Business Eye

Food insecurity still a worry

Africa's Pulse reports that the Sahel region of West Africa is facing a severe food security situation. Less-than-average rainfall, poor distribution, and displaced families due to conflict have left more than 13-15 million people across Niger, Mali, Burkina Faso, Chad and Mauritania vulnerable.

                Below average and patchy rainfall in 2011 led to a smaller grain harvest for the 2011/2012 season and less grain production across the Sah...

NERC commence public hearing on electricity metering and other relative issues

The Metering inquiry committee on Tuesday commenced public hearing on electricity metering and others relative issues in Nigeria.

The News Agency of Nigeria (NAN) reports that the 13-man committee was inaugurated by the  Nigerian Electricity Regulatory Commission (NERC) to find lasting solution to  matters affecting metering and other issues across the country.

Mr Sam Amadi, Chairman NERC said in Lagos that the committee is saddled with the respons...

Weathering the storm of Election year

Resilience because at a time all expectations are 'worst case' it somehow manages to survive and rebound. He argued the thinking all over the place was that global financial crisis would likely rip the economy apart and become an intractable shock but somehow, the initiative of 'excess crude account' came in handy to stabilize it and kept macroeconomic variables in safe ranges.

The historical pattern of engaging in spending spree at any time of oil re...

Fuel subsidies benefit the rich more than the poor

The new Africa's Pulse devotes a special section to fuel price subsidies in Africa, reporting that in 2010-11 over half of all African countries had some subsidy in place for fuel products, and these in turn cost on average, 1.4 percent of GDP in public revenues. Of the 25 countries with fuel subsidies, the fiscal cost of subsidies in six countriesprimarily oil exporterswas at or above 2 percent of GDP in 2011. The fiscal cost in oil exporters wa...

Anniversary of Darkness, Insecurity & Hope

Despite the gains reeled out by Dr Goodluck Jonathan during his national broadcast to mark Democracy Day, CHRIS EZE TAKES a hard look at developments in the country and the speech and concludes that it is a mixed bag of darkness, insecurity and glimpse of hope for the future of Nigeria.

Since the country returned to democratic rule 13 years ago, the civilian administrations have  been counting peace and security of lives and properties as some of ...

Investing In Dubai Properties

Dubai, the capital of the United Arab Emirate holds a fascinating attraction for Nigerian tourists as both the old and the young who have visited the trail setting city have magical news to tell of its indescribable architectural edifices scattered within the breathe of the city.

With an earned status of a global business and re-export centre, Dubai, one of the seven emirates in the United Arab Emirates, is a sophisticated and multi-ethnic city an...

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