Africa’s power distribution problems require modern, decentralized grid
Businessam Staff
September 29, 2019
By Anastasia Walsh Electrification is an on-going and foundational investment, and a necessary one to realize all modern-day development objectives. Despite bullish policies, the fact remains that over 640 million Africans lack access to electricity. The effect of this is apparent. It impedes economic growth; it inhibits the advancements of self-reliant local communities, and it […]
Trump’s impeachment move a distraction
Businessam StaffSeptember 26, 2019
By Hussein Sayed Investors were caught by surprise when the Speaker of the US House of Representatives Nancy Pelosi announced on Tuesday that she would initiate a formal impeachment inquiry against President Trump. The news led to a mild selloff in US equities with the S&P 500 ending the trading session 0.84% lower. It only […]
Winners and losers from surging oil prices
Businessam StaffSeptember 17, 2019
By Lukman Otunuga The explosive appreciation in oil prices could not have come at a more testing period for the global economy currently embroiled in trade wars, geopolitical risks and fears over decelerating economic growth. Oil bulls are clearly back in the picture after drone attacks on Saudi Arabia’s oil fields over the weekend wiped […]
Equity derivatives will signal Nigerian markets are moving to the next level
John KavvourasSeptember 10, 2019
By John Kavvouras, Director, GTI London Ltd. A recent IMF report highlighted the need for Nigeria to diversify its economy away from oil and gas. Thereport outlined deficiencies in the economic environment which “are dampening long-term foreign anddomestic investment and keeping the economy reliant on volatile oil prices and production”. The benefits of diversification […]
Post-merger synergies coming to fruition
CSL StockbrokersSeptember 10, 2019
By CSL Stockbrokers Access Bank recently released the first post-merger audited H1 2019 financial report for the combined entity following the merger with Diamond Bank. The results was broadly impressive as the Group recorded double-digit growth across major income lines whilst maintaining a robust balance sheet with total assets of the combined entity printing […]
CBN rate cut on the horizon as inflation slows to 12-month low
Businessam StaffAugust 16, 2019
By Lukman Otunuga, Senior Research Analyst, FXTM The latest inflation figures from the Nigerian economy are certainly good news for the Central Bank of Nigeria (CBN) and the economy as a whole. Inflation in Africa’s largest economy dropped to its lowest in a year at 11.1% last month as food prices and services reduced in […]
The threat that will send oil down to $10
Businessam StaffAugust 8, 2019
By Nick Cunningham of Oilprice.com Oil prices will need to trade at around $9 to $10 per barrel in the long run if gasoline [petrol] is going to be able to compete with electric vehicles and renewable energy. That startling conclusion comes from BNP Paribas, which warned in a new report that crude oil is […]
Cassava value chain analysis
Nextzon Research & Knowledge UnitJuly 31, 2019
CASSAVA, WITH ITS derivative products, is a very important crop that typically fits into the class of food security crops. This report examines the importance of cassava to the society, its origin, production, processing, local application, industrial application and exports. The Cassava value chain in Nigeria is dominated by smallholder farmers to cooperative society producers. […]
Nigeria rate cut coming as global monetary easing cycle gains momentum
Businessam StaffJuly 25, 2019
By Lukman Otunuga Unfavourable macroeconomic conditions across the globe have prompted major central banks to embark on a monetary easing cycle to counter a global slowdown. There is widespread speculation that the US Federal Reserve intends to trim interest rates in order to prevent an economic deceleration in the world’s largest economy. The global financial […]
Payment Service Banks: To Compete, Compliment or Collaborate?
Oluwafemi Ayanfe-OluyeJuly 15, 2019
By Oluwafemi Ayanfe-Oluye PAYMENT SERVICE BANKS (PSBs) are a new category of banks licensed by the Central Bank of Nigeriato drive financial inclusion by focusing on banking the unbanked and underbanked. With almost 40 million Nigerians unbanked and another 65 million underbanked, there lies a big opportunity to be harnessed by the PSBs. […]