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.
Many troubles of 2015 fiscal plan for new govt
The 2015 budget as passed by the National Assembly has received serial knocks and at best been described as “old wine in new bottle.” CHIJIOKE NELSON analyses the figures and the viability of the document for the new government.
‘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…
FirstBank under Onasanya’s leadership: An overview
THE sudden, non-speculative and voluntary retirement of the Group Managing Director/Chief Executive Officer of First Bank of Nigeria Limited, Bisi Onasanya, may 00have become an opportunity for stakeholders to assess the bank’s contributions to the development of the economy at large, particularly the years under his watch. The planned exit of Onasanya from the financial…
Exploring growth opportunities in bilateral relations, by Koozechi
Mr. Saheed Koozechi, the Ambassador of Islamic Republic of Iran, is working hard to raise the profile of his country’s economic relations with Nigeria. In an interview with the envoy, he said the planned solo Iran Exhibition in Nigeria, would assemble 40 Iranian companies, in an attempt to boost trade and diplomatic relations with Nigeria.…
Spring, United Mortgage banks near merger deal
Spring Mortgage Bank Plc (SMB) and United Mortgage Bank (UML) have concluded a merger agreement, in a move to scale through the hurdles of the ongoing reforms in the mortgage sector, with minimum capital requirement pegged at N2.5 billion for state operations. Spring Mortgage, which has been rated by the Federal Mortgage Bank of Nigeria…
Sterling Bank unveils ‘Children’s Day’ initiative
Sterling Bank Plc its young customers are in for a good moment as the Bank rolls out plans to celebrate the 2015 Children Day under its I Can Save Account. Already, top on the agenda is the presentation of gifts to eligible customers and the promotion of a social media campaign encouraging parents to post…