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March 14, 2021 Merchandise Trade Report: Worst Trade Deficit on Record as Exports Plummet

Nigeria’s merchandise trade improved 8.9% q/q in Q4:2020, the highest since Q2:2019 though dipped 9.9% y/y to ₦9.1tn. For FY:2020, merchandise trade fell by 10.3% y/y to ₦32.4tn due to a sharp contraction in exports according to report by the NBS. Consequently, the trade balance had a deficit of ₦7.4tn, the first since 2017 and […]

March 1, 2012 Food importation: good or bad business?

Despite the abudance of fertile lands and favourable weather considered very good for agriculture in Nigeria, the country still ranks amongst the top three net importer of food items in the world, a situation some analyst have described as worrisome. According to the Minister of Agriculture, Dr. Akinwumi Adesina, the Federal Government spent over N99 […]

Foreigners Abuse Us In Our Homeland

Ikechukwu (lastname witheld) was working with a machine at one of the expatriate owned hair extentions and wigs factory when some hot liquid fell on his arm. He described the pain that ripped through him as immense. He was wounded for weeks and scarred for life. On December 9, 2011 “at about 3pm”, Bolaji Sekoni […]

6-3-3-4 And Investment In Electronic Testing

Over the past couple of years the 6-3-3-4 educational system has been under the radar. Several analysts have recommended that the primary and junior secondary phase of the system be merged; the ‘6’ and the ‘3’. Looking at the educational system especially in the rural areas, most parents (low income earners) end the education of […]

Editorial

Nigeria is both a promising and a challenging place to do business. This fact is amplified in the World Bank’s ease of doing business index where Nigeria is ranked 133 out of 183 countries as at June 2011. The World Bank derived its rankings from the average score of 10 topics which are; starting a […]

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