Naira, PMI’s and Inflation in focus
Lukman Otunuga
February 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 […]
Non-existence of data privacy framework in Nigerian schools
Michael IreneFebruary 1, 2021
Less than one per cent of Nigerian schools are compliant with the Nigerian Data Protection Regulation (NDPR). Yet, many schools manage sensitive personal information and personal information of students and employees daily. This disregard for fundamental human rights is worrying. You probably are thinking that Nigerian private schools take data privacy seriously, but you are […]
Misconstruing Data Protection Officer function within organisations
Michael IreneJanuary 25, 2021
When Funke opened a bank account with this new Nigerian digital bank, she had no idea that what lay ahead would undo her emotionally and financially. The bank’s marketing fluff had caught her some months ago, the founder’s entrepreneurial vivacity thrilled her, and she decided to open an account with the bank. Funke […]
CBN meeting and NSE in focus
Lukman OtunugaJanuary 18, 2021
By Lukman Otunuga, Senior Research Analyst at FXTM Nigerian stocks struggled for direction last Tuesday as investors adopted a guarded approach ahead of the Central Bank of Nigeria’s interest rate decision this week. After claiming the title as the world’s best-performing stock market in 2020, equity bulls in Nigeria seem to be missing with […]