Dear Subscriber,

Your network is your net worth.

Research has shown that 43% of millennials consider networking to be a herculean task. It can be awkward, time-consuming and draining. However, the leverage that a strong professional network gives to your career cannot be overemphasized. The first tip for networking effectively is to ditch the traditional cocktail party and maximize every opportunity to engage people with common professional interests anywhere you find yourself. The Lifestyle section of this Digest provides other tips on how to network effectively as a young professional.

Investor anxiety growing

On the economy, international investors are becoming more anxious as evidenced by the 31.4% reduction in capital inflows into Nigeria. This is reflected in the Q2 Capital Importation report released last week. The good news is that this is happening at a time when the US Fed could be forced to cut rates at its meeting next week due to growing concerns of a global recession. If this happens, a wider spread between yields on Nigerian bonds and those in the US could result in higher capital inflows into Nigeria.

This edition of the Unity Bank Digest provides the usual interesting mix of business and social news. Look out for a breakdown of Q2’19 GDP report, the Medium Term Fiscal Framework (MTEF) highlights and the release date of Black Panther 2.

It promises to be a good read.