How countries can avoid debt crisis and reduce budget deficit, by DMO DG
THE Debt Management Office (DMO) is assuming a greater role in assuring that the debt profile of the country does not exceed the country’s GDP. This means that the debt profile should always stay within a sustainable level. The...IFRS, transparency and the nation’s economy
THE importance of the International Financial Reporting Standard (IFRS) can never be over-estimated, as it is what can effectively make global convergence achievable. BUKKY OLAJIDE examines how the IFRS is gradually paving the way for a global...What to know about cheques and the likes
A CHEQUE or check is a document (usually a piece of paper) that orders a payment of money. The person writing the cheque, the drawer, usually has a chequing account where their money is deposited.
The drawer writes the various details including the...
Read more... The drawer writes the various details including the...
China and the emerging economic risks
A STOPPED clock is right twice a day. But it is of no use for telling the time. This is worth bearing in mind when looking at the Chinese economy this year. For much of the last decade there have been some who have predicted imminent doom and gloom...Cheque printing: The CBN’s challenge to foreign, local printers
IN 2005 the Central Bank of Nigeria initiated a policy, which stipulated that cheque production in the country must be fully localised by the end of 2009.Apart from that, the apex bank had after the 2006 accreditation exercise, tasked the...
It’s difficult de-marketing a strong brand, says Aboh
The rumour mills were rife of recent about alleged weak profile of Oceanic Bank Plc. But the Group managing Director and Chief Executive Officer of the bank, John Aboh, in an interview with Business Editor, ADE OGIDAN, allayed fears over the...Projections for economies, by World Bank
Since politics and economy are two indispensable events in the life of a nation, the fact that in 2011, at least, a third of sub-Saharan African countries are having their elections, has raised some apprehensions among analysts. BUKKY OLAJIDE writes...Diversification and the Bankers’ Committee plan
NIGERIA'S economic dependence on oil is legendary and worrisome. The trend has persisted, even as various regimes had pledged a paradigm shift in favour of diversified economy.Surprisingly, it is not as if the country is not endowed in other areas...
Banks' strategies in boosting cashless economy
MORE than ever before, there is now stronger evidence that the country has joined the league of the nations advancing towards having complete cashless economies. Evidence to this is the rates at which many corporate...
Budget: A yearly ritual or planned course of action?
FOR 2011, the Federal Government budgeted N4.56 trillion, making it the highest budget proposal in the history of Nigeria. Will the unparalleled figure achieve unparalleled performance? Economic analysts and stakeholders doubted this. They...Economic recovery: Experts hinge hope on new initiatives
FOR businesses in Nigeria, year 2010 would not easily be forgotten for a long time, especially by those that were primarily affected by the remarkable mixed fortunes that hallmarked the period. It is the year, both the Central Bank of Nigeria (CBN)...
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