IN an earlier article, (May 2014), this writer explained why further naira devaluation would constrain demand and economic growth, and also deepen poverty.  Furthermore, an unyielding, suffocating, self-inflicted, unusual burden of surplus Naira was also identified as the primary cause of weaker Naira exchange rates, despite, relatively, bountiful dollar reserves, since 1999.”

Royal Excel Mouscron came into yesterday’s Belgian First Division A tie at Anderlecht knowing they had to get a result to improve their chances of avoiding relegation.

GROUP Managing Director, Royal Exchange Plc, Alhaji Auwalu Muktari, has been named the most outstanding Chief Executive Officer of the Year in the insurance sector, by the Independent Newspapers.

AS the bulls resurged at the Nigerian Stock Exchange, NSE last week, after the momentary banking sector shake-down in the first two trading days, Nigerian Breweries Plc, NB, may be a key beneficiary ahead of this week’s rally. But this is also coming against a major investment analysts’ downgrade of the stock.

Last week, investors in the stock market went into frenzy after the Central Bank of Nigeria, CBN, directed banks with huge non-performing loans (NPL) and Capital Adequacy Ratio( CAR) below the required standard, not to pay dividend. In this interview, Alhaji Rasheed Ola Yussuf, Managing Director, Trust Yield Securities Limited, threw more light on the new dividend policy, saying that it is meant to protect stakeholders in those banks.