When caution is golden
Asset Management Corporation of Nigeria (AMCON) last week soft-pedaled in its decision to sell the three bridge banks this year, saying it was no longer feasible to conclude all the three in 2014....
View ArticleTowards safe building culture
By Andy Nssien The recent revelation that no fewer than 135 buildings collapsed in Lagos in the past seven years is not only worrying but embarrassing to the nation. When this figure is conjectured, at...
View ArticleThat Eurobond award
By Andy Nssien Nigeria recently received an award for emerging the 2013 EMEA Best Sovereign Bond in Africa for the country’s landmark $1 billion Eurobond which was oversubscribed four times by...
View ArticleG-20, here we come
Any moment from now, Nigeria the most populous black nation in the world, would be qualified for admission to the G-20, a group of major economies comprising 19 countries and the representative of the...
View ArticleA sitting elephant
By Andy Nssien The European Union (EU) Trade Commissioner, Peter Mandelson, it was, who alluded to Nigeria as an elephant sitting in the middle of the road, as far as EPA (EU-ECOWAS Partnership...
View ArticleDisplaced Aggression
Vandalism of cables, transformers and other distribution equipment have been a cog in the wheel of progress of providing regular, efficient and affordable electricity supply for consumers in Nigeria....
View ArticleAnother Botched Dream
The 7th National Asseembly failed to make history through the non-passage of the controversial petroleum industry bill (PIB) before its term ended last week, a recurring development that greeted past...
View ArticleA Glimmer Of Hope
There is a glimmer of hope that the perennial fuel lack wreaking havoc on Nigerians may soon become a thing of the past if recent developments in the downstream segment of the oil industry come to...
View ArticleTurning The Screw 0n Discos
The Nigerian Electricity Regulatory Commission (NERC) recently made good its threat by turning the screw on one of the electricity distributing companies (Discos) which violated its regulatory...
View ArticleImperative of Oronsaye
Recently, some governors had to go cap in hand seeking the Federal Government’s bail out for states unable to pay their workers. The governors cited the dwindling revenue allocations from Abuja which...
View ArticleA Recompense For Profligacy
President Muhammadu Buhari, last week in a magnanimous gesture ,approved a bailout package involving N713.7 billion, for states which are hard put to meet salary obligation to their workers. Of...
View ArticleAs The Market Bleeds
The Nigerian stock market had dipped from N11.478 trillion at the beginning of this year to N10.718 trillion in February, on account of anxiety over the Presidential election, but jumped to over...
View ArticleAgric As Business
Last week’s admission by the Federal Government that the country spends N1trillion every year to import rice, sugar, wheat and fish, which amounts to over N10 trillion from 2005 till now, is not new....
View ArticleUnclaimed Dividends Saga
Last week, capital market regulators rolled out measures which if faithfully implemented, could provide the panacea to the daunting challenges of mounting unclaimed dividends in the market. The...
View ArticleBefore The Ax Falls.
Recently, the Securities and Exchange Commission informed capital market operators that it would stick to the September 30, 2015 deadline, which it set for recapitalization of their operations in line...
View ArticleVolte-Face On Refineries
Conflicting reports emerged last week from the nation’s cash cow, the Nigerian National Petroleum Corporation (NNPC) over the future of Nigeria’s refineries. While the first information was a product...
View ArticlePrice For Policy Instability
Political and policy instability are twin brothers that investors are not always at home with. The risk that a new government will indiscriminately change the laws, regulations and policies always...
View ArticleMuch Ado About Devaluation
Currency fluctuation is an open economy phenomenon which poses a challenge to all economies of the world. Last week, President Buhari was quoted as saying that there would be no further devaluation of...
View ArticleBolt From The Blue
Central Bank of Nigeria (CBN) governor, Godwin Emefiele last week dropped a bombshell, stating in an unequivocal tone that recession in the country was in the offing. He warned that the Treasury Single...
View ArticleStill A Toddler
With the population of more than 170 million people and as Africa’s leading producer of oil and the 13th largest in the world, coupled with endowment of an array of natural resources, Nigeria parades...
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