No Result
View All Result
Thursday, May 26, 2022
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Policy instability a major headache for Nigerian investors

bycitibusinessnews
May 6, 2016
in Africa, West Africa
Share on FacebookShare on TwitterShare on Whatsapp

According to the findings from an investment survey by Nigerians in the Square Mile, policy instability and exchange rate volatility are the two biggest headaches investors have with Nigeria.

Nigeria can be a very challenging market, but these challenges can be offset by better knowledge of the local market, as well as precise contracts and engagement of knowledgeable local partners.

Gbite Oduneye, Managing Director, Eagle Capital Markets, Ikenna Iroche, Executive Member, NISM and Paul Onifade, Chairman, NISM, spoke to CNBC Africa about the findings in the investment survey.

ADVERTISEMENT

READ THE HIGHLIGHTS FROM THE CONVERSATION BELOW OR WATCH THE VIDEO:

“The general good of what people are saying about Nigeria is that it’s one of the more exciting frontier markets. Nigeria is one of the places in Africa where one can generate very good returns. GE, for example, has invested close to a billion in the Nigerian market.”

–          Managing Director of Eagle Capital Markets, Gbite Oduneye.

“Obviously there are bad ones, which is JP Morgan removing us from the bond index. We have Buhari, our president, who has refused to devalue for whatever reason, be it good or bad.”

–          Managing Director of Eagle Capital Markets, Gbite Oduneye.

“We have the Nigerian stocks, of course, the lowest in quite a while. We have the Boko Haram issue in the northern parts of the country and the one which we can’t escape, which is our dwindling revenue in oil.”

–          Managing Director of Eagle Capital Markets, Gbite Oduneye.

“Although there are a lot of good things which are going for us, we do have some negatives. Instead of us jumping into conclusions, what we did was that we asked people who invest in Nigeria a number of specific questions and they gave very detailed answers.”

–          Managing Director of Eagle Capital Markets, Gbite Oduneye.

“The oil price hasn’t really been a daunting factor. If you ask ‘why would an investor be looking at a country like Nigeria,’ the primary reason is growth. An emerging market investor is always looking at growth dynamic.”

–          Executive Member of NISM, Ikenna Iroche.

“Nigeria is part of the African growth story and Nigeria is the biggest African country and so that is the primary appeal. The whole point of the survey was to try and get away from all the rhetoric and get real hard facts.”

–          Executive Member of NISM, Ikenna Iroche.

“For an emerging market investor, unless they’re oil investors specifically, the oil price really doesn’t affect them. What these guys are telling us is their main challenges are things that are creating uncertainty for them in either entering investments or at the time when they’re thinking about exiting.”

–          Executive Member of NISM, Ikenna Iroche.

“High volatility in exchange rates, clarity about macro-economic policy consistency, those are the key findings. Nigeria is a very attractive market, but one that can be difficult to transact in and policy instability, exchange rates volatility, are the two biggest headaches that these people find.”

–          Executive Member of NISM, Ikenna Iroche.

–

Credit: CNBC Africa

Related Posts

News

Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

byNerteley Nettey

Foreign illicit financial transactions and tax evasion by multinational companies are draining Africa’s domestic resources and depriving it of crucial...

Read more

Take control of financing on the continent – Ofori-Atta to AfDB

We’ll avert any looming food crisis with effective planning – AfDB Boss

Standard of cars assembled in Ghana will not be compromised – GSA assures

GUTA urges gov’t to get other countries to open their borders to facilitate trade

Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

Next Post

Ease of growing your agribusiness in Rwanda

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.