CBN’s Volte-face narrows FX markets premium
In our H1 17 Strategy Report, we noted that the CBN could maintain its hard peg on the naira at N305/$ as higher oil receipts and proceeds from FG’s planned external borrowings bolster FX reserves. Unsurprisingly, following a strong rise in the nation’s reserves (+17.1% over H1 17 to $30.3 billion), the CBN raised its […]
In the news: N4.75tn pension funds invested in FG bonds
This Day NNPC Massively Stockpiles PMS to Sustain Price Crash A daily record of operations of the Nigerian National Petroleum Corporation (NNPC) has disclosed the corporation’s plans to sustain the petrol pump price crash it started last week with a healthy build-up of stocks. FG, IOCs Finalise Evaluation of Bids for $13.5bn Zabazaba Deepwater Project […]
5 signs it’s a phishing email
As the year winds to a close, it is important that safety and security are prioritised, especially as regards activities in the online space. This year witnessed massive retrenchment and an increase in the number of unemployed youths. Idleness, coupled with the ease of internet access and technological know-how makes cyber-crime attractive. To help you […]
Much ado about meetings…
If you have ever had to work with any number of people, the subject of meetings can’t be strange to you. You have probably had so many meetings today and may still have a number to look forward to. Often, it looks like there is no end and no point to meetings, still attend you must. Meetings […]
In the news: FG targets N100bn from Islamic bond
Punch Why Nigerians haven’t felt impact of exit from recession – NBS boss The Statistician-General of the Federation and Chief Executive, National Bureau of Statistics, Dr. Yemi Kale attributed the non-impact of the exit from recession on the citizens to the structure of the economy, which is still largely driven by oil. FG offers tax […]
Back to school tips for your 1 to 10-year-olds
Now that the holiday is nearly over and the new school year is about to begin, you need to prepare your little child(ren) especially the first timers psychologically. Understanding each child’s physical and emotional needs will help you respond and prepare them for upcoming transitions such as starting school in a new environment, or resuming […]
In the news: CBN injects $250m to lift naira
Punch CBN injects fresh $250m to lift naira The Central Bank of Nigeria on Tuesday injected $250m into the various segments of the inter-bank foreign exchange market, in order to lift the naira against other major currencies. Exit from recession fails to lift stocks Despite Nigeria exiting recession on Tuesday, the equities market closed in […]
It’s all in the mind
“I got up on the wrong side of the bed.” Have you ever said these words when things do not go well for you on a certain day? You probably have. But do you know that one factor that determines how well your day turns out is how you play it out in your mind? […]
Trade Balance to Survive Muddy Waters
Export sustains trajectory on higher crude prices… Nigeria’s trade balance extended its surplus position into a second consecutive quarter in Q1 17 (N719 billion), following another sturdy rise in exports (+109% YoY to N3.0 trillion) relative to a 35% increase in value of imports.1 According to NBS, it took sharp increases (average of 142% YoY) […]
In the news: Naira appreciates to N366/$
Punch FG awards $5.8bn Mambilla power plant contract The Federal Executive Council on Wednesday approved the contract for the engineering work of the Mambilla Hydro Electric Power Plant in Taraba State at a sum of $5.792bn. Lagos to build 57 computerised vehicle inspection centres The Lagos State Government says it plans to build 57 state-of-the-art […]
