Breaking News in Nigeria Today Monday 14th October 2024
Here are some of the Breaking News in Nigeria Today Monday 14th October 2024 on some of the nation newspapers .
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Curbing Rising Insecurity How Rising Insecurity Can Be Tamed, By Lawyers
ShareFRANCIS IWUCHUKWU writes that lawyers have decried the rising trend of insecurity in the country, particularly in the northern region, and are calling on those in position of authority to exhibit political will to deal frontally with the menace Some senior lawyers have stressed the need for those occupying position of authority to exhibit political…
New Telegraph.
Edo 2024: PDP, APC Battle Over Alleged Attempts To ‘Doctor’ Poll Materials
ShareIt’s rare for an election loser in Nigeria to move to lodge a petition at the tribunal for a retrieval of the alleged “stolen mandate” they often claim the people have given to them at the poll. Whatever the degree of their grievances, the election loser will wait till the 11th hour before filing a…
New Telegraph.
BlackRock Hits $11.5trn Of Assets As Private Markets Grow
ShareBlackRock Inc.pulled in $160 billion of client cash to its long-term investment funds last quarter, pushing the world’s largest money manager to a record $11.5 trillion of assets as it seeks to become a one-stop shop for stocks, bonds and, increasingly, private assets, according to Bloomberg. Investors added $97 billion to exchange-traded funds and $63…
New Telegraph.
Bank, FinDev Canada Partner To Boost Sustainable Finance
ShareTo increase access to sustainable finance in Nigeria, Canada’s Development Finance Institution, FinDev Canada, has provided a loan of up to $40 million to Stanbic IBTC. According to a press release, the loan to Stanbic IBTC, a member of Standard Bank Group, Africa’s largest bank by assets, paves the way to a long-term partnership in…
New Telegraph.
BIS Seeks More Detailed Monitoring Of Bank Liquidity Risks
ShareBanking supervisors should ensure that individual entities of global banks have sufficient liquidity rather than just monitoring risks at group-level, the Bank for International Settlements (BIS), said over the weekend, in research on last year’s banking crisis. In a report to G20 finance ministers and central bank governors, the BIS, the umbrella body for central…
New Telegraph.
FDC Forecasts 32.37% Inflation For September
ShareAfter declining for two consecutive months in July and August, Nigeria’s headline inflation likely rose to 32.37 per cent in September 2024, Financial Derivatives Company (FDC) has predicted. In a report released over the weekend, the firm said its forecast was conditioned on new petrol prices, which, it said, led to higher transportation and logistics,…
New Telegraph.
Fourth Republic On Trial
SharePoliticians need some lectures in history to navigate their way out of crisis, especially in the Fourth Republic which is gradually petering out of its 25th year, the longest democratic regime since Nigeria became independent in 1960. In the First Republic, the 1964 Federal Elections and the corollary Western Region Elections of October 15, 1965…
New Telegraph.
DMO Lists Savings Bonds For Subscription In October
ShareThe Debt Management Office (DMO) has offered two Federal Government of Nigeria (FGN) bonds for subscription in October at N1,000 per unit. According to a statement issued by DMO, the first offer is a two -year FGN savings bonds due in Oct. 16, 2026 at an interest rate of 17.084 per cent per annum. The…
New Telegraph.
US Stocks Rise Amid Big Bank Earnings, Inflation Data
ShareUS stocks gained ground on Friday as big US banks got earnings season underway and investors weighed the likely impact of a hot inflation print and unchanged wholesale inflation on Federal Reserve policy. The Dow Jones Industrial Average (^DJI) rose nearly one per cent as big bank financial updates rolled in. The S&P 500 (^GSPC)…
New Telegraph.
Group Lauds Tinubu Over Increase In Foreign Portfolio Investments
ShareTinubu Media Support Group (TMSG) has described as positive development worth celebrating, the 360 per cent growth in Nigeria’s foreign portfolio investments (FPIs) in the first quarter of 2024. The TMSG Chairman, Mr Emeka Nwankpa, stated this in a statement on Friday in Abuja. Nwankpa noted the quantum leap in FPIs from $756.1 million in…
New Telegraph.
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