“Our financial performance in Q3 was strong as we delivered double-digit revenue growth in both reported and constant currency. Revenue growth accelerated in Q3 to 14.2% as a result of improved performance in the Rest of Africa, supported by solid results in Nigeria and East Africa. This is now the eighth consecutive quarter that we…
The Monetary Policy Committee (MPC) held its 271st meeting on the 23rd and 24th of January, 2020. The Committee noted the current environment of sluggish global economic recovery and financial market vulnerabilities, and tepid domestic growth. Highlights of the Committee’s decision: The Committee by a decision of 9 members, voted to alter the Cash Reserve…
Signed into law by President Muhammadu Buhari on 13th January 2020, the Finance Act (“the Act”) is the first of its kind in over two decades. Among other objectives, the Act seeks to promote fiscal equity, introduce incentives to encourage capital market and infrastructure investments, support small businesses and boost Government revenues. The star of…
The need to preserve your wealth: lessons from Dangote “As of March 2019, he had an estimated net worth of US$10.6 billion. Dangote is ranked by Forbes magazine as the 100th-richest person in the world and the richest man in Africa, and peaked on the list as the 23rd-richest person in the world as at 2014” Wikipedia Within 5 years he dropped from 23rd to 100th, What…
In 2019, we wore the poverty capital of the world tag with hope and unflinching will, we lived daily in an economy that continues to be tamed by global economic headwinds, erratic economic policies, aggressive fiscal policies, unconventional regulatory directives and pronouncements. In 2020, we do not expect the headwinds and ‘policy gymnastics’ of the…