• SEC Holds First CMC Meeting In 2021

Securities and Exchange Commission (SEC) has announced that the first Capital Market Committee (CMC) meeting in 2021 will hold from Thursday, April 15 to Friday, April 16, 2021. A statement from the commission on Sunday explained that the virtual meeting with key stakeholders will hold on April 15, while the usual interface with the press, on the outcome of the CMC meeting, will take place on Friday, April 16. To read more, click HERE

  • Trading Activities At Nigerian Bourse Decline

The activity levels at the Nigerian bourse last week was unimpressive as the volume and value of shares traded declined when compared to the previous week. Notably, a total turnover of 887.037 million shares worth N9.193 billion in 17,837 deals were traded by investors on the floor of the Exchange, in contrast to a total of 1.445 billion shares valued at N19.039 billion that exchanged hands in the previous week in 17,400 deals. To read more, click HERE

  • FDC Forecasts 17.8% Inflation Rate For March

Nigeria’s headline inflation rate, which rose to 17.8 per cent in March from 17.2 per cent in February 2021, is expected to continue its upward trend in Q2’21, analysts at Financial Derivatives Company (FDC) have said. The analysts, who made the prediction in a report obtained by New Telegraph yesterday, noted that if their forecast for March   comes to pass, it would be the 19th consecutive month that the rate has headed north. To read more, click HERE

  • Breaking: Southeast govs set up regional security outfit

After its meeting on Sunday, the entire Southeast states have agreed to set a regional security outfit. The security squad is to be known as Ebubeagu, meaning the glory of a Lion. The Chairman Southeast governors forum and governor of Ebonyi state, Dave Umahi, who disclosed after their security summit said the regional security would be a joint Vigilante from Southeast with headquarters in Enugu state. To read more, Click HERE

  • Nigerian stocks fall further, investors lose N30bn

The Nigerian stock market fell further last week as the market value of equities fell by N30bn. The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.13 per cent to close the week at 38,866.39 and N20.33tn respectively. To read more, click HERE

  • Rising debt: DMO blames COVID-19, experts say borrowing from CBN dangerous

Nigeria’s debt profile has been on the increase because of the impact of revenue crash and the crises trailing the coronavirus pandemic on the economy, the Debt Management Office has said. To read more, click HERE

  • MASSOB hits Danbazzau for tagging OPC, pro-Biafra groups terrorists

The Movement for the Actualisation of the Sovereign State of Biafra (MASSOB) has flayed former minister of internal affairs, Lt.Gen. Abdulraham Danbazzau (retd) for branding self-determination groups as terrorists. The ex-military chief had said the Oodua People’s Congress (OPC), “the Indigenous Peoples of Biafra (IPOB) and other pro-Biafra agitators were on the same page with the Boko Haram insurgents.” To read more, click  HERE

  • Rufus Udechukwu: Building agritech business that solves market problems

Rufus Udechukwu is the chief executive officer of Voriancorreli, an agritech demand and supply matching company that leverages technology to transform Africa’s agriculture sector. He is a financial expert, chartered accountant, and business manager with over 20 years combined experience in these fields. To read more, click HERE

  • Experts Restate Need For Codeshare Pact Among Airlines

Various carriers across the world are looking ahead and seeking new and more effective approaches to rebuilding their airline networks in the future through code-share and interline arrangement. For the Nigerian aviation industry, the collaboration that could ensure stability of the carriers are lacking as experts in the aviation sector see code-share pacts among airlines as panacea to the trouble of connectivity, low capacity and serious flight delays currently experienced in the country’s aviation industry. To read more, click HERE

  • Adegbami: Further Devaluation Of Naira Not Unlikely

CBN revoked licences of about 42 MFBs late last year. What are the factors responsible for the revocation and how does this affect confidence in the sector? Firstly, the way the media reported the news of revocation of the licences was misleading. There is a major part of the news that the media avoided for reasons I don’t understand. To read more, click HERE