CBN rate cut on the horizon as inflation slows to 12-month low
Businessam Staff
August 16, 2019
By Lukman Otunuga, Senior Research Analyst, FXTM The latest inflation figures from the Nigerian economy are certainly good news for the Central Bank of Nigeria (CBN) and the economy as a whole. Inflation in Africa’s largest economy dropped to its lowest in a year at 11.1% last month as food prices and services reduced in […]
The threat that will send oil down to $10
Businessam StaffAugust 8, 2019
By Nick Cunningham of Oilprice.com Oil prices will need to trade at around $9 to $10 per barrel in the long run if gasoline [petrol] is going to be able to compete with electric vehicles and renewable energy. That startling conclusion comes from BNP Paribas, which warned in a new report that crude oil is […]
Cassava value chain analysis
Nextzon Research & Knowledge UnitJuly 31, 2019
CASSAVA, WITH ITS derivative products, is a very important crop that typically fits into the class of food security crops. This report examines the importance of cassava to the society, its origin, production, processing, local application, industrial application and exports. The Cassava value chain in Nigeria is dominated by smallholder farmers to cooperative society producers. […]
Nigeria rate cut coming as global monetary easing cycle gains momentum
Businessam StaffJuly 25, 2019
By Lukman Otunuga Unfavourable macroeconomic conditions across the globe have prompted major central banks to embark on a monetary easing cycle to counter a global slowdown. There is widespread speculation that the US Federal Reserve intends to trim interest rates in order to prevent an economic deceleration in the world’s largest economy. The global financial […]
Payment Service Banks: To Compete, Compliment or Collaborate?
Oluwafemi Ayanfe-OluyeJuly 15, 2019
By Oluwafemi Ayanfe-Oluye PAYMENT SERVICE BANKS (PSBs) are a new category of banks licensed by the Central Bank of Nigeriato drive financial inclusion by focusing on banking the unbanked and underbanked. With almost 40 million Nigerians unbanked and another 65 million underbanked, there lies a big opportunity to be harnessed by the PSBs. […]
As recapitalisation beckons again
Moses ObajemuJuly 4, 2019
By Moses Obajemu Again, events in the nation’s banking industry are about to turn full circle to the 2004/2005 era when the first regulatory induced recapitalization exercise took place, streamlining about 88 semi-strong as well as weak banks into about 15 well capitalised and strong banks. The variables that influenced the game-changing recapitalization and bank […]
TRUTH TO POWER: Sanusi on Buhari, economic management, poverty, subsidies, bankruptcy
Businessam StaffJune 27, 2019
Former governor of the Central Bank of Nigeria and current traditional ruler of the ancient city-state of Kano, Emir Muhammadu Sanusi II, at a workshop organised by the office of the accountant-general of the federation at government house, Kano, on Tuesday, in his usual blunt characteristic self, spoke truth to power as he rounded on […]
Ganduje, Sanusi face-off could harm Kano’s bid to attract new investments
in Kano, Jacob AjakaiyeMay 22, 2019
By Jacob Ajakaiye, in Kano THE PREVAILING UNFRIENDLY relationship between Governor Abdullahi Umar Ganduje, and the Emir of Kano, Muhammadu Sanusi, has the potential of jeopardizing efforts to attract new investment to the state, investment experts have warned. Governor Ganduje, who is expected to assume a new four-year mandate he got in the last […]
Emefiele’s second term: Continuation of development activism or a new paradigm?
Businessam StaffMay 16, 2019
Godwin Emefiele, Central Bank of Nigeria’s (CBN) governor and an exponent of development activism in the operation of the apex bank, has just be re-appointed for another term of five years by President Mohammadu Buhari. In line with the CBN Act, the president has forwarded a letter to the senate for the confirmation of Emefiele’s […]
Brexit extension: How much will it actually cost the UK to leave the EU?
Jonathan PerratonApril 20, 2019
By Jonathan Perraton EU leaders have agreed a short extension to Brexit until October 31 at the latest, in order to give the British parliament time to agree a deal. This date avoids the UK still being a member when the next EU budget cycle starts – but what does it mean for the “divorce bill”, […]