December 12, 2019
  • December 12, 2019

Financial Transparency Policy: A bird’s Eye View

by on December 11, 2019 0

By United Capital Plc Recently, Nigerian President, Muhammadu Buhari, approved the Financial Transparency Policy, aimed at reporting financial transactions and performance of all government bodies on a single platform, known as the Open Treasury Portal. As such, the general public will have access to periodic reports from Ministries, Departments and Agencies (MDAs), as well...

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FEATURES: Of Moody’s Rating And Nigeria’s Quest For Economic Prosperity

by on December 10, 2019 0

By Oludare Mayowa Moody’s Investors Service, a global credit rating agency, last week downgraded Nigeria’s sovereign rating due to what it described as the increasing fragility of the country’s public finances as regards to the dependence of the Federal Government on the Central Bank of Nigeria’s (CBN) ways and means to finance its operations....

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Nigeria Equity Market Experiences A Turn Around In November ~United Capital

by on December 3, 2019 0

In November, the domestic equity market halted its long-standing monthly bearish trend as the benchmark index, Nigerian Stock Exchange All-Share Index (NSE-ASI) was up 2.4 percent month-on-month to settle at 27,002.2 points while the year to date return improved to -14.1 percent compared wot -16.1 percent in October. Notably, the market traded up on...

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Will Wage Increment Spur Nigeria’s GDP Growth In 2020?, Asks United Capital

by on November 5, 2019 0

Recently, the FGN approved wage increment for civil servants following stand-offs with the Labour Union. By 2020 budget estimates, this will be funded by tax increments and related revenues. One argument for the wage adjustment, despite the funding burden, is the likely net positive impact on output growth. By expenditure approach, Consumption accounts for...

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Profiles Of The 7 Supreme Court Justices Who Nailed Atiku’s Ambition

by on October 30, 2019 0

On Wednesday, the Supreme Court dismissed the appeal filed by Nigeria’s main opposition People’s Democratic Party (PDP) and it’s presidential candidate, Atiku Abubakar against the re-election of President Muhammadu Buhari. The Chief Justice of Nigeria, Justice Tanko Muhammad, who led six other members of the apex court’s panel, disclosed that he and members of...

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