by admin | May 9, 2020 | FG of Nigeria, FG of Nigeria, IMF, IMF
The Nigerian economy adopted the liberalised currency using the Wholesale Dutch Auction System, W.D.A.S., on 29 September 1986. The first currency auction of successful bidders on that day was $1 to N3.00 from $0.68 to N1.00. Nigeria came about this after a national...
by admin | Mar 6, 2020 | DisCos, EKEDC, FG of Nigeria, FG of Nigeria, GenCo, GenCos, IMF, IMF
If appropriate actions are not taken now, the intractable logjam in the Nigerian power sector may sink Nigeria. Despite the great efforts of experts in the field, growth in the power industry in Nigeria remains stunted. The ominous sign is the shying away of further...
by admin | Oct 17, 2019 | FG of Nigeria, IMF, World Bank
The prolonged global recession of the mid-1980s to early-1990s was a watershed in the lives of most Africans. Most people in Africa watched helplessly, unable to react with decency, as their fortunes took a wrong turn. Sometimes many Africans’ reactions to the...
