General News
Top 3 Trends in Economy, Finance and Trade for 2015

2015 will see the global economy grow at its fastest-rate in three years. The acceleration is built on stronger growth in the USA. The low oil price looks likely to be a feature of the year as does the weak recovery in the Eurozone which risks fizzling out all together with the spectre of deflation hanging over the region.
Overall, the outlook for the global economy continues to be uncertain as risks remain pronounced.
From peak to weak oil
In December 2014 the oil price fell to below US$65 per barrel and in 2015 we are forecasting US$82.0 (Europe Brent Spot Price) for the year as a whole.
The low price is down to an excess of supply over demand as the US and Canada have become large producers and supplies (unusually) have not been affected by the turmoil in the Middle East.
This has come at a time of subdued demand due to the economic slowdown in the Eurozone and the manufacturing slowdown in China.
There will of course be winners, losers and those that break even from the low price. Winners are the large oil importing countries such as India and Japan.
Losers will be the major oil producers, including the Gulf States but more notably those suffering from other economic problems such as Russia and Venezuela.
Russia is over-reliant on energy resources and a low oil price will add to its economic woes and is already weakening the rouble.
Countries that import oil at the same time as producing their own may find the low price offsets itself. China is one example.
In addition Canada and the US may find that extracting their supplies becomes less and less cost-effective.
US resurgent
We are forecasting a strong year for the US economy, with real GDP growth currently estimated to come in at 3.3%.
This will be the strongest rate of growth for 10 years and with it the USA will be a significant contributor to global economic growth. Its relatively small export sector (exports accounted for 9.4% of GDP in 2013) enable it to withstand global economic conditions to some extent. In particular, according to the OECD, it is more insulated from a Eurozone slowdown than other major economies such as Japan and the UK.
The situation is not all rosy though – in particular wages are stagnating despite an increasingly strengthening labour market. In 2014 we estimate that the average wage per hour remained unchanged in real terms over 2013 and we forecast a rise of just 0.9% in 2015.
This contributes some fragility to the recovery, as wage growth is needed to drive consumer expenditure. It also adds complexity to the Fed’s debate on when to raise interest rates.
Eurozone in the doldrums (again)
The second half of 2014 and 2015 brings a sense of déjà vu with regards to the economic situation facing the Eurozone.
In 2015 we are forecasting real GDP growth of 1.1%. The region is suffering from subdued productivity growth, high unemployment and is weighed down by debt. We are not currently expecting the Eurozone economy to shrink but we are expecting growth to be anaemic at best.
This time the situation is compounded by lowflation and the threat of deflation which haunts the currency bloc.
In November 2014 inflation fell back to a five year low of 0.3%. In 2015 we are forecasting inflation of 0.6% in the Eurozone, with major economies such as Spain and Italy coming in at just 0.0%. Deflation is a concern as it increases the debt burden, suppresses investment and consumer spending, with business unsure of ROI and consumers holding off for lower prices.
This can quickly spiral into a vicious circle and fears are that the Eurozone could face a Japanese-style lost decade.
Up in the air
These are three trends amongst many to watch in 2015 including further geopolitical tensions, the birth of new economic groups – ASEAN’s AEC and the Eurasian Economic Union, sluggish trade growth and the strong US dollar. 2015 should see another incremental step towards a stronger global economy, but the recovery remains fragile and risks are such that there remains a danger that it could be derailed.
General News
MultiChoice Secures 12 Warner Bros. Discovery Channels in New Multi-Year Deal

MultiChoice, a CANAL+ company, has retained the distribution rights to 12 Warner Bros. Discovery thematic channels following the signing of a new multi-year, multi-territory agreement between CANAL+ Group and Warner Bros. Discovery, marking a significant expansion of their long-standing partnership.

MultiChoice
The new deal, which spans several regions across Africa and Europe, covers the distribution of HBO Max as well as the renewal of selected Warner Bros. Discovery thematic channels. It represents a major milestone in the companies’ international collaboration and strengthens content offerings across MultiChoice Group territories.
MultiChoice disclosed that this agreement builds on earlier partnerships concluded in Europe. “It builds on the landmark agreements concluded in France in 2024,including the renewal of the exclusive pay-TV window for Warner Bros. Pictures films just six months after their theatrical release in France and the integration of HBO Max within select CANAL+ group offers – as well as in Poland in 2025, with the renewal of the distribution agreement for 22 thematic channels (including TVN 24 and Eurosport) and 4 free-to-air channels (including TVN).”
Under the renewed arrangement, MultiChoice Group will continue to distribute 12 Warner Bros. Discovery thematic channels across its territories, with some channels offered on an exclusive basis. CNN International and Cartoon Network will remain exclusive to South Africa while being distributed non-exclusively in other markets. Cartoon Network Porto will be exclusive in Angola and Mozambique and non-exclusive elsewhere. Other channels such as Discovery Channel, TLC, HGTV, Food Network, TNT Africa, Travel, ID and Cartoonito will be offered on a non-exclusive basis.
According to the partners, the deal reinforces CANAL+ Group’s channel portfolio on the continent. “This agreement enables CANAL+ Group to strengthen its entertainment, kids, news, and documentary channel offerings in African markets.”
The agreement is also expected to improve access for CANAL+ Group subscribers to Warner Bros. Discovery’s premium content through HBO Max and selected channels, including globally recognised series and films, further extending the studio’s international reach while consolidating MultiChoice’s content offering in key markets.
General News
Nigeria Police suspends tinted glass permit enforcement over court injunction

Nigeria Police Force has suspended nationwide enforcement of its tinted glass permit policy, hours before its scheduled rollout, in compliance with a Delta State High Court order.

Tinted glass permit
The policy, set for January 2, 2026, aimed to curb vehicle-related crimes but faced legal challenge from a private citizen against the Inspector-General of Police, the force, and Delta Police Commissioner.
An ex parte injunction issued in December 2025 restrained enforcement pending suit determination, prompting the hold announced by spokesperson Benjamin Hundeyin on January 1.
Police entered appearance, filed preliminary objections, and sought injunction vacation; hearing adjourned to January 20, 2026.
The Nigerian Bar Association condemned initial police plans as “executive recklessness,” accusing disregard for rule of law, while police insisted no permanent bar existed on statutory duties.
IGP Kayode Egbetokun reiterated adherence to law while prioritising public safety via intelligence-led strategies during proceedings.
General News
NDIC Reinforces Full Oversight Compliance to Safeguard Depositors

Mr. Thompson Sunday, the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC has consistently remitted the required percentage of its earnings to the Federal Government.

Mr. Sunday made this known during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, as part of NDIC’s ongoing engagement with key stakeholders following his formal assumption of office in July 2025.
According to him, NDIC takes financial accountability and transparency seriously, stressing that the Corporation complies fully with statutory remittance obligations, including the payment of 20 per cent of gross earnings or 80 per cent of net surplus to the Federal Government, as applicable. He added that NDIC also submits its financial statements ahead of statutory deadlines.
The NDIC MD/CE explained that this culture of compliance aligns with the Corporation’s role as a key institution within Nigeria’s financial safety-net, charged with protecting depositors and promoting confidence in the banking system. He emphasized that adherence to fiscal discipline remains central to NDIC’s credibility and effectiveness.
Mr. Sunday further disclosed that NDIC also complies with the Federal Government’s 50 per cent cost-to-income ratio policy, although he noted that the policy poses operational constraints. He explained that the deductions affect NDIC’s ability to build a strong Deposit Insurance Fund, which is needed to respond effectively to bank failures.
He stressed that international best practices under the Core Principles for Effective Deposit Insurance issued by the International Association of Deposit Insurers (IADI) require deposit insurers to maintain adequate funds to reimburse depositors when banks fail without recourse to government, adding that the NDIC is seeking an exemption to strengthen its capacity in this regard.
Mr. Sunday described MOFI as a critical stakeholder, noting that the Federal Government, through MOFI, holds a 40 per cent equity stake in NDIC. He said sustained collaboration with MOFI is essential to ensuring that NDIC continues to meet its obligations to government while effectively safeguarding depositors’ funds.
In his remarks, Dr. Takang commended the NDIC for its exemplary collaborative spirit and acknowledged the Corporation’s compliance with fiscal regulations. He assured that MOFI would continue to engage the Federal Ministry of Finance on NDIC’s behalf, noting that a strong NDIC is vital to sustaining confidence in Nigeria’s financial system.
Both institutions reaffirmed their commitment to continued cooperation, transparency and accountability, with Mr. Sunday reiterating that NDIC remains focused on balancing regulatory compliance with its overriding mandate of depositor protection and financial system stability.
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