A foremost financial and economics expert, Mr Bismarck Rewane, has described the exit of two global banks, HSBC and UBS, from Nigeria as a bad indicator. Also, the Managing Director/Chief Executive Officer, Cowry Asset Management Limited, Mr Johnson Chukwu, also said Nigeria should be worried about the development. The Central Bank of Nigeria said in […]
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The Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has raised concern over the nation’s ability to service its foreign debts. Rewane, during a presentation at a breakfast session sponsored by Rand Merchant Bank in Lagos, said his prediction was based on the multiple scenario analyses by the firm. He said the […]
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The International Monetary Fund says the Federal Government’s plan to refinance local loans with increased foreign loans may expose the economy to exchange rate risks. The Washington-based Fund said on Monday that Nigeria’s plan to raise fresh foreign loans to reduce debt servicing costs could elevate its exchange rate risks. The Federal Government is planning […]
Read More Economic and financial experts have raised the alarm over the nation’s rising debt burden, calling on the Federal Government to spend more on capital expenditure and exercise care in its quest for more borrowing. The experts, who spoke in separate interviews with correspondents on Tuesday, reacted to the ₦7.1tn increase in the nation’s total debt […]
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