NSE advances with N174bn gain

      The bulls maintained grip on stock market activities yesterday as stocks sustained rallies for eight  trading sessions following gains recorded by blue chip stocks as investors positioned to leverage on undervalued stocks.   The key market performance measures, the NSE All Share Index and market capitalisation, rose by 1.40 per cent as market sentiments extended gaining streaks following investors’ sustained optimism on undervalued stocks.   Consequently, the All-Share Index gained 334.06 basis points or 1.40 per cent to close at 24.143.37 as against 23.809.31 recorded the previous…

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Open Skies: ‘Why Nigerian carriers are at disadvantage’

      Despite the Open Skies’ policy otherwise known as the Single Africa Air Transport Market (SAATM), Nigerian carriers are at a very disadvantaged position, according to findings by New Telegraph.   SAATM is a project of the African Union to create a single market for air transport in Africa.   Once completely in force, the single market is supposed to allow significant freedom of air transport in Africa, advancing the AU’s Agenda 2063.   The inability of Nigerian carriers to compete coupled with fragmentation and weakness could throw…

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Analysts: No delivery of new retail mall in H1 2019

  Due to unfriendly economic climate, Nigeria did not record any delivery of new space in the formal retail market in the first half of 2019, Newfieldglobal has learnt.   According to the latest report by Broll Nigeria, although some projects are nearing completion in the core and secondary markets, they are yet to be delivered.   These  uncompleted projects, Broll analysts said  measured below 10,000 square metres (m²) and included the Landmark Retail Boulevard (approximately 6,000m²) and the Simbiat Ikeja Mall in Lagos state (4,900m²); Oshogbo Mall in Osun…

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Minimum wage: Disquiet over salary readjustment

Federal Government’s plan to readjust salaries of those earning above the new minimum wage appears to be dragging it back to the trenches against organised labour, Sunday Ojeme reports The dust raised by the long battle between Federal Government and organized labour over minimum wage may be far from being settled months after the wage increase had been signed into law. The latest swirl is unfolding over the planned salary readjustment of those currently earning above minimum wage based on the approved N30,000. Initial conflicts Although President Muhammadu Buhari, while…

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