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Opinion

Nigeria’s GDP growth to drop as oil prices fluctuate – Rewane

Nigeria’s economy is expected to expand at a slower pace in the third quarter of 2025, with GDP growth projected to dip to 3.9 per cent from 4.23 per cent recorded in Q2. According to managing director/CEO of Financial Derivatives Company, Bismarck Rewane, this moderation reflects the lagged impact of easing monetary policy, volatile oil […]

Economy

Rewane warns of deeper structural issues amid Nigeria’s rising inflation

The Managing Director of Financial Derivatives Company, Bismarck Rewane, has expressed concerns over Nigeria’s rising inflation, describing it as a sign of deeper structural issues in the economy. Rewame made this disclosure on Monday during a live appearance on Channels Television’s Business Morning. He noted the recent inflation data, which showed troubling increases in both […]

Bismarck Rewane
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Expert predicts further drop in petrol prices till mid-2025

The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has projected that petrol prices in Nigeria are indeed expected to decrease further until June 2025. This follows the recent price cuts from the Nigeria National Petroleum Company Limited and Dangote Refinery, which are aiming to make fuel more affordable for Nigerians. Rewane made this […]

Bismarck Rewane
News

Rewane backs CBN’s forex policies, says naira nearing fair value

The Managing Director of Financial Derivatives Company, Bismarck Rewane, has expressed confidence in the Central Bank of Nigeria’s foreign exchange policies, stating that they are delivering positive results and bringing the naira closer to its fair value. Speaking on Arise TV’s Global Business Report on Monday, Rewane highlighted the impact of these policies on market […]

Bismarck Rewane
News

FG has spent $8bn to defend Naira – Rewane

The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has said that the Nigerian government spent about $8 billion to stabilize the naira amid the ongoing economic reforms. Rewane made disclosure while speaking on Channels Television’s News at 10 on Friday. He emphasized the government’s significant interventions to manage exchange rate volatility and inflation […]

News

Why Tinubu govt must back policy changes with reforms – Rewane

The Chief Executive Officer of Financial Derivatives, Bismarck Rewane, has said that policy changes must be followed by institutional reforms to deliver tangible gains that will trickle down to the populace. According to Rewane, there are time lags between policies and impact, thus, it is important to wait for the outcome of President Bola Tinubu’s […]

Bismarck Rewane
Business

CBN policy may cost $18bn GDP loss monthly – Rewane 

The chief executive officer of Financial Derivatives Company, Bismarck Rewane, has said that the Central Bank of Nigeria’s policy on the currency swap would cost Nigeria a Gross Domestic Product loss of $18 million monthly. According to him, Nigeria may experience a total man hour loss of five days per month owing to the disruption […]

Trapped funds: CBN to give foreign airlines $150m
Economy

Massive job cut looms as dollar hits N590

The lingering foreign exchange scarcity in the country has continued to worsen even as the exchange rate on the parallel market is inching towards N590/$1, our correspondent has learnt. The development may lead to massive job loss in the manufacturing industry, among other sectors, according to the Manufacturers Association of Nigeria. The development comes over […]

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