₦airaland Forum

Nigerian Stock Market in 'Python Dance' Mood, Further Falls by 0.38%
https://www.businesspost.ng/2017/09/18/nigerian-stock-market-in-python-dance-mood-further-falls-by-0-38/

GCR Affirms AA+(NG) Rating on Dangote Cement
https://www.businesspost.ng/2017/09/18/gcr-affirms-aang-rating-dangote-cement/

GCR Affirms A-(NG) Rating on First Bank With Stable Outlook
https://www.businesspost.ng/2017/09/18/gcr-affirms-ng-rating-first-bank-stable-outlook/

By Dipo Olowookere

The Nigerian Army has said it would conclude its Operation Python Dance II in the south east region of the country on Saturday, October 14, 2017.

Deputy Director of Public Relations at the 82 Division of the Nigerian Army, Colonel Sagir Musa, disclosed in a statement that the field training exercise code named Exercise Egwu Eke (Python Dance) II, which kicked off on September 15, 2017, is meant to sharpen the skills the troops in the conduct of internal security operations.

Colonel Musa further said the exercise was also aimed to combating the security challenges in the South East, pointing that the army was well equipped to deal with the rising cases of insecurity such as kidnappings, farmers-herdsmen clashes, cultism, armed robbery, communal crisis, violent secessionist agitations, insurgency among others.

“For emphasis, it is necessary to restate that the exercise and similar ones with different coded names in some parts of the country were deliberately initiated and conducted with an overarching aim of checkmating identified security challenges prevalent in the regions where they were carried out.

“Some of the successful military exercises include: Operation Sharan Daji in tackling livestock rustling and armed banditry in the Northwest; Operation Awatse to tackle militants and oil installation vandals in South-West, especially in the creeks between Lagos and Ogun States; Operation Shirin Harbi in addressing restiveness in the North-East, especially Bauchi and Gombe States; Op Shirin Harbi in containing the rein of killers in Southern Kaduna; Op Harbin Kunama in resolving rustling and armed banditry in forest along Sokoto-Zamfara axis and Op Crocodile Smile, popular in the South-South to combat Criminal elements engaged in the destruction of oil pipelines and installations,” he said.

The army spokesman urged law abiding citizens to go about their normal businesses without fear, emphasising that the exercise “is not targeted at any individual or group.”

Recall that the first Python Dance exercise was carried out in the South Eastern Region from November 27 to December 27, 2016.

The peculiar security challenges in the region such as kidnapping, abduction, armed robbery, farmers/herdsmen clashes, communal crisis, traffic gridlock and violent secessionist agitation among others as the targets of this exercise were successfully addressed.

The concept of the current exercise, like the previous one is purely Command Post, Field Training and Real-Time Exercise, the army said.

It added that the exercise is aimed to enhance troops’ agility and preparedness across the spectrum of contemporary and emerging security challenges peculiar to South Eastern region.

The statement pointed out that the exercise is three in one, in that – it was – deliberately designed as – a Command Post Exercise that transmuted into Field Training Exercise and where necessary dovetailed into real-time mission or activities such as anti-kidnapping drills, patrols, raids, cordon, and search, check points, road blocks and show of force.

The army said one interesting aspect of the exercise is that it is multi-agency in nature and execution.

Relevant para-military organizations such as elements of the Nigerian Police Force, Nigerian Security and Civil Defence Corps, State Security Services and Federal Road Safety Commission synergized and collaborated to ensure successful execution and attainment of outlined objectives.

Also, the non-reliance on only military line of operation to achieve the end states of the exercise was part of the texture of the strategy.

For this reason, an elaborately generous civil-military cooperation line of operation had been successfully planned and executed during this exercise, the statement said.

“In this regard, some relevant Nigerian Army Corps and Services such as the medical corps and engineers corps carried out medical outreaches, roads and schools repairs across the South Eastern region.

“On the whole, the exercise has numerous objectives. Some of which are; to practice participating units on planning, preparation and conduct of internal security operations, intensify training on counter terrorism and internal security operations as well as to deter the activities of kidnappers, cultists, armed robbers and violent secessionist agitators.

“Others are – synergizing with relevant Para- Military services to address the identified threats and sharpening the skills of troops towards curtailing current and emerging security challenges peculiar to the South Eastern region,” the Army noted.

https://www.businesspost.ng/2017/09/17/nigerian-army-end-operation-python-dance-ii-october-14/

Nigeria’s Debt to GDP Ratio to Hit 23% 2017-2020—S&P
https://www.businesspost.ng/2017/09/17/nigerias-debt-gdp-ratio-hit-23-2017-2020-sp/

We’re Not Happy With State of Affairs in Oando—Shareholders
https://www.businesspost.ng/2017/09/16/were-not-happy-with-state-of-affairs-in-oando-shareholders/

CBN Sells N197.3b Treasury Bills This Week
https://www.businesspost.ng/2017/09/15/cbn-sells-n197-3b-treasury-bills-week/

Ikeja Hotel to File 2014, 2015, 2016 Financial Statements Next Week
https://www.businesspost.ng/2017/09/15/ikeja-hotel-file-2014-2015-2016-financial-statements-next-week/

NSE Posts N15.4b Turnover in 5 Days as Index Sheds 2.65%
https://www.businesspost.ng/2017/09/15/nse-posts-n15-4b-turnover-5-days-index-sheds-2-65/

DMO Releases FGN Bond Issuance Calendar for Q3
https://www.businesspost.ng/2017/09/15/fgn-bond-issuance-calendar-q3/

Nigeria’s Inflation Drops to 16.01% in August
https://www.businesspost.ng/2017/09/15/nigerias-inflation-drops-16-01-august/

Nigeria’s Inflation Drops to 16.01% in August
https://www.businesspost.ng/2017/09/15/nigerias-inflation-drops-16-01-august/

Subscription for FG’s Sovereign N100b Sukuk Begins
https://www.businesspost.ng/2017/09/15/subscription-fgs-sovereign-n100b-sukuk-begins/

Subscription for FG’s Sovereign N100b Sukuk Begins
https://www.businesspost.ng/2017/09/15/subscription-fgs-sovereign-n100b-sukuk-begins/

By Modupe Gbadeyanka

According to the newly released Africa Risk-Reward Index developed by Control Risks and Oxford Economics, Kenya and Ethiopia may soon outshine Africa’s economic giants; Nigeria, South Africa and Egypt, in the competition for investments.

It was only this month that Nigeria and South Africa exited recession, but rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets is still favourable for businesses.

In the report made available to Business Post, Senior Analyst for Africa at Control Risks and lead-author of the report, Mr Paul Gabriel, commented that, “Experienced investors – not only in Africa, but around the world – know that risk and reward are close companions.

“While no serious investor should overlook the economic giants of the continent, real competitive edge can only be achieved when investors manage to stay ahead of the pack in knowing what’s next.

“The Africa Risk-Reward Index helps investors to identify some of the more hidden investment opportunities in times where the heavy-hitters are struggling.”

Key findings of the report showed that Nigeria and its energy sector are too big to lose their appeal because the country’s reward score is 6.0 (out of 10), ahead of South Africa and Egypt.

Nigeria’s charms, however, fade against a risk score of 7.3 (out of 10), as President Muhammadu Buhari’s government struggles through its first term.

A fall in oil prices and lower production due to insurgent attacks in the Niger Delta have slashed growth from 6.3 percent in 2014 to 2.7 percent in 2015 followed by a sharp contraction of 1.6 percent last year.

Economic indicators for this year are more favourable, but still the report forecasts a real GDP growth of only 1.1 percent in 2017.

On the part of South Africa, its risk score of 5.0 remains below the region’s average, but the reward score of 4.6 is also low.

Whilst the country enjoys a deserved reputation as Africa’s pre-eminent constitutional democracy, several of its key institutions have gradually weakened over the past decade.

Economic prospects are closely linked to the outcomes of the ANC’s national conference in December.

The forecasted real GDP growth of 0.5 percent for 2017 is below population growth and certainly insufficient to reduce South Africa’s staggering 27.7 percent unemployment rate.

The report also said Egypt will test the most ardent optimist. President Abdul Fatah al-Sisi’s political position is stable, despite a series of economic and security challenges, reflected in the country’s risk score of 6.0.

Socio-economic grievances, a government crackdown on opposition and Islamist groups and persistent militancy will continue to have an impact on the business environment. The tourism sector remains depressed.

The country’s reward score of 5.5 reflects the measures the government has taken since mid-2016 to address its fiscal problems.

Real GDP growth is expected to slow in 2017 (to 3.8 percent, from 4.3 percent in 2016) owing to a slowdown in government and private consumption.

Ethiopia outperforms every African peer with its high reward score of 8.0. Notably, it attracted $3.2 billion of foreign direct investment in 2016 – more even than Nigeria, and double the figure for Morocco.

The East African nation is one of Africa’s fastest growing economies and continues to offer strong prospects.

Growth averaged 10 percent from 2010 to 2015 and although 2016 growth was slower at 6.5 percent the expansion remains impressive.

However, the omnipresent role of government in the economy raises concerns relating to public sector efficiency and financial management.

External debt is expected to increase to 38.7 percent of GDP by the end of this year, leading to a risk score of 5.8.

Kenya has achieved a period of strong GDP growth amid relative political stability: real GDP growth averaged at 6.0 percent in 2010-16. The 2017 growth forecast is at 5.4 percent. The country’s reward score is 6.7.

A well-educated workforce and an innovative service sector, the government’s continued investments in upgrading critical national infrastructure, and deepening integration with its neighbours through the East African Community (EAC) all allow the country to act as a gateway into the larger East Africa region.

Current fiscal concerns and a political system that remains closely tied to ethnic affiliation contribute to a risk score of 5.6 and reflects considerable room for improvements.

https://www.businesspost.ng/2017/09/14/investors-may-soon-dump-nigeria-sa-egypt-kenya-ethiopia-report/

Bamz:
Can anyone confirm this?

Yes, according to CBN's calendar, there would be an auction next Thursday. View here https://www.businesspost.ng/2017/09/14/nigerian-treasury-bills-issue-programme-fourth-quarter-2017/

Investors May Soon Dump Nigeria, SA, Egypt for Kenya, Ethiopia—Report
https://www.businesspost.ng/2017/09/14/investors-may-soon-dump-nigeria-sa-egypt-kenya-ethiopia-report/

Nigerian Equities Sustain Upward Trend With N70b Gain
https://www.businesspost.ng/2017/09/14/nigerian-equities-sustain-upward-trend-n70b-gain/

Investors May Soon Dump Nigeria, SA, Egypt for Kenya, Ethiopia—Report
https://www.businesspost.ng/2017/09/14/investors-may-soon-dump-nigeria-sa-egypt-kenya-ethiopia-report/

Nigerian Equities Sustain Upward Trend With N70b Gain
https://www.businesspost.ng/2017/09/14/nigerian-equities-sustain-upward-trend-n70b-gain/

CBN to Sell N917b Treasury Bills in Fourth Quarter
https://www.businesspost.ng/2017/09/14/cbn-sell-n917b-treasury-bills-fourth-quarter/

6 Simple Reasons Banks Won't Grant Your Business Loan Request
https://www.businesspost.ng/2017/09/14/6-simple-reasons-banks-wont-grant-business-loan-request/

CBN to Sell N917b Treasury Bills in Fourth Quarter
https://www.businesspost.ng/2017/09/14/cbn-sell-n917b-treasury-bills-fourth-quarter/

Nigerian Treasury Bills Issue Programme for Fourth Quarter 2017
https://www.businesspost.ng/2017/09/14/nigerian-treasury-bills-issue-programme-fourth-quarter-2017/

Nestle Lifts Nigerian Stocks by 0.19% to Halt 3-Day Loss
https://www.businesspost.ng/2017/09/13/nestle-lifts-nigerian-stocks-0-19-halt-3-day-loss/

International Breweries Changes Financial Year End
https://www.businesspost.ng/2017/09/13/international-breweries-changes-financial-year-end/

sellydion:
DIPO Olowoo
PeterRich
Dollartex
Richie9093
business sport Ng

All the above seems to be one person. No need to play on people mind.

Unfortunately, you are totally wrong. I don't think there is need for that.

5 Things Nigerians Must Consider Before Investing in Bitcoin
https://www.businesspost.ng/2017/09/13/5-things-nigerians-must-consider-investing-bitcoin/

5 Things Nigerians Must Consider Before Investing in Bitcoin
https://www.businesspost.ng/2017/09/13/5-things-nigerians-must-consider-investing-bitcoin/

Stock Recommendation For The Week (September 11)
https://www.businesspost.ng/2017/09/12/cbn-reviews-limits-mobile-money-wallets/

August 2017 Inflation to Drop to 15.99%—FSDH
https://www.businesspost.ng/2017/09/12/august-2017-inflation-drop-15-99-fsdh/

Oando Shareholders Stay Solidly Behind Tinubu, Retain Him as GCE
https://www.businesspost.ng/2017/09/11/oando-shareholders-stay-solidly-behind-tinubu-retain-gce/

BREAKING: Protest at Oando 40th AGM in Uyo
https://www.businesspost.ng/2017/09/11/breaking-protest-oando-40th-agm-uyo/

Sept 2017 FGN Savings Bond Opens Today
https://www.businesspost.ng/2017/09/11/sept-2017-fgn-savings-bond-opens-today/

Sept 2017 FGN Savings Bond Opens Today
https://www.businesspost.ng/2017/09/11/sept-2017-fgn-savings-bond-opens-today/

Tension as Oando 40th AGM Finally Holds Today in Uyo
https://www.businesspost.ng/2017/09/11/tension-oando-40th-agm-finally-holds-today-uyo/

NSE Holds Seminar on Direct Cash Settlement, Dematerialization
https://www.businesspost.ng/2017/09/10/nse-holds-seminar-direct-cash-settlement-dematerialization/


CBN Stops Issuance of Physical Certificate of Capital Importation From Monday
https://www.businesspost.ng/2017/09/08/cbn-stops-issuance-physical-certificate-capital-importation-monday/