Opinion

FILE PHOTO: Central Bank of Nigeria's logo is seen on the headquarters building in Abuja, CBN

Is CBN’s MPC stronger than Buhari?

THE APC Presidential Candidate, Muhammed Buhari, clearly raised public expectation when he promised, at a campaign rally on Monday, March 23, 2015, at Dan Anyiam Stadium, Owerri, that he would “ensure that Naira was equal to dollar value,” if he became President. The News Agency of Nigeria and several Newspapers published this report. Nevertheless, PMB’s […]

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A customer leaves an MTN shop in Johannesburg, file. REUTERS/Siphiwe Sibeko

How NLC’s picketing of MTN violated global ILO rule

The violence that characterized the three-day picketing of MTN Nigeria by the Nigerian Labour Congress (NLC) attracted condemnation from several quarters, especially from industry watchers, Nigerian workers, and affected MTN staff. Now, it has emerged that the destruction of MTN assets, violence and threats violate an important section of the International Labour Organization ethics of […]

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Here’s what $2.5 billlion currency swap deal means for banks, economy

The much-awaited guidelines for the $2.5 billion currency swap deal between the Central Bank of Nigeria (CBN) and The Peoples Bank of China (PBoC) have been unveiled. The deal will widen the trade window for local banks and increase their revenues. But, it could worsen the widening trade gap between Nigeria and China. The deal, […]

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Why most Nigerian houses don’t have C of Os

A Certificate of Occupancy (C of O) is a document issued by a local government agency or building department certifying a building’s compliance with applicable building codes and other laws, showing it is suitable for occupancy. But for many reasons, some government departments make the process of acquiring the document so cumbersome that public investors […]

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Trump, Buhari and integrity

After seeing President Donald Trump at the White House, no sooner had President Muhammadu Buhari left the United States of America than his acolytes started hailing him in the social media. In this era, the social media is a vote decider. It does not matter whether the English there is correct, for election purposes, the […]

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world news, trump, u.s., business news, stock market, entertainment news, business news, company news, market, commodities, commodity, Africa news

‘Cost of property in Nigeria may continue to rise’

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 […]

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world news, trump, u.s., business news, stock market, entertainment news, business news, company news, market, commodities, commodity, Africa news

ANALYSIS-Trump ‘energy dominance’ policy pits Washington against Moscow

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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Book Review: Little Birds and Ordinary People

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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ANALYSIS-iPhone addiction may be a virtue, not a vice for investors

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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ECB

ANALYSIS-Bond markets look beyond easy ECB money to first rate rise

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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Africa development body, funds see opportunity in mining infrastructure

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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Debt Management Office, DMO

Investors interest in the FGNSB weakens by 88 pct in Nov.: analysis

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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