Oil’s historical 17-year low puts Nigeria under the spotlight
Lukmnan Otunuga
April 1, 2020
Fears over Nigeria descending into a recession have intensified after US crude tested levels below $20 for the first time in more than 17 years. The last few months have certainly not been kind to Oil which has depreciated over 65% since the start of 2020. With Oil expected to trend lower amid widespread lockdowns across the […]
How is the Coronavirus impacting Nigeria’s economy?
Lukmnan OtunugaApril 1, 2020
On March 26, Nigeria joined many other nations banning flights into the country and urging shelter-in-place, social isolation practices amid the coronavirus COVID-19 pandemic. President Buhari approved a 10-billion-naira grant to the epicentre Lagos to fight the outbreak in the region and a five-billion-Naira grant to support the Nigeria Centre for Disease Control. Exports of […]
Covid-19: Trigger for Nigeria’s economic diversification?
Marcel OkekeMarch 31, 2020
One of the likely ‘gains’ of the Coronavirus (Covid-19) pandemic that has been ravaging the world since the dawn of 2020 is the expectation that the plague might drive a country like Nigeria into effective diversification of its economy. This expectation is essetially hinged on the fact that the emergence of the disease has led […]
COVID-19: A game changer in the microfinance subsector
Adolphus AletorMarch 30, 2020
When I thought of documenting my ideas on how the current pandemic would affect how we do business in the microfinance subsector, I initially thought it was too early as we were yet to even enter the woods talk less of being out. However, when I heard of the miracle recovery of the Chinese economy […]
Raising information security awareness during covid-19 pandemic
Michael IreneMarch 30, 2020
Costin Raiu, head of global research and analysis at Kaspersky, claimed that there has been an upsurge by hackers to profit from the recent Covid-19 pandemic. He says “I have never seen anything like this” as hackers are creating various websites named specifically to carry the Covid-19 pandemic theme to attract victims. These are dire […]
GRC, cybersecurity intersection for curbing cybercrimes menace
Emmanuel Moore ABOLOMarch 30, 2020
The word cyber and its relative dot.com are probably the most frequently used lexica of the modern era. In the information age, the rapid development of computers, telecommunications and other technologies has led to the progression of new forms of trans-national crimes known as “cybercrimes”. Cybercrimes have virtually no boundaries and may affect every country […]
Coronavirus Infographic: bigger impact on the stock market than Spanish flu with 50 million deaths
Businessam StaffMarch 25, 2020
By Raphael Lulay, analyst at Germany’s Kryptoszene Although the Spanish flu caused around 50 million deaths in 1918, the Dow Jones index decreased by only 14.3%. Since the beginning of the decline on February 17, 2020 that resulted from the coronavirus outbreak, the US index has fallen by 34.5%, according to an infographic by […]
Will the Central Bank of Nigeria pull the rate cut trigger?
Lukmnan OtunugaMarch 24, 2020
As the coronavirus outbreak creates shockwaves across the globe, central banks and governments are enforcing emergency measures to defend their respective economies. It was only last week that the Central Bank of Nigeria (CBN) technically devalued the Naira at the Investors and Exporters (I&E) windows of the nation’s foreign exchange markets. While this move may […]
Microfinancing and COVID – 19
Adolphus AletorMarch 23, 2020
In this period of Pandemic, I feel obligated to take a break from the usual series on this column to talk about the effect of this novel virus, COVID -19 on the business that we do – microfinancing. Investors or prospective investors in the industry should firstly be aware that COVID-19 is not just a […]
Rethinking GRC ecosystem in a digital world
Emmanuel Moore ABOLOMarch 16, 2020
There is this popular slogan that is very close to my heart: Think tomorrow; Reinvent your business today. Succeeding today, requires transmuting your business by radically rethinking how you deploy technology, people and processes to create value in more effective ways. For many, the digital age is simply the industrial era ‘amped up’ on tech […]