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Nigeria: Inflation declines to 8.3% in September

The National Bureau of Statistics recently released September 2014 inflation numbers which showed that inflation declined for the first time in 6-months to 8.3%. Looking at the breakdowns, the core index component was flat at 6.3% whilst the food index dropped from 9.9% in August to 9.7% in September. 338 more words

Nigerian Economy

Recent dips on fuel prices are causing global concerns and also creating worrying predictions for countries with high dependence on revenue from crude oil for countries such as Nigeria. 293 more words

#Crude Oil Price Decline

GENERATING THE REQUIRED FINANCING GAP TO JUMP START THE ECONOMY – THE LANDASSETS PLAN

As an individual, I was so affected by the RESIDUAL FINANCING GAP theory of the NEEDS objective, which requires SPECIAL EFFORTS TO MOBILIZE THE REQUIRED FINANCE that I floated LANDASSETS CONSULT LIMITED in 2002 and got a few key staff/personnel enmeshed in the study and research into the problems of the economy, and how, not only to provide solutions to such elements as job creation; wealth creation; poverty reduction; wealth redistribution; and of course, mobilizing the “Residual Financing gap”. 2,638 more words

Economy

STAMPING OUT THE ‘GHOST’ PHENOMENON

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One of the notable disincentives to development in Nigeria is the fraud known as the ‘ghost’ phenomenon. It is a phenomenon or practice which seems peculiarly Nigerian in origin and practice. 567 more words

Economy

JOB CREATION- LEGISLATING MINIMUM EMPLOYEE FIGURE FOR GOVERNMENT CONTRACTS AND CONTRACTORS

Sometime in 2011, before the race for his re-election began in earnest, President Barack Obama, while exercising his executive privilege, and with a view to creating some thousands of jobs, proposed a number of civil works such as building of roads, bridges, etc. 640 more words

Economy

THE UNEMPLOYMENT SCOURGE – THE FIRE NEXT TIME

At no other time in the history of the modern world is the unemployment scourge as manifest as it now is. Serious and well meaning governments the world over recognize this obvious fact, and are therefore doing their utmost best to address the problem. 1,384 more words

Economy

CHECKMATING CRUDE OIL THEFT – THE CODING OPTION

Oil has been, and remains the life blood of this nation. However, our lack of commitment towards guarding against the profuse bleeding of this life blood has been rather embarrassing. 867 more words

Economy