was announced by Yayale Ahmed, the Secretary to the Government of the Federation, announced on Thursday in Abuja. Mr. Ahmed, who was represented by the Director General of Nigeria at 50, Baba Kaigama, [...]
By Ehis Agbon, Nigeria. Electricity workers in Nigeria have embarked on an indefinite strike, shutting down transmission and distribution operations across the country to protest poor working conditions. The strike is coming against the alleged backdrop of failure of the Federal Government to honor the agreement reached with the electricity workers to implement increases in [...]
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By Eromo Egbejule WorldNewsVine – Nigeria Nigeria (Aug 11) – There is literally fire on the mountain as the Nigerian capital market regulator, the Security and Exchange Commission, said yesterday that about 260 persons and organizations are to face charges over the crisis in Nigeria’s capital market, a week after the head of the Stock [...]
By Eromo Egbejule, Nigeria The Securities and Exchange Commission yesterday named Emmanuel Ikhazobor as interim administrator to oversee the Nigeria Stock Exchange (NSE) pending the appointment of a new director-general to replace Mrs. Onyiuke-Okereke. Insider sources say Yvonne Fasinro, JP Morgan Chase Country Lead for Nigeria, will soon be named the substantive director general Mrs. [...]
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It’s nice to see the long-stewing Chinese currency manipulation pot bubbling a bit again, thanks to China’s latest blatantly disingenuous move to allow a token fluctuation or two of the yuan.
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As America continues to contemplate its trade mess, the question naturally arises how other developed nations manage to trade with the world without deficits and without turning high-wage industries into low-wage industries to compete. Although some other developed nations, like Britain and Spain, have trade situations almost as bad as ours in recent years, some have been quite the opposite.
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Iceland’s Eyjafjallajokull volcano is once again wreaking havoc with major airports in Great Britain, Ireland, and portions of Europe. Last week a shift, I the jet stream forced the closure of airports in Northern Spain and parts of France.
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Flights out of Europe disrupted again on Saturday, and Sunday’s flights may see as many delays if not remain at the gates as the
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