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A security guard on Sunday averted what would have been a high casualty from a bomb planted at a church in Plateau State. The ECWA church was filled with worshippers when the private security guard spotted the bomb at the entrance, witnesses told PREMIUM TIMES. The guard picked the bomb and threw it off the church before it exploded instantly. No one was killed from the explosion, although the guard sustained injuries on the leg and is currently being treated, a worshipper said. Another witness said the police anti-bomb squad, on arrival, discovered another explosive device that was planted at the restroom of the church. The ECWA church in Tudunwa is located near the Federal Secretariat in Jos, Jos North Local Government Area of Plateau State. Meanwhile, the police have also said no one was killed from the explosion. The police spokesperson in Plateau, Abuh Emmanuel, told PREMIUM TIMES that anti-bomb experts have been deployed to the scene. “Experts have been sent there immediately to ascertain those who planted the explosion, and possibly, the manufacturers of the device. But I was told no one died in the incident,” he said. The Sunday explosion occurred one week after a similar explosion at a Redeemed Church in Yobe State claimed many lives. http://www.premiumtimesng.com/news/headlines/186527-update-guard-averts-mass-casualty-from-jos-church-explosion.html |
As lull in govt crashes stock market By Emeka Anaeto, Economy Editor A combination of macroeconmic and political factors have forced the Nigerian stock market into massive slide as the market suffered its worst week losses since after the inauguration of the President Muhammadu Buhari’s government in May. Investors lost N271.7bn last week as market capitalization of the Nigerian Stock Exchange (NSE) reduced to N10.8trillion. The market had bounced into a frenzy of bullish run following the successful conduct of the presidential election resulting into massive gains driven by high expectations and positive sentiments. But the market began flip-flop swings week-on-week and, by June, the negative sentiments became predominant. The market did not record a single gain in the first 10 days of July 2015. FILE PHOTO: Nigerian Stock Exchange According to investment analysts, the sharp decline in the market performance and the attendant huge losses to investors were due to the overwhelming influence of the difficult macroeconomic environment which dampened investors’ sentiments. ‘’There has been a general weakness in investors’ sentiments arising from the general macroeconomic conditions that have worsened the profitability of quoted companies at the stock exchange’’, Afrinvest Group, a Lagos-based investment banking group, said last weekend. They had linked the weak sentiment to lack of clear economic policy direction almost two months into the new government. Investors’ sentiments were also said to be dampened with the announcement that ministerial list would not be ready until September, a development which confirmed the earlier position of Renaissance Capital, a world leader in international finance, that 2015 would be a lost year for the Nigerian economy. Many investment advisers are of the view that risk in an operating environment is better than uncertainty, describing the current operating environment in Nigeria as dangerously uncertain and unpredictable. At a parley between Central Bank of Nigeria (CBN) and the Lagos Chamber of Commerce and Industry (LCCI) in Lagos, last week, one of the discussants said: ‘’President was ushered into power over a month ago amidst a frenzy of optimism and hope. Unfortunately, all we have seen is a deafening silence on the economy that has got potential investors glued to their cash. The president and his team are yet to provide a visible economic direction for the country leaving potential investors with no choice but to stay out of the market. Some who had shares consider his muteness a bad sign and have also decided to sell-off. Investors hate uncertainty’’. A cursory look at the movements in the individual sectoral indices showed that the only month-on-month gain was recorded in the NSE Industrial Index with a gain of 1.99 per cent, as some stocks in the Index continue to offer upward potential in their prices. All other sectoral indices recorded month-on-month losses. The highest month-on-month loss was recorded in the NSE Banking Index with a loss of 6.03 per cent, followed by the Insurance Index with a loss of 3.51 per cent. Analysts at FSDH Merchant Bank Ltd., who also agreed that the operating environment is very unhealthy, said the outlook for July is not going to be better. ‘’We don’t expect a major improvement in the earnings of the quoted companies in second quarter of 2015 (which would have driven a market recovery)’’, one of the analysts said. In fact, the analysts forecast that the market may drop further this month, adding that the policy direction of the Buhari administration may set the path that the equity market would follow in the short term. |
richybanky:Apc laid d foundation |
UnknownT:Jonathan called dia bluff off Nd dey stop buying our oil and refuse to sell weapons under guise of human rights Once d East (Russia hitherto Ukraine, China) supply us ammunition within 6 weeks it was cleared in the eyes Nw buhari came in (after GEJ foil their prophecy) they start romancing him d career praise singers says our image is changing Even saddle with debt running into trillions of dollars dey still find it possible to donate $5m And some think Na love dey love us reach dat level? |
richybanky:Are ur likes already missing the seat tanoids now occupy See Karma in Gucci and prada cum top am with givenchy |
AshiwajuFoward:Gud But with NEC half filled with nPDP Atiku might take it ooo |
They should save us stories #TheRealWailers #Dullardist |
AshiwajuFoward:Who will decide who will bag d BoT? |
As the governing All Progressives Congress gets set to appoint a chairman for its Board of Trustees, a group with ties to former Vice President Atiku Abubakar has called on the leadership of the party to appoint the former VP into the position. APC is set to appoint the BoT Chair at a meeting slated for July 20 in Abuja and feelers from the party secretariat shows that the race to the chairmanship position is largely between Atiku and a former Governor of Lagos state, Bola Tinubu, a senior leader of the party. Adamawa Think Tank, comprising of politicians and professionals from Adamawa state, Saturday, said Atiku is the best bet because according to them, “he fits the office”. The chairman of the group, Danladi Danasabe, who spoke to PREMIUM TIMES over the telephone said “the party at present is enmeshed in crisis following the election of new leaders for the national assembly and what we need is a person with experience in handling such issues to come on board and take us back on track”. He also said it would be wrong to “even consider Tinubu, because he is part of the problem”. “All that is happening now is because Tinubu tried to impose some people on our lawmakers and they rejected, so appointing him now with a view to solving the problem simply amounts to a judge presiding over his own case,” Mr. Danasabe said. He added although the former Lagos Governor made tremendous sacrifice leading to the success of the APC, he said, his “brand of politics and approach to issues may lead to a serious crash”. Vanguard reported on Saturday that in spite of opposition from some members of the party’s National Working Committee, NWC, odds still favour Mr. Tinubu. The paper reported that some NWC member fear that Mr. Tinubu may use the office to attack most them especially the National Chairman of the party, John Oyegun, as well as the Senate President, Bukola Saraki, and Speaker, House of Representatives, Yakubu Dogara, who are both in his bad books following the National Assembly leadership election. http://www.premiumtimesng.com/news/more-news/186486-apc-board-of-trustees-group-roots-for-atiku.html |
bash4us:What rubbish is this 1 saying Jona is not magician Unlike ur messiah |
If you think [size=18pt]Buahri deserve the very same support his party gave to GEJ click like if not click share [/size] |
we can all see boko is getting weaker |
engrlarex:What's happening in the tribunal?? |
OJUcrook:
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seunmsg:Lol Goan check ur NEC and u will knw all tinubu need is to have no rival for the post Expect that he's a goner |
donphilopus:Lol I just love ur gullibility Wike broke into a stadium renovated by Amaechi Using his father's money? Or ur money Lol Thus change is gud one ooo |
freeage7:http://mp4mobilemovies.net/index.php |
StOla:U too go dey claim u get brain ooo Hw did cutting salary by 50%<on paper) cut down the 1bn/per yr Hw many of the Presidential fleets has ur dullard messiah sold Nd GEJ didn't approve the 400m car it simply said buahri should take a decision on that Grow a Brain |
nduchucks:Lol another ruffian threatening me with ban Get at it on time Ike didn't alter the Standing rules The "bureaucracy" cases did Go find who's "bureaucracy" is/are Not ike |
nduchucks:Lol Mumu Goan ask Akume to provide the 'bureaucracy' that allows him contest in d 6th Assembly |
francizy:Lol don't mind the dullardist They will keep cutting dem sef off |
mrvitalis:Amaechi did more than 20 Streets in diobu in 8yrs Nd Wike should have done 30 in 2+months Pls switch from Zimbabwean weed to my state weed osogbo weed Cuz d Zimbabwean weed is too cheap |
double0seven:And those that are yet to do this Hw have they make lyf |
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