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The Impact of The Interest Rate Hike on Nigeria's Economy.

 The recent Central Bank Hike of interest rates from 18.5% to 18.75%  is not expected to impact Financial Markets. Financial Markets expert said in an interview with Nairametrics. This also contradicts the expectation that the rally would reduce investor demand for the stock market and drive investors towards the bond market. Financial experts exclusively interviewed by Nairametrics expect more liquidity in the system with the 25 basis point hike been more cautious than the previous hikes. He said he didn't think the market will be affected. The Managing Director of Arthur Stephen Asset Management Limited, Olatunde Amorebbe reacted to the trend in an interview, noting that the interest rate hike is the highest that happened in few years back. Current interest rates are determined by several factors. The MPC is expected to raise interest rates to curb inflation while at the same time seeking to comply with President Bola Tinubu's interest rates obligations. It turns out that th...
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The Summary and Analysis of Nigeria's Budget For 2021

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 On 8th October, 2020, President Muhammadu Buhari presented the budget for 2021 to the Joint Session of the National Assembly. And it was tagged " Budget of Resilience and Economic Recovery" The components of the budget are as follows: 1. The budget has a deficit of 5.20 trillion, which is 3.64% of the GDP. 2. Non Debt Recurrent Expenditure amounted to N3.76 trillion which is the largest proposed government expenditure.  The federal government planned to  fully implement the Integrated Personnel Payroll Information System (IPPIS) to ensure the efficiency of the expenditure, in paying salaries of civil workers. Government owned enterprises are advised to seek approval before embarking on recruitment exercise. 3. The budget is to be financed by new borrowings, privatization proceeds and drawdown of loans secured for specific projects. 4. The capital expenditure is budgeted at N3.85 trillion which is about 43% increase of that of 2020 and 29% of total expenditure. 5. The agg...
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Real Estate Investment Opportunities At GText Homes.

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The landed properties developed by GText Homes are not limited to Ibeju-lekki alone. There are also lands available for sale in Ikorodu, Ogudu, Ibadan and Ogun State.  The following shows the lists of the properties and their associated benefits: 1. Sapphire Estate, Ikorodu, Lagos. ✓ It's located at Owutu-Isharo Road, Along Agric Bus- Stop. ✓ It's an estate located within Butterfly Estate and it's secured by OPC security team. ✓ It's 4 minutes drive from Mile 12 Ultra Modern Market. ✓ It's 35 minutes drive to the International Airport. ✓ Land Title: No Government Encumbrance ✓ Price: 4,000,000 naira 2. Sardius Estate, Ogudu GRA,  Lagos. ✓ It's located at Ori-Oke, Ogudu GRA, Lagos. ✓ It's 3 minutes drive to the third mainland bridge. ✓ It's 27 minutes drive to the International Airport ✓ It's 7 minutes drive to Mile 12 Ultra Modern Market ✓ Land Title: C of O ✓ Price: 40 million naira. 3. White House Estate, Atan, Ota, Ogun State. ✓ It's 15 minute...
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Real Estate Investment Opportunities At GText Homes

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 GText Homes is a subsidiary of GText Global Limited. The company, that is Gtext Global is majorly into Information and Communication Technology services most especially Digital Marketing, E-Commerce etc.  They are also into Real Estate properties sales in Lagos, Abuja, Ibadan and Ogun State. GText Homes as a Real Estate company believes purchase of properties by its clients is the best way to secure the clients' future and Investment. This is because the best asset to invest into is Land.  And these are the following Estates developed by Gtext HomesHomes  lands are made available for sales: 1. JASPER ESTATE, ABUJA  ✓  It's 13 minutes drive to the Airport ✓ It's 4 minutes drive to Dunamis International Worship Centre. ✓ It's 11 minutes drive to the central area.  ✓ It's 2 minutes drive to Jedo Estate. ✓ Price: 9,000,000. ✓ Title: C of O. 2. PRIME ROSE ESTATE, ITAMARUN, IBEJU-LEKKI, LAGOS. ✓ It's located at Itamarun Community in Ibeju-lekki, Lagos. ✓ It...
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Prospective Economic Development Of Ibeju-lekki, Lagos.

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 Ibeju-lekki is an area in Lagos State, located around the Lekki-Epe Expressway.  It is also the local government area of Lekki. It's 35.4 kilometers from Ajah and 35.6 kilometers to Epe. It's the fastest growing area in Lagos as a result of some fantastic developmental projects that are ongoing there, thus making it the future mega city of Lagos. It's one of the best area for commercial activities and business investment in Lagos. These are the following ongoing projects and tourist attractions in the area: 1. Lekki Free Trade Zone: The foundation of this project started during the administration of Bola Ahmed Tinubu, a former governor of Lagos in  2006 and was completed by the Mr Akinwunmi Ambode, also the immediate past governor of Lagos in 2019. It has attracted a lot of foreign investment into Lagos and a very good example is the $50million Longrich Manufacturing Plant. The project also houses the Dangote Refinery. Companies at the Free Trade Zone will enjoy a tax fr...
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Facts About Dangote Refinery.

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The richest black man in the world, Alhaji Aliko Dangote commenced the construction of his oil refinery and fertilizer plant, at Ibeju-Lekki area of Lagos State, in 2015 and it's predicted to be completed by 2020. Operations are likely to be begin by 2021. The refinery is located in the Lekki Free Trade Zone, and linked towards the Atlantic ocean. It is predicted to be the sixth largest refinery in Africa. It's also predicted to have a daily oil production capacity of 650,000 barrels. Alhaji Dangote had also built a jetty to receive heavy equipment in the construction of the refinery. A sum of $18billion is the estimated investment on the refinery.  The Refinery and Petrochemical project is expected to generate 9,500 direct jobs and  over 25,000 indirect jobs. The processing facilities include Crude Distillation Unit (CDU), Mild Hydrocracking Unit, Naptha Hydrotreater etc. It's predicted to boost the domestic refined oil production and reduce the level of oil Importation in...
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Profile of Awwal Shonibare

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  Awwal Ademola Shonibare is a blogger, entrepreneur and intermediate in the knowledge of Accounting and Taxation. He's the CEO/ founder of Shonad Ventures Limited, an group entity that focuses on Clothing and Mobile Networks data. The business consists of Shonad data Plug, which focuses on subscription of mobile networks' data. And Shonad Couture focuses on the sales of football club jerseys and production of customized wears. He's also the founder of Awwal Ademola Blog, a website that focuses on business and economy. He also writes about business owners and managing directors on his blog such as Tony Elumelu, Jim Ovia, Ibukun Awosika, Taiwo Oyedele, Godwin Emefiele and the likes, and he has followers both within and outside Nigeria. He's a graduate of Management and Accounting at Obafemi Awolowo University. During his university days, he was a member of the Students' Bureau of Accountancy, and member of the publicity ...
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