Victor Ogiemwonyi
Ogiemwonyi, a retired Investment Banker writes from Ikoyi, Lagos.
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in OpinionFormalizing Our Informal Economy
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The informal sector of our economy is enormous and demands our attention. It employs the majority of our population and generates income that many rely on for survival. I recently read the “Moniepoint” report on the informal sector, in Nigeria and it was […] More
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in Business
The Capital Gains Tax Debate
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow A debate is currently raging in the market over the recently imposed Capital Gains Tax (CGT) on the Nigerian stock market. Set to take effect in 2026 as part of the new Tax Act, many argue the tax is unwarranted at this time. […] More
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in Business
CBN’s Curious Move on FMDQ
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Central Bank of Nigeria (CBN) recently issued a notice, that from November, it will take over the platform for trading and conduct of Fixed Income and Government Securities. This business is currently handled by FMDQ (Financial Markets Dealers Association Quotations), a Securities […] More
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Accelerating “Light-Up” Nigeria
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow In the past few days, the nation has once again been thrown into darkness due to another collapse of the national grid. This has become a consistent problem, underscoring the fact that the national grid is no longer fit for purpose. To accelerate […] More
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Developing Nigeria’s Electricity Markets
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The crux of the interview was that what Enugu State Regulators , have done , is what was envisaged in the new electricity law and uniform tariff throughout the country cannot be correct, because different entities have different cost structure. It got me […] More
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Nigeria’s N373Trillion GDP: A Restart For The Economy
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The rebased GDP should be a good foundation to build on. Whether we will be able to triple this GDP size, by 2030, growing at 3.13%, as in 2024, is a different kettle of fish. There is no harm in trying. I guess […] More
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What To Do with Our Electricity Distribution Companies (DISCOS)
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow At the end of 2013, the power sector in Nigeria was privatised. The Power Holding Company of Nigeria) was broken up into6 power Generating companies,12 Distribution Companies and a Transmission company, that the Government continues to hold. This unbundling of the Electricity sector […] More
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Is The Concept of Creating National Industrial Champions Wrong?
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow In recent years, the debate, around granting Tax waivers and Tax holidays to industrialists, has intensified. Some hold the view, that these policies, promote favouritism, and enrich a few individuals, to become stupendously rich, without giving them credit for what they have contributed […] More
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What Is Holding Up NNPC from Becoming a Publicly Listed Company?
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Nigerian National Petroleum Company (NNPC), now NNPC Limited, is back in the news, announcing that it can no longer supply crude oil to local refineries like Dangote Petroleum Refinery because all its crude production is committed to forward sales. Additionally, reports indicate […] More
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Financing National Infrastructure Development Beyond Budgets
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The urgent need for large-scale infrastructure development in Nigeria is undeniable. However, no budgetary allocation or borrowing strategy alone can adequately address this growing demand. Nigeria is at a crossroads—our population is booming, yet our infrastructure remains woefully inadequate. We need everything: roads, […] More
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Scarcity of Cash Is Threatening Confidence in Nigeria’s Banking System
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Recent headlines about non-availability of cash in ATMs and even banking halls, and the almost replacement of bank’s cash function, by Point of Sales, POS, Operators, is becoming a cause for concern, and creating crisis of confidence, in our banking system.The Central Bank […] More
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Key To Moderating Naira Exchange Rates
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The decision of the Central Bank of Nigeria (CBN) to allow Bureau De Change operators (the retail end of the FX market) to buy up to $25k on the official market (The EFEM widow) is a well thought out strategy, to moderate Naira […] More
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