Dear Subscriber,

Time waits for no one—use it wisely

“Never leave till tomorrow that which you can do today.” – Benjamin Franklin

Sometimes, it feels like time isn’t enough to carry out all the tasks you have planned for the day. Yet, you look around and see people who seem to have this dexterity to accomplish so much and still have time for their other commitments.

The fact is, we all have the same 24 hours in a day, but it’s up to you to figure out how to be more productive with yours. Brian Tracy said, “There is never enough time to do everything, but there is always enough time to do the most important things.” Thankfully, the lifestyle section in this Unity Bank digest explains how to use your time efficiently and achieve your goals.

The naira continues its positive momentum in the parallel market

The naira has gained 2% at the parallel market since the beginning of March (₦740/$) on tight naira liquidity and increased forex supply by the CBN. The appreciation is cheery news, as it could contribute to the slowdown in inflation in the near term. Currently, the exchange rate contributes 59% to Nigeria’s inflation. FDC is projecting a decline in March inflation to 21.85%.

Foreign investment is dissipating in Nigeria

Capital imports steadily declined in 2022, losing a whopping 78% to $5.33 billion from $23.99 billion in 2019. The drop is largely due to lower investor confidence emerging from domestic issues like foreign exchange shortages, insecurity and political uncertainties. An investment-led growth is increasingly becoming the country’s only option for sustainable development. This means the FG has to get serious about bringing international investors back to Nigeria. And the starting point is wooing them with a conducive and thriving business environment, free from regulatory bottlenecks and uncertainties.

In this edition of the Unity Bank Digest, we provide you with a healthy dose of economic, lifestyle, and entertainment stories.

Please enjoy your read!