Experts Warn Macroeconomic Instability Looms For Nigeria

Experts Warn Macroeconomic Instability Looms For Nigeria

Author: Africa Business Radio April 11, 2022 Duration: 27:59
News Express
Business
Nigeria’s debt service cost is putting severe pressures on the purse carrying its revenue, which continues to dwindle.
This is happening at a time when many indices show an economy that is worse for wear, with external reserves below $40 billion, the Naira weakening daily against the United States dollar, both at the parallel and the investors and exporters’ segments of the FX market, an inability to benefit from a rally in the crude oil price to above $100 per barrel, and the country’s daily oil production has dropped drastically.
With over $3 billion lost to oil theft alone in 2021, the country has been kept on a fiscal cliff. Nigeria’s spending problem is now becoming the new song in the mouths of many, including Nigerians and analysts, as they see the looming and about to be triggered macroeconomic instability in Nigeria, “If the trend of continued rising debts costs without a corresponding revenue increase remains longer

Tune into News Express from Africa Business Radio for a clear-eyed look at the forces shaping Nigeria's economy. This isn't just headline scanning; it's a dedicated exploration of the financial sector and markets, delivered with a focus you won't find elsewhere. We go beyond the surface noise of daily news to provide context and analysis, yet avoid the narrow jargon that can make trade publications inaccessible. Each episode distills the essential conversations happening right now in boardrooms and on trading floors. You'll hear informed discussions pinpointing what matters for pivotal areas like Investment Banking, Trading, Technology, and Fund Management, while also tracking movements in Alternatives, Commodities, and major Companies. For anyone with a stake in the region's business landscape, this podcast serves as a vital briefing, connecting the dots between sectors to offer a comprehensive, nuanced picture. News Express is your source for understanding not just what is happening, but why it matters for the future of African commerce.
Author: Language: English Episodes: 100

Official website RSS
News Express
Podcast Episodes
EMs Face Stiff Headwinds As Global Growth Slows [not-audio_url] [/not-audio_url]

Duration: 30:44
As the global economy wriggles through uncertainties worsened by the protracted Russia-Ukraine war with its spillover effects seen in accelerating global inflation, aggressive tightening of monetary policies, worsening d…
Experts Open Capital Market Solutions For University Funding [not-audio_url] [/not-audio_url]

Duration: 31:21
Nigerian Public Universities'over-reliance on government direct funding has beenthe major cause of constant disagreements between the university staff unions and the federal government, which has come to see university f…
Nigeria In As Global Contactless Payment Transactions Hit $10trn [not-audio_url] [/not-audio_url]

Duration: 37:05
Nigeria's active young population that is increasingly technology savvy is setting it up to rapidly play in the deep end of the contactless payment revolution now seen to be racing to $10 trillion in transaction value in…
Nigerian States Must Empower Sources Of Revenue For IGR Expansion [not-audio_url] [/not-audio_url]

Duration: 31:14
Nigerian subnational governments facing the dangerous consequences of the potential collapse of their much relied-upon revenue sourcing channel, the Federation Account Allocation Committee, must rethink their strategy an…
Africa’s Climate Burden Weighs, But Financing Must Avoid Debt [not-audio_url] [/not-audio_url]

Duration: 27:38
Even though it produces historically low carbon emissions and contributes the least to the global climate crisis in comparison to more industrialised continents, Africa has been hard hit by extreme climate change effects…
Modular Refinery Strategy Back As Presidency Weighs Petrol Agony [not-audio_url] [/not-audio_url]

Duration: 27:46
The Nigerian presidency IS contemplating a return to supporting the establishment of modular refineries mainly by small-scale operators as an option to solve the country’s obdurate petroleum agony, according to a letter…
Inflation Exposes Buhari’s Failings As Noose Tightens On Households [not-audio_url] [/not-audio_url]

Duration: 28:21
In the lame duck year of his presidency, President Muhammadu Buhari is finding out every day that all the indices of measuring his management of the economy are exposing him as lacking in the requisite capacity personall…
Nigeria’s Health Sector Holds Massive Investment Opportunities [not-audio_url] [/not-audio_url]

Duration: 30:22
The attention of the global community of investors focused on healthcare has been drawn by a new report to the window of massive opportunities in Nigeria where it says some doses of private capital could help close a fun…

«12345678910»