Investors maintain profit taking appetite as losses persist on Nigeria bourse

NSE, Investors

The bearish run on the Nigeria’s equities market continued for the fourth consecutive session on Wednesday as the benchmark index dipped, by 0.15 percent to 38,605.07 points, amidst continued profit taking. The Month-to-Date and Year-to-Date returns consequently moderated to 1.31 percent and 0.95 percent respectively. Trading activities showed the day’s top sectoral loser was the […]

Nigerian stakeholders in agriculture back government plan to shut border against smugglers

Agriculture

Some stakeholders in agriculture have lent their support to the renewed commitment of the Nigerian government to shut border with a yet-to-be identified neighbouring country to address smuggling activities, according to monitored reports. Aminu Goronyo, president of Rice Farmers Association of Nigeria (RIFAN), responding to the plan announced by agriculture minister, Audu Ogbeh, said it […]

BREAKING! President Buhari finally signs Nigeria’s 2018 budget

Buhari

Muhammadu Buhari, Nigeria’s president on Wednesday signed the 2018 appropriation bill into law. This comes after Nigerian senate sent the bill in May, over 6 weeks ago. The president, however, expressed concern over changes the Nigerian senate made to the budget on three issues, namely projects to be undertaken, compensation related issues and statutory transfers. […]

Angela Merkel’s Conservatives block warn euro zone budget could split EU

Angela Merkel's Conservatives block

German Chancellor Angela Merkel’s conservative bloc on Wednesday reacted with scepticism to her agreement with French President Emmanuel Macron to create a common budget for the currency bloc, Reuters reported. Merkel and Macron hailed a “new chapter” for the euro zone after talks at the Meseberg retreat outside Berlin on Tuesday where they hailed the […]