Professional Documents
Culture Documents
By ‘Tope Fasua The visits, facilitated by the So long as a story touches a The NNPC GMD ordered an on- tackle smuggling of dispensing at its mega
operatives of the Nigerian sentimental nerve in us – tribe or the-spot dispensing of the product petroleum products, cross- station on Lagos Road, Port
religion – we lap it up. We are like the
A team of Nigerian Security and Civil Defence in the storage tank free to border activities and Harcourt, due to a fire which
warrior that goes to war with blinding
National Petroleum Corps (NSCDC), led to the tears dripping from his eyes. Perhaps motorists in conformity with extant diversion of products would occurred near the station.
Corporation (NNPC) and clampdown on a notorious that is why we often lose. The truth is sanction for such misdemeanour . be curtailed, thus allowing
the Department of outlet in Kubwa District where that we should have by now Nigerians to benefit from the The fire resulted from a
Petroleum Resources (DPR) petrol was being sold at N250
developed barriers to stories that NNPC’s Group General Manager massive injection of fuel in Toyota Camry car which
play up our sentiments and they (Public Affairs) Mr. Ndu Ughamadu the last few weeks. exploded outside the station.
officials, led by NNPC per litre, a price well above the should be the last that we believe,
Group Managing Director told reporters yesterday that Baru Also yesterday, the NNPC
approved retail price of because they are often designed to
said with the Presidency’s announced the temporary Although the fire did not
Maikanti Baru, yesterday N145/litre. mislead. Why would we be willingly
misled? On social media for the past directive for security agencies to suspension of products affect the station, the
continued its unscheduled
corporation noted that it was
visits to filling stations in imperative to suspend
the Federal Capital operations to enable security
Territory (FCT) suspected
to be involved in underhand
dealings.
Naira appreciates to N360.7/$ in I&E - Page 4 agencies clear the traffic at
the scene.
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Bringing all your financial & business news
Arms importation: Customs, agents trade blame over use of scanners at Apapa port
By Fisayo Soyombo The Public Relations Officer of the “For example, now in APMT, customs wants repair it as many as they can because Okay. If they are okay, let them use it
Command, Nkiru Nwala, who told to scan 100 in a day, but that can only they have to also load back the container.” now because they (Customs) do the
Amidst recent upsurge in the importation Maritime Vanguard that the claim of happen based on the number of containers maintenance. They are making money
of arms and ammunition into the country, abandonment of the scanners is incorrect, that APMT can drop at the time they want Asked how many containers are scanned on that side and they do not want
maritime industry stakeholders are in explained that of the two scanners it. Some it is not just a decision that daily, she said “Between 30 and 50, Let us people to know that these things are not
tango over usage of scanners at the available, only one is working and the use customs take.” assume 50”, she concluded. working. Okay if they are working why
nation’s seaports. of the scanner is dependent on how many are they not using them?”
containers the terminal operators are able On how many containers the Command Similarly, former Chairman of the
to position for the purpose. scans daily, she said, “It depends on how National Council of Managing Directors of When asked of the possibility of the
While the Tin-can Island Command of the many containers the terminal operator is Licensed Customs Agents, NCMDLCA, Service deliberately not using the
Nigeria Customs Service, NCS, claimed able to drop (scanning) per day. It depends Apapa chapter, Tanko Ibrahim, said it is scanner because they do not want to use
that they scan between 30 and 50 She stated: “It depends on how many your on how many are at work per day. It is not not true that the Tin-Can Customs are scanners as they prefer 100 percent
containers daily, the clearing agents on the terminal is able to drop a day. There are like today it must be this, tomorrow it must using the scanners because they are not examination, he said, “I disagree with
other hand said that the scanners are not things you need to understand about the be that. It just depends on the number of in good working condition. that. The scanning machine is even
being used. mechanisms of the work in the ports. working folk-lift that they have. If it is not better than the 100 percent
working for that day, they will have to In his words, “The machines are not ...Continue on Page 7
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MLF boosts
more SMEs, NSE to introduce guidelines on derivatives trading Obasanjo becomes UN
envoy to Liberia
launches By Ezekiel Enejeta By Haruna Magaji
social-financial
The Nigerian Stock Exchange, NSE, said UN Secretary-General, António Guterres, has
media platform it would soon introduce guidelines for announced that he is sending former Nigerian
creation, listing and trading of derivative President Olusegun Obasanjo to Liberia to
By Ezekiel Enejeta support the transfer of power peacefully to a
products on its platform.
democratically-elected president.
Many registered members of
the My Liberty family ( Another Nigerian former leader, Goodluck
MLF ) scheme The Exchange disclosed this in a notice Jonathan is at present in the country, at the
(Libertarians) have become
signed by Tinu Awe, General head of a monitoring group.
first time millionaires.
Counsel/Head Regulation of the NSE. The
Exchange said the framework would also Guterres, who announced Obasanjo’s
The Chief Executive Officer appointment as an envoy on Wednesday in
of MLF Mr. Ben Adesokan, regulate the activities of the trading
New York through his spokesperson,
stated this in a statement members and other market participants in Stephane Dujarric, also welcomed the
on the company’s one year the Exchange Traded Derivatives market. peaceful conduct of the second round of the
anniversary held in Lagos. presidential election in Liberia.
According to the Exchange, the plan is in
He said, unlike other multi- Liberians on Tuesday, voted in a second round
level marketing scheme
line with its objective of increasing the
number of asset classes traded on its of elections, deciding between Vice-President
which empowers a few early Joseph Boakai and George Weah, a politician
registered members and platform and in recognition of the need for
and former soccer star.
keeps others as slaves, MLF risk management.
was created to help This would be Liberia’s first peaceful transfer
Libertarians receive It noted that the creation would facilitate which negatively impacts investor times of stressed economic and of power from one democratically-elected
financial support from other confidence, and trading volumes. market conditions.
hedging of investment risks and leader to another in more than 70 years.
family members
diversification of asset portfolios within Derivative instruments enable investors
(Libertarians) without “The Secretary-General hopes that the will of
enslaving any. the market. to hedge their portfolios against adverse The NSE added that absence of
price movements which can result in derivatives products also result in the Liberian electorate will be respected and
that a seamless transfer of power will take
According to him, MLF It said: “In the cash markets, investors are unexpected losses”. lack of confident market participants
place within constitutional timelines,” the
believes that poverty is not typically exposed to asset price risk. In the and volatility in Exchange’s revenue. statement said.
African. It also believes that absence of short selling and the supportive Highlighting some of the disadvantages of
Small and Medium Scale absence of derivatives instruments in a A derivative is a contract between
securities lending options, investors are Guterres had requested Mr Obasanjo, who is
businesses (SMEs) are the
highly susceptible to significant stock market, the Exchange said that the two or more parties whose value is a member of the Secretary-General’s High-
country’s growth engine. Level Advisory Board on Mediation, to travel
diminution in portfolio values once there absence contributes to persistent inability based on an agreed-upon underlying
of risk-averse economic agents to guard financial asset (like a security) or set to the capital, Monrovia, from Thursday, Dec.
Adesokan also noted that is a reversal of a bull trend.
28 to Saturday, Dec. 30 Dec.
SMEs are essential themselves against uncertainties arising of assets (like an index). Common
providers of jobs and “Thus, investors engage in aggressive out of fluctuations in asset prices and underlying instruments include The first round of elections in the west African
economic growth. efforts to lock-in unrealised profits – leads to lacklustre activity in the bonds, commodities, currencies, country was held in October.
thereby resulting in a self-reinforcing underlying cash market, particularly in interest rates, market indexes and
‘’World Bank reports that 95
market downturn, stocks. A runoff was originally scheduled for
percent of jobs in low income November, but was delayed due to allegations
countries are created by of voter irregularities by a third candidate.
SMEs. Further report shows
that they account for about
one third of the country’s
gross domestic product,
MTN Foundation lauded on skills empowerments Obasanjo is one of 18 global leaders, senior
The police image maker said two other suspects were In his words “we are delighted to be a strong
arrested on Kano road, Idah, for terrorising the residents part of the success story of the Okpekpe Road
through cultism while another was arrested in Okene for Race, especially on this latest elevation to the
kidnapping and cattle rustling. Silver Label Race, which is the first to be so
recognised in West Africa”.
He noted that during interrogation the suspects
confessed to participating in the killing one Haruna
Baso, a resident of Achoze, and carting away the cattle of
the deceased. The annual Okpekpe international 10km Road
Race has had Ecobank Nigeria as its major
Moshood listed items recovered from them to include, 11 banking partner. The Road Race is the first
AK-47 rifles, two Beretta pistols, two Revolver pistols, and only road race in Nigeria that has been
334 rounds of AK-47 live ammunition, a dagger, a cutlass granted full membership of Association of
and military camouflage uniforms. The force public International Marathons and Distance Races
relations officer said the suspects would soon be
prosecuted and called on parents to monitor their wards.
(AIMS) and recognised as one of the
prestigious road races in the world.
As Nigeria’s foremost brewer, our commitment to our By Samson Gabriel It likened a well functioning financial market An eyewitness who preferred anonymity said on
shareholders and other stakeholders drives our passion infrastructure to the human backbone, explaining Tuesday that the incident occurred on Christmas day
for high performance and delivery of quality, not just in The United States (U.S.) has accepted to sell that it would ensure fast and smooth movements, at Obele Area of Ovom in Yenagoa, leaving residents
channel relevant information-settlement information,
our product offering, but also in all our interactions with one of its A29 Super Tucano aircraft to the in apprehension.
Nigeria. We remain committed to these values.” Ekanem protect the channels for the transmission and reduce
Federal Government to boost the ongoing risk.
thanked the organisers of the award for the recognition counterinsurgency operations in the North According to the eyewitness, trouble started when a
and congratulated them for sustaining the initiative in misunderstanding among some members of a cult
East. The U.S. Ambassador to Nigeria, Problems in the financial market infrastructure, the
the last 22 years. Nigerian Breweries emerged winner in group cultists degenerated to a fight, resulting in
the Consumer Goods (Breweries) category which Stuart Symington, presented the Letters of CSCS said, could lead to dysfunctions in the financial gunshots which eventually attracted a police patrol
Guinness Nigeria Plc and International Breweries Plc Offer and Acceptance (LOA) to the Chief of market, which meant lack of options for transactions; team to the area.
were also nominated for. Air Staff, Air Marshal Sadique Abubakar on misleading information and disturbed information
channel; and systemic risk.
behalf of the Federal Government. The Police Command Spokesman, DSP Asinim
Butswat, who confirmed the incident, said the killing
NIMASA to release maritime It listed financial market infrastructure to include was shocking.
A statement signed by NAF’s Spokesman, payment system (sets of instruments, infrastructure,
industry forecast in Q1 Air Vice Marshal Olatokunbo Adesanya in procedures, and rules for the transfer of funds; “Yes, the incident was between cultists but as the
Abuja, yesterday said the LOA represents central securities depository (providing securities police went to find out what was going on, the cultists
By Ezekiel Enejeta
the official U.S. Government offer to sell U.S. accounts, central safe keeping services, and asset started shooting and one of the policemen mistakenly
defence articles and services to the Nigerian services); securities settlement system (enabling shot an officer.
As part of the initiative to reposition the maritime sector
securities to be transferred and settled by book entry
for greater efficiency in line with International best government.
according to a set of predetermined multilateral “Though, we are yet to get the full details because
practices, the Nigerian Maritime Administration and
rules). some of our men, who were at the scene, are supposed
Safety Agency (NIMASA) will release the empirical While presenting the LOA to Abubakar, at
forecast that will determine the outlook of the industry to brief us on the matter.
NAF Headquarters in Abuja, the U.S. According to the firm, it also involves central
in Nigeria by the first quarter of 2018.
Ambassador noted that peaceful existence in counterparties (which interposes itself between “Nevertheless, the Police are intensifying efforts to
Nigeria was strategic to the security of the counterparties and contracts traded in one or more ensure a crime-free environment for people in
The Director General of NIMASA, Dr. Dakuku Peterside,
entire West African sub-region in particular financial markets through innovation; therefore Bayelsa this period of Christmas celebration; we
who disclosed this in Lagos recently further stated that
ensuring the performance of open contracts); and
the Nigeria forecast would deal with how developments and the entire world at large. deployed over 4,000 personnel for patrol.
trade repository (an entity that maintains a
on the international scene affects the industry in Nigeria,
centralized electronic record of transactional data). “We adopted some strategies like ‘Cordon and Search’;
which would also serve as a guide for investors and Ambassador Symington expressed the
stakeholders in the maritime sector. I must tell you, our men and women are fully on
commitment of the U.S. government to The CSCS, this year, said it would increase operations to safeguard lives and property,” Butswat
helping Nigeria completely defeat the Boko automation and improve efficiency in the Nigerian said.
Peterside noted that the forecast would be released from
Haram terrorists and also eliminate all capital market with the deployment of the TCS
a holistic perspective in order to know areas of advantage
forms of terrorism from its territory.He, BaNCS, a world-class multi-asset class solution for The spokesman urged the residents to continue with
that will be of immense benefit to stakeholders and
securities depository, clearing and settlement.
industry players, both locally and internationally. however, conveyed the U.S. Government’s their lawful endeavours and support the police by
“On the positive side, it will look at where the belief that the capacity of the NAF could providing timely and credible information on criminal
The solution replaced the NASDAQ Equator which activities.
opportunities will be in 2018 and 2019; will greater greatly be enhanced by the acquisition of the had been in use since inception of the company in
investment in oil and gas translate to more demand for Super Tucano Aircraft, adding that “the U.S. 1997.
offshore support vessels? What are the industry
would therefore continue to support the NAF The solution change, according to CSCS, is core to the “I also urge them to continue to enjoy the Christmas
perspectives? What government and its agencies should
in its capacity building efforts, including the company’s business transformation initiatives which celebration and steer clear of every criminal activity,”
do to attract more investment in the industry, among
timely supply of needed aircraft spares.” aim at improving efficiency in depository, clearing he said.
other salient issues,” he said.
and settlement services.
Tokyo stocks fell Tuesday on late profit-taking, with “The spares for the aircraft from January to
investors keeping to the sidelines as major global She wrote: Baba we voted for you to change the November 2017 cost N20,019,513,739.88, while
markets remained closed for the Christmas holidays. way things are done in NIG. You have indolent and consumables for the aircraft, and here I am talking of
incompetent array of staff, but can’t change them. Access Bank Plc engine oil, and plugs amounted to N3,863,600
“As trading has gotten thinner with a lack of fresh Your appointees mess your govt up but it’s ok by monthly and N46,363,200.00 yearly. What about the
trading factors, investors appear (to be) cashing in on you. No price for incalculable damage they do. We cost of ammunition? Just for 42 days, from 5th
their recent gains,” said Hikaru Sato, senior technical can no longer defend these. Access Bank Plc has received top honours at the November to 17 December, the cost of ammunition
analyst at Daiwa Securities. inaugural Nigeria Sustainable Banking Awards. was over 5 million dollars.
“Sluggish trading is expected to continue for now as the For another user Oluwatobi John, he prayed the “Since we are using the Air Force as a reference point
market is in holiday mode,” Sato told AFP. President to make the agencies work by setting up The bank won in four categories during the award here, what about the cost of acquiring Air Force
effective rewards and punishment systems. presentation in Lagos. platforms? For example, the 12 Super Tuscano
The benchmark Nikkei 225 lost 0.20 percent, or 46.49 aircraft recently approved for sale to Nigeria by the
points, to close at 22,892.69 while the broader Topix US Government costs a whopping 490 million dollars,
index was down 0.27 percent, or 4.92 points, at 1,827.01. The categories are: Sustainable Bank of the Year, yet this is government to government contract, and
Guinness lifts small Sustainable Transaction of the Year (Oil and Gas the costs of spares, munitions and other consumables
Sector), Sustainable Transaction of the Year are not included.
“It is difficult to see a clear direction in the market as businesses, creates 13 (Agriculture) and Excellence in Women Economic
foreign investors are absent from trade with transaction
volumes low,” Okasan Online Securities said in a millionaires Empowerment. “The costs stated above are for the air force alone and
commentary. restricted to operations in the Northeast alone. We
The awards were conferred by the Central Bank of have not even talked of the army or the navy, which
Investors are awaiting the release Thursday of minutes By Ezekiel Enejeta Nigeria (CBN) in recognition of Access bank’s are also fully involved in tackling internal security
from the Bank of Japan’s policy meeting last week, it outstanding success and leadership in Nigeria’s challenges. Nor have we included the operating cost
said. sustainable banking development. of the Nigerian Air Force in the Niger Delta to curb
Guinness Nigeria Plc said it has created 13 pipeline vandalism, in the Northwest to contain cattle
The dollar changed hands at 113.29 yen, almost millionaires through its just ended, ‘Go Get Access Bank’s Group Managing Director/CEO, rustlers, in the Northcentral to curtail herdsmen and
unchanged from 113.25 yen in Tokyo late Monday. It’promo aimed at helping the growth of small-scale Herbert Wigwe, said: “We are truly honoured to have farmers clashes or kidnapping, armed robberies and
businesses. been selected as the overall winner in all the separatism in other parts of the country.”
Some blue-chip shares were lower, with Nintendo losing categories of this prestigious award. Sustainability is
1.60 percent at 41,680 yen and Canon trading down 0.47 embedded into every aspect of our business
percent at 4,398 yen. operations. It is simply a way of life for us at Access Noting that the opposition has the right to offer
The idea of the promo, according to the company, is Bank. It is inspiring to receive recognition for our constructive criticism, Mohammed said that such a
Mitsubishi UFJ Financial was down 0.45 percent at 836 to help consumers who have business ideas but longstanding success in adhering to sustainable right was not a liberty to distort facts, engage in crass
yen while its rival Sumitomo Mitsui Financial slipped required some capital to start. Aside from the banking principles.” sensationalism and play politics with national
0.67 percent to 4,884 yen. millionaires, other consumers were rewarded with security.
N100, 000, N5, 000 and millions of airtime. These honours cap-off a year during which the bank
Chinese stocks ended higher on Tuesday, led by has received 14 awards across various categories.
heavyweight banking and gas-related shares. Some of these awards are the Most Sustainable Bank He chided those viewing the security fund from the
The company said that through its Malt drink of the Year Award by World Finance for the seventh prism of partisanship for wrong perception, pointing
The benchmark Shanghai Composite Index advanced ‘Goodness to Greatness’ campaign, which, aims at time; the Most Outstanding Business Sustainability out that the military, as a national institution, serves
0.78 percent, or 25.66 points, to close at 3,306.12. celebrating Nigerians who use their positive can-do Award by Karlsruhe Sustainable Finance Awards for all Nigerians, irrespective of their religion, ethnicity
attitude to turn goodness into greatness. the second consecutive time; five awards presented at or political party.
The Shenzhen Composite Index, which tracks stocks on the recently-concluded Sustainability, Enterprise and
China’s second exchange, climbed 0.43 percent, or 8.13 Responsibility Awards (SERAs) including Most Mohammed said if the military had been better
points, to 1,892.02. Brand Manager Malta Guinness, Ifeoma Agu, said: Responsible Company of the Year Africa (Overall equipped to tackle Boko Haram in the early days of
“This is such an exciting time for Malta Guinness Winner), Best Company in CSR/Sustainability in the insurgency, thousands of lives, including service
“The markets regained some of the ground lost in in Nigeria. West Africa. men’s, could have been saved and the war would have
previous sessions but it is hard to predict if they will ended long time ago.
maintain steam as the end of year approaches,” said Wigwe said added: “While we are delighted by the
Zhang Yanbing, an analyst with Zheshang Securities. Coming straight off the back of an incredible numerous accolades, this level of recognition from our He added: “If the funds meant to equip the military
promotion where we were able to give away regulators is, particularly, significant because it have not been diverted into private pockets, there
South Korean shares closed down 0.54 percent on profit- millions in naira cash prizes, this new set of serves as validation that our tireless efforts are may be no need today to withdraw any money from
taking by investors following last week’s rally. activity from Malta Guinness will blow the minds essential to the development of Nigeria’s the ECA for that purpose.”
of Nigerian consumers. sustainability journey.”
plant for Green Energy He said: “IST is serving the market, it is very
important to the market and that is why we commend
By Haruna Magaji SEC for its support to the IST.
Profit-taking drags
equities to N225b loss
By Haruna Magaji
Bitcoin slumps through $15,000 after biggest rally State Miss Onyeabo Amarachi
representing Abia State, emerged
first and second runner ups,
By Cynthia Adigwe be zero or $1m or anything in between.” Bloomberg Television. Rebound from the respectively. The award given to her,
past week’s selloff portends further “Once a market like this one locks which was an artefact (African queen
The bitcoin fell below $15,000 after the For skeptics doubting whether declines. into those patterns it becomes bronze head in a moulded box),
cryptocurrency’s biggest rally in two individuals and businesses will truly pretty good” to follow via chart- speaks of African culture and
weeks ended a rout that wiped more start using bitcoin as a medium of “It’s much more likely once you’ve made a based analysis, he said.
big downward movement like the one we
symbolic of the Bank’s pride of its
than $9,000 off the price. exchange — as opposed to some
made last week that you have a bigger and heritage.
officially backed digital currency — the Spooner said it was possible
Cryptocurrencies including the bitcoin short-lived more complex correction,” a Sydney-based bitcoin could drop to $5,700 or
have become a subject of controversy in analyst at CMC Markets, Ric Spooner, told $8,700 in coming months. Miss Nigeria focuses on issues that
Nigeria and the Central Bank of Nigeria affect Nigerian women; she is an
has said it is studying the situation. ambassador of culture, of purpose, of
The largest digital coin dropped 6.5 per Investors sell off shares after Yuletide celebration the environment. The ambition of the
new beauty queen is to provide
cent to $14,874 at 11:44 a.m.in New York
on Wednesday, having earlier climbed as Similarly, the banking index lost 0.3 per Bullish investor sentiment also
medical and psychological help for
By Haruna Magaji
much as 3.6 per cent. cent — pressured by Ecobank prevailed in the Treasury bills space, women who are victims of rape as
As businesses opened on Wednesday after Transnational Incorporated and United as the average T-Bills yield declined well as empower them.
Among rival digital currencies, ripple the Yuletide holiday on Monday and Bank for Africa Plc, which shed 2.8 per by 0.44 per cent to settle at 13.86 per
rose by eight per cent, while ethereum Tuesday, investors in the Nigerian cent and 0.8 per cent, accordingly. cent. Yield declines were recorded on Speaking with journalists
and litecoin fell, according to data equities market started the week on a the one-month, three-month and six- immediately after the crowning of the
compiled by Bloomberg. negative note as share sell-offs On the other hand, the insurance index month tenors, while the nine-month new pageant queen, Fela Ibidapo,
characterised trading. closed one per cent higher as investors and 12-month tenors recorded
The relatively quiet day for bitcoin came positioned in NEM Insurance Nigeria Plc respective yield advancements of 0.39
Head of Corporate Communications
on the heels of a five-day slump that The Nigeria Stock Exchange market and Axa Mansard Insurance Plc, which per cent and 0.57 per cent. of Heritage Bank said, “We are
reached 44 per cent at its depths and capitalisation dropped by N225bn to close gained four per cent and 0.5 per cent, partnering with Folio Group to
took the coin below $11,000 on Friday. at N13.483tn from N13.708tn recorded on accordingly, while the oil/gas index gained The average money market rate shed empower women”, adding that this is
Friday. 0.5 per cent, solely on account of Mobil 0.63 per cent to settle at 5.38 per cent what the Daily Times used to be
Just four days earlier, it rose within Nigeria Plc, which appreciated by 4.9 per as the open buy-back and overnight known for and we wants to help them
striking distance of $20,000 after a torrid A total of 425.959 million shares worth cent. rates declined by 0.67 per cent and to revive it. “Our involvement in this
advance that started in early December. N2.121bn exchanged hands in 2,937 0.58 per cent, respectively.
Investor sentiment weakened as indicated
is not because of beauty per se, it’s
deals.
Investors continued to snap up shares in by market breadth which retreated as 14 primarily to empower ladies and
companies often seen as a safer The equities market recorded a 1.6 per stocks gained while 23 declined. women generally; to encourage them
alternative to investing directly in cent decline at the end of trading on Heritage Bank, Group to always put in their best in
cryptocurrency itself. Wednesday to buck a three-day gaining Cadbury Nigeria Plc, Mobil Nigeria Plc whatever they do to make a living.”
streak; thus, paring the benchmark index and Fidelity Bank Plc topped the gainers’ partner on pageant
Digital Power rose in early trading after year-to-date return to 41 per cent. chart, appreciating by 9.9 per cent, 4.9 per
By Ezekiel Enejeta Ibidapo agreed that the impact of the
saying it was boosting its computing cent and 4.6 per cent, respectively while
infrastructure to mine digital coins. On Okomu Oil Palm Plc, Presco Plc and
initiative might not be so visible in
Dangote Cement Plc was the major drag Heritage Bank Plc has partnered with Folio
Track Innovation also advanced. to performance after it shed 3.9 per cent; Nigerian Breweries led the losers’ chart, the short-term period, but he was so
Media Group, publishers of the Daily Times, to
although selling pressure were also sliding by five per cent, 4.9 per cent and organise the 60th anniversary of Miss Nigeria optimistic that it would impact
Bitcoin futures on the CME Group observed in large-cap stocks within the 4.3 per cent, respectively. and the 2017 edition of the beauty pageant. positively on their contributions to
exchange slipped by 3.6 per cent. consumer goods, banking and agriculture the nation-building process in the
Miss Ehiguese Mildred Peace, representing
sectors. However, activity level waxed “Given the significant rise in oil prices in long run. Also speaking, chairman of
Adamawa State, emerged Miss Nigeria at the
Bitcoin’s volatility is adding to an stronger as volume and value rose by recent times and the broadly bullish grand finale of the beauty pageant held at Eko Folio Media Group, Mr. Fidelis
ongoing debate about how to value the 103.9 per cent and 37.9 per cent to outlook for commodity prices for 2018, we Convention Centre in Lagos. Miss Rita Chinedu,
digital coin which has surged about maintain our positive short — to medium-
Anosike said the group would use the
N416.9bn and N2.1bn, respectively. representing Delta State and Miss Benjamin
1,600 per cent this year. term perspective for equities,” analysts at Anne Ufuomanefe, (Ondo State) were first and Miss Nigeria pageant to create a
Sector performance was mixed as three of Afrinvest Securities said in a draft. second runners-up. strong female platform, remarking
“Nobody knows the ultimate value of this the five major NSE indices closed in the that the group has signed a
Miss Cross River, Ana Victoria Lawrence
underlying asset,” the President of the red. The industrial goods index led the In the Treasury bonds space, the average emerged as Miss Emerald Queen, after winning partnership deal with the National
American Institute for Economic losers chart, plunging by 2.6 per cent on yield declined marginally by 0.009 per the task organised by Heritage Bank, which Agency for the Prohibition of
Research, a Massachusetts-based account of sell-offs in Dangote Cement cent to close at 14.06 per cent. Yield centred on assessing the contestants on their Trafficking in Persons (NAPTIP) over
research group, Edward Stringham, said while the consumer goods index trailed, advancements were recorded on two knowledge, complement, fluency, articulation,
on Bloomberg Television. tenors as yields on five tenors declined appearance based on ingenuity and creativity of the next five years to tackle the
closing 1.2 per cent lower, following price
depreciation in Nigerian Breweries Plc, while all others traded flat. the Nigerian contemporary hairstyles. Whilst, scourge of human trafficking.
“We cannot predict whether it’s going to which declined by 4.3 per cent.