Eniola Olatunji, Author at Businessday NG https://businessday.ng/author/eniola-olatunjibusinessdayonine-com/ Tue, 25 Apr 2023 15:39:31 +0000 en-US hourly 1 188198514 Cash shortages in Q1 to weaken Nigeria’s growth in 2023 – Fitch https://businessday.ng/business-economy/article/cash-shortages-in-q1-to-weaken-nigerias-growth-in-2023-fitch/ https://businessday.ng/business-economy/article/cash-shortages-in-q1-to-weaken-nigerias-growth-in-2023-fitch/#respond Tue, 25 Apr 2023 15:39:31 +0000 https://businessday.ng/?p=724633 Currency in circulation

Nigeria will probably grow at a slower pace in 2023 compared to the previous year due to an acute cash crunch in the first quarter that marred economic activity in Africa’s biggest economy. Fitch Solutions, the research arm of credit ratings agency Fitch ratings in its Africa Monthly Outlook report, expects Nigeria’s economy to grow […]

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]]> https://businessday.ng/business-economy/article/cash-shortages-in-q1-to-weaken-nigerias-growth-in-2023-fitch/feed/ 0 724633 Value stocks seen shielding investors from inflation risks https://businessday.ng/business-economy/article/value-stocks-seen-shielding-investors-from-inflation-risks/ https://businessday.ng/business-economy/article/value-stocks-seen-shielding-investors-from-inflation-risks/#respond Tue, 25 Apr 2023 01:50:29 +0000 https://businessday.ng/?p=724439 Nigerian Stocks

With rising prices of goods and services injecting uncertainty into the equities market, value stocks are seen as a hedge against inflation risks. A value stock refers to shares of a company that appears to trade at a lower price relative to its fundamentals, such as dividends, earnings, or sales, making it appealing to value […]

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]]> https://businessday.ng/business-economy/article/value-stocks-seen-shielding-investors-from-inflation-risks/feed/ 0 724439 How CBN rate hikes fail to tackle inflation https://businessday.ng/business-economy/article/how-cbn-rate-hikes-fail-to-tackle-inflation/ https://businessday.ng/business-economy/article/how-cbn-rate-hikes-fail-to-tackle-inflation/#respond Sat, 22 Apr 2023 09:12:28 +0000 https://businessday.ng/?p=724029 Central Bank of Nigeria (CBN)

After six consecutive rate hikes in almost a year by the Central Bank of Nigeria (CBN), inflation in Africa’s most populous nation has continued to accelerate. The apex bank hiked the rate for the first time in May 2022 after six years, the stance was taken to fight the bullish inflation for ten straight months […]

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]]> https://businessday.ng/business-economy/article/how-cbn-rate-hikes-fail-to-tackle-inflation/feed/ 0 724029 Tax professionals advise government on World Bank loan https://businessday.ng/news/article/tax-professionals-advise-government-on-world-bank-loan/ https://businessday.ng/news/article/tax-professionals-advise-government-on-world-bank-loan/#respond Fri, 21 Apr 2023 08:06:40 +0000 https://businessday.ng/?p=723798 Loans

The Chartered Institute of Taxation of Nigeria (CITN) has urged the Federal Government to channel the proposed $800 million World Bank loan to economic development. Adesina Adebayo, president and chairman of Council, CITN, said this at the 3rd edition of CITN presidential press briefing and media workshop for tax/finance reporters/correspondent in Lagos. Nigeria’s finance minister […]

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]]> https://businessday.ng/news/article/tax-professionals-advise-government-on-world-bank-loan/feed/ 0 723798 FBNQuest promotes partnerships for strategic business growth with fireside chart https://businessday.ng/brands-advertising/article/fbnquest-promotes-partnerships-for-strategic-business-growth-with-fireside-chart/ https://businessday.ng/brands-advertising/article/fbnquest-promotes-partnerships-for-strategic-business-growth-with-fireside-chart/#respond Thu, 20 Apr 2023 16:39:53 +0000 https://businessday.ng/?p=723695 First Bank

FBNQuest, the investment banking and asset management subsidiary of FBN Holdings Plc, hosted the first series of its innovative fireside chart to promote partnerships for strategic business growth and value that the organisation can potentially create. The series is aimed at bringing together subject matter experts within the digital ecosystem to explore important themes of […]

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