By Emma Ujah The International Monetary Fund (IMF), has called on Central banks across the globe to raise interest rates, in order to halt the escalating inflationary trends. IMF Director of Monetary and Capital Markets, Tobias Adrian, made this call at a press briefing on the latest Global Financial Stability Report, in Washington DC, United […]

•Cuts global growth forecast to 3.6% •Says inflation to remain high By Babajide Komolafe The International Monetary Fund, IMF, has raised its forecast for Nigeria’s economic growth in 2022 to 3.4 per cent, citing increase in crude oil prices. However, the IMF reduced its projection for global growth to 3.6 per cent in both 2022 […]

By Nkiruka Nnorom Nigerian Exchange Limited (NGX) and NGX Regulation (NGX RegCo), in collaboration with UN Sustainable Stock Exchanges (SSE) Initiative, International Finance Corporation (IFC) and Carbon Disclosure Project (CDP), have joined forces to ensure the adoption of best practices on climate disclosure by quoted companies in line with the Financial Standards Board (FSB) Task […]

By Godfrey Bivbere The Minister of Transportation, Rotimi Amaechi, has applauded the improvement in cargo and ship dwell time at the Lagos Ports. The minister who gave the commendation at the inauguration of “Operation Free The Ports’ And Terminals Corridors” to be handled by the Port Standing Task Team (PSTT) comprising stakeholders in the maritime […]

By Godfrey Bivbere The Director-General of the Standard Organisation of Nigeria, SON, Farouk Salim, has said that the nation’s economy is suffering from high levels of importation of sub-standard goods into the country. The SON boss said this at a stakeholders’ sensitisation forum held in Lagos with the theme “Standards Save Lives, Grow Economy.” Salim […]

By Ediri Ejoh Nigeria power generation dropped by 19.23 per cent to 3,089.30 Megawatts yesterday, leaving most parts of the country without electricity supply for the festive season. According to data from the Independent System Operator (ISO) portal, a semi-autonomous unit at the Transmission Company of Nigeria (TCN), the drop is against the peak generation […]

By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said that consumer credit rose 40 per cent, year-on-year, YoY, to N2.1 trillion in November last year from N1.5 trillion in November 2020, driven by a rise in the tempo of economic activities. CBN disclosed this in the just released Economic Report for November 2021, adding […]

…As non-compliance in 22 states persists …Non-compliance blocks N127bn pension contributions By Babajide Komolafe & Rosemary Iwunze Enrolment of new members into the Contributory Pension Scheme, CPS, fell by 38 per cent in five years to 257,462 in 2021 from 411,258 in 2017 driven by persistent non-compliance in 22 states. Financial Vanguard analysis of annual […]

By Elizabeth Adegbesan IT’S becoming commonplace that women now go on low-cut. That, usually was not the case, even a decade ago. The pride of a woman used to be the length and lustre of her hair. Traditionally, low haircuts are meant for the menfolk. In the eastern part of Nigeria, when women lose their […]

By Babajide Komolafe Nigeria’s economic  development aspirations will receive a major boost come October when the 2nd Niger Bridge is commissioned.Located in the south-east region of Nigeria, the 2nd Niger Bridge  is expected to boost economic activities and open up development in that part of the country. Impact on Economic Development The importance and expected […]