September 28, 2022
  • September 28, 2022

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Get more convictions to tame corruption

by on March 4, 2022 0
The recent sentencing of a former Minister of Water Resources, Sarah Reng Ochekpe, along with two others, was a milestone in Nigeria’s fight against corruption. Their conviction on the two counts against them was secured on February 22, 2022 by the Gombe Zone Command of the Economic and Financial Crimes Commission (EFCC). The other... Read More

ADVERTORIAL: MC Systems Harnesses the Best Technologies for Business in 2022 | Business

by on February 16, 2022 0
ADVERTISING: MC SYSTEMS In 2021, business was characterized by a continuous overhaul of ways of working, as the world transformed to embrace life with COVID-19. This shift has catalyzed digital transformation across all verticals as leaders rely more on virtual space to maintain profitability while protecting work teams and contributing to the stability of... Read More

US Inflation Likely About to Rise Again: Eco Week

by on February 5, 2022 0
Breadcrumb Links PMN Company Author of the article: Bloomberg News Vince Golle Content of the article (Bloomberg) – Inflationary pressures in the United States continued to build at the start of the year, data should show, likely putting a Federal Reserve interest rate hike next month on autopilot . The consumer price index likely... Read More

January 2002: Greece enters the euro zone

by on January 5, 2022 0
The European Parliament commemorates the 20th anniversary of the euro. Credit / Wikimedia Commons It has been twenty years since Greece joined the euro zone, an anniversary that has been overshadowed by the spread of the omicron COVID-19 variant. 20 years ago this month, Prime Minister Costas Simitis went to an ATM and removed... Read More

Risks to growth require a “light” policy on inflation

by on January 5, 2022 0
The global economic shutdown we experienced in mid-2020 was unique in recent history for its ability to disrupt the flow of goods, services and labor around the world. Since then, regionalised shutdowns in response to the resurgence of Covid-19 infections have been implemented periodically, often with very little warning. Global supply chains have been... Read More

US economy rejoices off season

by on December 16, 2021 0
November is usually a time for home builders and manufacturers to unwind. But not this year. The Commerce Department announced Thursday that construction began last month on 1.68 million seasonally adjusted homes at an annual rate. That was well over the 1.57 million wanted economists and was up 11.8% from the previous month. Single-family... Read More

US Must Review Criminal Sanctions Policy Amid Afghan Financial Crisis

by on December 14, 2021 0
The widely recognized illegitimacy of the Taliban regime, due to its involvement in terrorism and human rights abuses, has cast uncertainty on Afghanistan’s macroeconomic tracks. The country’s economy is estimated to have contracted by 40% since the Taliban took control in August. This had substantial negative implications on basic services, financial systems and markets,... Read More

Monetary policy can help economic recovery | Business

by on December 12, 2021 0
Emerging Markets The tools of monetary policy can be classified into interest rate policy, reserve policy, lending operations, asset purchase programs and foreign exchange intervention. The central objective of central bank monetary policy in emerging markets is to ease financial conditions to allow credit to reach struggling firms, rather than boost aggregate demand. Without... Read More

Column: Unwanted bond jolt marks streak in strangely peaceful year: Mike Dolan

by on December 3, 2021 0
LONDON, December 3 (Reuters) – If the broader financial volatility is finally unblocked, the most fortunate assets could wake up from their slumber. For most of the 20 months since the pandemic, financial assets have been bolstered by waves of government and central bank interventions designed to protect workers and businesses as authorities halt... Read More

Nigerian currency in circulation hits a record high of 2.97 trillion naira for October 2021 – Nairametrics

by on December 1, 2021 0
Total currency in circulation in Nigeria reached a record high of 2.97 trillion naira in October 2021, data from the central bank’s monetary and credit statistics show. Currency in circulation is the total amount of physical cash represented in paper or coins used to conduct transactions in Nigeria. It also represents the money that... Read More

October inflation in the US and China featured in the coming week

by on November 7, 2021 0
The cycle of major central bank meetings is over. Anglo-American central banks and Norway lead high-income countries in adjusting monetary policy. Meanwhile, the pandemic continues to cause scars and flare-ups are spreading economic and social disruption in some major countries, including China and Russia. Parts of Europe are experiencing another wave, including Ireland, the... Read More

External loans: winners and losers

by on October 17, 2021 0
Sheriffdeen Tella Posted October 18, 2021 Global debt issues will remain at the forefront of economic discussions as long as there are lenders and borrowers as individuals or as nations. Private debtors committed suicide when it became evident that it would be impossible to repay the debt; some fled and changed identities while others... Read More

Economists recommend additional support for MSMEs

by on October 7, 2021 0
Economists recommend additional support for MSMEs New Delhi, October 7 (KNN) According to key economists who worked on the FICCI Economic Outlook Survey, they felt that continued support remains particularly critical for MSMEs and the informal sector. Changing MSME classification standards for NPAs, reducing cash margins, changing personal collateral requirements will go a long... Read More

At 61, Nigeria remains a sleeping giant

by on October 3, 2021 0
CICERO / Problem As Nigeria celebrates 61 years of self-government, Ademola Orunbon writes that the country is still far from realizing its greatness As Nigerians marked the 61st anniversary of their beloved country’s independence last Friday, it was evident that the myriad of troubling socio-economic and security challenges made it increasingly difficult for the... Read More

Fitch Ratings Confirms FCMB IDR at “B-” with a Positive Outlook – Nairametrics

by on October 2, 2021 0
Fitch Ratings has confirmed First City Monument Bank’s (FCMB) Long-Term Issuer Default (IDR) rating at ‘B- with a stable outlook. This is indicated in the report published Thursday by Fitch Ratings on its website. According to the rating commentary, the national long-term rating has been upgraded from “BBB + (nga)” to “BBB (nga)” in... Read More

Lights up … don’t worry, Bitcoin adoption won’t be stopped – Cointelegraph Magazine

by on September 30, 2021 0
In a series of recent interviews and speeches, the chairman of the United States Securities and Exchange Commission, Gary Gensler, has called the cryptocurrency market “Wild West” due to its unregulated and supposedly crowded atmosphere. fraud, predicting that the pieces were doomed. Lights up … is a monthly opinion column by Marc Powers, who... Read More

NChain article on ‘electronic reimbursement via retail CBDC’ offers new monetary policy tool

by on September 29, 2021 0
A recently published paper, authored by an nChain researcher, looks at a new monetary policy tool activated by a retail central bank digital currency (CBDC): sector-specific cash payments on private consumption spending . The paper examines how electronic cashback and different cashback rates can improve the economic toolkit as a way for central banks... Read More

Appreciation, not guillotine for Emefiele

by on September 20, 2021 0
PERSPECTIVE Louis achi For a nascent dollar-denominated, consumer-driven and almost exclusively oil-financed economy as well as a poorly understood role of central banks around the world, resorting to the attack on the sincere intentions of the governor of the Central Bank of Nigeria (CBN) seems a fair game logic. But a more rigorous and... Read More

Rupee stable against dollar next week

by on September 19, 2021 0
KARACHI: The rupee is expected to trade within the existing range next week amid a match between dollar supply and demand, while the central bank’s monetary position will also be taken into account, analysts said. The rupee has seen some very volatile movements this week and hit an all-time low of 169.12 on Wednesday.... Read More

Recovering and conical nerves persist

by on September 9, 2021 0
Wall Street dipped slightly overnight, with markets swinging between worries about the U.S. recovery after a pessimistic Fed Beige Book and waning nerves after New York Fed Chairman Williams said the reduction could occur sooner rather than later. William’s comments were backed up by a monster 10.924 million JOLTS Jobs Openings post suggesting that... Read More

Circle CEO: USDC Stablecoin Too Big To Ignore

by on September 2, 2021 0
Stable coins are proliferating – with perhaps some competition and coexistence with central bank digital currencies (CBDCs). To that end, Circle CEO Jeremy Allaire told Karen Webster that just as digital offerings themselves have evolved and gained in value, the supervisory relationships that regulators will establish with stablecoins issuers will evolve. also along the... Read More

Blockchain Technology Will Increase Nigeria’s GDP By $ 29 Billion

by on July 14, 2021 0
By Collins Nweze Little research by Enhancing Financial Innovation & Access (EFInA) has shown that blockchain technology can add $ 29 billion to Nigeria’s gross domestic product (GDP) by 2030 and promote financial inclusion. The report, titled “Blockchain Potential for Financial Inclusion in Nigeria,” describes the potential of blockchain to boost financial inclusion and... Read More

Industry: Struggling with a gradual rebound

by on July 5, 2021 0
The economy is gradually on the road to recovery, after the debilitating effects of limited economic activities forced by the COVID-19 pandemic and falling oil prices. However, the manufacturing sector, which is a major yardstick for assessing the health of the economy, is still struggling, requiring urgent policy measures to revitalize it. Assistant editor... Read More

China quietly steps up market interventions

by on June 19, 2021 0
China is resorting to increasingly aggressive measures to contain risks to the financial system, measures that threaten to undermine President Xi Jinping’s commitment to give more freedom to markets. In recent weeks, authorities have ordered state-owned enterprises to reduce their exposure to commodities abroad, forced domestic banks to hold more foreign currency, considered a... Read More

Are our foreign exchange reserves sufficient?

by on June 18, 2021 0
The growing foreign exchange jackpot has created an abundance problem for the Reserve Bank of India. It attracts unwanted attention, as well as calls for the use of reserves to finance infrastructure spending, capitalize public banks and better management of assets on reserves. The RBI’s latest monthly bulletin attempted to bring the discussion to... Read More

Is Wirex Safe, Legitimate, and Available in the United States? Answers to 6 questions about the cryptocurrency payment platform

by on June 16, 2021 0
Cryptocurrency has become very popular and is now more accepted as an alternative payment method by many merchants and consumers. It has grown so much that in 2020 alone there have been more than 5,500 cryptocurrencies, with experts saying its market value is expected to reach $ 1,758 million by 2027. If you have... Read More

Rupee under pressure from high crude prices; strong macro, RBI intervention can help stop the slide

by on June 16, 2021 0
The latest inflation figures may have surprised currency watchers, but pundits remain optimistic that the Indian currency will remain proficient against the US dollar. However, the rupee is expected to remain under pressure from rising crude oil prices amid a sharp decline in the US dollar and REIT outflows in June. Experts believe that... Read More

Inflation in India, US key rate

by on June 13, 2021 0
Every Monday, Mint’s Plain Facts section features five key data posts to watch for during the week. Indian inflation figures for May will be released on Monday. The US Fed meeting and the interest rate decisions of Brazil and Japan will set the tone for global markets. Data on the production of Chinese factories... Read More

The Central Bank and Climate Change Mitigation, By Ehireme Uddin

by on June 9, 2021 0
Unlike advanced economies where central bank mandates are aimed at ensuring price stability, developing economies tend to have a broader mandate, including supporting the government’s economic policy agenda and its development efforts. Thus, they have more latitude to fight against climate change as it directly affects and interferes with their development efforts. As part... Read More

Middle East Newsletter: Turkish Lira at a Crossroads (TRY: USD)

by on June 6, 2021 0
Turkish President Recep Erdogan. Photographer: Murat Cetinmuhurdar / Agence Anadolu / Getty Images Latest news from Turkish President Recep Tayyip Erdogan the monetary policy intervention pushed the lira to new all-time lows against the US dollar, putting the currency on a dangerous path. Erdogan’s announcement that it is “imperative” that Turkey start cutting interest... Read More

Indian Foreign Currency Reserves Will Help Global Fallout From Tide, RBI Says

by on June 4, 2021 0
By all indications, India’s foreign exchange reserves have exceeded $ 600 billion, said central bank chief Shaktikanta Das, a huge buffer that will help protect Asia’s third-largest economy from global fallout and volatile external flows. Earlier this year, the country’s foreign exchange reserves briefly overtaken that of Russia to become the fourth The Reserve... Read More

CBN Funding Interventions Support GDP Figures

by on May 30, 2021 0
Godwin Emefiele, Governor of the CBN. … Ready to face stagflation By Emeka Anaeto, Business Writer The Central Bank of Nigeria, CBN, is expected to support positive developments in Nigerian economic growth amid threats of stagflation. CBN Governor Godwin Emefiele, who gave the hint at the last meeting of the umbrella bank’s Monetary Policy... Read More

BoE warns bank loan reserves may stifle corporate finance

by on March 23, 2021 0
The Bank of England has warned UK lenders against posting huge charges on soured loans, fearing it will limit their ability to support struggling businesses. Representatives from the BoE’s Prudential Regulation Authority spoke to senior bank executives over the past week to advise them not to ‘kitchen sink’ in the first quarter of the... Read More