Some Economic, Business & Financial Issues still awaiting resolution



Monday, April 18, 2016 7.26 PM / The Analyst 

It is well acknowledged that the “root & branches” changes in governance in Nigeria is a powerful political and governance reform story which offers much hope for the well-being and going concern of the nation. 

As events therefore continue to unfold, it will serve us well to keep a tap on developments, both headliners and those that fly under the radar as a veritable means of tracking impact and effect on markets and the economy. 

Here are a few worth nothing as at close of business today. 

1.        TSA – Status of Remita / SystemSpecs and compliance levels from MDA’s/lessons learnt

2.       ONSA – Validation of Total Amount Looted, Recovered & Status

3.       Budget 2016  - completion, approvals & ascent

4.       Appointments of substantive boards for agencies & parastatals in accordance with enabling Act(s)

5.      Comprehensive review of legal instruments affecting business practice, conduct and regulations submitted to the NASS by the NESG.

6.       Fuel Subsidy – further to confirmation of continuous subsidy, when will this be removed and how was subsidy accounted for in Budget2016

7.       Power Supply - generation targets, Disco operations and planned electricity tariff increase by NERC

8.      Foreign Exchange Controls – signalling effect, impact of inflation, interest and options for the economy/investors

9.       MSCI Market Index: April 29, 2016 decision date and implications / response

10.   Tax Revenue Drive – how to achieve this amidst slowdown in productivity/GDP and revenue earnings of corporates and individuals; increase in misery index

11.    Increase in NPL positions of banks and challenges in debt collections by financial institutions/Bad Debt Bank

12.   Root & Branch Changes in Government – clarity required on government policies to support import substitution and backward integration?

13.   Tariff Structure – awaiting changes to import/export tariffs to align with changes in fiscal & monetary policy

14.   Regulatory Environment, Fines and Signaling effect:

a.      FRCN case against Stanbic IBTC

b.      NCC registration violation - MTN fine and payment 

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