This question is really asking how you would allocate N1 million amongst different asset classes. But before we consider that, let us start from the basics. What are asset classes? Asset classes are securities that exhibit the same characteristics. For instance, Fixed… Continue Reading
Has the Federal Government borrowed funds since 2015 to pay salaries? Simple answer; Yes Kalu please show workings First of some disclosures, all data shared here are from the Federal Budget Office document titled 4th Quarter and Consolidated Budget Implementation… Continue Reading
The Nigerian Government has announced the take off of Trader Moni: a scheme that offers N10,000 collateral free loans to petty traders in the first instance & much more after repayment. First off all lets all agree this is a… Continue Reading
Who died and made Valentine Day about flowers and chocolate? Probably a smart advertising executive, I mean consider that Americans will spend $18.9b on Valentine Day shopping, according to the National Retail Federation consumer spending survey. Valentine is about retail,… Continue Reading
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
What are Sukuks? A Sukuk is as Bond…but it has a key difference. With traditional bonds, a borrower receives funds from investors in exchange for a document called a bond. The issuer of the bond, (the borrower) has a contractual… Continue Reading
Zenith Bank is Nigeria’s largest bank by Tier 1 capital and 7th in Africa according to the Bankers’ magazine ranking in 2016. My question is simple….how did First Bank allow “upstarts” like Zenith Bank, GT Bank and Access Bank get… Continue Reading
The 2016 budget expired this weekend of May 7th 2017, Nigeria is now without a Federal budget. A year ago, in May 6th 2016 to be specific, the Minister of Budget and National Planning, Udoma Udoma was speaking about… Continue Reading
1. Let us be clear, in economics…there is no free lunch 2. Central Bank of Nigeria (CBN) can make N1 to become $1 in three months….how? 3. They fund the Interbank market with $500m daily… $1 will be N1 by… Continue Reading
This is the economic effect of high “risk free” interest rates….. GT Bank is reportedly reduced its loan book, why? high default rates on loans. So how will the bank make money? it will invest in FGN sovereign instruments that… Continue Reading
