‘Air Transport Liberalisation Would Benefit Consumers, Increase Trade Links And Stimulate Economic Growth’
Manoj Gopi Nair is the Regional Manager, West Africa, Emirates. In this exchange with OLAWUNMI OJO, he speaks on the operations of the Emirates Group on the continent, especially in the West African sub-region, how they have been fostering immense trade relationships and, in the process, helping to shape Africa’s future economic outlook. COULD you…
Nigerian banks’approach to sustainability
FROM the 1968 United Nations’ Biosphere Conference, Paris, to 2007, when Australia signed the Kyoto Protocol on climate, the word “sustainability” has elicited no fewer than 27 international conferences that require ratification and domestication by individual countries and some corporate organisations.
‘Retail credit’s growth, confidence in banking hinged on BVN’
The Nigeria Interbank Settlement System (NIBSS), said the unique ability of the Bank Verification Number (BVN) initiative to identify fraudulent customers in the banking system, leading to their blacklisting, will help to boost retail credit in the industry.
CBN’s stake on banks’ IT standards, compliance
The banking industry’s Information Technology (IT) architecture, just like every other aspects in the sector, has had its own reforms, in the recent times. Of course, the aim is to ensure that banks adopt global best practices, as the Central Bank of Nigeria (CBN) takes the lead in introducing guidelines and framework for the industry.
Islamic scholars reject graft, chart path to fiscal governance
OVER the years, public finance administration in Nigeria by both elected and appointed officials have established a pattern of corruption and unaccountability, thereby entrenching looting of public treasury as an unwritten norm.
Far-reaching implications of CBN, NDIC power tussle
The long running dispute between the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) over amendment of Acts seems unsettling, with the later asking for more power, which the former has said will lead to clash of roles and anarchy. CHIJIOKE NELSON and LUCKY ORIOHA write on their relationship before now and the implications of the new development.
‘Xenophobia Is An Unacceptable Low Point To Africa’s Economic Development’
Charles Nwodo Jnr is the Executive Chairman, XL Africa Group Ltd, a services group with active operating subsidiaries offering diverse services in many sectors of the economies of many African countries and the U.S. An alumnus of the University of Nigeria, Nsukka, the University of Lagos, Harvard Business School, Boston Massachusetts, and the New York…
G24: In defense of emerging markets, developing countries
THE global economic recovery, which has been assessed as uneven with manifest divergences across countries and regions, has however, been supported by Emerging Markets and Developing Countries (EMDCs) as the major drivers of global growth, although it is currently moderating in some countries.
Forex reserve plunges further to six months import cover
THE plummeting profile of the foreign exchange reserves, which has been a constant feature since the beginning of the year, has finally hit 2010 record low to $29.3 billion from $29.8 billion of the previous week.
Umeofia: ‘With Proper Incentives, Indigenous Manufacturers Can Fully Support Our Economy’
he Nigerian tomato paste market, which has a few indigenous producers, is dominated by imported products. Erisco Foods Limited is one of the indigenous producers. Following recent concerns of sub-standard and adulterated products flooding the market, however, the President of the food company, Eric Umeofia reassures consumers that its range of products remains one of the few in the country certified good for consumption.
Beyond ‘change’ mantra: The economic challenges, expectations
NO doubt, the nation’s economy needs change. But change on what? Of course, change in all economic indices- external and internal. These include our foreign exchange (forex) rate, forex reserves, reversal of outflow of Foreign Portfolio Investors (FPIs), other macroeconomic fundamentals, but mostly, the nation’s mode of prioritization of expenditure and allocation of resources.