Electron Native

A repeat of 2015 when investors left the country due to delays in economic policies may occur in Nigeria again if concrete actions are not taken. Poor performance of Nigeria’s most liquid 10-year bond which fell by 40 basis point to 13.9 percent on Thursday is an indication of the final outcome of the proposed litigations due to the announced election result could affect the nations earning.  Source: nta.ng Yields on the benchmark 2028 paper, which is most traded, have been falling with investors locking in attractive rates. The bond dropped to 14.3 percent in the previous day’s trade, its lowest in six months, from 14.5 percent the day before and 14.75 percent the day before Saturday’s election. This follows  Wednesday’s trading, the Naira  gained N1 to exchange at N358 to the dollar at the parallel market in Lagos, stronger than N359 it traded on Tuesday. The Pound Sterling and the Euro closed at N470 and N408, respectively. Trading at the Bureau...

eskimi.com More consequences are being reported from the recent postponement of February 16 elections. Such as previously planned social engagement like that of Rita Osawende, a bride-to be. “I have printed and distributed my invitation cards for the wedding. I am so confused,” she said. Osawende said that all arrangements for her big day had been concluded for next week. “INEC should please help me revisit this issue. “The original date was fixed for February 16, but as soon as I knew it’s elections day, it was postponed to February 23rd. “What do I do; all arrangements have been made. The Independent National Electoral Commission (INEC) has postponed the dates for 2019 elections from February 16 to February 23 and from March 2 to March 9 for the Presidential/National Assembly and the Governorship/House Assembly/FCT Area Councils elections respectively.

An earlier scare of possible arrest of people moving about from 8pm in Lagos seems most unlikely. Clearing the air on the rumour, t he Lagos State Police Command has denied the story that it will carry out general raiding in the state on Thursday and Friday before elections. The Police Spokesman for the command, Chief Superintendent of Police (CSP) Chike Oti, said on Thursday that they have no intention of carrying out any raids in Lagos state. He explained further that,  “the writer went further to warn people not to keep late nights on the aforementioned days due to the so called ‘raid’. “In view of the development, the Command wishes to unequivocally state that the information did not emanate from it and should be regarded as untrue and people should go about their lawful businesses,” Oti said in a statement. He said the commissioner had assured Lagosians of adequate security before, during and after the elections, advising all residents to come out en masse with...

Bukola Saraki, Senate President on Wednesday boasted that the opposition Peoples Democratic Party (PDP) will win the 2019 presidential elections. Saraki made this comment in Ilorin at a meeting with PDP members who came from the 16 local government areas of the state. He also expressed his confidence that his new party would emerge victorious in all the local government areas of Kwara State. Saraki said that the victory of PDP at both federal and state levels would be beneficial to all the members in the state. The Senate President said that the future of PDP was now brighter than it used to be. “If we emerge victorious at the federal level, all of us will be the beneficiaries. In the state, with your support we will win the state for PDP. “All of you here are the key players in Kwara politics. With unity of purpose, no party can contest with you. “We are here to unite all of us under the party we belong to today. I am assuring all members that there will be equity, ...