Chukwumah Kelechukwu

By CHUKWUMAH  KELECHUKWU    Stocks balked on Wednesday, giving up part of 1.21 percentage gain recorded previous day following price depreciation in bluechip Nestle (-2.0%), Dangote Cement (-0.6%) and Guaranty Trust Bank (-0.9%).…

CHUKWUMAH KELECHUKWU The Central Bank of Nigeria has issued licences to three new deposit money banks (DMBs), bringing the number of banks to 23. An updated list of licensed banks posted on CBN website showed that the new deposit money…

CHUKWUMAH KELECHUKWU  Nigeria’s equity market turned bullish on Tuesday after the national assembly announced President Buhari’s list of ministerial appointees just as the Central Bank of Nigeria (CBN) decided to leave benchmark…

CHUKWUMAH KELECHUKWU Central Bank of Nigeria (CBN) Monetary Policy Committee, has retained benchmark interest rates at 13.5 per cent. Rising from its bimonthly MPC meeting on Tuesday, July 23, 2019 the CBN Governor, Mr Godwin Emefiele,…

By CHUKWUMAH KELECHUKWU Sophie Ajewole, a resident of Egbeda in Lagos woke up 9am, for an interview scheduled for 11am at the highbrow Lekki, also in Lagos state. She hurriedly booked a taxi cab, hoping to get some money from an Automated…

CHUKWUMAH KELECHUKWU The Chief of the Air Staff (CAS), Air Marshal Sadique Abubakar, has directed the Chief of Administration at the Headquarters NAF, Air Marshal Kingsley Lar, to come up with modalities to reward Nigerian Air Force…

By Chukwumah Kelechukwu For the new directive to commercial banks to improve credit to 60 percent of deposit to work, the Central Bank of Nigeria (CBN) will need to urgently address hindrances to lending so as to avoid a rise in…

CHUKWUMAH KELECHUKWU  From N24.387 trillion as of December 31, 2018, Nigeria’s debt stock accelerated 2.30 percent to N24.947 trillion as of March 31, 2019 with domestic debt component accelerating faster than external debt. Debt…

By Chukwumah Kelechukwu The agreement by Airtel management and the issuing houses to give 10,000 units of the stocks to every willing stockbrokers for trading on the day of listing made Tuesday listing by the telecom firm successful, a…

 CHUKWUMAH KELECHUKWU  Equities investors on Nigerian Stock Exchange (NSE) recouped N7.46billion on Monday, July 8, giving some respite to the bleeding market which lost over N303billion in a weeklong bearish trade last week ended July 5.…