Activities, sights and sounds of Nigerian economy last week ending June 2, 2018
Starting on a good note, business conditions remained healthy, with manufacturers and service providers reporting continued improvement in their overall operations according to the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index (PMI) report for the month of May. Otherwise,…
Sight and sound of Nigerian economy last week ending May 26, 2018, by BHIU
The week in review kicked off with the release of data from the National Bureau of Statistics (NBS), which shows that the domestic economy expanded in the three months to March 2018, with real GDP growing by 1.95% y/y (vs….
CBN mute as some banks’ reduce ATMs’ dispensable highest cash to N10,000
…Complains of some banks deducting N65 from first withdrawal in a month rise Since the first quarter of this year, there are strong indications to establish that several commercial banks in Nigeria have recalibrated their Automated Teller Machines (ATMs) to…
‘IFRS 9: New CBN disclosure rule returning sanity to banks’ financial results’
Emerging revelations from released Q1 results of commercial banks in Nigeria have shown that the new regime of financial reporting is not really suggesting serious drop in banks profits as reported in some quarters of the media in Nigeria. Checks…
Forex risk, key teething challenge for majority of Nigerian businesses—KPMG
Leading industry and business concerns in Nigeria will continue to be under the influence of foreign exchange (forex) risk between this year and next. The revelation stemmed from the release of a survey of 94 executives of multinationals, large sized…
Success stories of ABP spur CBN to inject additional N45bn
The observed success story coming from the performance of the Central Bank of Nigeria’s (CBN) Anchor Borrowers’ Programme (ABP), have encouraged the bank to continue to inject additional fund for more farmers. The CBN had through select banks, formed strategic…
Experts query CBN on how it can achieve single digit inflation in 2018
Last week’s speculative position of the Central Bank of Nigeria’s (CBN) Governor, Godwin Emefiele, that he expected the inflation rate to fall at a faster pace and hit high single-digit rates mid-next year has attracted divided attention from financial experts….
What if Globacom or Dangote buys Etisalat to rest loan default crisis, grow sector?
Crack analysts and deep pocket pundits in the nation’s telecoms sector have started putting figures, trends and happenstances together on a tactical way forward that can better the lot of the industry in Nigeria. One of their proposals is tilting…
