Gold investors are kidding themselves if they’re counting on a “bitcoin bump” for gold prices. It is of course understandable why long-struggling gold GCQ8, -1.03% investors are hoping for such a boost. Bitcoin BTCUSD, +21.70% is up more than 11,000% year-to-date, while gold bullion has gained 11%. The yellow metal has even lagged the stock market: the S&P 500 SPX, +0.34% has gained 20% since […]
Federal Government of Nigeria (FGN) N100bn Debut Sukuk Offer Opens For Sale to the Public
Federal Government of Nigeria (FGN) N100bn Debut Sukuk Offer Opens For Sale to the Public FBN Merchant Bank Limited and Lotus Financial Services Limited have been appointed as Joint Financial Advisers to the Debt Management Office (DMO) of the Federal Government of Nigeria on the inaugural FGN N100 billion Sukuk offer. The offer was opened […]
AXA Mansard’s half-year gross premium rises by 36 per cent, posts N17.9 billion
AXA Mansard Insurance Plc, a member of the AXA Group announced gross premium of N17.95billion in its half-year performance, against N13.22billion achieved in the corresponding period in 2016. Specifically, the firm’s unaudited result for the period ended June 30, 2017, showed 36 per cent rise in gross premium from N13.22billion recorded in 2016 to N17.95billion […]
Lagos is the key economic area in Nigeria, now and in the future
Given its size and location, Lagos is likely to remain Nigeria’s economic powerhouse Lagos is the only coastal megacity in Africa, and has the only international port in Nigeria making it especially attractive for goods exports. 17 million people live in Lagos compared to 5 million a decade ago, providing a significant consumer market and […]
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