Jul 8, 2008

The regulatory authorities in the nation’s financial sector and the Federal Ministry of Finance yesterday met in Lagos with a resolve to jointly take measures to preserve and promote the continued vibrancy, liquidity and buoyancy of the capital market. The Finance Ministry, Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC),...

Jul 7, 2008

“I was just focused on every point,” he said. “It’s impossible to think too much. Just point by point. I didn’t want to think about the title.”……Nadal LONDON – Rafael Nadal is no longer just the King of Clay. He’s the Wimbledon champion after beating the grass-court master of them all, Roger Federer, in...

Jul 3, 2008

  160 different people who lived in 2 different cities where chosen at random to deliver a packet to a stockbroker who lived in a far away city. Each person was asked to write his/her name on the packet to a stock broker who lived in a far away city. Each person was asked to write his/her name on the packet and send it on to a friend or acquaintance who he...

Jul 1, 2008

Last Friday, June 27, was a remarkable day in the lives of two eminent African leaders. On this day, our own Nelson Mandela celebrated his 90th birthday amid fanfare. A star-studded group of artists gathered at a giant concert in London, in support of his global AIDS 46664 campaign against HIV/AIDS, which was broadcast live around the globe. Performers at the...

Jul 1, 2008

The current market jitters are centred on disturbances in the world’s credit markets. Worries about the viability of sub-prime mortgage lending have spread around the financial system, and the central banks have been forced to pump in billions of dollars to oil the wheels of lending. But what happened in previous financial crises, and what are the lessons...

“… for as long as the earth remaineth, seed time and harvest shall never cease…..” Can you guess what the most popular discussion on Broad Street, Nigeria’s financial nerve centre was last week? Before you think too deeply, let me help you out. It was ‘Soludo’s Denial’. Can you imagine the Central Bank Governor...

Jun 17, 2008

    Hi Readers, history has just been written a few hours ago as members of the New Nigeria Club partook in an Investors’ Forum. The Forum was organised by the managers of NNC – Generis Solutions in conjunction with Realty Point Limited. Realty Point Limited represents Olive Real Estate – a real estate marketing firm in Dubai. The meeting...

In a rare move, the Council of the Nigerian Stock Exchange on Monday imposed a freeze on the downward movement of stock prices that seemed to confirm regulators’ concerns about the consistent bearish trend in the market. The significant price losses had been linked to the Central Bank of Nigeria’s directive to banks to suspend lending to support margin...

Many investors in the Nigerian capital market are sulking and counting their losses. For quite a while now, the prices of shares in the market have been falling. The continuous drop in the prices of shares in a market that many have come to see as a cash cow is giving rise to fears that the market is heading for a crash. For instance, a total of N650 billion...

The Nigerian macro-economy overview is a compelling story of progression and advancement, attributable mostly to a stable political environment and the successful implementation of socio-economic and financial reforms. Though Nigeria has previously been extremely dependent on Oil & Gas revenues, recent statistics show a change in this trend. Militant unrests...