COVID-19 Business Opportunities: Field To Plate

By Esosa Aihie Farms, food producers and suppliers across the globe are adapting quickly and innovating to keep coronavirus stay at home whilst street markets are closed and labourers restricted from travelling to work in the fields. The crisis has exposed the world’s reliance on international trade and on the huge number of seasonal workers who travel across borders to farms to help harvest ripened produce. It has also had a massive...

Read More

Bleak Economic Outlook Amid COVID-19 Lockdown

By Esosa Aihie “World GDP is now expected to fall by 3.9% in 2020, a recession of unprecedented depth in the post-war period, twice as severe as the 2009 recession”.  Decline in GDP equates to a USD2.8 trillion fall in global income levels & a loss of USD4.5 trillion relative to pre-virus expectations of 2020.  No country or region has been spared from the devastating economic impact of the global pandemic. The...

Read More
Historic Oil Price Crash Amid COVID-19 Pandemic
Apr22

Historic Oil Price Crash Amid COVID-19 Pandemic

By Esosa Aihie U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil. Brent crude, the international benchmark, also slumped, but that contract was nowhere near as weak because more storage is available worldwide. As billions of people around the globe stay home to slow the...

Read More

COVID-19 NEWS: BONNY LIGHT TSUNAMI LOADING

By Patrick O. Okigbo III If you are a state governor in Nigeria and you are not already working round the clock, night and day, you are playing with fire.  Red-hot, napalm FIRE! Here is your reality.  Bonny Light (Nigeria’s crude oil) is trading at about $11. This is half the cost of producing the barrel. Even at that price, Nigeria is not able to sell her crude oil.  She has tens of millions of barrels...

Read More
Nigeria:2015 in Review
Dec21

Nigeria:2015 in Review

By Kede Aihie, Editor in Chief, Nigeria Magazine January 2,000 feared killed in Boko Haram’s ‘deadliest massacre in Baga, Borno State, North East Nigeria Run up to the elections, Buhari certificate saga, (Form 1998), Nigeria Army denies being in possession of Buhari’s cert, credentials. Nasty adverts Calls by NSA for shift of election date causes stir and resisted by opposition, Kerry visits Nigeria holds talks with GEJ...

Read More
Making Nigeria your Goal
Dec06

Making Nigeria your Goal

UK Trade & Investment (UKTI) with the support of the Foreign and Commonwealth Office (FCO) at Emirate Stadium Making Nigeria Your Goal’ event brought together key speakers from Nigeria and the UK. Those who attended include FCO Minister for Africa, Henry Bellingham, Director of UKTI Nigeria, Mr. Peter Stephenson and Mr Ben Akabueze, Commissioner for Economic Planning & Budget, Lagos State, Nigeria. British firms keen to score...

Read More