FSDH Merchant Bank Limited
Nigeria must design, effect border policy to stem economic losses, says Akinwunmi
Mr. Ayodele Akinwunmi, an economist in the Corporate Banking Department of FSDH Merchant Bank Limited, spoke to CHIJIOKE NELSON on the current closure of Nigeria’s land border, which he said though temporary, but must be reviewed urgently to stem the growing tide of economic losses and insecurity in the country
‘Nigeria’s pension penetration below 6%’
With Nigeria’s average pension penetration between 2011 and 2018, standing at less than six per cent, falling behind its global peers, the country must ensure effective implementation of the new Micro-Pension Scheme.
How global rate cut push is supporting credit in Nigeria
Central banks in advanced and developing countries are adopting expansionary monetary policy stance in order to stimulate economic growth. The move, which now tends towards a global unanimity, is, however, creating initial benefits for Nigeria, even as it remains cautious in joining fully the monetary policy bandwagon.
Stakeholders want humane policy, fund flow for economic development
Although the Central Bank of Nigeria (CBN), on Monday, kept all its monetary policy tools steady, including the benchmark interest rate at 13.5 per cent, the decision to hold the rates may be the beginning of another round of a long wait for policy changes by the apex bank. The Head of Research at…
Why Nigeria suffers from low savings-to-GDP ratio, by FSDH
A combination of high unemployment, weak purchasing power and inadequate knowledge of investment products that are available and how they work for the benefit of investors are major facilitators of Nigeria’s low savings....
Fresh Mandate: Opportunity to end blame game, revamp economy
In a matter of weeks, President Muhammadu Buhari, who just got re-elected, would have spent four years in office. But his administration, which was voted...
CBN tweaks 32-month-old policy rate, opts for growth
The Central Bank of Nigeria (CBN) yesterday took local and international investors by surprise, cutting the 32-month-old Monetary Policy Rate (MPR) by 0.5 per cent to 13.5 per cent...
Buhari’s ‘tougher times’ not new, expected
The ‘tougher times’ ahead, as predicted by President Muhammad Buhari after his re-election, is rather a continuum than a fresh caution for Nigerians and the economy, as his first four years were dominated by difficulties, unemployment and low productivity, economic analysts have said. Besides, his re-election is not inspiring financial market sentiments more than the…
Nigeria’s economy jostles for confidence amid headwinds
From a six per cent Gross Domestic Product (GDP) five years ago, to recession in 2016, and post-recession’s fragile recovery below two per cent till date, it’s been no respite for both the citizenry and economy.
Economy gets first policy direction for 2019 today
In the absence of an approved budget for 2019, the Central Bank of Nigeria (CBN), will today, lead the way with a policy decision that revolves around interest rate and sustenance of interventions for frailties of fiscal authorities. The Monetary Policy Committee of the apex bank would come up with a decision in its first…