Minister versus downstream energy regulator: Is zero influence an option? (Part 1)

In the first part of this essay, Mr Olusola Adeyegbe, a Commercial Lawyer with a Master’s Degree in Petroleum Taxation and Finance, who has a vast experience in Regulation in the Banking and Energy Sectors, stresses the need to have an independent Regulator for the power sector, the main driver of Nigeria’s economy, so that […]

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New loan benchmark may trigger asset bubble in banks

NPL 20% above the maximum threshold, may affect dividend payout Experts blame weak economy, harsh business environment Economists urge banks to observe due diligence in approval, strengthen risk framework CBN Governor Godwin Emefiele There are mounting concerns over the increase in banks’ toxic assets and the potential bubble from Loan to Deposit Ratio (LDR) as […]

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Nigeria exits recession amid weak growth

Economy still troubled, in recession, say LCCI, Tella ‘Nigeria’s riotous cattle-herding system stealing growth potential’ Experts warn against undue optimism Defying projections and leveraging opportunities presented by the coronavirus pandemic through technology and remote work, Nigeria’s resilient private sector helped the economy to exit recession in the fourth quarter with a growth of 0.11 per […]

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Nigeria’s economy at ‘turning point’ as NESG projects 2.9% growth

‘Inflation to moderate at 14.5 per cent’ The Nigeria Economic Summit Group (NESG) has projected that the Nigerian economy would grow by 2.9 per cent this year and achieve a sustained high growth rate up to 2025 in line with the expected global recovery. The NESG, in its 2021 Macroeconomic Outlook unveiled yesterday, said the […]

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Nigerians unhappy with inflation control measures, CBN admits

January employment, business growth outlook positive In what could be interpreted as an admission of its shortcomings and self-indictment, the Central Bank of Nigeria (CBN) has admitted that Nigerians are displeased with the management of the country’s inflation. Experts had balked at efforts taken by the monetary authority to stem the inflationary pressure. Many have […]

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Naira crashes, exchanges 495 for dollar

ss MPC retains policy rate, other parameters Food inflation to moderate as harvest starts, says Emefiele We must avoid blind speculation, Adedipe warns Nigeria is grappling with additional challenges, including a faster rate of inflation, as the gap between official and parallel segment of the foreign exchange (FX) market continues to widen. As of yesterday […]

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‘Unclaimed dividend bill will erode investors’ confidence, hinder market growth’

Finance Minister, Zainab Ahmed Capital market operators have warned that the proposed plan by the Federal Government to manage unclaimed dividends which is projected to hit N200 billion by the end of this year, would erode investor confidence and hinder the growth of the market. As one of its last options to fund the economy, […]

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