Nigeria 2016: The economy crystal ball by WSTC

Nigeria 2016: The economy crystal ball by WSTC

Prospects of 2016 economy on Nigeria is currently overshadowed by negative developments in 2015 and many economists and financial analysts are projecting that 2016 may not easily shake off the impacts. An articulated review of 2015 economy and the 2016 forecast is presented here covering most key sectors by WSTC Financial Services Limited, a member of the Nigerian Stock Exchange, NSE, and a major operator in the Nigerian financial sector.
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Skye Bank: Building Acquisition on People

Skye Bank: Building Acquisition on People

For most Nigerians visiting a bank is no more a regular routine to look forward to. It is not because banks have become less important to our lives, but essentially with the era of smart technology and mobile banking, customers can transact business without visiting the banking hall. However in one of such moments, I recently found myself in one of Skye Bank’s branches where I had gone to do my Bank Verification Number (BVN) registration to avoid the CBN hammer. Whilst in the bank, I noticed a certain excitement in the atmosphere. There was evidence of a people working together in the interest of the customer at least going by the level of customer service I experienced on that day.

Banking the unbanked with mobile payments

Banking the unbanked with mobile payments

Baba Segun operates a thriving vulcaniser business located in the Kirkiri axis of Apapa. Though he has little education, he enjoys patronage from every segment of the society. This he attributes to two factors, namely his vulcanising skills and his mobile phone. “My phone is my number one equipment”, he said, adding, “It determines how many jobs I get everyday”. Though he could barely read or write, Baba Segun easily operates the mobile phone. “I have to force myself to learn how to use it”, he said.

Scrap BDC, save the Naira from continued devaluation

Scrap BDC, save the Naira from continued devaluation

The pressure on the Naira at the foreign exchange market might continue to mount and see further depreciation in value of the Naira if the activities of currency speculators are not curbed. At the centre of this speculative activities are the Bureau de Change. Right from the deregulation of the foreign exchange market, the operation of third party non bank outlet for foreign exchange transaction has been the bane of the Naira. Those who own and operate these outlets do so for personal gains. in the guise of helping to reach the unreached members of the public by banks. They buy foreign exchange at cheap rate from CBN and divert them to the parallel market and sell at exorbitant rate to end users.

Adeola faults minister of finance over approval of NCC budget

Adeola faults minister of finance over approval of NCC budget

ABUJA — VICE Chairman, Senate Committee on Communications, Senator Solomon Adeola, representing Lagos West on the platform of All Progressives Congress, APC, yesterday faulted moves by the Minister of Finance, Mrs. Kemi Adeosun, to approve the budget of the Nigerian Communications Commission, NCC.

AGM: NBBF set to brainstorm Feb. 3rd in Abuja

AGM: NBBF set to brainstorm Feb. 3rd in Abuja

The Nigeria Basketball Federation has scheduled its 2016 Annual Stakeholders Consultative forum for Wednesday 3rd February , 2016 at the National Institute for Sport Auditorium, National Stadium, Package B, Abuja.