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Nigeria: An Economy to Watch

Nigeria: An Economy to Watch

The world celebrates Nigeria as the next largest economy in Africa and one of the emerging investment havens in the world, but to many Nigerians, the new economic status is a sad reminder of the paradox of a rich nation and its poor people For many Nigerians whose collective aspiration is for the Nigerian economy

No Cause for Alarm

Ngozi Okonjo-Iweala, finance minister, sends a 102-page document to the House of Representatives Committee on Finance, showcasing the government’s achievement so far Ngozi Okonjo-Iweala, minister of finance and coordinating minister for the economy, has probably never been under as much pressure as she has experienced recently. Since mid-last year, she had at one time or

Mobile Market: Stock Trading on the Go

The transformation could not have come at a better time. Indeed, expectations are rife that the X-Gen platform, an information technology, IT-driven innovation, introduced by the Nigerian Stock Exchange, NSE, and Securities and Exchange Commission, SEC, with the support of capital market operators, will more than previous initiatives make the Nigerian capital market more competitive

Naira Palaver for Traders

Growing scarcity of lower denominations of the naira is hurting living and commerce alike A strange report of sudden shortfall in unfit-for-circulation currency notes meant to be destroyed began filtering out of the Mint Inspectorate, MI, at the Nigerian Security Printing and Minting, NSPM, recently. Designated as a currency security unit supervised by the Central

Lifeline for SMEs

Bank of Industry, in partnership with Western Union and USAID African Diaspora Marketplace, organises a forum aimed at expanding access to technical and financial opportunities for small businesses On account of its capacity to spew millions of employment opportunities, create wealth and alleviate poverty, the small and medium enterprise, SME, sector is acknowledged globally as

FG Set to Present 2014 Budget to NASS

The federal government through, Ngozi Okonjo-Iweala, finance minister and coordinating minister for the economy, is set to present the estimates of the 2014 budget to the National Assembly, NASS, any moment from now. President Goodluck Jonathan announced this shortly after both the Senate and House of Representatives settled their differences and agreed on $77.5 as

E-Commerce: Buyam.com.ng Makes Shopping Easy

It is no longer news that 44 million Nigerians now use the Internet. What is new is how this traffic fuels the growth of e-commerce market in the country. To take its chunk of the growing middle class, who makes up to 23 per cent of the country’s population, Buyam.com.ng, e-commerce platform, offers unique, one-stop

NSE rakes N105 million Fines in 2013

The Nigerian Stock Exchange, NSE, realised about N105 million from fines imposed on listed companies and stockbroking firms for breaching its rules and regulations in 2013. Oscar Onyema, chief executive officer of the exchange, who disclosed that quoted companies paid N61.2 million as penalties while stockbroking firms paid N43.5 million explained that listed companies and

CBN’s Monetary Policy Framework Is Injurious to the Economy

How would you appraise the tenure of Lamido Sanusi? Sanusi and his predecessor, Soludo (Chukwuma), both promoted policies that have helped to destroy the economy. With regards to banking regulation and supervision, both of them came with reformative posturing but this has not translated to a disciplined banking sector. The huge differential between savings and

No Cause for Alarm

Ngozi Okonjo-Iweala, finance minister, sends a 102-page document to the House of Representatives Committee on Finance, showcasing the government’s achievement so far Ngozi Okonjo-Iweala, minister of finance and coordinating minister for the economy, has probably never been under as much pressure as she has experienced recently. Since mid-last year, she had at one time or

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