Ambode 2019: The godfather’s revolt

Governor Lagos State, Akinwunmi Ambode By OBINNA EZUGWU As uncertainty continues to hover around the second term bid of Lagos State governor, Akinwunmi Ambode, following an alleged plot by the state’s political godfather, Senator Bola Ahmed Tinubu to hand the ruling All Progressives Congress (APC) ticket to the Managing Director of Lagos State More...

by Felix OLOYEDE | Published 2 days ago
By Felix OLOYEDE On Thursday, September 20th, 2018
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FG to generate N6bn from concession of 20 Silos

Audu Ogbeh, Minister for Agric and Rural Development The Federal Executive Council (FEC) on Wednesday approved the Concessioning of 20 out of its 33 Silos to private sector operators at the cost of N6 billion. The More...

By Felix OLOYEDE On Thursday, September 20th, 2018
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Insurance sector sell-off drags capital market down, loses 0.02%

The Equity Market on Wednesday shed 0.02 per cent, reversing yesterday’s positive sentiment. The downturn was on the back of the massive sell-off in Insurance stocks among others, which dragged the All Share Index More...

By Felix OLOYEDE On Wednesday, September 19th, 2018
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Number of extremely poor continues to soar in Sub-Sahara Africa

Although globally, extreme poverty has rapidly declined, the number of people living in extreme poverty is, however, on the rise in Sub-Saharan Africa, comprising more than half of the extreme poor in 2015, a new More...

By Felix OLOYEDE On Wednesday, September 19th, 2018
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Naira firms up marginally at I&E forex market

The Naira appreciated slightly against the dollar at the Investors and Exporters (I&E) Foreign Exchange window on Wednesday, assisted by new interventions by the Central Bank.  The local currency More...

By Felix OLOYEDE On Wednesday, September 19th, 2018
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Rivers, Delta, Bayelsa lead BudgIT’s 2018 fiscal sustainability index

State Governors at a public function Credit: Thecable.ng BudgIT, recently analysed the fiscal condition of states and noticed that states fiscal account generally improved on the back of increasing oil revenue. It More...

By Felix OLOYEDE On Tuesday, September 18th, 2018
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Naira weakens at I&E FX window

Naira stable at parallel market The Naira depreciated marginally against the dollar at the Investors and Exporters foreign exchange window on Tuesday. The local currency which open $/N363.00, traded high at $/N364.75 More...

By Felix OLOYEDE On Tuesday, September 18th, 2018
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Equity reverses negative sentiment, gains 0.56%

The Nigerian Stock Exchange FELIX OLOYEDE Nigerian stock market rebound on Tuesday, appreciated 0.56 per cent on the back of by the sterling performance of stocks in the banking sector. The All Share Index (ASI) More...

By Felix OLOYEDE On Monday, September 17th, 2018
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Naira appreciates slightly at I&E FX window

The value of Nigerian local currency was up marginally against the dollar at the Investors’ & Exporters’ Foreign Exchange window on Monday, despite increasing capital flight from the country’s equity market. The More...