It will appear the Federal Government of Nigeria (FGN) is insolvent. Insolvency means “unable to pay obligations”. Let us review the six month report published by the FGN Budget Office. For the six months ended June 2017, the total retained… Continue Reading
Vice-President Yemi Osinbajo, has approved the revised national tax policy to address low taxation in the country. Finance minister Kemi Adeosun spoke as regards the policy…. “What the (review) committee report has shown is that we should look at actually increasing… Continue Reading
Its Valentine’s Day. Love and Chocolates…..(so they say) Chocolates is Cocoa….Cocoa is money, lots of export money. To be clear, after Crude oil, Cocoa is Nigeria biggest export earner…in 2013, Nigeria earned $1.2b from Cocoa…..this dropped to $666m in 2014……still… Continue Reading
So i watched a football game, one team had 59% possession and 1 goal……..another team got 41% possession and got 3 goals. Football is won by goals, not possession. Scoring “Goals” is the Strategic Goal (no pun intended). As an… Continue Reading
If statement is true, this points to an artificially strong naira going forward. Should supply of foreign exchange not improve to the CBN Interbank market, then a strong Naira cannot be maintained The ONLY way to ensure a weak Naira… Continue Reading
The environment your business operates in is important as the business itself .. Agree?
What are the Japanese doing?
Commodities report for 2016. Cocoa Down….. Palm oil up…… Exporting to earn Forex today remains a hedge against falling Naira and Inflation. Research, understand the value chain and export markers of a commodity, start small, get into it. Remember you… Continue Reading
Difficult to see any correlation with retail petrol prices in these locations across Nigeria. Forced to conclude these are unsystematic. Credit: Nigerian Bureau of Stastics
Inflation uptick continues…destroying savings…distorting business planning, affecting the Nigerian yield curve. We are hard pressed to find any financial instrument currently on offer in Nigeria that offers a real rate of return. (Credit: National Bureau of Statistics)