•Goodluck Jonathan Former President Goodluck Jonathan has made a strong case for an independent judiciary, warning that no investor will commit funds to an economy where the judiciary is compromised and subject to political control. But like Spurinna, the Roman soothsayer, warned Julius Caesar to “Beware the Ides of March”, the Catholic Bishop...
Nigeria’s equities market faltered for the second straight week, with the NGX All-Share Index (ASI) falling 2.5 percent week-on-week (w/w) to close at 141,004.14 points. The sustained bearish momentum, which also saw market capitalisation drop by the same margin to N89.2 trillion, reflected a combination of factors — from rising fixed-income...
•A woman walks past an electronic board showing Nikkei 225 index on the Tokyo Stock Exchange Asian markets edged mostly upward in muted morning trading today, one day before a key speech expected to offer signals about future interest rate cuts in the United States. US Federal Reserve Chairman Jerome Powell, who has resisted public […]...
•Wike Investors under the aegis of Abuja Technology Village Free Trade Zone, have dragged the Federal Capital Territory FCT minister, Nyesom Wike, before the Federal High Court in Abuja, challenging the legality of the administrative decisions he took in relation to activities at the Abuja Free Trade Zone. They claimed that the decision culmin...
The Nigerian National Petroleum Company Limited has raised an alarm that some individuals are impersonating it, demanding money from investors. A statement yesterday by the NNPC spokesman, Olufemi Soneye, stated that the individuals solicited fees for meetings with the NNPC board of directors, executives, and management staff, saying the actio...
The federal government is developing investment framework to channel private funding into the expansion and stabilization of the national grid, as part of efforts to ensure stable and adequate electricity supply. Minister of Power, Chief Adebayo Adelabu, in an exclusive interview yesterday, said that the government has started developing terms...
To end the frequent collapse of the national grid, which it described as “old and weak”, the federal government has unbundled and offered it for privatisation. Minister of Power Adebayo Adelabu stated this yesterday while reviewing the government’s activities in the electricity sector, reports The Nation. He spoke during his appearance at the ...
Investors’ apathy persists at Nigerian Exchange Limited (NGX), prolonging the equities market’s bearish trend for the fourth consecutive week. As risk aversion prevailed last week, the market suffered a N1.4 trillion loss year-to-date (YTD), fuelling concerns about prolonged negative sentiments in the equity markets, reports The Guardian. At t...
The Nigerian stock market has recorded a downturn performance, closing lower in three of the five trading sessions last week, as investors reacted to the previous week’s lower-than-expected inflation data, which triggered a selloff in banking stocks. It would be recalled that the National Bureau of Statistics, NBS, in the previous week Thursda...
After three years in operation, Nigerian education technology startup Edukoya has ended operations, saying poor infrastructure and economic challenges made it impossible to scale. The startup which secured Africa’s largest pre-seed funding of $3.5 million in 2021, said it will return capital to investors rather than persist in what it describe...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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