Concerns have continued to mount over continuous depletion in the country’s disposable income, which stood at N30 trillion as at second quarter (Q2’18).
Continue reading Mounting concerns over Nigeria’s weak disposable income at Vanguard News Nigeria. …
economic outlook
“God has given me everything”, says Otunba Subomi Balogun at 85
How I&E forex window buoyed naira stability with $50bn inflows
By Babajide Komolafe
Foreign exchange inflows through the Investors and Exporters (I&E) foreign exchange window hit the $50 billion at the end of February. This huge inflow was instrumental to the stability of the naira against the dollar since 2017.
The Investors and Exporters (I&E) forex window allows investors and exporters to purchase and sell foreign exchange at the prevailing market rate. Prior to the introduction of the I&E window on April 2017, the nation’s foreign exchange market was bedevilled with acute shortage of supply of foreign exchange due to apathy of foreign investors who exited the nation’s financial markets in droves in the wake of the sharp decline in the nation’s external reserve caused by sharp decline in crude oil prices between starting from July 2014.
Continue reading How I&E forex window buoyed naira stability with $50bn inflows at Vanguard News Nigeria. …
Inaccurate data, govt interference, inefficiency threaten power supply – GENCOs
THE Electricity Generation Companies, GENCOs, have identified inaccurate data, government interference, and inefficiency as major factors, currently affecting power supply in the country.
Continue reading Inaccurate data, govt interference, inefficiency threaten power supply – GENCOs at Vanguard News Nigeria. …
How mergers impact confidence in banks and their customers
The desire for bigger financial strength in order to expand market share and deliver superior products to a larger consumer base is increasingly driving more companies to mergers and acquisition (M&As).
Continue reading How mergers impact confidence in banks and their customers at Vanguard News Nigeria. …
How off-grid devt ‘ll rescue Nigeria power sector
Development of off-grid power distribution solution, otherwise, known as standalone power system will open up the power sector to more investment opportunities from within and outside the country, thereby contributing to economic productivity and Gross Domestic Product (GDP) growth,a n investment banking firm, Emerging Africa Capital Group, has said.
Continue reading How off-grid devt ‘ll rescue Nigeria power sector at Vanguard News Nigeria. …
Oil price rises as uncertainty over Nigeria elections, Venezuela tension mounts
AS Nigeria’s stock market turn positive with significant capital gains ahead of official conclusion of the general elections, oil prices, yesterday shot up, apparently over uncertainty over the outcome of the election’s as well as the political tension in Venezuela. Also the pressure on oil price appears to be coming from a positive sentiment over United States–China talks.
Continue reading Oil price rises as uncertainty over Nigeria elections, Venezuela tension mounts at Vanguard News Nigeria. …
Empty supertankers reveal truths about today’s oil market
They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.
Continue reading Empty supertankers reveal truths about today’s oil market at Vanguard News Nigeria. …
Nigerians abroad remitted N9trn in 2018, highest in 13 years
Remittances by Nigerians living abroad provided a boost to the economy in 2018 as the total value of remittance from migrants amounted to $25 billion, (about N9 trillion), the highest diaspora inflow into the country in the last 13 years.
Continue reading Nigerians abroad remitted N9trn in 2018, highest in 13 years at Vanguard News Nigeria. …
