Manufacturing under siege from all sides as epileptic power, poor infrastructure, high inflation, make positive PMI mere statistics
Ajose Sehindemi
February 5, 2018
With the Manufacturing Purchasing Managers’ Index at 59.3 index points in December, 2017, which indicated an expansion in the manufacturing sector for the ninth consecutive months, according to the Purchasing Managers’ Index (PMI) survey report by the statistics department of the Central Bank of Nigeria (CBN), Nigeria’s government’s assertion that business is booming seems justified. […]
Is FSS 2020 a missed target?
Businessam StaffFebruary 5, 2018
With about three years to the Financial System Strategy 2020 set by the Central Bank of Nigeria, Donatus Eleko wonders if the target can be met? The Financial System Strategy 2020 (FSS 2020) was conceptualised in 2006 by the Central Bank of Nigeria (CBN), in collaboration with other key financial sector regulators to fast track […]
The world’s oil kings are under threat
Serene CheongJanuary 19, 2018
Uneasy lies the head that wears a crown in the world’s biggest oil market. Middle East producers who for decades reigned as the undisputed leaders of oil sales to Asia are sensing a threat to their dominance, which is goading them to review age-old habits. Before the U.S. shale boom and the biggest price crash […]
Why hydrogen should be ultimate clean energy alternative, Africa a big player in its export
Businessam StaffJanuary 11, 2018
Like it or not, the United States tends to shape opinions around the world. Up to until recently, the world (almost unanimously) believed the worsening climatic conditions around the world, the rising of the sea level, and spread of diseases like malaria into areas they previously deemed impossible to exist because of climate, were all […]
No solution in sight for UK’s productivity crisis as small businesses say it is not a priority
Businessam StaffJanuary 1, 2018
Hopes that a “dynamic movement” among small firms could solve the UK’s prolonged productivity crisis have been dashed after business owners said it was not a priority. Just 7pc plan to make it a priority next year, with SMEs citing the state of the UK economy as a much greater concern. Four times as many […]
Oil price optimism would be ‘misplaced’ in early 2018, strategists say
Businessam StaffDecember 26, 2017
There’s little reason to expect oil prices to extend gains through the first quarter of 2018, energy strategists have told CNBC. The prospect of rising U.S. shale production, subdued price movements and intensifying geopolitical risks is likely to offset a rally in prices at the start of next year, the analysts said. Harry Colvin, director […]
Should you invest in Bitcoin? Money saving expert talks on cryptocurrency
Businessam StaffDecember 9, 2017
Bitcoin has rocketed to new all-time highs this week – but should you invest in the cryptocurrency everyone’s talking about? It’s in the public spotlight thanks to its meteoric rise. In recent days, Bitcoin has rocketed to new all-time highs. But should you invest in the cryptocurrency everyone’s talking about? Money Saving Expert Martin Lewis […]
Five ways Boeing’s 747 jumbo jet changed travel
Businessam StaffNovember 7, 2017
The sun is setting on the planet’s most recognizable jetliner. The very last Boeing 747 passenger jet was likely delivered in July — a jumbo for Korean Air Lines — and on November 7, 2017 United Airlines is retiring its Boeing 747 fleet with a retro-themed farewell flight from San Francisco to Honolulu. The 747 has been […]
How Saudi Arabia is building its $2tn fund
Businessam StaffOctober 23, 2017
Saudi Arabia is stepping up plans to turn its sovereign wealth fund into a global giant. This week, it’s holding a coming-out party of sorts for the Public Investment Fund, which is central to the government’s effort to diversify the economy away from oil, under a plan known as Vision 2030. The Saudis are hosting the titans of investing and […]
Crude or condensate? The dilemma over Nigeria’s oil-cut exemption
Businessam StaffOctober 21, 2017
When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in recouping output lost due to militant unrest. As tensions subside and the country pumps closer to normal levels, another dilemma looms for the producer group as it continues efforts to eradicate a price-sapping […]