Understanding Nigeria’s Banking Sector Recapitalisation
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…
CBN announced its decision to sell foreign exchange worth USD20,000 to eligible BDC operators across the country
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…
Some of the Nigerian electricity distribution company have announced an increase in electricity tariffs for Band A users to ₦209/kWh
Global Macro Highlights Eurozone inflation rate decreased to 2.5% in June Preliminary data from Eurostat indicates that the Eurozone inflation rate decreased to 2.5% in June, down from 2.6% in May. This decline was primarily due to a reduction in food prices and energy, which fell to 2.5% and 0.2% in June respectively, from 2.6% […]
The IMF revised downward its 2024 economic growth projection for Nigeria to 3.0% from the 3.1%
Global Macro Highlights US Fed have decided to maintain its key interest constant at a 23 year high of 5.25% to 5.50% In the US, the Federal Reserve (US Fed) have decided to maintain its key interest constant at a 23 year high of 5.25% to 5.50% at its last monetary policy meeting citing that […]
Nigeria crude oil production for October 2023 declined marginally to 1.56mbpd
Global Macro Highlights UK economy showed no growth QoQ in Q3:2023 The Office for National Statistics reported that the UK economy showed no growth QoQ in Q3:2023 as GDP remained unchanged during the period, following a 0.2% increase in Q2:2023. However, on a YoY basis, GDP advanced by 0.6%. We note that the persistence of […]
The Senate approved a 2023 supplementary budget of NGN2.17 trillion with a deficit of NGN6.25 trillion
Global Macro Highlights US Federal Reserve chose to keep the federal funds rate The US Federal Reserve chose to keep the federal funds rate at 5.25%-5.5%, which remains its highest level in 22 years. During the previous month, the unemployment rate climbed to 3.9%, reaching its highest point since January 2022 and nonfarm payrolls saw […]
The London court ruled in favor of the Nigerian Government
Global Macro Highlight U.S. economy grew by an impressive 4.9% YoY According to a report by the United States Bureau of Economic Analysis, the U.S. economy grew by an impressive 4.9% YoY and 1.2% QoQ, representing the most substantial growth observed since Q4:2021. This surge was driven by increased government and consumer spending (a result […]
Financial Lessons From Queen Charlotte | The Movie
If you’re anything like us, you would have already binged on the entire first season of ‘Queen Charlotte: A Bridgerton Story’ and you are eagerly awaiting the next season. But while we can’t wait to see what’s in store for our favourite characters, we’re also excited about the investment and financial lessons that are embedded […]
Soft Skills In The Workplace
SOFT SKILLS IN THE WORKPLACE: Why They Matter & How To Improve On Them Soft skills are relevant skills everyone – employers and employees alike – need to possess notwithstanding their professional career because it gives a bedrock to establish one’s self as an ideal employer, employee, colleague, team lead or manager. Exhibiting required and […]