In the news: Equities Market Opens Week Bearish
Punch Oando: Groups vow to resist attempt to frustrate audit Shareholder groups under the aegis of the Trusted Shareholders Association of Nigeria and the Oando Shareholders Solidarity Group have vowed to resist any attempt to frustrate the forensic audit of Oando Plc’s financials as ordered by the Securities and Exchange Commission. Foreign debt servicing gulped […]
In the news: SEC to Strengthen Monitoring of Bond Proceeds Usage
This Day MPC May Not Meet Due to Lack of Quorum Following the refusal of the Senate to consider President Muhammadu Buhari’s nominees for the vacant positions in the Monetary Policy Committee (MPC), its first meeting for 2018, scheduled for the third week of January, might not hold due to lack of quorum. NCC Plans […]
In the news: Naira further depreciates to N361.91
Punch NNPC plans 4,600MW power plants for Abuja, Kaduna, Kano The Nigerian National Petroleum Corporation on Wednesday announced that it would build power generating plants with combined capacity for 4,600 megawatts in Abuja, Kaduna and Kano states. Stocks end two-day losses, gain N54bn The Nigerian Stock Exchange reversed a two-day decline at the close of […]
In the news: Average T-bills yield closes at 14.57%
Punch Dangote Cement, Dangote Sugar, Ecobank top equity losers’ chart The Nigerian stock market continued in losses on Tuesday after Dangote Cement Plc, Dangote Sugar Refinery Plc and Ecobank Transnational Incorporated Plc recorded major losses in their share prices. Average T-bills yield closes higher at 14.57% The secondary market for Treasury bills was bearish for […]
In the news: NSE weekly equities’ turnover hits N51.5bn
Punch Naira depreciates to 365/dollar despite CBN interventions The naira depreciated marginally by 0.55 per cent at the parallel market week-on-week to close at N365 on Friday. Banks borrow N671bn from CBN in five days Deposit Money Banks in the country borrowed the sum of N671.47bn from the Central Bank of Nigeria in the past […]
Six changes you should consider making in 2018
Please don’t call it New Year Resolutions – because that tag seems to have been jinxed with many never being able to achieve their resolutions. Instead call it your 2018 commitment to self. How about that? Commit to making these six changes in 2018 for a better year: Be more positive There is so much […]
In the news: CBN injects $210m into forex market
This Day Investors Stake N27bn on Equities as Dangote Cement Lifts Market High trading in the shares of Dangote Cement Plc on Tuesday lifted the overall value of transactions at the equities market by 445.4 per cent to N26.809 billion. IMF Harps on Economic Diversification for Nigeria, Others The Managing Director of the International Monetary […]
Call me daddy
It was supposed to be a quick dash across town. All I wanted to do was meet up with a friend over lunch and return to work before the break elapsed. Lunch went well. Returning to work however posed a challenge. The whole of Awolowo way was blocked, one of those stand-still traffic situations capable […]
Ask Shade: My Late Father’s Family Head Wants to Give the Family House to Our Irresponsible Half-Brother
Dear Shade, I came across a few of your previous articles and I am hopeful that you will be able to help with my dilemma. I am the first child of my father who recently passed away. He had two wives and five children; one son and four daughters including me. My mother, his first […]
In the news: FG plans N110bn bond auction
Punch CBN’ll use BVN to blacklist loan defaulters –Emefiele The Central Bank of Nigeria under the auspices of the Bankers’ Committee has concluded plans to use the Bank Verification Number of customers to blacklist loan defaulters from accessing further loans in the nation’s banking system. FG reviewing non-performing privatised firms’ operations — BPE The Bureau […]
