Take position in cheap assets, analysts’ advise equity investors

With outlook for the equities market remaining bearish till stability is regained after the 2019 general elections, capital market analysts are advising investors, particularly long term investors to position in cheap assets that have sound fundamentals so as to take advantage of the anticipated post-election rally. Stocks have continued to receive a battering amidst the […]

Tbills, bonds drive 49% Fixed income & currency market turnover in 2018

In anticipation of the uncertainty of the elections, 2018 saw investors were more committed to short-term interest yielding instrument, increasing by N5.85 trillion to drive a 49 percent year-on-year turnover in the Fixed Income and Currency (FIC) market as at year end December 31, 2018. However, investment in the FIC market recorded a 9.09 percent […]

Jim Kim, World Bank president dumps position for investment firm

Jim Yong Kim World Bank President has announced plans to resign from the World Bank on Feb. 1 to join a firm focused on infrastructure investments, the Breton wood institution announced Monday. Kim is leaving the bank nearly three years before his term is set to expire in 2022, to focus on increasing infrastructure investments […]

Nigeria commences mandatory use of national identity number

In line with federal government directive, the implementation of mandatory usage of the National Identification Number (NIN) has commenced with effect from January 1, 2019, the National Identity Management Commission (NIMC) has announced. At its meeting on September 12, 2018 chaired by President Muhammadu Buhari, GCFR, the Federal Executive Council (FEC) approved the new National […]