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Nigeria Big Banks profit growth slides as virus hurts economy

Nigeria’s largest banks posted the slowest profit growth in five years as stringent policies by regulators and the unprecedented economic uncertainty caused by the...

The Inflationary Risk of Printing Stimulus Checks

There is probably no Nigerian who will not agree that due to the dire financial position of the country, we are unable to fund...

The Economic Risk of Zero Stimulus Check

As at year end 2019, Nigerian household spending was about N107.6 trillion while the economic size was N145.6 trillion, meaning that household spending accounted...

The Extreme Risk to Human Lives from an Early Reopening

According to British Intelligence, in the most extreme circumstance during this coronavirus outbreak, up to 80 percent of the population could be infected by...

How N3.6 trillion stimulus package could save 5.3 million Nigerian lives

While it is clear that the government risked creating an unimaginable havoc on the Nigerian economy and businesses by enforcing a lockdown, a reopening...

FBN Holdings GMD insider trades reveal bullish outlook on First Bank shares

  Group Managing Director of FBN Holdings (FBNH) Urum Kalu (U.K) Eke is someone who clearly puts his money where his mouth is. Eke’s direct holdings...

We can block your accounts, don’t overheat FX market CBN warns Businesses

The Central Bank of Nigeria (CBN) has declared that it can block the accounts of manufacturers and other businesses in Nigeria and declare them...

Why BUA Cement’s merger of subsidiaries is a masterstroke

BUA Cement Plc is reaping the benefits of merging two of its subsidiaries into a solid entity as full year earnings surged, even as...

Inside details of Bankers Committee Meeting held on Saturday

The Bankers Committee held a meeting with the Governor of the Central bank of Nigeria (CBN) Godwin Emefiele, over the weekend, and here are...

Pension Funds rotate to local money market securities as yields slide

Domestic Pension funds are reducing their exposure to FGN bonds and Treasury bills and parking more cash in local short term money market securities...

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