Fasten Your Seatbelts, There Is Turbulence Ahead - LBS Executive Breakfast Session - Sept 2019

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Friday, 06 September 2019 / 07:05AM  / By Bismark Rewane & FDC /  Header Image Credit: atmmarketplace.com

 

Recession - (times are hard)

Rana Foroohar, the renowned economist and Financial Times columnist, is of the view that the Global Recession has already started. Her views may seem isolated and extremist to sceptics but the reality is that the global economy is now teetering on the brink of a cyclical downturn.

 

To most Nigerians, the question is whether the country is adequately prepared or you as an individual have fastened your seatbelts for the Turbulent Times ahead.

 

Xenophobia - (tit for tat)

Whilst you may likely be distracted by the unfortunate xenophobic tit for tat between South Africa and Nigeria, there remains an underlying threat to macro-economic stability with falling commodity prices. Watch & read the tea leaves.

 

P&ID - (taking Nigeria to the cleaners)

The price of oil in August was below $60pb and the external reserves are sliding towards $43bn. The last thing Nigeria needs at this time is any threat to its hard-earned reserves especially with the P&ID judgement of $9.6bn against the country. This unfortunate saga in which the country did not receive any value but is being asked to pay billions of dollars is needed just as much as a bullet in the head. The possibility of Nigeria facing a fiscal shock is high, if oil prices slide below $55pb.

 

GDP - (weak numbers)

Q2 GDP data shows growth of 1.94%, which is lower than Q1's growth of 2.10%. It serves as a wakeup call to policymakers that the economy is in desperate need of a fiscal stimulus.

 

In this edition of the LBS Breakfast session, Bismarck Rewane and the FDC Think Tank address these economic and political issues and their impact on your business, portfolio and strategy.

 

Kindly download:  The LBS Executive Breakfast Session - September 2019 

 

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Previous LBS Executive Breakfast Sessions

1.              Global Uncertainty - Is This The New Economic Order?- LBS Executive Breakfast Session - August 2019

2.             Nigeria and The Excess Supply of Intellectual Dishonesty - LBS Exec. Breakfast Session - July 2019

3.             Differentiating Between Regulatory Enforcement and Official Tyranny- LBS EBS - June 2019

4.             The New Agenda: Continuity or Change? - LBS Executive Breakfast Session - May 2019

5.             Policy Momentum, Management Inertia - LBS Executive Breakfast Session - Apr 2019

6.             The Class War Between The Poor and The Very Poor - LBS Executive Breakfast Session - Mar 2019

7.              Election 2019 - The Political Anti-Climax - LBS Executive Breakfast Session - Feb 2019

8.             2019 - A Year of Anxiety, Fear and Uncertainty

9.             2019 - A Year of Trepidation And Growing Uncertainties - LBS Executive Breakfast Session - Dec 2018

10.         Political Headwinds and Economic Challenges - LBS Executive Breakfast Session - Nov 2018

11.           No Stability, No Democracy Bumpy Road Ahead - Fasten Your Seat Belts - LBS EBS - Oct 2018

12.          The Players Change But The Game Remains - LBS Executive Breakfast Session - Sept 2018

13.          Watching From The Political Balcony - LBS Executive Breakfast Session - Aug 2018

14.          From Russia with Tears and the New Economic Disorder - LBS EBS - July 2018

15.          The New Political Calculus - LBS EBS - June 2018

16.          Make Hay In May, While The Sun Still Shines - LBS EBS - May 2018

17.          Talking Economics and Thinking Politics - LBS EBS - April 2018

18.         At $65, Oil is Up 22.4% in 12 Months, Can It Fall Again?? - LBS EBS - March 2018

19.          2019 - The Changing Political Calculus - LBS EBS - February 2018

20.        The FDC 2018 Periscope - The Good, The Bad and The Annoying

21.          There is More to Economic Growth Than Numbers - LBS EBS - December 2017

22.         The More Things Change The More They Stay The Same - LBS EBS - November 2017

23.         Basking in the Afterglow of Reform - LBS EBS - October 2017

24.         Buhari Returns: Hope High and Challenges Daunting - LBS EBS - September 2017

25.         Nigerian's Domestic Debt: A Ticking Time Bomb - LBS EBS - August 2017

26.         Nigeria: Is The Recovery For Real? - LBS EBS - July 2017

27.         Nigeria: Recovery Slow, Steady but Painful - LBS-EBS June 2017

28.        Nigerians May Escape from Anxiety with a Stronger Naira - LBS EBS - May 2017

29.         Naira Gains as the CBN Tries to Catch a Falling Knife - LBS EBS - April 2017

30.        Economic Reform by Coincidence - Does It Really Matter? - LBS EBS - March 2017

31.          Nigeria's Economic Reform - Resist Now and Regret Later - LBS EBS - Feb 2017

32.         2017: A Year of Fear Laced with Hope

33.         Running Faster to Stand Still - LBS EBS - Dec 2016

34.         Recovery Fades, Strong Regulator versus Efficient Markets - LBS EBS Nov 2016

35.         Nigeria Oil Shock 2.0 and the Treacherous Path to Recovery - LBS EBS Oct’16

36.         Recession: how deep and for how long? - LBS EBS Sep’16

37.         Policy Daunting, Markets Uncertain, Citizens Groan - LBS EBS - Aug 2016

38.        With Inflation at 16.5%,Nigeria Stumbles into the Reform Path-LBS EBS Jul 2016

39.         Sell in May and Go Away - LBS EBS - May 2016

40.        The Squandering of a Golden Economic Opportunity - LBS EBS Apr 2016

41.          Naira Weakness Undermines Economic Stability - LBS EBS - March 2016

42.         2016: The Year of Stark Economic Reality - LBS EBS – Feb 2016

43.         2016 - A Year of Growth and Commodity Turmoil - LBS EBS - Dec 2015

44.         Fantasy economics & the value of the Naira - LBS EBS - Nov 2015

45.         All the Presidents' Men - Dream team or Lightweights - LBS EBS - Oct 2015

46.         Loot Recovery? Restitution is no Retribution - LBS EBS - Sep 2015

47.         Nigeria goes back to the Future : Market vs. Control Economy - LBS EBS - Aug 2015

48.        Buhari: Slow Start or Guessing Game - LBS EBS - July 2015

49.         Reflating a Strangulating Economy - LBS EBS - Jun 2015

50.        Leadership Change is not a System Change - LBS EBS April 2015

51.          Is the Naira Ever Going to Recover? - LBS EBS - March 2015

52.         Nigeria at Crossroads- Stability or Change, Which do You Prefer? -LBS EBS - Feb 2015

53.         The Falling Naira: Are you Prepared? - LBS EBS- Jan 2015

54.         Octobers can be eventful - LBS EBS - Nov 2014

55.         Inflation Up, Stock Market Down, What Next? - LBS EBS Sep 2014

56.         MUMU-NOMIKS vs. Economics - LBS EBS - Jun 2014

 


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Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

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