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.
Power Sector Woes: Nuclear Power Generation Not The Solution
ACCORDING to Franklin Erepamo Osaisai, the Chairman and Chief Executive of the Nigeria Atomic Energy Commission, the Nigerian government has set up a Joint Coordination Committee for negotiations with Rosatom, a Russian company, on the financing and contracting for nuclear power generation plants.
Why Nigeria Needs To Establish A Mega Shipyard, By Industry Stakeholders
WITH increasing ship and cargo traffic in the country, Nigerian shipping industry stakeholders have called for the establishment of a mega dockyard that will cater for the country and other West African sub-region.
‘Blocking Leakages Alone Would Help Buhari Give Immense Impetus To Our Economy’
Tony Dania is a foremost legal practitioner and the Principal Partner, Dania and Associate. Recently sworn-in as a Notary public in Lagos, he speaks on the onerous task before President Muhammadu Buhari – that of fixing Nigeria. THE concern of most Nigerians as President Muhammadu Buhari took the reins yesterday is how he would fix…
Strategic Visioning Key To Rebuilding Nigeria’s Economy, Says Onuekwusi
Despite the current gloomy state of Nigeria’s economy, the Chief Executive Officer (CEO) of Bifex Consultants Limited, a management consultancy firm, Dr. Ndi Onuekwusi, believes that if the Federal Government under the new administration of President Muhammadu Buhari takes certain strategic steps and institutes them, there can be a turnaround, which would take the country…
Stakeholders hope for a more vibrant market
As the new government emerged on May 29, the National Association of Securities Dealers [NASD] has said that it is looking forward to some changes in areas that will create new vibrancy in the economy. According to the weekly newsletter of the association, it expects a change in the perception of Nigeria as a difficult…