CATEGORY: ECONOMY & POLITICS

CBN holds MPR at 14% ; what it means for Startups and SME’s

CBN holds MPR at 14% ; what it means for Startups and SME’s

The Central Bank of Nigeria CBN’s Monetary Poly Committee meeting (MPC) was concluded on Tuesday with the decision to hold  the policy rates. According...


Credit to Public Sector hit all time high as borrowing spree continues

Credit to Public Sector hit all time high as borrowing spree continues

Data from the Central Bank of Nigeria reveals Nigeria’s credit to the private sector as a percentage of credit to the Federal Government is...


Mixed Fortunes trail GEJ’s Super Ministers

Mixed Fortunes trail GEJ’s Super Ministers

The Goodluck Jonathan administration, despite its tilt towards corruption and impunity will always be remembered as one that had some of the most powerful ministers...



Official: Debt service was 44% of FG revenue for May 2017

Official: Debt service was 44% of FG revenue for May 2017

In the recently published May 2017 Central Bank Monthly report, Nigeria earned a total revenue of about N185.6 billion the lowest monthly collection since...


Don’t blame government for the flood as only 3% of Lagos residents pay tax, says Ambode

Don’t blame government for the flood as only 3% of Lagos residents pay tax, says Ambode

Ambode claps...


Looks like CBN dollar Intervention is yielding ‘positive results’

Looks like CBN dollar Intervention is yielding ‘positive results’

The series of recent interventions by the Central Bank of Nigeria appears to be yielding expected result as Nigerian Banks now see improved dollar...


After Etisalat’s exit, foreign telco partners have now threatened disconnection over unpaid bills

After Etisalat’s exit, foreign telco partners have now threatened disconnection over unpaid bills

Foreign telecommunications partners have threatened to disconnect their Nigerian partners as a result of failed payments. The threats, if carried out, could lead to...


The Events That Shaped Nigeria’s Economy in the First half of 2017

The Events That Shaped Nigeria’s Economy in the First half of 2017

A couple of noteworthy events of economic or business relevance occurred during the 1st half of this year. We believe that they are noteworthy...


Senate, CBN and Banks Meet to discuss Interest rates

Senate, CBN and Banks Meet to discuss Interest rates

In a bid to address the high level of interest rates in the country, the Senate Committee on Banking, and Financial Institutions met with...


This trend in extension of credit to Nigeria should trouble FG

This trend in extension of credit to Nigeria should trouble FG

How can this be...


MPC Member compares Nigeria to Zimbabwe as FG borrowing from CBN tops N6.5 trillion

MPC Member compares Nigeria to Zimbabwe as FG borrowing from CBN tops N6.5 trillion

Balami Dahiru Hassan, a member of the revered Central Bank Monetary Policy has expressed concerns over the excessive borrowing by the Federal Government. His...


More questions arise as World Bank loans Nigeria another $961 million

More questions arise as World Bank loans Nigeria another $961 million

The World Bank has approved another $961 million loan for the implementation of 2 program for results operations in Nigeria, Punch claims. The first...


130% Oversubscribed: These factors may have led to a successful initial Diaspora Bond sale

130% Oversubscribed: These factors may have led to a successful initial Diaspora Bond sale

Nigeria was able to successfully raise $300 million in its first ever diaspora bond at at coupon rate of 5.625 per cent for a...


6 things to know about Nigeria’s upcoming sukuk bond

6 things to know about Nigeria’s upcoming sukuk bond

Another kind of...


Shareholders want to take Arik back as plans to settle its N160 billion debt is underway

Shareholders want to take Arik back as plans to settle its N160 billion debt is underway

Shareholders of Arik Air seem to be planning a revival of the company’s fortunes as they seek to regain control from Asset Management Corporation...


2 reasons why newly introduced CBN form NXP is bad for Nigeria’s exports

2 reasons why newly introduced CBN form NXP is bad for Nigeria’s exports

Good idea...


A pattern has emerged as South Africa joins list of Africa’s biggest economies in recession

A pattern has emerged as South Africa joins list of Africa’s biggest economies in recession

Same symptoms, same...


Nigeria’s debt profile hit N19.1 trillion

Nigeria’s debt profile hit N19.1 trillion

By a...


Why Osinbajo failed to sign 2017 Budget on Thursday

Why Osinbajo failed to sign 2017 Budget on Thursday

Acting President Professor Yemi Osinbajo failed to sign the 2017 Federal Budget on Thursday as expected. The budget which was passed by the National...


Kwara State is offering 5 year tax holiday for Startups and SME’s

Kwara State is offering 5 year tax holiday for Startups and SME’s

In a move designed to wean the state from its dependence on crude oil allocations and increase employment opportunities, the Kwara state government has...


The 6 new taxes the Senate is planning to impose on road users

The 6 new taxes the Senate is planning to impose on road users

More burden on...


What entrepreneurs stand to gain from the Collateral Registry and Credit Reporting Act

What entrepreneurs stand to gain from the Collateral Registry and Credit Reporting Act

In principle, more funds for...


According to this report, only 2 states earn more than they receive as Federal allocation

According to this report, only 2 states earn more than they receive as Federal allocation

How does your state...


These 2 pointers indicate that the MPC will sit tight, do nothing and hope for the best

These 2 pointers indicate that the MPC will sit tight, do nothing and hope for the best

A repeat of the last 4...


Microsoft snubs Nigeria for SA in locating data center; What Nigeria stands to lose

Microsoft snubs Nigeria for SA in locating data center; What Nigeria stands to lose

Still for the same...


5 takeaways from CBN’s February Banking Report

5 takeaways from CBN’s February Banking Report

Nairametrics| The Central Bank of Nigeria (CBN) has released its February report on the banking industry. With not so many reasons for the average...


Nigeria has a galloping food inflation and it’s a huge drag

Nigeria has a galloping food inflation and it’s a huge drag

Not so good news for Nigerian...


Why the Senate is investigating banks and oil majors over capital flight

Why the Senate is investigating banks and oil majors over capital flight

Nairamterics|A joint senate committee has begun investigating several banks in the country over crude oil proceeds from oil companies. Here are the details of...


Relocation of Computer Village: A timeline of events

Relocation of Computer Village: A timeline of events

The drama and tension accompanying the proposed relocation of the renown Computer Village in Ikeja, Lagos State, to Katangora in Agbado has reached palpable...


Moody’s has rated Nigerian banks stable but…

Moody’s has rated Nigerian banks stable but…

Bittersweet...