Wednesday, 25 July 2018

HOT TOPIC COMMENT ON INTEREST RATES

Godwin Emefiele, CBN Governor
It should be no surprise that Nigeria’s central bank has left interest rates unchanged at 14% in July despite inflationary pressures cooling. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

There is a suspicion that a combination of domestic and external factors has obstructed the central bank from easing monetary policy. Uncertainty ahead of the 2019 elections and the threat of pre-election spending triggering demand-pull inflation may prompt the CBN to remain on standby.

Externally, global trade tensions, an appreciating Dollar and prospects of higher US rates could threaten price stability. While a rate cut has the ability to stimulate economic growth in Nigeria, it may widen the divergence in monetary policy between the Fed and CBN, ultimately accelerating capital outflows.

The CBN may have a tough decision to make during the final quarter of 2018, especially when considering how the Federal Reserve is expected to raise interest rates two more times this year.

If Nigeria’s economic growth in the second and third quarter of the year is solid and oil prices remain elevated, this could make the CBN’s decision easier.

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:

Hmmm!!! Folks, have you ever imagined how the financial status of your firm will be when more than 20,000 CEOs and other key decision makers of blue-chip corporations pay for your products and services or even give you very juicy deals. The link below will tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html