Nigerian Times

The World Bank has noted that Nigeria is at a crossroads in a special Growth Employment and Markets in States (GEMS) Project report. The country can choose to tackle the distortions that have reduced incentives for investment and productive activity and move towards sustainable and diversified growth. It can also build on islands of success and promising cluster initiatives and enclaves that can then pull along the rest of the economy (successfully achieved in China and India) or it can ignore the reform imperatives and pay the price of having a highly distorted, rentier economy, once oil prices fall. Click here for the full report Tweet

27 May 2011 17:10 Africa/Lagos Experts Help Boost Mobile Banking in Emerging Markets PR Newswire CHARLOTTESVILLE, Va., May 27, 2011 CHARLOTTESVILLE, Va., May 27, 2011 /PRNewswire-USNewswire/ -- Mobile phone ownership is commonplace all over the world. A ubiquitous symbol of modernity, these communication devices are now a platform for providing financial services to underserved populations. (Logo: http://photos.prnewswire.com/prnh/20100916/DC66431LOGO) Darden School of Business Professor Frank Warnock and Batten Institute Fellow Veronica Cacdac Warnock have joined ShoreBank International (SBI) in their efforts to assist two new mobile banking companies achieve the goal of increased access to financial services for those outside the banking mainstream in Bangladesh and Pakistan. The team, whose participation is funded through SBI's $16.9 million grant from the Bill and Melinda Gates Foundation, will design a structure for evaluating the businesses and their progress toward the g...

I have decided to remind the stakeholders in all the oil producing countries and consumers of the following important report, because most of them missed it. 10 Jan 2008 15:26 Africa/Lagos Global Oil Supply Challenges Will Drive Crude Prices to US$150: CIBC World Markets LONDON, January 10/PRNewswire/ -- - Modest Russian Production Growth to be Gobbled up by Domestic Demand CIBC (CM: TSX; NYSE) - Consumers should brace for a 50 per cent jump in oil prices in the near future as global oil supply will increasingly have trouble keeping pace with demand, forecasts a new energy report from CIBC World Markets. The report predicts that surging demand in developing economies combined with accelerated depletion of existing supply and widespread delays in getting new oil fields up and running will see the global supply of oil fall as much as eight million barrels a day below International Energy Agency estimates by 2012. "Those projections ignore two fundamental forces that have, in recent ...