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Olugbemi. Adeyinka Ogunleye
4 weeks ago
Overview
Economy, Business and Finance in 60secs
Markets this Week – Nigeria’s Ministry of Finance Incorporated (MOFI) launched its N250bn Real Estate Fund long-term mortgages on Tuesday, December 31, 2024, to boost affordable housing, job creation, and economic growth in Nigeria. Source Proshare Read More
NGX delists Flour Mills of Nigeria from Daily Official List after December 16 suspension - The Nigerian Exchange has informed investors and the public that the entire issued share capital of Flour Mills of Nigeria has been delisted from the Daily Official List of the NGX. Source Nairametrics Read More
ECONOMY
Where the next financial crisis could emerge - The recent growth of private markets has been a phenomenon. Indeed, private funds, which include venture capital, private equity, private debt, infrastructure, commodities and real estate, now dominate financial activity. Source FT Read More
NICA Applauds FG, Says National Credit Guarantee Company To Boost Economic Growth - National Institute of Credit Administration (NICA) has applauded the federal government’s plan to establish the National Credit Guarantee Company (NCGC) by the end of the second quarter of this year. Source Leadership Read More
Canada PM Trudeau is likely to announce resignation, source says - Canadian Prime Minister Justin Trudeau is increasingly likely to announce he intends to step down, though he has not made a final decision, a source familiar with Trudeau's thinking said on Sunday. The source spoke to Reuters after the Globe and Mail reported that Trudeau was expected to announce as early as Monday that he would quit as leader of Canada's ruling Liberal Party after nine years in office. Source Reuters Read More
Inflation, low productivity major economic threats – NESG - The Chairman of the Nigerian Economic Summit Group, Niyi Yusuf, has advocated for urgent sectoral reforms as Nigeria faces a tough road ahead. He pointed out that inflation, high interest rates, and sluggish sector growth continue to challenge economic stability and might linger this year if not adequately tackled. Source Punch Read More
Onion farmers blame flooding, climate change for price hike - The Onion Producers, Processors, and Marketers Association of Nigeria has attributed the surge in onion prices and scarcity across the country to flooding and climate change. Source Punch Read More
Visa-free access: An opportunity for Nigeria to take the lead in Africa - As Africa’s largest economy and most populous nation, Nigeria possesses the potential to steer the continent towards unity, shared prosperity, and sustainable growth. Yet, this leadership role remains underutilised, partly due to restrictive policies on the free movement of African citizens. Source TheCable Read More
REGULATORS
25 new oil blocks will boost government revenue, generate employment — Komolafe - The Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, who recently unveiled winners of 25 oil blocks in Nigeria at the conclusion of a licensing round commercial bid conference in Lagos explained the next steps for the winners of the new oil blocks. Source Daily Trust Read More
BUSINESS
Maritime industry faces challenges of corruption, inefficiency, inadequate infrastructure – Report - The Federal Government has been urged to implement reforms that would enhance the efficiency and competitiveness of Nigerian ports, as this is critical to improving the industry’s global ranking. Source Guardian Read More
A look Ahead to 2025 in Oil - At this time of year, most people take stock of the year just gone and look forward to the year to come. For traders and active investors, that isn’t just a matter of P & L. It is also a time to look at what you got right and, more importantly in many ways, what you got wrong. Source Oilprice Read More
TECHNOLOGY
Microsoft plans to invest $80 billion on AI-enabled data centers in fiscal 2025 - Microsoft (MSFT.O), opens new tab is planning to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company said in a blog post on Friday. Source Reuters Read More
Tariff hike: Telecom operators propose 100% increase - Nigeria telecommunications operators have proposed a 100 per cent tariff hike on voice, data, and digital offerings to the Nigerian Communications Commission (NCC). Source TechNext Read More
