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All posts by Ottoabasi Abasiekong

  • Q3 Growth Analysis reveals Nigeria’s Economy Expanding Fast

      The recent data analysis by the National Bureau of Statistics for the third quarter on the growth level of the second largest economy in Sub-Saharan Africa showed an amazing expansion compared to the second quarter analysis....

    • Posted November 20, 2012
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  • 2013 Budget: FG’s $7.9 billion Borrowing Plan comes under Fire

    With the Global trend of debt crisis from Greece, Spain, Italy, Japan and possible fears of a fiscal cliff in the United States of America over its high debt profile  the intention of the Federal Government  to make a...

    • Posted November 20, 2012
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  • China’s Sinopec Acquires 20% of Total Nigeria Oil

      After much rumours, feelers and speculations it has now   been confirmed that Chinese Oil firm Sinopec has acquired 20% share and stock of the French giant Oil firm Total Nigeria for $2.5 billion(2.0 billion euros). The deal...

    • Posted November 20, 2012
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  • BFIG on Course to Take Over ALSCON as RUSAL Edged Out

      Ever since the Inauguration of the Aluminium Smelter Company of Nigeria in Ikot Abasi, Akwa Ibom State Nigeria by the General Ibrahim Babangida Administration in 1991, to become another driver of the economy, the dream and...

    • Posted November 19, 2012
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  • Monetary Policy worries Industrialists

      Mr Goodie Ibru the President of the Lagos Chamber of Commerce and Industry on Sunday  has stated that despite the positive economic  outlook of Nigeria, the financial and monetary policy from the Central Bank of Nigeria(CBN) to ensure...

    • Posted November 19, 2012
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  • Cable fumes at Tax avoidance of Corporations

      The quest and conscious effort of Government in raising revenues to meet their budgetary goals and plans, cannot be over emphasized and an attempt to circumvent that can be viewed as diversionary. This seems to be...

    • Posted November 19, 2012
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  • Obama Optimistic on Resolution to Fiscal Cliff

    President Barack Obama of the United States has expressed confidence that no matter the differences he has with the congress , the Nation  will pull through the Setback of having fiscal issues . Speaking  in Bangkok, Thailand in his...

    • Posted November 19, 2012
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  • Credit Ratings Agencies Threaten to Downgrade America

      It has been a while Since the United States of America came under the fire of the three major credit rating agencies who have become renowned for rating Nations and their viability in becoming major economic...

    • Posted November 16, 2012
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  • Striking South African Miners Agree to End Strike

    After two months of letting down tools and massive protests  which culminated in the killing of over 20 miners, the Striking Miners with the Anglo American Platinum of South African have agreed to the new terms of the  Management...

    • Posted November 15, 2012
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  • Banks Advised to Develop Credit for Agricultural Sector

    Just a year ago after the renowned Bangladeshi Professor, Mohammed Yunus, told Nigerian Banks to step up their plans by encouraging the Agricultural and Rural sectors with more credit facilities that are viable, the Banks have once again been...

    • Posted November 15, 2012
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