Monthly Archives: May 2011

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Bank lending should rise significantly in the second quarter of the financial year once the April 2011 elections, which have prompted a slowdown, are over, according to Bisi Onasanya, group managing director and chief executive officer of First Bank Nigeria. Mr Onasanya told Oxford Business Group (OBG), a consultancy firm, that financial risk exercises undertaken last year by the Central…

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Operators at the Nigerian Stock Exchange (NSE) are optimistic that some of the successes recorded at the just concluded elections in the country should restore investors’ confidence and further boost market performance. Finance analysts at Vetiva Capital Management Limited, a financial service company, said the market is expected to perform better in the coming months, barring any negative surprises on…

Michael Itegboje, the president of the Chartered Institute of Stockbrokers (CIS), says stockbrokers should not be singled out for the stock market crisis that was also due largely to regulatory lapses. How would you assess the capital market in the first quarter of the year? Nothing much has changed except that the market is a bit more stable now, unlike…

Food price hikes are hitting Africa’s urban populations harder now than in 2008 and pose a serious challenge to some of the continent’s leaders, who face elections this year, a World Bank official said. Policy makers across the globe are fighting rising food prices, currently 36 per cent higher than levels this time last year and near peaks from 2008,…