Quote from Ndubuisi Ekekwe on February 4, 2019, 5:41 PM

January 2019 was a very tough month for companies in Nigeria. If you are in the game, you would have noticed that credit has simply gone. In short, it is safe to write that banks have “closed” their lending units. The numbers I have seen are extremely terrible: margins have deteriorated and sales are down, across sectors and industries. Companies are bleeding!

So when Simon Obasi sent this note after attending a Deloitte event, it was a slam dunk. He wrote: “Brace Up for the Days Ahead Will be Rocky”. The bad news is that the politicians are not even discussing what I am seeing across sectors and markets.