Buhari’s systemic decimation of judicial supremacy in Nigeria scaring away foreign investors – Ekpo, registrar IIHEL

Ben EguzozieFebruary 21, 2019

Cyprian Edward-Ekpo is the registrar of International Institute for Humanitarian and Environmental Law, Nigeria. He took a critical examination of all the non-adherence by the President Muhammadu Buhari administration to court orders and rulings in his now vilified corruption fight, and came up with the conclusion that this decimation of the judiciary is largely contributory […]

Stock market in decline, falls by 0.14% as investors begin profit taking

Adesola AfolabiFebruary 21, 2019

Nigeria’s stock market reversed a two-day positive performance as investors began taking profit in some key stocks. The All Share Index declined by 0.14 percent to 32,568.66 points following profit taking in International Breweries (-9.5%), Zenith Bank (-1.9%) and Dangote Flour (-2.5%). As a result, market capitalisation decreased by N16.9 billion to settle at N12.1 trillion while year-to-date […]

 SEC approves Africa’s 1st corporate green bond by Access Bank

Adesola AfolabiFebruary 21, 2019

Access Bank Plc has revealed that Africa’s first corporate green bond, to be issued by the bank has secured the approval of the Securities and Exchange Commission (SEC). The bank in a notice to the Nigerian Stock Exchange (NSE) on Thursday explained that having secured the SEC’s approval, a book building process will be opened […]

Elections: FG orders immediate payment of salaries

February 20, 2019

The Federal Government of Nigeria has directed the immediate payment of February salaries to enable workers wishing to travel for Saturday’s Presidential and National Assembly election to do so without any difficulties. Lai Mohammed, the minister of information and culture made this known when he briefed State House correspondents on the outcome of the meeting of […]

Oil near $56 amid expectation of fifth U.S.crude inventory rise

February 20, 2019

Crude fluctuated between gains and losses as investors prepared for a fifth straight rise in U.S. crude inventories and oil tracked the U.S. equity market. After spending hours in the red, futures edged higher in New York on Wednesday, mirroring moves in the S&P 500 Index. Domestic crude stockpiles probably increased 3.1 million barrels last […]

U.S.-China trade hopes extend equity surge; central banks supportive

February 20, 2019

World stocks hit a four-month high on Wednesday on hopes of progress in trade talks between the United States and China, with a dovish backdrop at major central banks also helping push markets back into the black. U.S. President Donald Trump said negotiations with China were going well and suggested he was open to extending […]

Nigeria’s population growth rate outstrips economic growth – Report

February 20, 2019

The Nigerian economy is growing slower than the growth rate of its population, the FSDH research has revealed. According to the research by the FSDH Merchant Bank on ‘Final judgment on performance of the Nigerian economy: Implications’, it said this was an indication of growing poverty. “This means that the economy is not expanding in […]

Nigeria MPC members express concerns over banks’ low credit to private sector

Nse Anthony-UkoFebruary 19, 2019

Members of the Central Bank of Nigeria Monetary Policy Committee (MPC) have raised concerns over the persistent low level of credit by financial institutions to the private sector, regardless of the improvement in all financial system indicators (FSI). In their personal statements at the January MPC meeting released on Tuesday, members stressed the need for […]