Bismarck Rewane, Chief Operating Officer (COO) of Financial Derivatives Company (FDC) Limited has said, inflation is likely to increase 0.9 per cent to a another high of 17.72 per cent, majorly on food concern. “The Nigeria economy is now at the verge of a major food crisis as killings and kidnappings become the order of the day”, said Rewane. He Read More
Managing Director Financial Derivative Company Ltd, Bismarck Rewane has said real estate sector will witness strong growth this year despite rising cost of building materials and fragile economic recovery. Rewane who made this statement while reviewing the performance of the nation economy in thigh cost of building materialshe month of May and outlook for the month of June at LBS Read More
As the Nigerian economy rises 3.11 per cent in full year ended first quarter of 2022, the hike in interest rate will likely excite investors the more in a tamed inflation era, Bismarck Rewane, Chief Operating Officer (COO) of the Financial Derivatives Company (FDC) Limited has opined. His argument is that, with the Central Bank of Nigeria (CBN) hiking the Read More
Chief Executive Officer, Financial Derivative Company Ltd, Bismarck Rewane has said that higher interest rate would have impact on the nation’s economy leading to reversal in capital inflow and increase in cost of debt services. Rewane who made this statement in Lagos at the LBS breakfast session said that higher rate will put pressure on the naira and also lead Read More
Ahead of the National Bureau of Statistics (NBS)release of its Consumer Price Index (CPI) report for March this week, Bismarck Rewane, Chief Operating Officer of Financial Derivatives Company (FDC) Limited says inflation will accelerate on the back of cost pressure. “Based on our time series analysis and survey of major markets in Lagos Metropolis, officialheadline inflation is projected to rise Read More
A survey of commodities prices in Lagos shows there might be a marginal decline in inflation figures in March to 15.57 per cent, warning that the spiral effect of the Ukraine and Russian war may result in imported inflation that will send inflation rate northwards. The National Bureau for Statistics (NBS) is scheduled to publish the headline inflation for February Read More
Chief Operating officer (COO) of Financial Derivatives Company (FDC) Bismarck Rewane, has warned that the fall in inflation rate in January, is nothing to celebrate about. Rewane said, it merely reflects the seasonal favours like harvest boom and post-Christmas blues saying explaining that core inflation, which is inflation-less season, actually increased while other sub-indices declined. “The data shows a marginal Read More
That inflation rate spiked after eight months of successive decline is not a major issue, but that food inflation actually rose meaningfully in midst of a harvest season is a major concern to Bismarck Rewane, Chief Executive Officer (COO) of Financial DerivAtives Company (FDC) Limited and member of the Federal Economic Council (FEC). “Most of the sub-indices also increased especially Read More
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