The Capital Market Academics of Nigeria has commended President Bola Tinubu’s Executive Order for direct remittance of oil and gas revenue to the Federation Account.
Mr Uwaleke noted that for Nigerian enterprises, these changes represented both formidable challenges and unprecedented opportunities.
The professor also called for reforms to improve ease of doing business and promoting inclusive growth in Nigeria’s economy.
A financial expert, Uche Uwaleke, says the current size of Net Foreign Exchange Reserves at $23.11 billion will positively impact the value of the naira.
Six banks in the country have posted N3.41 trillion as profit after tax for 2024 ended against the N2.1 trillion recorded in the 2023 financial year.
Mr Uwaleke also mentioned that the principles of maximum social benefit, economy, and value for money should guide public expenditure.
A financial expert, Uche Uwaleke, says the Monetary Policy Committee of the Central Bank of Nigeria is likely to raise interest rates again.
She said that to extend the recorded ease in prices, Nigeria must attend to the root causes of food insecurity.
The president of Capital Market Academics of Nigeria, Uche Uwaleke, says the ECOWAS single currency if actualised, will facilitate free trade within the sub-region.
“The CBN governor has assured that the policies of the bank will be evidence-based. Which empirical results support this aggressive move,’’ Mr Uwaleke said.
