Business

Recapitalisation: Labour Ministry charges banks to protect workers

By Victor Ahiuma-Young & Omotola Aremo The Federal Ministry of Labour and Employment has cautioned banks and insurance companies against allowing workers to bear the brunt of the ongoing recapitalisation and restructuring in the financial sector. The Ministry made the call during the 2026 World Day for Decent Work celebration organised by the Association of […]
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‘Nigeria has no business importing print products’

Chairman of Board of Academy Press Plc, Chief Simeon Oguntimehin, has affirmed that the country does not need to import printing products as a nation because local printers can do it. He made the observation during the company’s 50th Anniversary Dinner in Lagos. “We do not need as a nation, to import any of our print products such as books, magazines, annual report, calendars, diaries, fliers, bank forms, flow lines, tickets, vouchers and all other sensitive materials including elections papers, revenue agencies forms, bank forms and other security agency document needs,” he said.

Infrastructure: Why FG, other investors can’t access N5.3 trn pension fund

Although the guidelines clearly state the investment criteria, Financial Vanguard’s findings showed that the National Pension Commission, (PenCom) ensures that interested investors abide strictly by the law. PenCom ensures that in the case of infrastructural investment, there must be a competitive bidding process for any contract, the bidders must be qualified to carry out the contract, there must be a time limit for completion of the contract, there must be a monitoring team to monitor the progress or otherwise of the contract, there must be experts to ascertain that the quality of products the investors purport to buy are up to standard.

‘FG must be willing to support smallholder farmers’

I am quite happy with the outcome of events. In terms of technical content, I think it was successful. The different units and organisations that made presentations at the conference demonstrated a clear understanding of the different sectors of agriculture. They also proposed adopted and tested solutions to challenges in agriculture in the country. I am really impressed with the presentations made at the conference, particularly the way the Minister of Agriculture, Chief Audu Ogbeh, tackled the issues in the agricultural sector. I am quite convinced that the minister has a good idea of the direction the agricultural sector in Nigeria is headed.

Re: Devaluation: IMF versus Buhari – Henry Boyo’s ranting

The respected economist, Mr. Henry Boyo has never ceased to amuse me with his numerous commentaries in both electronic and print media. He has taken so much pleasure and relish in every opportunity given to him by the media to unleash his acerbic commentaries on the Nigeria’s apex bank – the CBN. As if it was orchestrated media appearance, the above titled caption at the back of The Punch and Vanguard newspapers edition of Monday, February 29, 2016 and on the popular Sunrise Daily broadcast programme of the Channels Television of same day, the renowned economist and characteristic of him since I have been reading his opposing views of virtually every of the CBN monetary policies dated back to Chief Joseph Sanusi’s days as the Governor of the Bank to the present leadership sounded as a rehash of his usual playing of the broken record of excess liquidity in the system as the intractable problem of the fate of the naira and the economy.

New CBN study discredits inflation targeting model for economic devt

Inflation targeting encompasses a monetary policy framework in which the central bank sets an explicit target for future inflation, usually low inflation rate, and work towards achieving this goal. Consequently, the inflation rate serves as the nominal anchor on which the central bank relies to maintain price stability. Since the first adoption of inflation targeting by New Zealand in 1990, several countries from developed and emerging market economies as well as developing countries including Nigeria have adopted the framework.

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