Dr. Muda Yusuf
Notwithstanding increased liquidity the economy may enjoy from electoral activities, the Centre for the Promotion of Private Enterprises (CPPE) has expressed concerns about the inflationary implications of liquidity surge, alongside increased distractions of the political leadership from governance and economic management.
With local sourcing of raw materials still very low, Nigerian manufacturers have urged the Federal Government to incentivize investment and production through backward integration initiatives.
Among other things, the Central Bank of Nigeria (CBN) Act of 2007, saddles the bank with the overall control and administration of the monetary and financial sector policies of the Federal Government.
Except Dangote Refinery becomes operational next year to reduce marginal costs associated with petroleum importation, the Centre for the Promotion of Private Enterprise (CPPE) has expressed reservations about government’s political will to remove fuel subsidies.
17 Jul 2021
Amid global worry over rising commodity prices, Nigeria’s headline inflation has slowed down to 17.75 per cent year-on-year in June. It was the third consecutive month the inflation would decelerate.
16 Jun 2021
As Nigeria’s headline inflation retreated for the second time in May, dropping from 18.12 per cent reported in April to 17.93 per cent, the realities in the markets in terms of food prices...
17 Mar 2021
Since the January 2012 protest when Nigerians stood up against the removal of subsidy, there have been worries about the best way to remove fuel subsidy by the Federal Government...
15 Dec 2020
Stakeholders at the just-concluded Africa Business Ethics Conference (ABEC) have made a case for strong institutions and regulatory reforms to enforce ethical standards. These, they said, would engender a level playing environment for businesses to thrive.
7 Sep 2020
• Multiple forex rates persist • Sanctioned firms sold dollars to importers of 42 banned items, says ABCON Local manufacturers and other members of the private sector in need of foreign exchange yesterday, reminded the Central Bank of Nigeria (CBN) of about $2 billion backlogs needed for operations and business continuity, as the apex bank…
26 Aug 2020
The daunting challenges hampering investment in the industrial sector have over the years led to the shutting down of many manufacturing firms. Low capacity utilisation occasioned by epileptic power supply....
26 May 2020
The impact of the plunge in oil price in the last two months may have spread across asset classes in Nigeria, forcing investors to widen portfolio on the bond market...
14 Apr 2020
Worried about the effects the Covid-19 pandemic has on economic sustainability and business continuity, the Lagos Chamber of Commerce and Industry (LCCI) has urged economic managers to begin to set agenda...