Economy



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    What to Expect from Central Bank's Currency Restructuring

    Money is a subject in which every body is interested and nobody has all the answers. The wide interest in money is a reflection of the many aspects of people's social and economic lives which it affects. Whether money functions orderly or disorderly, it produces significant effects upon economic aggregates  consumption, employment, production and distribution of wealth in the economic society.

    2010: Gloomy Year for Manufacturing Sector?

    THE year 2010 may not be a better time for the nation’s manufacturing sector currently smarting from the effects of the inclement business environment that has prevailed in the country since the last two decades. Why? Because nothing has changed. Instead of getting better, things will get even worse for the sector as critical indicators have revealed.

    UN to Review Progress on the MDGs

    WITH only six years until the 2015 deadline to achieve the Millennium Development Goals, UN Secretary-General Ban Ki-moon chose these words to strongly urge governments to engage constructively in the preparations for a high-level meeting in September 2010 to review progress towards the MDGs and other international development goals.

    Unilever Workers Threaten Court Action

    AGGRIEVED workers of Unilever Nigeria Plc may drag the company to court early next year if the federal government fails to compel the management of the company to reverse their dismal according to BusinessWorld Intelligence.

    Capital Flight: China to Invest in IPP

    CHIEF Matthew Uwakwe, chief executive officer of Nigeria-China Business Council, has disclosed the intention of the council to boost the Nigerian economy by bringing in the Chinese to invest in Independent Power Project (IPP).

    Cocoa Consumption in 2010

    IN 2010 world grindings of cocoa beans, a proxy for world cocoa consumption, would amount to 3.6 million tonnes, reflecting an average annual increase of 2.1 percent from 2.8 million tonnes during the base period.

    Kenya Bans Cashew Nuts Exports

    CASHEW nuts processors currently buying nuts in Coast province expect business to boom this season following a government ban on the export of raw cashew nuts.

    6,000mw Target: Manufacturers Doubt Dec Deadline

    THE December deadline promised by the federal government to generate 6,000 megawatts of electricity supply may have eventually been a mirage as only 3,500 megawatts have so far been generated.
    The indication to this was disclosed by Dr Olanrewaju Babalola , minister of power, in an interactive session with journalist during his official visit to Gereku power station located at Ajaokuta, Kogi State, recently.

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