Steve Omanufeme
Busilive
Steve Omanufeme is Businessamlive Managing Editor.
You can contact him on steveo@businessamlive.com with stories and commentary.
Nigeria’s current account surplus seen dipping to 1.2% in 2018 on expected build-up in imports
Steve OmanufemeJuly 25, 2017
Nigeria’s current account surplus has been projected to narrow from 3.1 percent of GDP this year to 1.2 percent in 2018 on the back of
Nigeria’s electricity market enmeshed in opaque pricing as operators feud over invoices
Steve OmanufemeJuly 24, 2017
The Nigerian electricity market is steeped in opaque pricing as operators are still trying to grapple with price methodology. This
IMF sees firming recovery for Nigeria, projects growth at 1.9% in 2018
Steve OmanufemeJuly 24, 2017
The International Monetary Fund (IMF) has projected that Nigeria is on a firm road to recovery from the recession it entered in 2016
United Capital, FBNQuest analysts call no shift in monetary stance as MPC meets
Steve OmanufemeJuly 24, 2017
Ahead pronouncement from Nigeria’s central bank on the outcome of its monetary policy meeting, analysts calls indicate there would be
Nigeria bursts monthly fiscal deficit target by over 100% in May, signaling burden ahead for 2018 budget
Steve OmanufemeJuly 21, 2017
The fiscal operations of the Federal Government resulted in an estimated deficit of N397.74 billion for the month of May 2017,
Nigeria’s fixed income, currency markets grow 34.6% year-on-year in June as treasury bills remain dominant
Steve OmanufemeJuly 20, 2017
Transaction turnover in Nigeria’s fixed income and currency markets expanded 32.98 percent in the month of June 2017 to ₦12.62
Services gulp nearly half of Nigeria forex disbursed in May, ahead industrial sector’s 26%
Steve OmanufemeJuly 20, 2017
The services or invisible sector of the Nigerian economy, including education, consulting, tourism, shipping and others, gulped just
N234bn Paris Club refund improves market liquidity as interbank rates trend below policy rate at 5.25%
Steve OmanufemeJuly 19, 2017
Nigeria’s money market rates, in particular, interbank overnight rates, fell week-on-week by over 900 basis points to 5.25 percent
After $1.1trn from oil in 35 years, Nigeria has just $3.9bn left, barely enough to fund 16% of budget
Steve OmanufemeJuly 19, 2017
Despite earning a whopping $1.09 trillion from oil exports in 35 years, Nigeria still lacks the capacity to fund its annual
Nigeria lenders dip into reserves, unclassified liabilities to fund activities in May
Steve OmanufemeJuly 19, 2017
Nigeria lenders, pressed to finance their various activities in the month of May, turned to dipping into their reserves and