Steve Omanufeme
Busilive
Steve Omanufeme is Businessamlive Managing Editor.
You can contact him on steveo@businessamlive.com with stories and commentary.
Rising cost of funds, tight liquidity put interest earnings outlook on edge for Nigerian banks
Steve OmanufemeSeptember 21, 2017
Despite the recovery in the Nigerian economy, as indicated by Q2 2017 gross domestic product growth numbers, earnings prospect for
Nigerian naira cheap, undervalued by 14% at N360/$, RenCap says
Steve OmanufemeSeptember 11, 2017
The Nigerian naira, at the adjusted interbank foreign exchange rate of N360/$1, is seen as cheap and undervalued by as high as 14
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Nigeria’s Access Bank takes 30% haircut on its 9Mobile loan, insists Etisalat UAE still has obligation
Steve OmanufemeAugust 30, 2017
Nigeria’s Access Bank said Wednesday that it is taking a 30 percent haircut on its loan to troubled telecoms firm 9Mobile, formerly
Nigeria’s capital importation rises 95% to $1.79bn in Q2 as portfolio investors make bold return to bourse
Steve OmanufemeAugust 22, 2017
Data from the Nigeria Bureau of Statistics released Tuesday, August 22, 2017, indicate that total value of capital imported into
Nigeria’s new tax policy on ‘vatting’ microfinance banks’ services seen promoting financial exclusion
Steve OmanufemeAugust 22, 2017
Analysts and operators are challenging the applicability of value added tax on services rendered by microfinance banks as contained in
Turnover in Nigeria fixed income, currency markets drop in July as CBN cuts back forex intervention
Steve OmanufemeAugust 17, 2017
Transaction turnover in Nigeria’s fixed income and currency markets for the month of July 2017 amounted to ₦11.53 trillion, an 8.62
Rising cost of outright purchases sees Nigeria mortgaged households growing 287% to 38.9m in 2030
Steve OmanufemeAugust 16, 2017
The number of households requiring mortgages to finance home ownership in Nigeria is seen growing by 287 percent in 2030 to about 38.9
Big global banks freezing smaller operators out of correspondent banking on tough regulation, viability
Steve OmanufemeAugust 10, 2017
Many big global banks are inadvertently promoting financial exclusion as they are increasingly freezing smaller operators and money
Increased regulatory pressures, high punitive fines seen ‘derisking’ banks
Steve OmanufemeAugust 9, 2017
Increased regulation on anti-money laundering and accompanying swinging fines have made banks too risk-averse and left many genuine
Nigeria’s ERGP mere rhetoric, lacks commitment to power free markets, says EIU
Steve OmanufemeAugust 9, 2017
Nigeria’s Federal Government economic blueprint, the 2017-20 Economic Recovery and Growth Plan (ERGP) released in March 2017, which