Global Uncertainty – Is This The New Economic Order? – LBS Executive Breakfast Session (August 2019)

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Owo Arugbo: Ekiti Begins N20,000 Payment To The Elderly As Monthly Stipend For Social Security Scheme

Ekiti State Governor, Dr Kayode Fayemi on Wednesday re-launched the social security Scheme for elderly citizens in the state with,...

PZ Cussons commences entries for Cussons Baby Moments’ 6th season

PZ Cussons has announced the commencement of entries of the 6th season of its eponymous baby competition in Nigeria tagged...
- Advertisement -
- Advertisement -

The new ministers will be allocated their portfolios on August 21. The economic management team will have its work cut out, even though the fiscal team is appearing relatively powerless. The amendment of the AMCON Act that now allows a deputy governor of the CBN to act as chairman of AMCON will serve to weaken AMCON as an institution as it approaches its sunset clause.

Political insecurity is taking a massive toll on businesses. Logistics, insurance premiums and the losses due to disruption are major bottlenecks. The IMF has revised Nigeria’s growth upwards to 2.3% due to oil revenue elasticity on sectors that include manufacturing and trade.

The price of oil slumped today to $58.67pb on the news that global oil demand is slowing sharply. The IEA confirmed that sluggish oil demand growth since January 2019 has forced it to lower its full-year growth estimates by 100,000bpd to 1.1mbpd.

Nigeria’s gross external reserves are beginning to drip, now below $45bn and will go further. The naira will hold firm in spite of excess liquidity but is likely to succumb in Q4 as the impact of increased spending takes its toll.

In this edition of the LBS Breakfast Session, Bismarck Rewane and the FDC Think Tank address these economic and political issues and their impact on your business, portfolio and strategy.

Download The LBS Executive Breakfast Session – August 2019 full report

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Ensurity Technologies joins the Microsoft Intelligent Security Association

HYDERABAD, INDIA - Media OutReach - 17 October 2019 - Ensurity Technologies, Hyderabad, India-based cybersecurity company, is pleased to announce that it has joined the...

Hospitality Disruptor Generator Acquires Freehand Hotels In Its Quest to Dominate the Experience Economy in U.S. Market

London-based Queensgate Investments finalizes $400 million purchase of Freehand Hotels from a seller consortium including The Yucaipa Companies and Sydell Group, drastically expanding Generator’s...

Sunlight Real Estate Investment Trust ("Sunlight REIT") Operational Statistics for the Quarter Ended 30 September 2019

HONG KONG, CHINA - Media OutReach - 17 October 2019 - Henderson Sunlight Asset Management Limited (the " Manager"), as manager of Sunlight Real Estate Investment Trust...

“Best Global Brands 2019” – Mercedes-Benz is once again the world’s most valuable luxury car brand

Mercedes-Benz further increased its brand value and is once again the world's most valuable luxury automotive brand. In the latest "Best Global Brands 2019"...

More Articles Like This