How to get started with forex trading
The forex market offers many opportunities for investment and potential profit that can suit a wide variety of trading styles and money-management strategies. There are, however, certain factors and guidelines that every new trader needs to consider in advance, so as to begin trading on a strong foundation. In this article, I will discuss these…
Ports: Stakeholders Count Gains Of Commercial Regulation
ONE year and six months into its commercial regulation of Nigerian ports, the Nigerian Shippers’ Council (NSC) has demonstrated that the Federal Government displayed great wisdom when it appointed it into the role, as it has recorded some gains to the delight of industry stakeholders.
The unsavoury side of BVN policy implementation
THE on-going exercise that requires Deposit Money Banks (DMB)- that is, banks that accepts deposit from the public- to compulsorily enrol the biometrics of their customers to create a unique Bank Verification Number (BVN) for each customer is one of the best things that has happened in the Nigerian financial system today. Apart from the…
Forex regimes and Nigeria’s bond index at JPMorgan
NIGERIA, in January this year, was greeted with a negative investment rating on its bonds listed on JPMorgan’s Government Bond Index – Emerging Markets (GBI-EM). This index includes selected bonds issued by eligible countries. The situation got worse, when after several months of being on the watch list without improvement, according to the measurement of…
Uneasy Calm In Obajana Over Operations Of Africa’s Largest Cement Plant
ON April 1, 2012, indigenes of Obajana community, Kogi State, resident in Abuja held a meeting at the end of which they issues a communiqué urging the government and the management of Obajana Cement Plant to provide basic amenities for inhabitants of the host community. The convener of the meeting, Alhaji Tajudeen Bisimilahi, had explained…
Accounting body reiterates support for development
The Association of Chartered Certified Accountants (ACCA), said it is committed to the economic development of nations, given its history of working with the United Nations. The Executive Director, Markets, of the global accounting body, Stephen Heathcote, gave the assurance in Abuja, while presenting the Gold Approved Employer Certificate to the United Nations Development Programme…
Managing monetary downturn one year after
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on assumption of office, one year ago, inadvertently missed the banking crisis, but not fortunate enough with the nation’s economic crisis, still ravaging the system till now. Of course, there was visible pressure on the Naira, as well as decline in the country’s foreign…
Vibrant Microfinance Bank to begin operations July 1
AHEAD of the operational take off on July 1, 2015, of Vibrant Microfinance Bank Limited, in Issele-Azagba, Aniocha North Local Government Area of Delta State, indigenes and residents have been called upon to avail themselves of the unique opportunity provided by the bank for their socio-economic wellbeing. Making the call recently at a sensitization forum…
Lafarge Africa, PINE partner to rebuild North East
Lafarge Africa Plc has expressed willingness to partner with the Federal Government, through the Presidential Initiative for the North East, (PINE), in rebuilding the ravaged region, by contributing to drive the economic turnaround and pave the way for long term economic prosperity of the area.
Shale boom drives price of Nigeria’s flagship crude to decade low
The shale boom, which has reduced U.S. dependence on imports, has sustained its pangs on Nigeria’s crude oil trade, as Africa’s biggest oil producer slashed the pricing for its flagship grade to the lowest in a decade.
Fed expected to signal rate hike later this year
A year after the Federal Reserve pointed to mid-2015 -- now -- for its first rate hike in nine years, the US central bank is expected Wednesday to keep monetary policy on ice.
Banks and evolving roles in infrastructure financing
In the quest to attain social and economic stability, Nigeria and indeed, the global economies, have placed greater importance to infrastructure development. Of course, government at all levels are even using infrastructure as the focal point of their administrations, policy enactments and political strategy.