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Economy
With eye on inflation, naira stability, CBN holds MPR at 14%
The Central Bank of Nigeria (CBN) after the first Monetary Policy Committee (MPC) meeting for the year retained its monetary policy rate in consideration of economic risks (global and…
Sanwo-Olu excites Swiss investors with opportunities in Lagos
Ahead of the World Economic Forum (WEF) holding in Davos, Switzerland 22nd to 25th January, 2019, the All Progressives Congress (APC) governorship candidate in Lagos State, Babajide…
CBN sees positive outlook for the economy, retains benchmark rate
The Central Bank of Nigeria (CBN) on Tuesday heightened confidence that the local economy would remain positive in 2019, despite obvious headwinds as it retained key benchmark lending rates…
FG dares Labour with 50% Minimum wage increase
Council of State on Tuesday gave nod to a new national Minimum wage average of N27,000, representing an increase of 50% above the existing N18,000 approved
The existing Minimum Wage of…
Aba’s N120bn shoe industry booms despite neglect
Leonard Kujabi, a Gambian bank worker, was in Aba, Nigeria’s shoe capital, in May 2018. He came to the country with his family for a three-week holiday. After crisscrossing Powerline, a…
How Nigeria’s Industrial Production Index reveals productive sectors
Industrialisation plays a pivotal role in the building of a nation, hence acts as a catalyst that accelerates the velocity of structural revolution and diversification of the economy,…
FSDH Research expects economy to grow by 2.48% in 2019
FSDH Research, an arm of FSDH Merchant Bank is expecting the Nigerian economy to grow by 2.48 percent in 2019 from a growth projection of 1.94 percent in 2018.
Ayodele Akinwunmi, head of…
Analysts expect CBN to keep rates unchanged as MPC meets today
Ahead of the Monetary Policy Committee (MPC) meeting decision tomorrow (Tuesday), analysts in the financial services sector anticipate no change in the key monetary policy stance of the…
How are investors preparing for the next financial crisis?
In 2018, the world commemorated 10 years since the end of the financial crisis that shook the foundation of the global financial system. The collapse of the Lehman Brothers, a large United…
Obaseki to receive VP Osinbajo, as FG launches TraderMoni in Edo
The Edo State Governor, Mr Godwin Obaseki, has said that the state is set to receive the Vice President, Professor Yemi Osinbajo, on Saturday, January 19, for the launch of one of the…