By Ayo Akinfe
On August 30 1894 British explorer Frederick Lugard began his expedition of the Niger which led to the eventual creation of the nation state called Nigeria. In just 20 years, Lugard captured nearly 1m square kilometres, subduing about 20m people from 250 different ethnic groups. He created the biggest and most lucrative...
Ayo Akinfe
Brazil produces about 770m tonnes of sugarcane annually that generates about $36bn in revenue for the country’s economy
As far back as 2011, 1.1m people were employed in the Brazilian sugarcane industry. Despite instances of poor conditions for workers, it is one of the highest paying agricultural sectors in Brazil,...
Ayo Akinfe
On May 14 1897, Great Britain signed a treaty with Emperor Menelik II of Abyssinia, creating bilateral relationships between Ethiopia and British Somaliland. It guaranteed the rights of the citizens of both territories and opened the door to trade between them
Although not exactly an agreement between equals like say...
ANNUAL remittances by the Nigerian diaspora worldwide fell by about 20% over the last year as a result of the economic crisis precipitated by the global coronavirus pandemic cutting into the expected figure of $25bn.
Historically, Nigeria has always been among the top five countries in the world when it comes to remittances...
Ayo Akinfe
(1) Our insecurity crisis has spiralled out of control. We need a whole mechanised division of the Nigerian Army trained into a commando unit of special forces up to the standards of say the US Navy Seals or British SAS. They must become the world’s leading force at hostage rescue
(2) We need at least $10bn invested in...
Ayo Akinfe
(1) Yesterday, the International Monetary Fund (IMF) offered debt forgiveness for 28 of the world’s poorest countries. To be honest, they had no choice as these countries will never be able to repay such debts. Most of them were African
(2) Of the 55 nations in Africa, probably about 20 are viable. Most of them are too...
NIGERIA'S Super Eagles have qualified for the 2021 African Cup of Nations in dramatic fashion today after scoring an injury time winning goal against Benin Republic at the Charles de Gaulle stadium in Porto Novo ending the host's eight-year unbeaten home record.
With the game certain to end in a 0-0 draw that would have...
NIGERIA'S ongoing vaccination plan is facing derailment after India suspended the exports of the AstraZeneca-Oxford vaccine from the Serum Institute in what is believed to be a response to growing domestic shortages.
Early this month, Nigeria received its first batch of 4m doses of the Oxford/AstraZeneca coronavirus...
NIGERIAN diaspora remittances fell by 27% year-on-year in 2020 to $17.2bn from $23.55bn in 2019 as the economic impact of the coronavirus pandemic hurt Nigerians living abroad hard forcing them to reduce the amount they remit back home.
Although Nigeria itself has been spared the worst excesses of the global pandemic,...
CENTRAL Bank of Nigeria (CBN) officials have revealed that diaspora remittances during the third quarter of 2020 fell by 61% to $1.09 from $2.8bn during the corresponding period of 2019 as the effects of the coronavirus pandemic but hard.
Nigeria's diaspora is the world sixth largest sender of remittances behind India,...
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