Public Enlightenment: COVID-19 Second Wave is no joke in Nigeria!

COVID-19 Second Wave

Public Enlightenment: COVID-19 Second Wave is no joke in Nigeria!   By Professor Adetokunbo Fabamwo It has been clear for some weeks that Nigeria is experiencing the second wave of the COVID-19 outbreak. There has been a rapid and steady rise in the number of positive cases reported daily as well as a rise in the positivity rate. The positivity rate rose from an average of about 8% in November and presently stands at an average of 28%. The disease is affecting both the young and the elderly and some…

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Trump without Twitter: Will he move to the ‘Trumpnet’?

Trump Without Twitter

Trump without Twitter: Will he move to the ‘Trumpnet’?   By Brian Contreras Parler. Gab. Rumble. MeWe. DLive. Over the last four years, a small constellation of newish social media sites and web platforms has found favor with those on the political right who see the heavy hand of censorship in Facebook’s and Twitter’s tightening policies against hate speech and violent rhetoric. Now, with President Trump “permanently suspended” from Twitter and indefinitely locked out of Facebook in the final days of his presidency, this fringe ecosystem — call it the Trumpnet — may be poised to…

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The trouble of the troubles with Nigeria

The trouble of the troubles with Nigeria

The trouble of the troubles with Nigeria   By Prof Pat Utomi ________________ Chinua Achebe once famously wrote that the trouble with Nigeria is simply put, leadership. Profound as that conclusion was, it was esoteric. The naked truth is more disturbing, and, as T.S. Elliot wrote long ago, “humanity cannot bear too much truth”.  Achebe was too true. But our conscience is bleeding and Uthman Dan Fodio long admonished that conscience is an open wound and only truth can heal it. The plain truth, beyond Achebe’s expression of outrage, is…

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Analyst Insight: A Small Rise in the FGN’s Domestic Debt in Q3 2020

FGN's Domestic Debt

Analyst Insight: A Small Rise in the FGN’s Domestic Debt in Q3 2020 FBNQuest Research   The FGN’s domestic debt stock amounted to NGN15.85trn (USD37.7bn at the recently adjusted NAFEX rate) at end-September, equivalent to 10.0% of 2019 GDP. It increased by NGN390bn over the quarter, and the stock of FGN bonds by NGN410bn. The DMO had a challenging remit to raise NGN1.6trn from domestic issuance as FGN deficit financing in 2020, and the bonds are by far the largest element in its programme. Its timely data update also shows…

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My Bank. My Wife and The New Social Order

Paternity scandal

My Bank. My Wife and The New Social Order   Let me first out myself. I am a former Employee of FCMB. I worked there for a bit in the securities trading arm, CSL. CSL is a legendary institution that continues to be the corner piece of the Nigerian Capital Market. I was the Head of Local Business. One thing that attracted me to the firm was its legacy. Its founder, Chief Subomi Balogun was a hero of sorts to young Stockbrokers like myself. He had built the institution from…

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2020: A year of extraordinary uncertainty & unprecedented events

2020: A year of extraordinary uncertainty & unprecedented events By FXTM Analyst, Lukman Otunuga It only felt like yesterday that the United States and China reached a ‘phase one’ trade deal and Parliament backed Boris Johnson’s plan to leave the European Union on 31st January 2020. Such encouraging developments lifted investor confidence and raised optimism over the outlook for 2020. Unknown to all, the global economy was in store for a nasty shocker as a string of unforgettable and distressing events rocked financial markets – ultimately cementing their places in…

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Op-ed: A Bank in Every Pocket

Op-ed: A Bank in Every Pocket   By Murray Gardiner, MD of Bluecode Africa  Confidence in African digital payment solutions is essential to minimising fraud and corruption while improving the free flow of funds to boost business and economic activity. Their value is illustrated in statistics released by the South African Banking Association (SABRIC) in June 2020. The report found that digital banking fraud had risen by 20% but that the fraud losses on banking applications had only increased by 1%, in spite of a significant rise in transactions.  Mobile…

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Zik Prize 2019: Giving Testament To Danbatta’s Regulatory Finesse

danbatta

By Ismail Mustapha The Chief Executive Officer and Executive Vice Chairman of Nigerian Communications Commission (NCC), Umar Danbatta, is a man used to collecting silverwares. He has, perhaps, a room full of them. But even by the height of the standards he has set by himself, joining the list of eminent citizens of the African continent adjudged to bag the prestigious Zik Leadership prize is, by any means, a huge testimony of accomplishment. Organised by the Public Policy Research and Analysis Centre (PPRAC) and instituted 25 years ago in honour…

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Op-ed: Intelligent Customer Engagement

By Murray Gardiner The customer is always mobile. This is the adage that defines customer engagement today thanks to ubiquitous smartphone penetration and ownership, particularly on the African continent. In Nigeria, one of Africa’s most populated countries, Statista predicts that smartphone users are expected to exceed 140 million in under five years. In South Africa, the volume of smartphone users is expected to grow another five million by 2023 with more than 90 million connections and 22 million smartphone users in the country today. The challenge that lies ahead for…

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NCOY: FirstBank is powering the Next Generation of Nigerian Innovators and Entrepreneurs

FirstBank adesola adeduntan

By FirstBank What did (the various territories that were later to be amalgamated into) Nigeria look like in 1894? How about a hundred years later in 1994? And what could Nigeria look like in the year 2094? History provides elaborate answers to the first two questions. Answers –accurate or near-accurate answers, that is – to the third, however, will rely entirely on the ability to predict/envision the future and work to invent and create the predicted future. With a continuing shining legacy of nation building – supporting innovative financial, commercial…

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