The world has been shocked by videos of Africans being traded and sold as openly as slaves in Libya. The Africans were trying to cross into Italy from Libya via the Mediterranean Sea. Libya is a lawless country, there are… Continue Reading
Wine is an alcoholic beverage made from fermented grapes. Different types of grapes and yeasts produce different types of wine. Sparkling wines have significant level of carbon dioxide in them, which causes the bubbles in the wine. There are many… Continue Reading
It will appear the Federal Government of Nigeria (FGN) is insolvent. Insolvency means “unable to pay obligations”. Let us review the six month report published by the FGN Budget Office. For the six months ended June 2017, the total retained… Continue Reading
The Nigerian Sovereign Wealth Fund (SWF) has $2billion in Assets Under Management. FGN share assets in the fund are $1.5b as at September 2017. However the Vice president says $2billion has been invested in the Second Niger Bridge (2NB). How… Continue Reading
What are Sukuks? A Sukuk is as Bond…but it has a key difference. With traditional bonds, a borrower receives funds from investors in exchange for a document called a bond. The issuer of the bond, (the borrower) has a contractual… Continue Reading
From January to June 2017, the Federal Government of Nigeria (FGN) earned and retained N1,004b but spent N927.74b alone on domestic and international debt service. In the same period, the FGN did not spend a kobo on Capital projects… Continue Reading
Nigeria has a new 2017 budget…. Before we look at the assumptions and broad goals of the 2017 budget, its important to look at the 2016 “budget of Change”, this will allow us score the Federal Government of Nigeria (FGN)… Continue Reading
In 2015, the US Government gave the Nigerian Government 24 Mine Resistant Armoured personal carriers MRAPCs…these assets were worth an estimated $18.5m MRAPS are basically specially hardened APC that are resistant to Mines….Boko Haram has placed mines in the North… Continue Reading
Buhari posses a propensity to take the wrong decisions. When Buhari became president, fuel was retailing at N86.50….Nigeria biggest cost, pre-subsidy removal was subsidy payments on imported petrol..Candidate Buhari said he did not “understand what fuel subsidy was”. What he… Continue Reading
I once had the pleasure of being in a room with Nigerian Multimillionaires, they were discussing investments, i listened. The Nigerian millionaires were having a business discussion with a Mexican from the SanCarlos Company, the discussion was actually the Mexican… Continue Reading
