January 24, 2017/Cordros Capital At the end of its 254th meeting (first this year), the Central Bank of Nigeria’s Monetary Policy Committee (MPC) – still faced with the challenges of a severely weakened macroeconomic landscape, accentuated by stagflation dilemma, declining economic and business activities, and deepening recessionary trend – voted unanimously […]
Updates
Equatorial Guinea says presents offer to become OPEC member in 2017
23/1/2017/Reuters Africa’s no. 3 oil producer Equatorial Guinea has presented an offer to join the Organisation of the Petroleum Exporting Countries (OPEC) this year and has agreed to production cuts, its energy ministry said on Monday. If Equatorial Guinea was to join OPEC, it would become the cartel’s 14th member […]
Bold Initiatives for Housing; FMBN is Developing a Diaspora Mortgage Housing Scheme
Culled—Proshare 23/1/2017/FBNQuest Research Official records place the country’s housing deficit at 17 million units. In the current economic downturn, the real estate sector contracted by -7.4% y/y in Q3 2016 after -5.3% the previous quarter. Demand for residential property has been relatively low and resulted in some cases in subdued […]
