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Sat, Mar 25, 2023 05:31 PM All times are UTC

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Stephen Onyeiwu

Professor and Chair of the Economics Department, Allegheny College
Born and raised in southwestern Nigeria, I was educated at the University of Connecticut, USA; University of Sussex, UK; Obafemi Awolowo University, Nigeria; and University of Port Harcourt, Nigeria. I have taught at Wesleyan University, Trinity College, and Rensselaer Polytechnic Institute, all of which are in the United States.

Courses I teach include Introduction to Managerial Economics, Advanced Managerial Economics, Management of Innovation and Technological Change, Introduction to Microeconomics, and African Economic Development. My research interests are: the Technological Strategies of Firms, Small Business Development, Industrial Organization, and Global Economic Issues.

Central Banking Series

Nigeria's central bank made critical mistakes that doomed the country's currency redesign

Mar 15, 2023 15:52 pm UTC| Economy Central Banks

Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why has the latest attempt been so controversial and traumatic? And what measures need to be taken to avoid a future...

Nigeria’s 2023 budget is a plan of despair and won't change the tempo of the economy

Oct 24, 2022 17:27 pm UTC| Economy

Nigerias 2023 budget, recently presented by President Muhammadu Buhari to the National Assembly, has generated a furore. There are concerns about the impact on the countrys rising deficits and debt, as well as its...

Fuel subsidies in Nigeria: they're bad for the economy, but the lifeblood of politicians

Nov 06, 2021 08:10 am UTC| Economy

Nigeria, Africas biggest oil producer, has come under fire from the International Monetary Fund as well as World Bank for the heavy financial burden it carries in providing subsidies for fuel and kerosene. The criticism is...

Why a new national carrier for Nigeria is never likely to get off the ground

Oct 17, 2018 22:01 pm UTC| Insights & Views Business

One of the most vexatious ironies about Nigeria perhaps even an embarrassment is the lack of a national airline. Nigerians are often very piqued to be travelling on airlines owned by smaller less resource-endowed African...

Economy

Porsche to build 4th gen Cayenne in Bratislava

Porsche AG has decided to manufacture the future all-electric Cayenne at Volkswagen Slovakias multi-brand location in Bratislava. After the Taycan, the Macan, and the 718, the Cayenne will become the sports car...

Monster Energy releases Kiwi Strawberry flavor

Monster Energy has launched a Kiwi Strawberry flavor energy drink to its Reserve line, which offers premium flavor at a regular price point, and 160mg of caffeine. Dan McHugh, chief marketing officer at Monster Energy...

EU antitrust regulators raid Red Bull premises for suspected rule violations

EU antitrust regulators have raided the premises of Red Bull for suspected violating EU rules prohibiting cartels and restrictive business practices and suspicion of abusing its dominant position. Red Bull, which...

Scientists, environmentalists oppose plan to build octopus farm

Scientists and environmentalists have expressed deep concern over a plan to build the worlds first octopus farm in the Canary Islands, as it is detrimental to the welfare of the creatures renowned for their intelligence...

GM to stop making Chevrolet Camaro due to EV push

General Motors, will stop making the current sixth generation of the brawny muscle car, Chevrolet Camaro, early next year as another generation may be in the works. The future of the car, which is raced on NASCAR and...

Politics

UK Northern Ireland minister says new post-Brexit trade deal cannot be renegotiated

The British minister for Northern Ireland ruled out renegotiations over the new post-Brexit trade deal between the United Kingdom and the European Union over Northern Ireland. The comments follow calls from the regions...

Turkey parliament foreign affairs panel approves ratification of Finland's NATO membership

A commission in the Turkish parliament has reportedly voted to approve the legislation that would ratify Finlands membership in the NATO alliance. This follows the announcement made by Turkish President Tayyip Erdogan that...

US: Biden expresses solidarity with Muslims on Ramadan

United States President Joe Biden expressed solidarity with Muslims around the world in his message for the community in celebration of Ramadan. Biden mentioned the Uyghur Muslim minorities in China and the Rohingya...

Russia-Ukraine war: ICC concerned over Russian threats following Putin arrest warrant

The International Criminal Court has expressed concerns over threats coming from Russia following the issuing of an arrest warrant for Russian leader Vladimir Putin. The threats included getting hit by hypersonic missiles...

Taiwan says China involved in Honduras' diplomatic crisis

Taiwan has accused China of getting involved in the current diplomatic crisis surrounding Honduras and its plans to establish formal ties with Beijing. Taipei has also suggested that Honduras demanded a high price to...

Science

Hellmann’s testing temperature-detecting smart jars to reduce food waste

Unilevers Hellmanns is testing a smart jar with a label using temperature-sensitive ink that changes to reveal a hidden layer when in an environment below 5C. The innovative smart jar is part of Hellmanns efforts to...

S. Korea’s sleep-inducing lettuce to be grown in Australia

A South Korean lettuce variety called heukharang or black harang, which serves as a natural treatment for insomnia is set for cultivation in Australia. Jeollanamdo Agricultural Research Extension Services (JARES)...

How amateur scientists are still helping make important discoveries

What images does science conjure up in your mind? You may well be visualising a laboratory, equations scrawled on a blackboard. Figures are surrounded by glassware filled with coloured liquids. Maybe someone, with...

Drinking Coke, Pepsi could increase testicle size, testosterone level: study

A study by the Northwest Minzu University in China has revealed that drinking Coca-Cola and Pepsi can lead to larger testicles and higher testosterone levels. The university was determining the impact of carbonated...

Japanese tourism startup Iwaya Gikento offer balloon rides into ‘space’

Japanese startup Iwaya Giken is launching a space tourism business to take sightseers on balloon rides 25 kilometers into the stratosphere Iwaya Giken noted that while passengers need not undergo special training to...

Technology

Kraft Heinz to tap AB InBev's BEES e-commerce platform to boost biz in Mexico, Colombia, Peru

Kraft Heinz will use AB InBevs BEES e-commerce platform to increase distribution points and expand the number of items available to retailers in Mexico, Colombia, and Peru. The deal, according to the Heinz Baked Beans...

Panera Bread adds Amazon palm recognition scanner to its stores

Panera Bread, an American chain store of bakery-café fast-casual restaurants, announced it would be adding Amazon Ones contactless technology to its 200 stores across the country. Amazon also said that the bakery is...

Logitech expands retail reach in Singapore with Watsons rollout

Logitech and Watsons are collaborating to sell lifestyle and technology items in-store throughout Singapore. Watsons will sell Logitechs K380 Multi-Device Bluetooth Keyboard, Pebble Wireless Mouse M350, Lift Vertical...

Samsung to invest $230 billion in building mega chip cluster

Samsung Electronics will invest $230 billion over the next 20 years chip-making mega cluster, which will be established in Gyeonggi Province by 2042. Samsungs five new semiconductor plants would anchor South Koreas...

Samsung steals Xiaomi’s crown in India’s smartphone market

Samsung Electronics took a 20 percent market share in India in the last quarter of 2022 to take the top spot in the worlds second-biggest market for devices over erstwhile leader Xiaomi Corp., who had an 18 percent market...