Coronation MB analysts project sharp rates rise after Nigeria recession exit
Charles Abuede
February 25, 2021
By Charles Abuede Analysts at Coronation Merchant Bank are projecting market interest rates to move up sharply in a continuous way in 2021 following Nigeria’s recent exit from recession with a meagre 0.11 per cent year-on-year growth in the final three months of 2020, according to the GDP report published by the National Bureau […]
How NITDA can further foster data protection compliance in Nigeria
Chris IkosaFebruary 22, 2021
Data protection is a team sport, and in any team, various players align to achieve a singular goal. In business landscapes, different departmental functions work together to drive business goals. Therefore, in that light, to create a Nigerian business environment that respects data protection and treat data privacy as a business function and not […]
Do we need more start-ups in insurance?
Ekerete Olawoye Gam-IkonFebruary 16, 2021
By Ekerete Olawoye Gam-Ikon, MNIM, CPP Quite often, an industry or sector gets more attention because of the announcement of new things that happen there or new people that emerge from it. The more we hear and see such developments, the better we become in our relationships with the stakeholders in that industry or sector. […]
Naira, PMI’s and Inflation in focus
Lukman OtunugaFebruary 16, 2021
By Lukman Otunuga The past few weeks have not been kind to the Naira. Foreign exchange shortages, rising inflation, and lower oil prices offered nothing but pain to the emerging market currency. Losses were accelerated by demand for foreign exchange currency’s outweighing any additional inflows from exporters. According to Bloomberg, the Naira spot rate is […]
Technology and healthcare: Role of data privacy
Michael IreneFebruary 15, 2021
Dotun checks his phone, and an application informs him that he needs to take his required medication for that time. Hours later, the phone pings a reminder that his blood sugar level is low and shares information about what he needs to do. The medical app is an extension of Dotun’s existence. Without that particular […]
Bye-bye frenzy, back to the familiar
Han TanFebruary 8, 2021
By Han Tan, Market Analyst at FXTM Global markets are now revisiting a familiar script, with investors pushing broad asset classes higher on more signs pointing to the US economic recovery. Stock markets Stateside posted new record highs and the futures contracts are holding steady at the time of writing. The S&P 500 is boasting a year-to-date gain […]
Nigeria: Monetary policy still on a lead
Lukman OtunugaFebruary 8, 2021
By Lukman Otunuga Nigerian monetary policymakers face three main pressures this quarter: the ongoing COVID-19 pandemic and a pressing need for economic stimulus in addition to stagflation and a weakened Naira. Monetary policymakers are in a tough spot after COVID-19 claimed the economy as a victim of lockdowns and reduced activity. The central bank has […]
On Nigerian PIB and balancing stakeholders’ interests
CHIJIOKE NWAOZUZUFebruary 8, 2021
There is a fundamental interdependence between host countries and the international oil companies (IOCs) in the development of natural resources. The interests of these two parties differ much but mainly converge on resource production-sharing. Two other major stakeholders are the National Oil Companies (NOC’s) and the host communities, and traditionally these two stakeholders’ interests have […]
Thoughts on Facebook’s data privacy schemes
Michael IreneFebruary 8, 2021
Many people trust social media companies like Facebook, Instagram, Twitter, to mention those three despite opinion polls showing low public esteem for some of these companies regarding their data privacy methodologies. Focus here is on Facebook, their fight for what they call a “free” internet and the problem that arises. Let’s start with a caveat. […]
Investment income, claims and dividends
Ekerete OlawoyeFebruary 3, 2021
By Ekerete Olawoye Gam-Ikon, MNIM, CPP The best of insurance has since become so challenged that it would seem the industry is at its tethers when viewed from the traditional sources of its income, underwriting and investment. However, what beckons is the urgent need for innovative thinking and actions! Insurance, both as a product […]