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Will Nigeria's New Finance Minister Manage It's Huge Domestic Debt?

There was a lot of hype and expectations when the former Managing Director of the World Bank was included in the President's cabinet with the hope that she would bring in the magic wand she used in negotiating Nigeria out of the debt trap in 2006 to help grow the economy.

South Sudan Pushing for $0.41 Per Barrel in Oil Transit Fees

With the independence of South Sudan last month as part of the 2005 peace deal that ended more than two decades of civil war, the North has lost 75 percent of the country's oil production of 500,000 barrels a day.

Detroit Public Schools Announces 10 Percent Pay Cuts, Massive Layoffs

Detroit Public Schools (DPS) Emergency Financial Manager Roy Roberts announced on Thursday that the district would demand 10 percent wage cuts from all employees in 2012, while axing 853 more jobs. The cuts are part of a broader dismantling of the public education system in Detroit, and will come on top of previous concessions and mass layoffs of public school workers.

What Has Obama Done for African Americans?

The administration just ignores Black people and the devastating impact of the recession on African American communities during the two-and-a-half years since Obama became president.

Nigeria Budgets 6.4 Billion For E-Learning Project

The Federal Ministry of Education's plan to introduce e-learning in schools in Nigeria would cost N5.4billion as was disclosed on Monday by Chairman of the implementation committee Professor Godswill Obioma.

Zimbabwe Reconsidering a Gold-Backed Local Currency

  WHEN Reserve Bank chief Gideon Gono announced plans to introduce a new gold-backed local currency two years ago, the move caused a furore of...

House Passes $6T Budget Cut Plan

The House has passed along party lines a GOP plan to cut $6 trillion from the federal budget.  The GOP proposal passed 235-193, with every Democrat voting...