Expert seeks private sector involvement in infrastructure financing
An economist, Johnson Chukwu, has called for services of experts in the private sector in the management of the country’s infrastructure projects.
Index records 7.8% loss in Q3 over uncertainties
For the third quarter ended September 30, 2019, performance of many listed firms at the Nigerian Stock Exchange (NSE), continued the depreciated due to uncertainties and absence of clear economic policy direction.
Nigeria’s moderating inflation and issues overhang
Just yesterday, the National Bureau of Statistics (NBS) affirmed that yearly inflation in Nigeria stood at 11.02 per cent in August. This is the lowest figure in nearly four years, especially in the midst of the battle...
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…
FG loses N797b projected revenue in three months
The Federal Government has lost about N796.77 billion from its revenue projections in the third quarter of 2018, according to data compiled by The Guardian.
Persistent revenue shortfall counts against Nigeria
Nigeria’s debt profile, expectedly, would notch up by $2.93 billion by the end of this week, with a mix of increased costs, courtesy of the ongoing Eurobond debt offering, which government earmarked for capital projects in the 2018 fiscal plan.
Faltering growth affirms Nigeria’s oil dependence
Just because the nation’s oil sector lost its steam to the tune of four per cent, the non-oil sector, with its impressive 10-quarter high at two per cent, could not deliver the country from the pangs of economic slowdown.
Why stock market declined in first quarter, by experts
Capital market experts have linked the unprecedented lull witnessed in the nation’s stock market in the first quarter (Q1) to shift in the demand for equities for fixed income securities by Foreign Portfolio Investors, FPIs.