For the incoming government to bring in desirable economic outcomes, they must first break free from past mistakes, choose the best armour bearers and commit to making the tough but necessary decisions (reforms) to defibrillate the economy, Bismarck Rewane, Chief Executive Officer (CEO) of Financial Derivatives Company (FDC) Limited has said.

Analysts have raised concerns over recent warnings by the Debt Management Office (DMO) few days to end of the tenure of President Mohammad Buhari’s in office.

Oil prices fell for a second day on Wednesday after a surprise rise in U.S. crude inventories stoked demand concerns on the heels of weaker-than-expected economic data from the United States and China, the world’s two biggest oil consumers.

Chief executives are holding their business decisions as they  await a successful transition of power come May 29, following the uncertainty of the outcome of many litigations before the courts over the recently concluded presidential election.

Eight startup businesses have emerged winners of the Gitex Pitch Competition, Lagos Roadshow edition which was held at the Eko Innovation Center, Ikoyi on Friday.

Inflation in Nigeria has consistently defiled Newton’ law of gravity that says everything thing that goes up must come down, as it is poised to hit a fresh 17-year high of 22.67 per cent in April, Bismarck Rewane, Chief Executive Officer of Financial Derivatives Company (FDC) Limited has said in its latest publication.
According to Rewane, the inflation has refused to yield to natural laws by rising for the fourth consecutive time.

Herbert Wigwe, the group managing director of Access Bank is now the president of the France Nigeria Business Council. He takes over from Abdul Samad Rabiu who have successfully completed a two term tenure as pioneer president of the council.

The World Bank has said Nigeria and some other countries endowed with natural resources are only getting 40 per cent of revenue from proceeds from minerals, oil and gas as a result of weak policies.
In a statement announcing the new Africa’s Resource, the World Bank recommends full taxation of natural resources.

The Aliko Dangote Foundation (ADF) has commenced the disbursement of hundred thousand naira (N100,000) and Dignity Packs to each of the Nigerian returnees from Sudan.
The money and the Dignity Packs were given out to the evacuees upon arrival at the airport in Abuja yesterday.