MTN’s $500m IPO, finally something for everyone

There are many institutional and individual investors out there who have always looked forward to this day. Since South African MTN came to Nigeria in 2001 and began to make a lot of money, they had looked forward to a time when they could have a chance to partake of the fortune of the company […]

Reasons global markets are in ‘free fall’

European stock markets reeling from an overnight sell-off in the US and Asia were heading for the worst drop since the Brexit referendum this morning, jolted by investor fears about interest rates and government bond yields. As the Dow Jones gloom spread, the Stoxx Europe 600 index fell 3% in early trading in London, with […]

Manufacturing under siege from all sides as epileptic power, poor infrastructure, high inflation, make positive PMI mere statistics

With the Manufacturing Purchasing Managers’ Index at 59.3 index points in December, 2017, which indicated an expansion in the manufacturing sector for the ninth consecutive months, according to the Purchasing Managers’ Index (PMI) survey report by the statistics department of the Central Bank of Nigeria (CBN), Nigeria’s government’s assertion that business is booming seems justified. […]

Is FSS 2020 a missed target?

Godwin Emefiele, Governor, CBN

With about three years to the Financial System Strategy 2020 set by the Central Bank of Nigeria, Donatus Eleko wonders if the target can be met? The Financial System Strategy 2020 (FSS 2020) was conceptualised in 2006 by the Central Bank of Nigeria (CBN), in collaboration with other key financial sector regulators to fast track […]

Oil price optimism would be ‘misplaced’ in early 2018, strategists say

There’s little reason to expect oil prices to extend gains through the first quarter of 2018, energy strategists have told CNBC. The prospect of rising U.S. shale production, subdued price movements and intensifying geopolitical risks is likely to offset a rally in prices at the start of next year, the analysts said. Harry Colvin, director […]

Should you invest in Bitcoin? Money saving expert talks on cryptocurrency

Bitcoin has rocketed to new all-time highs this week – but should you invest in the cryptocurrency everyone’s talking about? It’s in the public spotlight thanks to its meteoric rise. In recent days, Bitcoin has rocketed to new all-time highs. But should you invest in the cryptocurrency everyone’s talking about? Money Saving Expert Martin Lewis […]

Five ways Boeing’s 747 jumbo jet changed travel

The sun is setting on the planet’s most recognizable jetliner. The very last Boeing 747 passenger jet was likely delivered in July — a jumbo for Korean Air Lines — and on November 7, 2017 United Airlines is retiring its Boeing 747 fleet with a retro-themed farewell flight from San Francisco to Honolulu. The 747 has been […]