Interest rate, new naira notes and fuel scarcity

February 1, 2023 Afolarin .A. Olamilekan 0

Social, political and economic uncertainties are being projected by leading international bodies including the World Bank Group (WBG), International Monetary Fund.(IMF) and the World Economic Forum (WEF).  That of WEF was much more scary as it predicted a global risk that is eminent. WEF used data from the Global Risks Perception Survey 2022-2023 to highlight the risks the world was Read More

Nigeria’s rising debt: The way forward

December 27, 2022 Editorial IV 0

Most governments, multilateral organisations and the private sector across the world usually resort to borrowing to bridge revenue shortfalls and infrastructure financing. It is, therefore, understandable that the Federal Government borrows to finance budget deficits, specific projects and refinance maturing debt obligations.However, Nigeria’s growing debt profile has been an object of discourse and concern for stakeholders in recent times.Indeed, the Read More

Interest rate hike: Investors ‘ll migrate financial assets away from equities, operators warn

November 25, 2022 Segun Odunewu Lagos 0

Operators in Nigeria’s equities market have warned that most investors are likely to move their financial assets away from equities to money market instruments following the increase in interest rate to 16.5 per cent by the Central Bank of Nigeria (CBN) at its last Monetary Policy Committee meeting. The Monetary Policy Committee of the Central Bank of Nigeria voted Tuesday Read More