Economics

CBN CASHLESS POLICY

CBN’s CASHLESS POLICY – OLADELE ABIGAIL

September 25, 2019

CBN’s CASHLESS POLICY. The Central Bank of Nigeria isn’t here to play this year We can say for sure, that it is functioning in terms of policy making.We are however, still concerned if the Government’s bank is actually for the people or against the people with its recent policies. The social media was buzzing last week, everyone was seen talking about the CBN’s new policy on ‘Cashless policy’. Many expressed their views, opinion and pains about the new policy. Although the policy was misinterpreted by most people.  The policy is aimed at creating a cashless society. In a simple term, a cash less society is a society where financial transactions are conducted without […]

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P&ID

P&ID VS NIGERIA; HOW DID WE GET HERE? – OLADELE ABIGAIL

September 13, 2019

P&ID vs NIGERIA; How did we get here?  The Federal government of Nigeria, through the Ministry of Petroleum signed an agreement with eight companies on an Accelerated Development Policy. One of the companies it signed this agreement with is the Process and Industrial Development company (P&ID), a limited liability company. According to the agreement, Nigeria was meant to supply natural (wet) gas […]

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NIGERIA SIGNS AFCTCA: IS FREE TRADE REALLY THE ANSWER?

August 4, 2019

NIGERIA SIGNS AFCTCA: IS FREE TRADE REALLY THE ANSWER? WRITTEN BY OLADELE ABIGAIL The Nigerian government recently signed the Africa’s free trade agreement (AFCTCA). The main aim of the trade agreement is to reformulate and redefine trade relations among African countries. That is, buying and selling among African countries will take place without the imposition […]

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REVIEW OF CBN’S FIVE YEAR THRUST POLICY – OLADELE ABIGAIL

July 3, 2019

Following the re-appointment of the Central bank of Nigeria (CBN) Governor by Muhammadu Buhari (GCFR) which was subjected to confirmation by the senate, the CBN for his 2019-2024 new term in office. He explicitly stated that his vision for the apex bank. President governor in person of Gov. Godwin Emefiele, CON presented his Monetary Policy […]

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credit crunch

CREDIT CRUNCH; CAUSES AND IT’S IMPACT ON THE NIGERIA ECONOMY – OLADELE ABIGAIL

May 11, 2019

Credit crunch, often regarded to as credit crises, is an economic situation where there is a reduction in the general availability of loans or credit. During this period, investment capital is hard to obtain as banks and investors become strict in lending out funds to individuals and business bodies. It’s an extension of the recession […]

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increase pump price

COMMODITY MARKET UPDATE: FEDERAL GOVERNMENT SET TO INCREASE PUMP PRICE – OLADELE ABIGAIL

April 23, 2019

COMMODITY MARKET UPDATE! FEDERAL GOVERNMENT SET TO INCREASE PUMP PRICE. Early last week, the information about the Federal government approving an increase in the pump price of Premium Petrol Spirit (PMS) popularly known as petrol was all round social media platforms. Individuals, firms are concerned if this is true or not. In the last quarter […]

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ACCESS BANK AND DIAMOND BANK MERGER

ACCESS BANK AND DIAMOND BANK MERGER – OLADELE ABIGAIL

April 11, 2019

ACCESS BANK AND DIAMOND BANK MERGER. Access bank is one of the largest financial service provider, owned by the Access Bank Group. It received its licence from the Central Bank of Nigeria in 1989 and was listed on the Nigeria Stock Exchange in 1992. Diamond bank which also provides banking and financial services was founded […]

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commodity market update

COMMODITY MARKET UPDATE; WHEAT – OLADELE ABIGAIL

April 3, 2019

COMMODITY MARKET UPDATE; WHEAT Our commodity focus for last week is wheat. Wheat is one of the world’s most commonly consumed cereal grain. It is grown in almost every part of the world. Global demand for wheat has been on the increase side. The Food and Agriculture Organization in 2016 claimed Wheat to be the […]

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minimum wage increment

MINIMUM WAGE INCREMENT; A RIGHT OR NOT? – OLADELE ABIGAIL

March 30, 2019

MINIMUM WAGE INCREMENT; A RIGHT OR NOT? – OLADELE ABIGAIL The agitation of an upward review of the minimum wage is no longer a news to anyone. Most individuals feel it is a lawful demand considering the skyrocketed prices of goods and services and increase in the exchange rate of naira to dollars. To an […]

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