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News

A season of trade agreements aligns ‘winners’ in emerging global order

The signing of the world’s largest free trade deal, the Regional Comprehensive Economic Partnership (RCEP), has given China significant influence in Asia Pacific, which could shape the region’s economic and political landscape for years to come. A group of 15 Countries generating nearly a third (1/3) of global economic output signed the historic agreement that […] Read Full Story

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Week Ahead: New season, new costs

Nigerian economy

New season, new costs While some consider the commencement of the rainy season as “showers of blessings” others might not as they are experiencing the biting/pinching effects of the costs that accompany it. The prices of major food items, such as bags of beans, pepper, tomatoes, eggs amongst others have witnessed a significant surge in […] Read Full Story

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Nigeria’s fiscal position remains precarious despite rising oil price

Bullish crude oil prices since beginning of the year have raised hope of a better global fiscal performance after severe disruptions caused by COVID-19 pandemic that unsettled oil dependent economies. The price rise of more than 75 percent since November 2020 has been on account of major economies reopening and vaccinating their populations after the […] Read Full Story

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Here’s how Naira closed the week

The foreign exchange market closed the week with Naira weakening by 0.26 percent amid low dollar liquidity, which declined by 8.36 percent at the Investors and Exporters (I&E) forex window. The foreign exchange market daily turnover declined by 8.36 percent Week-on-Week to $46.43 million at the end of trading on Friday from $50.67 million recorded […] Read Full Story

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After raising electricity tariffs, is NERC monitoring service delivery?

Power line

It is now four months since the electricity sector regulator, the Nigerian Electricity Regulatory Commission (NERC), nearly doubled electricity tariffs but questions remain regarding how effectively it is monitoring service delivery. In November 2020, the regulator began implementing the service-based tariff system where customers are supposed to pay for power based on the number of […] Read Full Story

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Business

How Family-Owned Businesses can attract funding

amily-Owned Businesses

Family Owned businesses control a significant portion of Africa’s economy as they form the bulk of Small and Medium Enterprises (SMEs) which in turn forms the backbone of Africa’s economy but most of these businesses struggle with funding. These businesses account for two-thirds of all businesses around the world, generate around 70-90 percent of annual […] Read Full Story

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Nigeria’s oil production to take 200,000bpd hit amid underinvestment – IEA

Poor investments into oil exploration due to the perceived unfavourable fiscal regime by investors will cut Nigeria’s oil production by at least 200,000 barrels per day (bpd) before 2026, the International Energy Agency, a Paris-based think tank advising European countries on energy policy, has said. In its closely-watched medium-term market forecast released on Wednesday, the […] Read Full Story

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John Magufuli, Tanzanian President dies of suspected COVID-19 complications

Tanzanian 61-year-old leader once nicknamed “the bulldozer” has died, after weeks of speculation that he was infected with COVID-19, the government has announced. Magufuli had been criticised for his controversial handling of the pandemic in Tanzania. Speculation had been rife about his possible infection with the coronavirus. Since the pandemic was declared in March 2020, […] Read Full Story