Business
Expert Forecasts Tremendous Growth In Capital Market
An expert and practi
tioner in the security and exchange market, Lucas Ajanaku has said that Nigeria’s Capital market will witness a tremendous growth after the 2015 general elections.
Ajanaku who made this assertion while interacting with journalists in Port Harcourt, shortly after a function, said that the nation’s capital market had enough liquidity capable of seeing it through any difficulties.
According to him, speculations that the trading liquidity of the ‘over-the-counter (OTC) markets is weak are unfounded because the yield levels of the capital market are very attractive.
He said “after the general elections, the economy will swing on the upward trend because it has been positioned for growth due to its yield levels which are very attractive.
According to him, the OTC market is still very attractive and we expect this to continue. The investors in this segment will hold on because they have a lot of stake in the market.
“The liquidity of the market inspite of all odds has remained strong, following the increase in the trading of FOREX”, he said.
On JP Morgan’s negative outlook of Nigerian’s bond, he said that the bond market would soon reband, adding that enough evidence had been provided to JP Morgan by the regulatory bodies to ensure the Federal Government bonds return to JP Morgan Index.
He stated that the exodus of foreign investors from the nations bourse was not enough to envisage a perpetual lull in the capital market, pointing out that the country would witness the return of more foreign investors when the economic indices would have grown stronger.
Corlins Walter
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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