Analysis by Afripol Organization www.afripol.org The independent nation of Angola, a former Portuguese colony received a good credit rating from Standard & Poor’s, Fitch Ratings and Moody’s Investors Service that commensurate with Nigeria, Lebanon and Belarus. “The southern African nation’s creditworthiness was rated at B+ by S&P and Fitch, four levels below investment grade, according to […]
Nigeria: Inflation as tool to erode the foreign debt
http://afripol.org/afripol/item/40-nigeria-inflation-as-tool-to-erode-the-foreign-debt.html The greatest threat and the major contributory factor in the undermining of a given economy and its currency is inflation. The monetary well being of a nation can go under and deteriorated drastically when inflation rears its ugly head and a once buoyant economy can become sicken with depressing currency, GDP and lower […]
Economist Explains The Housing Boom and Bust
The Housing Boom and Bust by Thomas Sowell ISBN 978-0-465-01880-2 Economist and columnist Thomas Sowell contends that the housing boom and bust were the result of government intervention in the economy. He examines both the politics and economics of the housing bust. "When it comes to the home mortgage boom and bust, who was […]
IMF: INCREASING SDR CAN BENEFIT AFRICA
Economic perspective and analysis by Emeka Chiakwelu International Monetary Fund (IMF) will substantially increase its Special Drawing Rights (SDRs) from its lower original reserve to 204 billion which is proportionate to $324 billion. In the last G-20 summit held in America, the members of this important group of the largest economies gave the IMF the […]
Rebuilding and Protecting the falling Naira
By Emeka Chiakwelu strategist@afripol.org It is arduous, if not a herculean task to safeguard and revamp a currency in the era of globalism and international currency trading. The recent and precipitous declining value of Nigeria‘s naira to major currencies including dollar, euro, yen and others is something of great concern. The slumping naira can […]
Central Bank of Nigeria needs to reform the banking system
www.afripol.org strategist@afripol.org Things have fallen apart in Nigerian banking system and it is beginning to look like the center cannot hold anymore. Nigerian banking is in deep crisis and pragmatic steps must be taken to arrest the ugly situation. Central Bank of Nigeria (CBN) has just announced the dismissal of managing directors of five banks […]
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