Wednesday, February 10, 2021
Analysts Forecasts Higher Bond Yields in Second Half of 2021
The Chief Investment Officer, Afrinvest Asset Management, Mr. Robert Omotunde has predicted that the second half of 2021 will see higher yields on federal government’s bonds. He said this yesterday at Afrinvest’s virtual seminar titled: “The investment playbook for 2021,’ where other analysts also from the research and investment company discussed the investment strategies for 2021. Read more
Leadway Assurance Partners Kwara on MSMEs’ Empowerment
Leadway Assurance is partnering with the Kwara State Government and the Ajike Foundation in grooming and empowering operators of micro, small and medium scale enterprises (MSMEs) on financial inclusion and risk management. Read more
How Nigerians can exploit China’s $22tn market –Chinese director
The Director, Centre for China Studies, Mr Charles Onunaiju, has said that Nigerians could exploit the huge economic opportunities in the $22tn Chinese market if the Federal Government implements certain policy and infrastructure development programmes in the country. He noted that the Belt and Road Framework of international cooperation between Nigeria and China offered very tangibly the critical requirement Nigeria needs to optimize its economy of scale by addressing the infrastructure deficit. Read more
Court dismisses case against CBN’s directives on bank charges
The Central Bank of Nigeria on Tuesday, said the Federal High Court sitting in Abeokuta, Ogun State Capital, dismissed a suit instituted by a legal practitioner, Olumide Babalola, challenging the CBN policy on current account maintenance fee contained in the guide to the charges by banks and other financial institutions of January 2020. It disclosed this in a statement titled, ‘Court dismisses case against CBN’s directives on bank charges’. Read more
Lagos govt shuts Yaba overpass for two weeks
The Lagos State Government has announced temporary closure of Yaba overpass for two weeks, beginning from February 9 till February 23. According to a statement signed by the Commissioner for Transportation, Dr Frederic Oladeinde on Tuesday, the lane closure was necessary to commence soil testing along Muritala Mohammed Way, Ojuelegba Road (Tejuosho) as part of the traffic management plan to actualise the Lagos Rail Mass Transit Red line phase 1, Oyingbo to Agbado. Read more
DPR deepens floating LNG production with new licence
Few years after the Floating Liquefied Natural Gas (FLNG) technology became feasible; the Department of Petroleum Resources (DPR), Monday, granted Nigeria’s first licence for the production of 176 million cubic feet per day (MMCFD) of gas. Read more
Policy inconsistency, capital control bane of FDI
Financial analysts have listed policy inconsistency and capital control measures as impediments to capital importation and Foreign Direct Investment (FDI) inflow into Nigeria. Read more
