Prolonged Monetary Tightening May Discourage Investment, Slowdown Growth, Rewane Warns Says high borrowing cost hurting private sector
Dike Onwuamaeze
The Managing Director/Chief Executive Officer of the Financial
Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has warned that sustained monetary tightening could discourage investments and
slow down economic growth. Rewane, therefore, called for an urgent handshake between the fiscal and monetary authorities to avert a
situation where continued monetary tightening would lead to economic recession. He expressed these views in his
October 2024 presentation at the Lagos Business School (LBS) Breakfast Session in which he stated that the new minimum wage of N70,000 was
a money illusion. The LBS’ breakfast session Continued on page 5
Barau, Doguwa Tackle Kwankwaso, Declare NNPP Has Pauperised Kano People...
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Saturday October 5, 2024 Vol 29. No 10769
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Ahead of NEC Meeting, Governors, Atiku, Wike Jostle for Control of PDP Chuks Okocha in Abuja
The National Executive Committee (NEC) meeting of the Peoples L-R: (Front Row) Bishop Timothy O. Olatunji; Bishop Ifedolapo Okupevi; Mrs. Okupevi; Sir Olu Okeowo, KJW; Lady Adejoke Okeowo; Bishop S. T. V. Adegbite; Bishop Oluyinka Akande; and Democratic Party (PDP) scheduled (back row: L-R) Toluwalase Okeowo; Ibukun Okeowo and Tumininu Okeowo, at lady Okeowo’s birthday prayers at Palacio de Okeowo’s Solomon’s Chapel of Faith in Lagos… recently Continued on page 5
Tension in Rivers as Fubara Insists on LG Polls
Pro-governor’s groups occupy RSIEC Police withdraw from election, cite court judgement, NBA condemns move IGP: We will not allow Fubara burn down state See story on page 5 PDP backs polls, APP disowns factional group Rivers elders express divergent views
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Globacom’s National Retail Sales & Consumer Chief, David Maji (3rd right); Head, VAS & Sponsored Data, Niyi Olukoya, (3rd left), with some of the Glo business partners who won millions of naira at the Glo Partners Reward Night held by Globacom at Eko Hotel & Suites, Lagos…recently