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Emefiele’s Ingenuity Improves Nigeria’s Equity Market – CNN

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By Our Correspondent with agency reports
The ingenuity of Governor Godwin Emefiele, the head of the Central Bank of Nigeria, CBN, in the management of the foreign exchange market helped notch Nigeria’s stock market to be amongst the five (5) top performers in 2017, topping equities markets of most major European, Middle Eastern and Asian countries.
A CNN report, which examined the performances of global equities’ markets, listed the United States stock market (Average 25%), Nigeria (43%), Turkey (43%), Argentina (73%) and Hong Kong (35%) as the major outperformers. Qatar was listed as the “Biggest loser” down 19% this year despite the big recovery of crude price. The small nation’s economy has been under pressure following its spat with Saudi Arabia, Bahrain and the UAE.
The Nigerian stock market has so far this year recorded a 43% gain after the central bank made it easier to swap foreign currencies through the special window called the ‘Investors’ and Exporters’ FX Window’ created last April which also helped the country ease out of a short but painful recession, the report said.
The All-Share index is still miles below record highs set in early 2008 when oil, Nigeria’s main forex earner topped $100 per barrel. Crude oil Wednesday reached $67 a barrel, the highest since 2015.
Many analysts are optimistic that stocks in Nigeria could keep rising in 2018.
“If you look at where we stand today, the [Nigerian] market is still one of the cheapest markets on the planet,” said Zin Bekkali, founder and CEO of Silk Invest, according to the report.
The value of public companies on global stock markets grew by $12.4 trillion in 2017, according to S&P Dow Jones Indices, which included dividends in its calculation.
The Dow Jones Industrial average shot up by 25%, the S&P 500 surged by 20% and the tech-heavy Nasdaq index outshined them with all with a stunning 29% gain, the report added.
Emefiele has received several accolades for thinking out of the box and executing strategies during the recession that helped stabilize the naira, curbed the recession and started the process of diversifying the economy through the CBN’s Anchor Borrowers’ Programme, an Agro-based initiative that provided billions of naira in cheap funds to farmers to grow and process rice, millet, maize and beans amongst several others.

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Goodluck Jonathan’s Family Celebrates Son’s Graduation in UK

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Former President Goodluck Ebele Jonathan and former First Lady Patience Ibifaka Jonathan recently celebrated a significant family milestone as they attended the graduation ceremony of their son, Ariara Goodluck Jonathan, at Manchester Metropolitan University in the United Kingdom.

The proud parents joined family members and well-wishers to witness Ariara receive his degree, marking the successful completion of his academic programme. The occasion was filled with joy as the Jonathan family commemorated the achievement, highlighting the importance they place on education and personal development.

The graduation ceremony attracted warm congratulatory messages from friends, associates, and admirers, who wished the graduate continued success in his future endeavours.

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2027 BENUE GUBER: MORE TROUBLE FOR GOV ALIA

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The Following names joined the political family of Sen. Dr. George Akume today after leaving the sinking Alia ship .

Under the leadership of Barr. Emmanuel Jime .

The are ;
Chief Nelson Alapa
Douglas pepe SAN senatorial Aspirant zone A,
Engr Peter Ashiekaa
QS Clement Beetseh
Former commissioners
Joy Luga
Ann itodo
Barr martins Shaagee
Miss Dorcas
Prof Usar Joseh
Prof Cephas Tushima
Chief Patrick Idoko
Hon Patience Akor
Hon Fred Idoko
Hon Lawrence Ekpo Onoja Jnr
Hon Andrew Abah
Hon Agbo Innocent Ikwumonu
Hon Simon Omachoko
Hon David Egboja
Dr John Garba
Among together,

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ENGR. BELLO BABAYO BELLO FELICITATES VICE PRESIDENT KASHIM SHETTIMA ON RENOMINATION

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Engr. Bello Babayo Bello, FNSE, Executive Director (Networks) of the Niger Delta Power Holding Company (NDPHC), has extended his heartfelt congratulations to Vice President Senator Kashim Shettima, GCON, on his renomination as the Vice Presidential candidate for the 2027 general elections, alongside President Bola Ahmed Tinubu, GCFR.

In his message, Engr. Bello described the renomination as a beautiful affirmation of the Vice President’s enduring commitment to Nigeria’s unity, stability, and prosperity. He noted that Senator Shettima, himself a former Senator of the Federal Republic, has consistently embodied resilience, foresight, and a deep sense of responsibility, qualities that continue to inspire confidence across the nation.

“This renomination is a shining testament to your unwavering dedication to the Nigerian people,” Engr. Bello stated. “It reflects the trust of the party and the citizens in your ability to guide our country toward greater progress, peace, and prosperity. Your leadership has been a beacon of hope, and this endorsement is richly deserved.”

Engr. Bello further emphasized that Senator Shettima’s political journey has been marked by courage and service. From his tenure as Governor of Borno State to his current role as Vice President, he has consistently championed initiatives that address national challenges, foster economic growth, and promote inclusive development.

As a leader in the power sector, Engr. Bello highlighted the importance of visionary leadership in driving infrastructure and energy reforms. He expressed confidence that Senator Shettima’s continued role in government will further strengthen Nigeria’s capacity to deliver reliable power, expand opportunities, and improve the quality of life for millions of citizens.

He prayed that Almighty Allah grants the Vice President wisdom, strength, and good health to continue serving the nation with distinction. “May Allah bless your efforts, guide your decisions, and grant you success as you carry forward the responsibility of leadership,” he added.

The message concluded with a reaffirmation of goodwill and support: “Congratulations once again, Your Excellency. We look forward to your continued contributions to the peace, progress, and prosperity of Nigeria.”

Signed:Engr. Bello Babayo Bello, FNSEExecutive Director (Networks)Niger Delta Power Holding Company (NDPHC)

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