APC dislodges PDP in Bayelsa, wins governorship election

The candidate of the All Progressives Congress in Bayelsa State, Chief David Lyon, has emerged the winner of the governorship election held on Saturday. Lyon, who won in six of the state’s eight local government areas, defeated his closest rival, Senator Douye Diri of the Peoples Democratic Party. Diri won in two local governments. Click here for more.

Blackout Looms as Gencos Threaten Shutdown over N600bn Fund

Blackout is looming across the country as the electricity generation companies (Gencos) yesterday threatened to shut down power supply should the federal government refuse to disburse the N600billion intervention fund. Click here for more.

Emerging middle class is Nigeria’s asset – Canon CEO

Africa’s main asset is its young and dynamic population; by 2050, more than four out of 10 young people under 20 years of age in the world will be from Africa. By investing in the continent’s potential, investors including us want to be a supportive partner of transformational growth in African countries. Click here for more.

Sanwo-Olu in China, Seeks Collaboration for Lagos Development

Barely three months after his trip to Japan with President Muhammadu Buhari for the 7th Tokyo International Conference on African Development, the Lagos State Governor, Mr. Babajide Sanwo-Olu has returned to another Asian country for increased collaboration with Lagos State. Click here for more.

Investors Gain N261.50bn WoW As NSEASI Inches Up By 2.04% To Close The Week Positive

Equities market closed Friday on a positive note, as NSEASI appreciated by +0.03% to close at 26,851.68 points as against +1.91% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -14.57%. Click here for more.

Total Pension Assets Rise To N9.58tn

The total assets under the Contributory Pension Scheme rose to N9.58tn as of the end of September, according to the National Pension Commission. A total of N6.84tn or 71.43 per cent of the funds have been invested by the Pension Fund Administrators in the Federal Government of Nigeria’s securities. Click here for more.

Emefiele buys time for Buhari as OMO policy stimulates economy for now

Nigeria’s central bank Governor Godwin Emefiele has unleashed unorthodox monetary policy that is temporarily boosting financial indicators, buying some badly-needed time for President Muhammadu Buhari to unveil wider reforms to stimulate a slow growing economy. Click here for more.

Access, FBNH, UBA, Zenith still on bid as bulls aim for Santa rally

Since Treasury Bills rates hit south, the bulls are now locking horns with bears in the equities market, still leaving the Nigerian Stock Exchange (NSE) All Share Index (ASI) northbound and looking to engineer a Santa rally or bull-run into the end of the year. Click here for more.

PoS Transactions Hit N2.5tn in 10 Months

The value of transactions nationwide through Point of Sales (PoS) channels between January and October 2019, stood at a total of N2.528 trillion. This represented an increase of N707 billion or 39 per cent, from the N1.821 trillion recorded in the same period in 2018. Click here for more.

Enhancing market confidence through investor protection

Sustaining the confidence of stakeholders is a very critical issue in every business organisation. This is more so, in the fledgling Nigerian capital market that has struggled to emerge on the global front. Click here for more.

Air Peace, Embraer seal three $212.6m aircraft deal

Air Peace and Brazilian aerospace conglomerate, Embraer, have signed a contract for three additional E195-E2 confirming purchase rights from the original contract, signed in April this year. Click here for more.

Medview bounces back after arrangement with NCAA

Medview Airlines has disclosed its rebranding strategy as it plans to purchase four new aircraft before the end of this year, according to The Nation. The company made known that the decision to restrategize and purchase more operational equipment is for the purpose of returning to scheduled flight operations in line with the agreement reached with the Nigerian Civil Aviation Authority (NCAA). Click here for more.