Retail investors have not sufficiently returned to stock market — Afolayan
The main challenge facing stockbroking firms at the moment is that of volume of business. Trades in the market have been largely done by institutions (mainly foreign) while the domestic retail investors have not sufficiently returned to the stock market since the financial crisis of 2008/2009. There are a few stockbrokers working with these foreign institutions who collectively control the major volumes traded in the market. Foreign investors are also very sensitive and any information that reflects uncertainty in politics and government policies trigger a fast withdrawal from the market which results in high levels of volatility.
Uber to decongest Lagos, boost employment
General Manager, Uber Nigeria, Ebi Atawodi has said that the taxi service, Uber will create more jobs and decongest Lagos when the service has achieved maximum uptake within the city. She stated this during a press briefing in Lagos last week. According to her, the Uber service is pushing for fewer cars on the road globally using the technology while increasing utilisation and efficiency.
APC calls for removal of INEC Resident Commissioner in Enugu
THE leadership of All Progressives Congress, APC, in Enugu State has called for the removal of INEC Resident Electoral Commissioner in the state, Professor Chukwuemeka Onukaogu, over alleged nocturnal visit to a local government chairman.
DELTA GOV: Unemployed graduates root for Emerhor
A Deltan Youth group made up of unemployed graduates, The Political Credibility Alliance, has endorsed Olorogun Otega Emerhor of the All Progressives Congress, APC, as its candidate for the governorship election of Delta State.
Christians and ethnic politics
WE are barely three weeks from the Presidential/National Assembly (Senate and House of Representatives) election and another two weeks after, there will be the Governorship/State House of Assembly elections. The closeness of the elections this season has resulted in various tactics to win votes. One troubling approach is the use of religion and ethnocentrism by various candidates.
Delta community protests killing of 38-yr-old leader
UGHELLI —Hundreds of residents and indigenes of Oteri in Ughelli North Local Government Area of Delta State, weekend, took to the streets to protest alleged extra-judicial killing of the vice chairman of the community, Mr. Blessing Unuesefe.
