Economic Confidential

Analysts expect modest multiple expansion in equities, tighter monetary stance in 2014

FBN held its 3rd annual investor conference in Lagos Analysts at FBN capital say they expect a modest multiple expansion in equities in Nigeria in 2014. They said this while presenting the 2014 economic forecasts at the 3rd annual investor conference in...

Power: Kaduna, Enugu, C/River Take N16bn Loan

The Federal Executive Council (FEC) yesterday approved the signing of a $100 million (equivalent N16 billion) loan agreement with Indian Import-Export Bank to boost power supply in Cross River, Enugu and Kaduna states. Briefing journalists after the FEC meeting which...

SEC Restates Commitment to Protect Investors

The Securities and Exchange Commission (SEC) has restated its determination and commitment to protect investors patronising the Nigerian over-the-counter (OTC) securities market. The OTC market, comprising equities market and fixed income market, has been operating with little or no transparency...

FG, States, LGs Share N568.4bn For Oct

The federal, states and local governments in Nigeria will share the sum of N568.413bn as revenue distributable for the month of October 2013. This was disclosed by the Minister of State for Finance, Dr Yerima Lawal Ngama, at the monthly...

Elumelu: Africa a Continent of Economic Opportunities

The founder of Heirs Holdings, Mr. Tony Elumelu has stressed the need for investors across the world to take advantage of the opportunities in Africa. Elumelu, a former chief executive officer of the United Bank for Africa Plc, spoke on...

‘Nigeria’s parliament most effective in MDGs implementation’

The Nigeria’s parliament is the most effective when it comes to dealing with the issues of the Millennium Development Goalss and its implementation across the country, Sen. Barnabas Gemade has said. The former National Chairman of the People’s Democratic Party...
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