Nigeria hiking of interest rate is like playing with Russian Roulette

By Emeka Chiakwelu “Ceaseless jacking up of interest rate will further soften naira, impeding industrial growth and accelerating inflationary trends.” – Emeka Chiakwelu Nigeria is in dire economic straits and the de-pegging of the naira is not making things better in foreseeable future. As unrestricted naira continues to float, its value nosedives, weakens and deteriorates. […]

Chief Willie Obiano, Anambra State Governor – AFRIPOL PERSON OF THE MONTH

By AFRIPOL Something great is happening in Anambra State of Nigeria. This is not short of intellectual, economy-metaphysical and human capital revolution. The salaries of Anambra State workers are paid on time, even with incremental benefits, the schools are excelling and are scoring the best results in the WASSCE, Nigeria. In addition, there are fly […]

UK Foreign Minister – Boris Johnson referred to Africans as “watermelon smiles”

  By Emeka Chiakwelu …Boris Johnson is an embodiment of a colonial nostalgia. The blond red-faced bombastic rabble rouser is back again on the international news-scene. I am talking about Boris Johnson, the former mayor of London, who aspired to become UK prime minister before he changed his mind. Boris was appointed the new British […]

Opinion: President Buhari or IMF – Who has better policy on Naira‘s elasticity

    By Emeka Chiakwelu The currency of a nation is a vanguard bulwark and safeguard to the wealth of a nation. Nigeria’s naira holds the intrinsic and inclusive value to country’s GDP and wellbeing. A deteriorated and weaken naira invites aggressive currency speculators to devour the wealth of a nation. Naira value must be […]

Samuel Jackson to pacify Tarzan Racism

  By Emeka Chiakwelu Hollywood movies depictions of Africans, Black faces and Black skins on the silver screen have been used by the whole wide world to justify racism toward Africans and Black people. Go to China, Japan, India and many foreign lands that have never interacted or ever meet Black people in their lives […]

What’s the fuss on Dangote gaining from Nigeria currency squeeze?

  By Emeka Chiakwelu An international currency trader asked my opinion on Dangote gaining from the “Nigerian currency squeeze”. My answer was short and direct: I’m cool with it. For those who are not aware, Reuters News agency wrote a piece titled, “African richest man got a fistful of dollars from Nigerian currency squeeze.” The […]

Floating Naira projected to lose up ‘70 percent’ of its value

By Emeka Chiakwelu The floated Nigeria’s naira that has been pegged at 197-199 to a dollar lost over 40 percent of its value on the first day of trading. Unofficial reordered statistics on first day of naira outing revealed that naira was traded as low as 265 to a dollar and at one point nosedived […]

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