Nestle vs Unilever: Herding consumer confidence

Consumables in Nigerian homes would scarcely be complete without counting an item or two from Unilever Nigeria Plc. and Nestle Nigeria Plc. Although both are classified under the consumer goods sector, Unilever Nigeria is particularly streamlined towards personal and household products while Nestle Nigeria is into the diversified food products segments. An analysis of the […]

Employees who use social media for work are more engaged, but more likely to leave their jobs

Social media can be a powerful communication tool for employees, helping them to collaborate, share ideas and solve problems. Research has shown that 82 percent of employees think that social media can improve work relationships and 60% believe social media support decision-making processes. These beliefs contribute to a majority of workers connecting with colleagues on social media, even during work […]

Digitization of money and finance: Challenges and opportunities

Speech for Atlanta Federal Reserve Bank Conference by Tao Zhang IMF Deputy Managing Director Introduction I would like to express my appreciation to the Federal Reserve Bank of Atlanta for the invitation to speak on the issues facing central banks and regulatory authorities in this era of technological advances in the field of finance. The global […]

Dangote Group: A vote for boardroom gender empowerment

Any news emanation from the Dangote Group, which houses Nigeria’s most capitalised company on the Nigerian Stock Exchange, Dangote Cement Plc, is always one to be received with keen interest. After all, it is the company controlled by Africa’s richest man, Aliko Dangote. So, what’s it about Dangote, boardroom, and gender? Take a little ground […]

Buhari and Trump: A chance to reset Nigeria’s relationship with the US

Nigeria's president Muhammadu Buhari

By David E Kiwuwa Nigerian President Muhammadu Buhari is scheduled to meet Donald Trump in Washington. Michael Reynolds/EPA Nigerian President Muhammadu Buhari is scheduled to meet US President Donald Trump next week. His visit comes less than four months since Trump made the comment about “shithole” countries in Africa. Trump’s comments were followed by a […]

What Buhari and Trump stand to gain from state visit

By Stephen Onyeiwu Nigerian President Muhammadu Buhari’s visit to the Obama White House three years ago was ecstatic. By contrast, his visit this week to the Trump White House will be awkward. This time around, his host is a president who has referred to African states as “shithole countries” and remarked that Nigerians would never […]

Domestic equities market outlook bullish on bouts of bargain hunting

Stock

Though performance at the local bourse was bearish last week with the benchmark All Share Index (ASI) shedding 0.3 percent week-on-week (w-o-w) to settle at 40,814.89 points, analysts see bouts of bargain hunting returning the market to a bullish run. The market, which had been in a correction mode since the beginning of March, had […]

Downstream petroleum to deregulate or not to deregulate

Out of all the refined petroleum products, petrol is the only product not deregulated in the Nigerian market and the reason for this is fairly obvious to all Nigerians. It is regarded as the lifeline of the Nigerian economy and has an immediate effect on all parts of the economy. Rumours of shortage of petrol […]

Agriculture, Africa’s link to global value chain

Audu Ogbeh, Nigeria's Minister of Agriculture and Rural Development; and other government officials on an agricultural tour.

The world will be better off when Africa takes its true place in the global economy. In that bid, Africa must unlock the hidden potential in agriculture to jumpstart a robust industrial development. Economists of renown, in time and space, have established a consensus that industrial and agricultural developments are not alternatives, but are rather […]