Nigeria officially in recession

An enlightening synopsis of the Nigerian economy by Chidi Ileka, Head Transaction Banking, Union Bank of Nigeria Plc. Yesterday, the National Bureau of Statistics (NBS) released the Q2 GDP growth rate and July 2016 inflation. The second consecutive quarter of negative GDP growth shows Nigeria is officially in a recession. ...

Read More »

CBN’s big stick and the Naira

CBN

The Central Bank of Nigeria (CBN) wielded the big stick on Tuesday August 23, 2016 by suspending nine banks from the foreign exchange (forex) market for their failure to remit a total of $2.334 billion Nigerian National Petroleum Corporation (NNPC)/Nigerian Liquefied Natural Gas (NLNG) Company dollar deposits to the Federal Government’s ...

Read More »

Nigeria’s economy and way forward

Nigeria

An interesting read… Enjoy the thought provoking paper delivered by Chief M. K. Ajayi JP. (FNIM, FCIS, FCIDA, FICA, ACIPM) General Manager, Western Ports, Nigerian Ports Authority at the induction of new members of the Institute of Credit Administration on August 20, 2016 at Westwood Hotel, Ikoyi, Lagos. NIGERIA’S ECONOMY ...

Read More »

Forex crisis and Hezbollah rockets

Forex

You wonder what correlation there is between foreign exchange (forex) and Hezbollah rockets? …I’ll tell you a tale. A few days ago, I was in a business discussion with the Trade Manager of a manufacturing Company in Ikeja, Lagos. A fine Gentleman from Myanmar, given to dramatics, Jack would usually ...

Read More »

YALI Network Abuja’s Interactive Session

Yali

Young African Leaders Initiative (YALI) Network Abuja’s #YALIMEETS Interactive Session.   Saturday 16th July was a day that underlined the willingness of Nigerian youths to appropriate their sentiments with actions. The YALI Network which is a signature effort of the U.S government to help harness the next generation of African ...

Read More »

Be strong and very courageous

Courage

“Only be thou strong and very courageous…” Joshua 1:7 As I thought of the challenges in our world today and the fact that many are discouraged and afraid of what the future holds, I recalled this timeless instruction delivered to a man that was faced with a formidable task. God ...

Read More »

CBN and the flexible exchange rate system

Exchange Rate

After several months of grappling with the dwindling fortunes of the naira, the Central Bank of Nigeria (CBN) finally liberalised the foreign exchange (FX) market by the re-introduction of the flexible exchange rate inter-bank market. The move, which the CBN Governor stressed, is in line with the bank’s objectives of; ...

Read More »

Da Music thrills in “Follow Follow”

Follow Follow

The sensational Afro Gospel Artiste; Da Music thrills in “Follow Follow”, another compelling Pidgin English delivery. If you love creativity, then you’ll definitely enjoy “Follow Follow” and maybe will even be drawn to dance along. Dubbed “I Sabi who I be” after his dynamic debut single, Dennis Da Music has ...

Read More »

Dynamic Video by JoePraize: Unchangeable

Unchangeable

I bring to you “Unchangeable”, an impressive Music Video by the Prince of Praise; JoePraize. The ever enthusiastic Gospel Artiste, featured here at the release of his album; Most High, has further proven his versatility by the creative delivery in the work. The video Unchangeable, directed by Lawrence Omo-Iyare was ...

Read More »

Laureche sparkles in Miracle Worship Concert

Miracle worship

Miracle Worship Concert with Laureche was everything it was orchestrated to be, by the Spirit. The event, which held at the Oasis Center in Port-Harcourt on the 28th of March, 2016 was a rich time of fellowship in God’s awesome presence. The heavenly experience left an indelible mark on all ...

Read More »