Experts canvass synergy of fiscal and monetary interventions
Experts have appraised the effectiveness of fiscal and monetary policies of the Ministry of Finance, Budget and Planning (MFBP), and the Central Bank of Nigeria (CBN), in tackling the country’s economic challenges and found them to be inadequate due to lack of coordination between the two.
OPEC adjusts oil demand to 8.9 million bpd
• As uncertainty cloud extension of production cuts The Organization of the Petroleum Exporting Countries (OPEC), yesterday, revised downward its world oil demand in 2020, to an estimated 8.9 million barrel per day (bpd) adjusting it up by 0.1 million bpd against last month’s projection. OPEC’s projections enclosed in its July Monthly Oil Market Report,…
Stakeholders seek end to petroleum sector illicit financial flows
With over $18 billion yearly losses to Illicit Financial Flows (IFFs) in Nigeria, stakeholders in the oil and gas, and financial services sectors...
Redefining micro lending with NCR’s N1.5 trillion loan portfolio
The signing into law of the bill for using movable assets as collateral, popularly known as Collateral Registry Act, precisely on May 30, 2017...
Kudos, knocks as experts reminisce about Nigeria’s financial sector
As 2019 begins, some financial experts reminiscing about Nigeria’s financial sector in 2018, say it recorded positive developments but not without challenges. Some of the positive developments, they noted included the stability of the foreign exchange market; the increase in financial inclusion rate, occasioned by the emergence of finance technology firms, which facilitated the increase.…
Poverty, infrastructure gap persist amid $48b oil earnings
Though Nigeria has in the past 10 years made about $484 billion from crude oil (about N150 trillion going by current exchange rate of N305/$1), the country’s level of poverty and infrastructure decay have reportedly moved from bad to world worst.
Budget passage continues to generate mixed feelings
Economic affairs analysts have continued to express mixed feelings over the possibility of implementing the 2018 budget estimates.
CIBN charges Senate on speedy passage of FSS 2020 bills
The Chartered Institute of Bankers of Nigeria (CBN) has called on the Senate to urgently pass the Financial System Strategy (FSS 2020) Bills into law to promote financial inclusion and strengthen electronic payment system in the country.
CIBN president seeks more awareness on financial inclusion
The President/Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola has called on all stakeholders in the financial services industry...