AkinfeAyo's blog

Ayo Akinfe

(1) We have all gone over the realities of the current economic climate. In this post-coronavirus era, Nigeria and most other African countries are staring into the abyss. Our reality is that the prices and exports of our primary commodities have collapsed and as we manufacture very little, we are looking at huge debts and massive balance of trade deficits

Ayo Akinfe

[1] So the naira strengthens slightly against the dollar again, trading at around N450 as the Central Bank of Nigeria keeps releasing more foreign currency, ending the scarcity

[2] As more dollars are available, businesses can now import produce and multinational firms operating in Nigerian can change and repatriate their profits. This may be the beginning of some sort of confidence returning to the Nigerian economy

Ayo Akinfe

Improve your knowledge of Nigeria and her crude oil industry:

Nigeria's oil producing states

Ayo Akinfe

[1] Martin Luther King always spoke about a thing called the "Fierce Urgency of Now." Basically, he meant that we cannot procrastinate and the time to do things is now. Barrack Obama came up with his own version of this when he said: "We are the change we have been waiting for."

NIGERIA'S federal government has said it will review its air agreements with various countries as a result of the unacceptable treatment of Nigerian carriers during the coronavirus crisis that resulted in many of them being denied landing rights.

NIGERIA'S federal government and the China Railway Construction Corporation (CRCC) have entered into negotiations over the construction of an Ibadan inland dry port as part of an ongoing plan to ease the congestion at Apapa.

PLANS to evacuate hundreds of Nigerians stranded in the UK over the weekend have had to be cancelled and postponed until later on in the week after British aviation authorities denied Air Peace landing rights at Heathrow Airport.

TWO Madagascan lawmakers have died over the last week after becoming infected with coronavirus while a further 25 have tested positive for the virus casting doubts over the efficacy of the Covid Organics herbal remedy.

FORMER Super Eagles goalkeeper Ndubuisi Egbo is on course to become the first Nigerian ever to manage a European clubside to a national league title as his clubside KF Tirana is two wins away from winning the Albanian title.

LAGOS State government has taken ownership of Nigeria's most iconic building the National Arts Theatre in Iganmu after the federal government handed it over at a ceremony last weekend.