Tokunbo Ishmael, Principal Partner in Alitheia Capital, says value of impact investment in Africa has the potential to exceed 500 billion dollars over the next decade. Mrs. Ishmael described impact investing as investment strategy whereby an investor proactively seeks to place capital in business that would have intentional social or environmental goal. She made the observation in an article on…
The market capitalisation of equities at the Nigerian Stock Exchange, on Monday, rebounded to N8.086 trillion as investors scramble for Transcorp and banks' stocks. The market capitalisation had plunged middle of last month from the N8 trillion region following low confidence in the market as a result of political uncertainty. However, the Exchange's capitalisation of the 194 First-Tier equities closed…
Nigerian stocks rose their most in more than one month on Monday to the highest since mid-March as the completion of presidential elections held the promise of renewed inflows of foreign money. Although rioting erupted in largely Muslim northern Nigeria after results showed victory for President Goodluck Jonathan, Nigeria's All-Share Index rose 2.8 percent to cross the psychologically important 25,000…
In its bid to boost sanitation coverage in Nigeria, the National Task Group on Sanitation (NTGS) is set to establish an international centre for information on sanitation in the country. Obioha Agada, the Chairman of the group, disclosed this on Monday in Abuja in an interview. Mr. Agada, who also is an acting Director in the Federal Ministry of Water…
Governor Olusegun Mimiko of Ondo State yesterday described the victory of President Goodluck Jonathan in the last Saturday's election as a call to duty. Mr. Mimiko in a congratulatory message sent to the president through his chief press secretay, Mr. Kolawole Olabisi, said the victory was well deserved. While defending the choice of Mr. Jonathan by the Labour Party, Mr.…
The Cross River State police command has deployed a team of anti-riot police men to Bogobiri, an area in Calabar populated by northerners, mainly Hausa Fulani. An armoured tank has been stationed in the area. Another team of policemen has also been dispatched to Nasarawa Bacoco which is about 14 kilometers from Bogobiri. The policemen are expected to ensure that…
Denrele leaves Soundcity Controversial Soundcity vee-jay, Denrele Edun, has confirmed his resignation from the popular urban music channel, Soundcity. The popular presenter, who is famous for his peculiar lifestyle as well as for impressively conducting many red carpet interviews for the music channel, revealed that he voluntarily left his job of six years to pursue some other personal dreams. "I…