Why piles of cash keep turning up in Nigeria Banks in Nigeria are definitely no longer the best hiding place for unexplained funds. Nigerians have been shocked and bemused after huge piles of cash have been unearthed in various parts of the country in recent months. Journalist and writer Adaobi Tricia Nwaubani looks at what … Read more
Federal Reserve Vice President Stanley Fischer said Tuesday he would be worried by any return to protectionism in the global economy. In an interview on CNBC, Fischer said the economic policies following World War II were beneficial to the global economy, notably for China’s development, but also for the United States, which was able to … Read more
Former governor of Central Bank of Nigeria (CBN), Prof. Charles Chukwumah Soludo yesterday said the economy is in deep trouble considering the reduction in per capita income and dwindling Gross Domestic Product (GDP). He said the economy had compressed by 50% in the past year. With inflation already at 16.48 per cent and still rising, … Read more