Long term loans (bonds) contracted by companies from Nigerians through the capital market on fixed interest rate has risen to N536.07 billion. The rise in corporate bond issuance in recent time has been attributed to the apathy of investors toward shares which prices have shrunken considerably. However there is growing concern that corporate bond yields will soon burst as the Federal Government plans to raise funds from the bond market to finance the 2016 budget.

Former President, Institute of Directors, IOD, and Vice chairman/ Chief Executive Officer, ICON Stockbrokers Limited, Mr. Chike Nwanze, has called for restructuring of the 36 states of the federation into six regional governments.

Investors in the Nigerian Stock Exchange, NSE, last week lost N17 billion as bears continue to tighten grip in the market. At the close of trading session on Friday, the market capitalisation of all listed equities, which opened at N9.910 trillion fell to N9.893 trillion, represnting 0.17 per cent decline. Also, the second performance measurement indicator, the All Share Index, ASI, fell to 28,805.45 points from the opening figure of 28,854.98 points, indicating 0.17 per cent decline.

IF the news recently making the round and stories on the pages of our dailies focusing on students attired in religious apparel is something to go by, the educational system in Osun State, even other states in the South-West are heading to a precipice. Parents and guardians, indeed, Nigerians should have cause to worry now for these children who are the future leaders of tomorrow.

UYO—Governor Udom Emmanuel of Akwa-Ibom State has lamented that due to paucity of funds occasioned by the prevailing economic regime, his administration would no longer intervene in the erosion challenges across the state even when many streets in Uyo, the state’s capital get flooded and empty into residential buildings when there is heavy rainfall.