Economy

Omoluabi Mortgage Bank Sets For Expansion

By Nse Anthony-Uko (Sundiata Finance) – Omoluabi Mortgage Bank has expressed its determination to transform from a state-based bank to a national mortgage bank, with a plan to expand to all parts of the country in its bid to becoming one of the leading players in the sub sector. Chief executive officer of Omoluabi Mortgage Bank, Mr. Ayo Olowookere, recently, ...

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Recession: No Longer Business As Usual In Real Estate Market

The 10-month old economic recession in Nigeria, which analysts say is easing off but without any visible impact on commodity prices, has taught Nigerians some hard lessons. Perhaps, in other sector of the economy are these lessons more poignant and impactful than real estate where developers are, increasingly, coming to terms with realities and the fact that it is no ...

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Despite Decline, Inflation Rate Remains Strong Concern For CEOs

Though Nigeria’s inflation rate has been on the decline since this year, its remaining above 12 per cent makes it a source of concern to most Chief Executive Officers. Most of them who were panellists at the third edition of ‘NSE Bloomberg CEO Roundtable’ were unanimous in their submission that Federal Government policies should wrestle inflation. Ahead of most analysts’ ...

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FSDH Expects Nigeria’s Inflation To Slow For 4th Month

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – Investment bank, FSDH, said on Monday it expects Nigeria’s inflation rate (year-on-year) for May to drop to 16.13 per cent from 17.24 per cent recorded in April 2017.  This would mark the fourth month that prices have cooled. The National Bureau of Statistics (NBS) is expected to release the comsumer price index (CPI) ...

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Etisalat Urges SMEs To Leverage ICT For Growth

LAGOS, (Sundiata Post) — Etisalat Nigeria, during its 16th Market Access Forum, has advised Small and Medium scale Enterprises (SMEs) to leverage Information and Communication Technology (ICT) because of the tremendous growth and expansion opportunities it offers growing businesses. Market Access Forum is a quarterly business networking and empowerment initiative for SMEs owners to interact with large corporations with the ...

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14% Unemployment Rate, Inadequate Infrastructure Major Threats To Productivity – NBS

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – The economic growth in Nigeria has continued to face some challenges and threats to achieving its full productivity potentials. According to a report by the National Bureau of Statistics (NBS), the growing unemployment rate of 14.2 per cent in the fourth quarter, up from 13.9 per cent in the third quarter, coupled with ...

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