Finance & Economy
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Economist Projects Nigeria’s Economy to Grow at 3.47% in 2024
Nigeria’s economy has been projected to grow at 3.47% in 2024. Dr Biodun Adedipe, an economist and Chief Consultant at…
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FG Reassigns 40% Shareholding in 11 Electricity Discos From BPE to MOFI
Through the Ministry of Finance, the Federal Government of Nigeria has reassigned 40% of its shareholding in the 11 electricity…
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Nigerian Banking Sector 2024 Full Year Outlook – On the Cusp of a New Dawn
Banking earnings touched new highs in 9M’23, aided by material revaluation gains driven by the policy reforms on FX management…
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FG plans N450bn power intervention fund
Nigerian Bulk Electricity Trading Company The Federal Government is set to spend N450bn on power interventions in 2024. This is…
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CBN Dissolves the Board and Management of Union Bank, Polaris Bank and Keystone Bank
The Central Bank of Nigeria (CBN) has dissolved the Union Bank, Keystone Bank and Polaris Bank boards (see 1. below). …
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Declining portfolio investment threatens Nigeria’s FX liquidity, economic growth – KPMG Declining
The global audit, tax, and advisory services firm, KPMG, has highlighted that the decreasing trend in portfolio investment poses a…
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NERC threatens Discos with sanctions for rejecting power
The Nigerian Electricity Regulatory Commission has expressed concern over the electricity load rejection by power distribution companies despite the blackout…
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Nigeria Macro Outlook 2024: The Path from Stagflation to Growth
Nigerians in 2024 should be prepared for an 18 months economic recovery period. This will be accompanied by a high…
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Fixing The Power Sector: A Memo to Adebayo Adelabu
Following the three-day retreat held for Ministers, Special Advisers, Permanent Secretaries and heads of Agencies and Departments by President Bola…
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A Reduction in the Expected Fiscal Deficit in 2024
Last Thursday, President Bola Tinubu presented the 2024 budget proposal to the National Assembly. According to the constitution, the executive…
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