How derivatives will boost Nigeria’s economy –Yinka Edu

Photo: Yinka Edu

The Capital Market Solicitors Association (CMSA) on Wednesday said that the adoption of trading in derivatives remained a critical tool in the revival of the nation’s economy through agriculture.

Mrs Yinka Edu, the association’s chairperson, told the News Agency of Nigeria on the sideline of Nigerian Structured Products Summit, themed: “Derivatives and Other Financial Instruments,’’ in Lagos.

Food Prices Push Headline Inflation Northwards

The National Bureau of Statistics (NBS) released the inflation report for January 2017 during the week with Headline Inflation trending further northwards, although prices grew slower Month-on-Month (M-o-M). The Consumer Price Index (CPI) rose 18.7% Y-o-Y in January (in line with Afrinvest’s projection), 17bps higher than 18.6% recorded in December 2016 largely due to pressures from the uptrend in food prices. On a M-o-M basis, increase in price levels slowed to 1.0% from 1.1% in December 2016.

Nigeria Signals Normality by Putting Buhari's Deputy in Charge

Nigeria's deputy leader is making wide use of powers granted by President Muhammadu Buhari, who is on extended sick leave abroad, as the country seeks to avoid a debilitating power vacuum while it confronts its first recession in 25 years, Reuters reports.

The West African oil-producing nation was gripped by instability in 2010 when then President Umaru Yar'Adua spent three months in a Saudi hospital while his aides shrouded his illness in secrecy. His deputy Goodluck Jonathan only took over after he died in the midst of a constitutional crisis.

Nigeria’s Eurobond Success: Bright Spot to Slower Capital Importation

The National Bureau of Statistics (NBS) recently published Q4:2016 capital importation report. The Bureau estimated total value of capital imported into Nigeria in the period to be US$1.5m, implying  15.0% and 0.5% decline Q-o-Q and Y-o-Y respectively. The slowdown in capital importation in the last quarter was as a result of the decline in portfolio investments (FPIs) which counteracted the impact of the increase in Foreign Direct Investments (FDIs) and other investments.

Nigeria's Woes won't Deter Investors from buying Dollar Bonds

Investors are lining up to buy dollar bonds Nigeria is expected to issue soon despite the country's first recession in a quarter of a century, a currency crisis and budget shortfalls driven by low oil prices.

On the face of it, the $1 billion of bonds Nigeria hopes to sell by the end of March might seem unattractive, especially at a time sentiment towards African debt has soured after Mozambique missed a coupon payment.

Economic Outlook: Reform or Be Relegated

Against expectations of stronger growth in 2016, the performance of the global economy and financial markets was driven by the resonating effects of increased uncertainties which persisted throughout the year. In the domestic economy, weak fiscal response, oil production volume shocks and an incoherent monetary policy stance - which resulted in a currency market crisis - pushed the economy into a recession and damaged investor sentiment.

Pre-MPC Note: Time to Ponder and Adjust

The Monetary Policy Committee will be holding its first meeting in 2017 next week Monday (Jan 23rd) and Tuesday (Jan 24th). The MPC meeting is coming against the backdrop of tightening external market for trade and capital, underlined by the US Fed hike in interest rate in December 2016 (and rise in fixed income yields) which we believe will subdue capital flows into Emerging Markets and Developing Countries in 2017, whilst the uncertainties surrounding the implementation of BREXIT remains a concern.

Disorganised? Chaotic? This is why you should Relax & Embrace your Inefficiency

Do terms like ‘time management,’ ‘productivity,’ or ‘efficiency’ dictate your hectic 21st-century life?

In today’s modern world, the need for optimum efficiency has been championed both at work and at home, backed up by a multitude of apps, articles, books, talks and self-appointed gurus that all pay homage to living life in its neatest, most efficient form.

But what if all that buzz about efficiency was actually, after all that, making us less efficient?

How France can help Africa more

President Muhammadu Buhari has said that the partnership between the African continent and France has yielded fruits in so many positive ways but that France can do more to help Africa overcome its challenges.

In a statement issued at the 27th Africa-France Summit for Partnership, Peace and Emergence taking place in Bamako, Mali, President Buhari said: "Notably, France has been playing important roles in the areas of development as well as peace and security on the African continent.