Border Closure: Amiwero writes Buhari, seeks solution on genuine stranded goods
Whereas the Federal Government continues to insist that the nearly three months land border closure is gainful to the economy, indications have emerged that legitimate goods currently stranded at the borders have built unprecedented losses on owners. More insights on…
Fidelity Bank beats UBA at 2019 NBG football competition, wins trophy
All Hail the new Nigerian bankers’ football Champions! Leading retail banking giant, Fidelity Bank Plc Football Team, Sunday trashed UBA Team in the 2019 Nigeria Bankers Game (NBG) football competition in Lagos. From the blast of the kickoff whistle to…
If 9th Senate agrees $30bn loan, Buhari’ll set record of $55.7bn external borrowing
Details recently released on Nigeria’s debt profile showed that the external debt that stood at $10.32 billion in June 2015, rose to $25 billion by March this year, showing an increase of $15.3 billion. Now, should in case the current…
Ecobank, StandChart drive Capital Importation to Nigeria in Q3 2019—NBS
Latest release from the National Bureau of Statistics (NBS) has shown that Ecobank Nigeria and the local unit of Standard Chartered Bank have joined Stanbic IBTC Bank to become foreign investors’ favourites for investment deals. Details of the Bureau report…
Like CBN, BoG ends MPC meeting retaining all rates over inflationary fears
The impacts of negative inflationary trends bugging key economies in West Africa due to certain policy decisions so far taken have forced Nigeria and Ghana monetary policy makers to maintained rates status-quo in their meetings this week. Otherwise, for fear…
Inflationary trend may force FG to open borders sooner than planned
Following its admittance that the border closure regime is responsible for the observed hyper inflationary trend currently rocking the fragile economy, indications are rife that the Federal Government may be left with no other option than to fast track diplomatic…
Why CBN kept rates unchanged at November MPC meeting—Rewane, Cordros
Leading economic analysts and development pundits have given insights on why the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), rose from its November meeting Tuesday to retain the previous standing of all rates. In his assessment, Chief executive…
Heritage Bank lifts 2,000 female entrepreneurs via financial inclusivity scheme
Heritage Bank Plc has stepped up financial inclusivity initiatives that recently empowered over 2000 female entrepreneurs to the level of economic enablement and self-realization. In achieving the feat, the bank is partnering with a Non-Governmental Organization, Prime Women Builders Foundation…
FG’s debt financing vote choking infrastructure funding— WAIFEM Chief
The Director-General of West African Institute for Financial and Economic Management (WAIFEM), Dr. Baba Yusuf Musa, has raised serious concerns at the level of Nigeria’s debt and argued that government’s increasing focus on debt servicing obligation is currently frustrating funding…
Aside VAT, passed Finance Bill resolved major tax issues in Nigeria—Andersen Tax
Principal partner at Andersen Tax Consulting Group, Mr. Chinedu Ezomike, has given convincing insights on the imports of the Finance Bill passed into law by the Senate last week. Recall that last week, the Senate, in a historic move, approved…
