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Against the backdrop of recent calls by some economic experts in Nigeria for the devaluation of the Naira, Dr Boniface Chizea, an Economist based in Lagos, thinks otherwise, arguing that should the monetary authorities liberalise Naira and relax controls to make foreign exchange market more liquid, the country...

By John Ogunlela The Osun salary arrears challenge is a symptom of a larger National problem, which affects governments at all level and was occasioned...

By Yusuph Olaniyonu   It is just three weeks since the Eight Senate was inaugurated on the proclamation prepared by President Muhammadu Buhari. Since then, a lot has happened within the institution which under normal circumstances should have attracted positive attention from members of the public, including the ardent critic of the nation’s legislature. However,...

By Magnus Onyibe Lagos  The title of this article is coined from a famous statement “Accord Co-cordial, Now Accord Discordant” credited to the very...

By ‘Deji Oyinloye   An English Scholar, Walter Rodney opined in his book titled “How Europe Under-developed Africa” that the third world continent of Africa is presently wallowing in the euphoria of poverty, hunger, starvation and under-development mainly because the European Nations that colonised them are presently neo-colonising them.  On political dimension,...

Address by his Fxcellency President Muhammadu Buhari, at the occasion of the inauguration of the National Economic Council (NEC), held at the Council Chamber...

French Prime Minister Manuel Valls promised Chinese investors “the best welcome in all of Europe” as his Beijing counterpart wrapped up a visit in which he signed billions of euros in accords with France. Chinese premier Li Keqiang inked more than 50 deals on his three-day visit to France which rolled out the red carpet in a bid to boost ties with the Asian giant and breathe life back into its own struggling economy. Paris used the opportunity to try to lure more Chinese investors and rebalance trade between the two countries. In 2013, Paris ran a 26 billion euro ($29 billion) deficit with China. “Today I want to send this message to Chinese business leaders: Come and set up in France,” Valls told a Franco-Chinese summit in the southern city of Toulouse, promising “the best welcome in all of Europe.” “Chinese investment in France represents four billion euros and no less than 13,000 jobs. It is a lot but we can do much better,” said Valls. Li wrapped up his visit in Toulouse with a visit to the headquarters of European aerospace giant Airbus, after a Chinese company placed an order for 45 A330s with an option for 30 more in a deal worth $18 billion. The massive sale is linked to a deal in which Airbus will set up a centre at its base in the northeastern Chinese city of Tianjin where the aircraft can be customised. The long-haul A330 will be fitted with more seats in China — where it will travel shorter distances — than in Europe as a solution to the country’s congested skies and airports. “This is a major new step in our cooperation,” said Valls. The two countries signed a further 3.5 billion euros in accords on Thursday in addition to billions of euros in credit and financing deals.

Koichi Hamada   This month, the Japanese yens exchange rate against the US dollar fell below ¥125, a 13-year low, before rebounding to nearly ¥122 following a statement by Bank of Japan Governor Haruhiko Kuroda that he did not expect further depreciation. But, as Kuroda later clarified, Japan’s monetary policymakers do not seek to predict, much less control, exchange-rate...

Ifeanyi Okowa, the Executive Governor of Delta State, in this concluding part of a three part maiden address, gives reasons why the State legislators must...

By Princewill Umoh   There is no gain saying the fact that Calabar Port is very strategic to the economic development of Nigeria particularly the North- Central, South-South and South- East regions of the country.   Besides, when functional, it will increase the volume of vessel traffic and cargo through the port, decongest Lagos ports and reduce cost of doing...

By Ejike Anyaduba   Few, if any, will contest the fact that information management took a tumble with the dawn of the Internet. Cyber-stalkers, among them youths, swarm the interconnected network like lemmings in periodic mass migrations to trade slurs. Because the medium exacts no responsibility on users nor prescribes punishment for offenders, its abuse becomes...