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

OPEC, Oil, Qatar

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 […]

Nigeria’s economic recovery poised to build momentum in Q2

By Lukman Otunuga Market optimism over the recovery of Africa’s largest economy has increased steadily throughout the first trading quarter of 2018. The combination of appreciating oil prices, foreign exchange stability and easing inflationary pressure has boosted confidence in Nigeria’s economy. With the nation’s GDP hitting 0.82 percent in 2017 and predicted to register a positive […]