Nigerian importers can save N25.3bn capital flight on CIF by going FOB, says Adebakin, CEO, FOB Global Logistics

August 26, 2019

Nigerian importers keep losing big to foreign trade partners under Cost, Insurance and Freight (CIF) terms. In fact, Nigerian importers paid $25.3 billion in freight to foreign shipping lines under the CIF regime between 2015 and 2017, according to statistics from the Nigerian Maritime Administration and Safety Agency (NIMASA). In this international trade web that […]

CBN’s 60% LDR is good but requires focal lending thrusts to grow economy – Nwoke

August 12, 2019

ROGERS NWOKE, a chartered banker and certified financial inclusion expert, has over the past 10 years served as the Managing Director, HASAL Microfinance Bank Limited. In this interview with TOLA AKINMUTIMI, the seasoned banker and current President of the National Association of Microfinance Banks (NAMB), speaks on sundry constraints hampering MFBs’ roles in the nation’s […]

Data hosting is next “oil money,” but it’s also Nigeria’s biggest security problem —Adamu Garba, CEO IPI Solutions Ltd

July 31, 2019

Data domiciliation and control is currently one of world’s biggest markets, but Nigeria is still nowhere to be found in what appears to be the biggest source of its capital flight. Adamu Garba, CEO of IPI Solutions Limited and owner of local hosting platform, TucanaNG, in this interview with SAMSON ECHENIM, speaks on his company’s […]

GDP is useless; oil money is useless, if they don’t impact people’s lives – Ijewere

July 8, 2019

EMMANUEL IJEWERE, one of Nigeria’s most eminent accountants and businessmen, has had wide ranging experience across banking, finance and agriculture. A past president of the Institute of Chartered Accountants of Nigeria (ICAN), the Institute of Directors (IOD), and the Nigerian Red Cross, he is the national coordinator of Nigeria Agribusiness Group (NAGB). He holds chairmanships […]

Nigeria’s a weak player in global commodities play, but investment bankers can drive growth by creating viable financial instruments

Phillip IsakpaJuly 1, 2019

Commodities trading is huge globally. For many years, Nigeria has been trying to create more organised and formalised commodities trading platforms for soft, wet and hard commodities, with emphasis on agricultural commodities. Such a system offers tremendious opportunities for individuals, groups and the economy. Last Thursday in Lagos, at the monthly business a.m./GTI Finance & […]

Hubmart’s part of 70% modern retail growth in Nigeria

Phillip IsakpaJune 17, 2019

Consolidates in 3-years, enters growth phase Targets 175 stores, 20 in Lagos, medium-long term Omole, Lagos store set to launch   Three years ago, last December, the Nigerian retail space was suddenly lit up by the bright orange colours of a new outlet by the name, Hubmart. From afar, and looking at the artistic presentation […]

Leasing industry needs better fiscal regime to grow, boost nation’s GDP – ELAN’s Emonuwa

June 10, 2019

ANDREW EMONUWA, Executive Secretary, Equipment Leasing Association of Nigeria (ELAN) in this interview with business a.m.’s TOLA AKINMUTIMI, speaks on the strategic roles equipment leasing is playing in the nation’s economy and how its contributions could be improved through appropriate policy measures, amongst other issues.   Sir, the leasing industry has been making modest contributions […]

Nigeria’s economy yet to fully recover from supply-side shock

May 8, 2019

Caused by weak foreign reserves, oil price collapse Slow recovery points to fundamental structural challenges Over the past few weeks, the issues of good governance, particularly how the passage of the 2019 Appropriation Bill into law could help in tackling the increasingly worrisome poverty problem in the country, have continued to enjoy public sector experts’ […]