Archives Tag: Nigerian Economy
JP Morgan Vs Naija
April 19, 2022
I’m in torn about JP Morgan’s decision to remove Nigeria from its Government Bond Index. The selfish part of me is naturally concerned about the negative impact it will have on business and my pocket. After all, the long line of foreign investors heading towards the nearest “Exit Nigeria” door is an inevitable consequence. And … Continue reading JP Morgan Vs Naija
By guestwriter
The Nigerian Economy: The Role of SMEs
April 19, 2022
Small and Medium Enterprises (SMEs) as defined by the National Council of Industries are business enterprises whose total cost excluding land is not more than two million naira (N2, 000,000) only. The Federal Ministry of Commerce and Industry defines SMEs as firms with a total investment (excluding cost of land but including capital) of up … Continue reading The Nigerian Economy: The Role of SMEs
CBN Officially Prohibits Acceptance of Foreign Currency by Banks
April 19, 2022
The Central Bank of Nigeria published a public circular yesterday, Wednesday, August 5th, stating that all banks have been prohibited from accepting foreign cash deposits henceforth. It stated, “The Central Bank hereby prohibits from the date of this circular the acceptance of foreign cash deposits by Deposit Money Banks.” This was in line with the Banks’ … Continue reading CBN Officially Prohibits Acceptance of Foreign Currency by Banks
By ify
Economist Intelligence Unit Lists Nigeria as an Investment Hotspot
April 19, 2022
According to the Economist Intelligence Unit’s report on Enabling a More Productive Nigeria: Powering SMEs, Nigeria is now an investment hotspot for some of the world’s largest brands: General Electric, Unilever etc. The report added that for the country to reach its full potential, it must overcome some challenges by creating economic diversification, employment and a more … Continue reading Economist Intelligence Unit Lists Nigeria as an Investment Hotspot
By ejura
Nigeria, Others to Have Largest Working-Age Population by 2035
April 19, 2022
McKinsey & Co, a global management consulting firm has predicted that the working-age population of Nigeria and other African countries will be the largest in the world by 2035. The New York-based company specifically stated in a report titled “Lions Go Global: Deepening Africa’s Ties to the United States,” that the working-age … Continue reading Nigeria, Others to Have Largest Working-Age Population by 2035
By elizabeth
BUSINESS ECONOMY News Uncategorized
Nigeria Said to be One of World’s Top 20 Economies by 2030
April 19, 2022
According to McKinsey & Co, a global management consulting firm, Nigeria has the potential to be one of the world’s top 20 economies by 2030 seeing as they have a consumer base that exceeds the current population of France and Germany, Nigeria, Africa’s biggest economy, may expand about 7.1 per cent a year through … Continue reading Nigeria Said to be One of World’s Top 20 Economies by 2030
By elizabeth
Fidelity Bank Targets 50% SME Lending
April 19, 2022
Mr. Nnamdi Okonkwo, the Managing Director/Chief Executive Officer, Fidelity bank revealed the bank’s plans to increase its lending to small and medium scale enterprises (SMEs) also to the retail segment from 28% which it attained in 2013 to 50% by 2017. In a report that did a review of the bank’s performance in 2013 … Continue reading Fidelity Bank Targets 50% SME Lending
By mary-odunuga
Zenith Bank’s US$500M Euro Bond Massively Over-Subscribed
April 19, 2022
Zenith Bank Plc has announced a massive over-subscription of 200% in her US$500m Euro bond issue under a US$1bn Global Medium Term Note (GMTN) Programme announced on 1 April 2014. According to a press release issued this afternoon, the bank’s week long investors’ roadshow, coordinated by Goldman Sachs and Citibank, received an overwhelming endorsement by … Continue reading Zenith Bank’s US$500M Euro Bond Massively Over-Subscribed
BUSINESS ECONOMY News Research
Nigeria’s Economic Market Size now $247 Billion – Report
April 19, 2022
Mediafacts, an annual publication of MediaReach OMD, has revealed that Nigeria’s economic market size is around $247 billion (₦39.52 trillion). This is about 41 percent of the Gross Domestic Product (GDP) of West Africa. The report also says, “the sheer market size has placed the country among the top African economies and a destination of choice … Continue reading Nigeria’s Economic Market Size now $247 Billion – Report
By sheyi
Nigeria’s $1 Billion Bond Four Times Oversubscribed
April 19, 2022
Nigeria raised $1 billion in the first dollar bond issued by a developing nation since the market went into a tizzy in May. The bond issue was four times oversubscribed, said Nigeria’s Finance Minister Ngozi Okonjo-Iweala in a conference call Tuesday. “It was the correct decision,” she said, on deciding to issue a bond at this … Continue reading Nigeria’s $1 Billion Bond Four Times Oversubscribed
The Handwriting on the Wall: A Curious Case of Diversifying Nigeria’s Economy Now!
April 19, 2022
Moving with trends is a necessity in this fast paced global village we live in. In some parts of the world, libraries are being shut partly because of the obsolescence of print and then, the clamour to ‘go green’. The email has made the once stoic ambience of the post office a matter of nostalgia. … Continue reading The Handwriting on the Wall: A Curious Case of Diversifying Nigeria’s Economy Now!
By nehijesu
