As World’s Hottest Economy Unravels, Nigerians Feel the Squeeze

March 6, 2015 By: Gavin Serkin and Chris Kay In a four-day sweep through Nigeria early last year, Aberdeen Asset Management’s Kevin Daly detected trouble. Yes, the country was a rising African power and yes, it had become the world’s fastest-growing major economy, but things weren’t quite right. An Islamic insurgency was heating up in the north and there were early signs that a nasty presidential campaign was brewing. Then financial disaster struck. Oil, the lifeblood of the country, collapsed in a breath-taking free fall. Daly had seen enough. By November, he had sold all of his Nigerian government bonds. Back in Lagos again last month for a fresh look, Daly found a country ravaged by crisis from all sides: the bloody clashes with Boko Haram insurgents had intensified; the violence had spurred authorities to postpone elections the president was in danger of losing; and the plunge in oil prices had depleted government coffers and triggered back-to-back currency devaluations. Nigeria’s benchmark equity gauge is the second-worst performer in the world this year — only war-torn Ukraine’s has fallen more — and the government’s local bonds have posted the biggest losses in emerging markets. “Nigeria is very high risk right now,” Daly said after returning to London, where he oversees $13 billion of emerging-market bonds at Aberdeen, Europe’s largest publicly traded fund manager. His only investments left in the country are bank bonds. Africa’s ‘Capital’ That Daly, 54, has soured to such an extent on the West African nation is telling in of itself. He considers himself a long-term Nigeria bull, attracted by the economic growth potential, booming population and natural resources. (In addition to...

"Igbo in Diaspora are keener on reviving their language than the ones at home."

February 9, 2015|BY CHIKA ABANOBI That was the keen observation of William Eleje-Abili, an authoritative researcher in Igbo language whose Mkpanaka Okowa-Okwu Igbo (A Handbook of Igbo Glossary): The English-Igbo Dictionary, published by University of Lagos Press and Bookshop Ltd, is making waves in many Igbo quarters. “You will be surprised that those that live outside the Igbo states treasure the Igbo language more than those that live inside,” Eleje-Abili said, in a chat with Education Review during the recent marking of UNESCO International Mother Tongue Day, on Saturday, February 21. “I have a friend in Canada. He said he is paying an Igbo teacher to teach his children because the farther away you move from your people, the more concerned you are in your ability to tell your children where you come from so that they don’t get lost. But you see people in Igbo villages speaking English as something trendy while they see Igbo-speaking as something primordial, something that doesn’t show you as somebody that is sophisticated. So these notions must be addressed. A lot of people don’t know that language and people are coterminous. Hausa is not just a people; it is a linguistic group. Even in the Bible, especially in the Book of Daniel, you will see the Bible saying, ‘every people, nations and tongues.’ So, language is an attribute of statehood or nationhood. If you remove language from peoplehood, there is nothing left.” Eleje-Abili, a graduate of Geography from University of Jos, a Master degree holder in International Law and Diplomacy, from University of Lagos, besides some courses he did in Warsaw, Poland, said that the idea to write...

Ndi Igbo Jikotanu Aka Volume IV

Multiple Award-winning, USA-based, Nigerian marketing strategist & consultant, Harrison “Harry Baba” Nwozo Jr., teams up again with legendary USA based Superstar Nigerian/Igbo DJ KC Soundclash, to produce their fourth compilation mixtape , “Ndi Igbo Jikotanu Aka Volume 4”. This mixtape features popular and well known Igbo artists such as; P Square, Phyno, Flavour , Slim Brown and it also features new and upcoming artists such as A.M., Jajoo, Splash, Pardon C and many others. Harrison “Harry Baba” Nwozo, in a recent interview said the following: “The immediate goal of Ndi Igbo Jikotanu Aka is to promote Igbo music, culture, traditions to all Igbo generations, young and old all over the world, while also placing the spotlight on up and coming Igbo artists. The long term goal is to promote Unity, Love and Peace in the Igbo community as well as the Nigerian community as and all over Africa for that matter through the music.” Harry continued, “…this  mixtape is for everyone, all peoples, regardless of race, culture, gender, age,  tribe, nationality or country. We want EVERYONE to have an opportunity to listen to beautiful music, download, share and enjoy.” Individuals from our recent private listening session held in New York,  rated the mix as “absolutely outstanding from beginning to end.” Others in the group said it was the good enough to be used for private gatherings in place of a DJ, on the speakers at home, and especially while jogging or working out in the gym. “We hope you enjoy this compilation and share the links, codes with friends, family and music groups, bloggers and every human being that...
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