“we have $20bn lying idle in various domiciliary accounts of many customers at the various banks across the country. Naira is our currency, why are they keeping the foreign currency?” CBN March 4th 2016 An interesting statesman from the bankers… Continue Reading
Briefing Note: March 7th 2016: Inflation to Trend Up. With the increase in prices of petrol caused by the scarcity and the violence ongoing in North East and the Middle Belt it will be safe to assume the inflation rates will… Continue Reading
Would you have invested in buying land in Abuja in 1980? Imagine if you bought two plots beside the hotel in 1980 and sold in 2015, what return would you have made?….(the picture below shows Maitama and surrounding areas in… Continue Reading
Oil Price: $62.61 “One of the most striking promises we made during the campaign was the payment of Five Thousand Naira to the poorest Nigerians across the country”, Professor Yemi Osibanjo 14th June 2015 Oil Price: $47.42 “the APC… Continue Reading
This Chart showing Current account position explains why the Naira is trading weaker than the US dollars. The Current Account position show the net of imports and exports, its now trending negative meaning export value are depressed or Nigerian import… Continue Reading
Donald J Trump says he won 46% of Latino votes in Nevada….. I watched a news program. …the guy said he want to a dinner in Hollywood and asked folks at the wedding who they support……off the record he said… Continue Reading
Please EFCC, I beg in in the name of all that is holy, do not mess up this Abba Moro case, let this not be another press conference, drama, arrest, handcuffs spectacle………then silence. I hope you have properly taken time to… Continue Reading
1. Put campeign promises above reality…switch from traditional budgeting to a complicated zero based budgeting in months….without sufficient training of the civil service. … 2. Fail to submit a Medium Term Expenditure Framework for the next three financial years… Continue Reading
What should be a reasonable response to a falling Naira, inflation, rising dollar and job losses? Creating multiple sources of income especially by exporting to earn forex is a good response. Multiple streams of income provide “insurance” to you… Continue Reading
Lets discuss the January FGN bond auction, See results below…. “N40.00 billion of FGN bonds was newly issued at marginal rates of 12.24% and 12.50% against 10.95% and 11.00% for 5 year and 10 year respectively at the previous auction.… Continue Reading
