Subsidy payments, summer travels, students’ exodus worsen naira depreciation — Investigation
By Babajide Komolafe, Economy Editor The burden of under-recovery for fuel subsidy cost borne by the Nigeria National Petroleum Corporation, NNPC, Limited, and hence its inability to remit into the federation account, is a major factor worsening the prevailing acute scarcity of the dollar driving the continued depreciation of the naira. Other factors include increased forex […]
Policies should address inequality, enhance welfare –Shamsuddeen Usman
In his presentations, the former Minister of National Planning and Chairman of the 2019 Vanguard Economic Discourse, Dr. Shamsudeen Usman, emphasised the need for government to make policies that will address inequality and enhance welfare of the people.
Equities fate still hanging on the balance, as investors lose N412bn
After recording a tumultuous year owing to various factors, particularly pre-election jitters in Nigeria and trade tension between US and China, the equities market is set to continue first quarter of 2019 in a similar vein, investment experts have said.
40bn barrels not likely soon as investors remain sceptical over PIGB
A report by the Department of Petroleum Resources, DPR, obtained by Vanguard showed that Nigeria’s oil reserves remain low at 37 billion barrels, despite efforts made by the government and others to achieve 40 billion barrel by 2020.
Equity Market Outlook: Research expects modest recovery in 2019
Despite the sustained and heavy bear run on the equity market in the Nigerian Stock Exchange, NSE, investment analysts believe recovery may happen in the first quarter of the year.
2019 OUTLOOK: Financial analysts outline 7 factors that will shape banking industry
Developments in Nigeria’s banking industry in 2019 will be shaped by seven global and domestic factors which will work simultaneously to impact on banks’ profitability, earnings and non performing loans. They will come with likelihood of staff retrenchment and increased confrontation between shareholders and management of banks. The seven factors and how they will likely impact the industry are presented below.
Gas shortages continue to pressure power sector
DESPITE its 202 trillion standard cubic feet, scf, gas reserves, Nigeria has not been able to harness enough of its gas for power generation, as a result of many challenges, including low investment, inadequate funding of projects and huge indebtedness to gas suppliers.
World oil demand to rise by 1.29 mb/d
THE Organisation of Petroleum Exporting Countries, OPEC, world oil demand has been projected to rise by1.29 million barrels per day, bpd in 2019.
Stock market in 2018: Investors’ loss peak at N1.9 trn Year to Date
A huge rally in the last trading day at the Nigerian Stock Exchange, NSE, yesterday which gained 1.27 perccent could not save the market from abysmal negative full year result. In the end the market recorded -17.8 percent loss for the year 2018.
Lessons from last Foreign Direct Investments report, way forward – Experts
Against the backdrop of consistent decline in Foreign Direct Investments (FDIs) as indicated by the latest report of the National Bureau of Statistics (NBS) on capital importation, economy experts have highlighted some of the lessons the fiscal authority should learn from the report to move the economy forward.
Seasonal spending, political campaign to push up inflation figures
IF analysts’ projections are anything to go by, the recent reversal in the inflationary developments in the economy towards uptick is set to be sustained not just in December 2018 but way into 2019.
