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Chairman Dangote Group, Aliko Dangote, last weekend inaugurated a new 8000 hectares of rice out-growers scheme in Hadejia, Jigawa State to ease the country’s food import dependency, the Daily Post reports. Last week, Mr. Dangote said the group was struggling with a tightened supply of foreign exchange, and is relying on its international cement operations and […]

Just days after President Muhammadu Buhari approved the replacement of 13 vice chancellors of Nigerian universities, the hammer has fallen on the heads of the six information-related parastatals under the ministry of information and culture. The minister of information and culture, Alhaji Lai Mohammed, made the announcement today Monday, February 15 during a meeting he […]

Cross River State plans to expand land under cocoa cultivation by a third in the current season and revamp old farms in a bid to double output, the commissioner for agriculture, Egrinya Eneji, said Friday in an e-mailed response to questions from Bloomberg. According to Eneji: “We intend to bring about 4,000 hectares of previously […]

Nigerian stocks started the week on a positive note as the All Share Index(ASI) appreciated by 0.56% to close at 24,827.50. Banking stocks were the most traded today, as a total of seven (7) banks made up the list of the most traded stocks on the exchange. Investors bought 140,800,956 units of Zenith bank shares, […]Read More

NAIRAMETRICS only reported the sack of heads of Federal Government’s information-related agencies a while ago, but it seem the Presidency is not content, following up with another statement announcing the removal of 20 more heads of federal parastatals and agencies. Here is the statement from Secretary to the Government of the Federation, Engr. Babachir David […]

Nigeria is not alone in the battle against the dollar that is currently ravaging its economy. What is different is how each country is dealing with its own challenges. For Nigeria, the government and the CBN have decided to adopt a policy that restricts the sale of forex to end users, banning items from its […]

+ A Complete No Fluff “Blueprint” To Show You How To Follow My Steps And Open A Duly Verified USA PayPal Account In Your Name That Will Be Accessible For Life…For Receiving And Sending Payments And How To Open A Real USA Bank Account For FREE That Can Be Used To Withdraw PayPal Funds Via Any ATM Machine With MasterCard Logo […]Read More

If the investigation carried out by The Punch is anything to go by, several Nigerian commercial banks are culpable for exacerbating the current acute shortage of foreign currency in the country. Due to the Central Bank of Nigeria (CBN)’s rationing of forex, many prospective importers have become desperate in need of forex to import products […]

We just cannot wait for the next time either Abe or Kuroda utter the following string of words “[stimulus – insert any combination of equity buying, bond buying, money printing, and NIRP] is having the desired effect.” For the sixth time in the last 6 years, GDP growth has once again turned negative and while […]

Excerpted from Satyajit Das’ new book “The Age Of Stagnation”, If you look for truth, you may find comfort in the end; if you look for comfort you will not get either comfort or truth, only . . . wishful thinking to begin, and in the end, despair. C.S. Lewis The world is entering a […]

In case you haven’t noticed, Iran is on a roll. Much to the chagrin of Israel and any number of GOP lawmakers in the US, the nuclear accord is a done deal and creates a $100 billion windfall for Tehran. And that’s just the beginning of the story. Starting in Q1, Iran will ramp crude […]

As you might have noticed, Bernie Sanders isn’t exactly enamored with the growing divide between the rich and the poor in America. In fact, the firebrand senator from Vermont hates inequality worse than just about anything else in the world, and he’s pretty clearly willing to make the federal government even more bankrupt than it […]