Curator

http://ift.tt/eA8V8J By Peter Egwuatu THE equities market will continue to be the centre of attraction for investors this week as mixed reactions are expected in the market. Analysts and market operators have forecast that the market will face a mix of profit taking and bargain hunting. The Nigerian Stock Exchange, NSE, recorded sustained bullish run last week, which led to the increase in twin market performance measures, NSE All Share Index, ASI and market capitalisation, by 607 bases points (bps) each to 33,276.68 points and N11.50 trillion respectively. Also, on a year-to-date basis, the NSE ASI increased by 23.82 per cent. On the sector gauges, the NSE Banking Index, the NSE Consumer Goods Index and the NSE Industrial Index revved by 491 bps, 386 bps and 796 bps to close at 394.94 points, 806.05 points and 2,001.22 points respectively. Equities Transactions A total turnover of 3.100 billion shares worth N29.180 billion in 33,677deals were traded last week by investors on th...

http://ift.tt/eA8V8J LAGOS—LEADERS of All Progressives Congress, APC, in Amuwo Odofin Local Government Area, LGA, have kicked against what they described as the imposition of an unpopular candidate on them, noting that primaries should be conducted to ensure the emergence of a popular candidate. They also noted that the imposition of the candidate on the party was capable of ruining the party’s chances at the forthcoming local government elections in Lagos State. Briefing newsmen yesterday in Lagos, the LGA party leaders and protesting youths unanimously urged the national and state leaders of the party to ensure that the wishes of the people prevailed. Chairman of the party in the LGA, Alhaji Waheed Adewuni, who briefed newsmen said: “What happened yesterday was contrary to what we expected. We are here for the progress and the love we have for our party. The primary was inconclusive. “We were told that in the local governments where there are issues, among chairmanship  aspi...

http://ift.tt/eA8V8J By Henry Boyo This article was first published in June 2006, but its content has become increasingly relevant as we celebrate Democracy Day; it is represented once more as a wakeup call to abort the inevitable dire consequences which will jeopardize our relationship as a nation and thereby forestall an inevitable frustration of the hope of our people for a better life.  Please read on! “There can be no end in the foreseeable future to a do-or-die fight for the presidency of our nation.  The unbridled struggle to be top dog has generally been motivated by the attraction of the prospect of almost absolute power over our lives and our nation’s resources, particularly the lucrative proceeds from oil wells in the Niger Delta.  Ultimately, the underbelly of the arbitrarily created 36 states and 774 local governments would be exposed as they would literarily collapse without what has been described as ‘blood money’ from the Niger Delta. However, it is li...

http://ift.tt/2qTFNRI UNIDO Representative to ECOWAS and Regional Director, Nigeria Regional Office Hub, Jean Bakole (left); Minister of State for Industry, Trade and Investment, Aisha Abubarka, and Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, during a retreat for the Ministry and its Parastatals, in Makurdi. The United Nations Industrial Development Organization (UNIDO) has expressed its commitment towards supporting efforts of the government to increase the national productivity and achieve sustainable industrialisation through value addition and sustainable diversification of productive activities for economic growth and poverty reduction. According to the representative to ECOWAS and Regional Director, Nigeria Regional Office Hub, Jean Bakole, the organization would partner and support the Federal Government in the development ofSpecial Economic Zones (SEZs) and Micro Small and Medium Enterprises (MSMEs) in the country. Bakole stated this during the Mana...

http://ift.tt/2p7QPjf Recently at the Main Auditorium of the Lagos State University, Ojo, Chief J. B Oke shared his reflection on the question of whether Nigeria can survive as a corporate entity for another century. His presentation is both historical, conjecturing and declarative. I take the speaker’s quote that: “Our land flows with milk and honey, yet, we live in hunger and penury” as a fundamental metaphor or what we in the academia call statement of the problem. What follows is a mapping of how we got there as well as an attempt at resolving this problem. The speaker points to the colonial origin of the foundational faultlines that have kept the country in a developmental stasis. The binding together of peoples from divergent cultural contexts within a single political community or state was a foundational error that has continued to engender instability within states and between states. Our guest speaker takes cognisance of this fact. He further acknowledges the fact about a...

http://ift.tt/eA8V8J Former Vice President of the Nigeria Tennis Federation, Yemi Owoseni has stressed the need for Nigeria to encourage senior players in order to strike a balance in the development of the game in the country. He said: “Over the years, we have spent a lot in developing tennis through hosting of tournaments and organizing clinics for junior players but frankly, we can achieve more success at senior level and that is why we need to push hard to make sure that when the players graduate to senior, they get a higher degree of support in order to keep pace with their peers across the world.” The Vice-President of the Confederation of African Tennis (CAT) Zone 2, added that record shows that some of the continent’s top players once competed with our players at various junior tournaments but while they are competing at a very high level our players are lagging behind, as a result of limited or non-existing support. One of the ways he highlighted as a way of aiding the sen...

http://ift.tt/2qTKHOi Publisher of Global Excellence, Mayor Akinpelu; Executive Secretary, Lagos State Film and Video Censors Board, Dele Balogun and filmmaker, Kunle Afolayan at the unveiling of Cinema in Lagos on Monday at Cannes International Film Festival, France Lagos State Government has again come to the rescue of Nollywood. The state government, through its Ministry of Information and Strategy, mounted a pavilion at the Riveria area of the ongoing 70th edition of Cannes International Film Festival, Southern France. Although primarily meant to promote brand Lagos as a tourism and filmic destination of choice on the continent, Pavilion 0217, which is tucked beside countries like Sweden, Switzerland Australia, Canada, Turkey and South Africa, will eventually serve as melting point for Nollywood filmmakers attending the prestigious 10-day film festival, which opened last week Thursday. This would be the second time the Governor Akinwunmi Ambode-led government would bail out No...