Amidst the lip service being paid by government on provision of affordable houses, stakeholders have argued that property prices may continue to escalate due to rising cost of construction materials, The Sun reports. This might be worsened by the Land Use Charge (LUC) law made by Lagos State government, which other states may in no […]
Read More Last July, U.S. President Donald Trump stood beside his Polish counterpart, Andrzej Duda, in Warsaw and promised to help wean the nation off Russian energy imports. He offered U.S. fuel as an alternative, “so that you can never be held hostage to a single supplier.” Trump was tapping into longstanding European concerns about Russia’s ability […]
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Recent Nigerian memoirs that aren’t at the same time hackneyed hagiographies are very hard to come by indeed. The pleasure of encountering Little Birds and Ordinary People, a work straddling the nexus between the written meditation and the compte rendu was therefore a welcome relief from the monuments of literary dross littering the landscape. There […]
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Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits. Hedge fund JANA Partners LLC and the California State Teachers’ Retirement System (CalSTRS) pension fund said on Saturday that iPhone overuse could be […]
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The timing of a European Central Bank rate rise is fast taking over as the main driver of borrowing costs in the euro area as investors begin to sense that the bank’s massive stimulus scheme may end sooner rather than later. When the ECB said it would halve monthly bond purchases to 30 billion euros […]
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With some mining companies increasingly reluctant to own outright the infrastructure that keeps their projects going, an African development institution is linking up with investment funds to help fill the gap. The Nigerian-based Africa Finance Corporation has already expanded its debt or equity funding for resources projects from oil into mines, including a bauxite scheme […]
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Investors appetite for the newly introduced Federal Government of Nigeria, FGN, Savings Bond (FGN-SB or Savings Bond) has eroded by 88 percent as at November, 2017. But the Debt Management Office (DMO), the issuers of the bond, and market analysts are divided over the performance. Vanguardngr analysis of the allotment results of the Bond from […]
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Few Africans have talked about pan Africanism and made it happen. And one of such people is Tony Elumelu, the self appointed champion of AFRICAPITALISM -Afrocentric entrepreneurship aimed at stimulating economic growth towards the elimination of poverty in the continent of Africa. The banker turned entrepreneur through his HEIRS holding-a diversified conglomerate, has in the […]
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When the Freedom of Information Act was enacted in 2011, many citizens mostly activists and journalists assumed that the nation had achieved a near revolution because through the Act the days of secrecy in governance ought to be over. According to Vanguardngr, although it was expected that the Act would make Nigerians know everything about […]
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Nigeria and South Africa, which emerged from recession in the second quarter of this year, are vying for the title of Africa’s biggest economy. Deciding which African economy will be the biggest at the end of this year will depend on which exchange rate used, Bloomberg showed on a chart. While the International Monetary Fund […]
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A bond, according to Nairametrics is a fixed income debt instrument issued by the government (federal or state government) or corporate institutions with a definite date of maturity and a fixed interest payment (known as coupon) payable either semi-annually or annually. The government usually issue bonds at the primary market to raise domestic funds to […]
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(FORBES) You may think traffic is bad and motorists are rude where you live, but if you’ve ever traveled abroad and rented a car, you know there’s more than just language barriers to surmount while traversing international roads. After, say, about the fifth or sixth time spent circling the Arc de Triomphe de l’Étoile in […]
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