BusinessDay 12 Feb 2019

Page 1

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NEWS YOU CAN TRUST I **TUESDAY 12 FEBRUARY 2019 I VOL. 15, NO 244 I N300

g

BUY

SELL

$-N 357.00 361.00 £-N 467.00 477.00 €-N 405.00 413.00

www.

Atiku campaign gathers momentum ahead of Saturday’s election T CHRISTOPHER AKOR

he huge crowd that attended the People’s Democratic Party’s (PDP) rally on Sunday at the Sani Abacha Stadium in Kano and other previous rallies in Jigawa, Katsina, Kaduna, Sokoto and Kebbi States signals a huge shift in momentum for the PDP presidential Financing off-grid energy in the Niger Delta: Kayode Pitan (l), MD/ CEO, Bank of Industry (BoI), and Wiebe Boer, CEO, All On, after signing the joint funding agreement for the N1 billion BoI/All On Niger Delta Off Grid Energy Debt Fund, at the BoI HQ in Lagos.

candidate, Atiku Abubakar, who has laboured to shift the election narrative from one centred on anticorruption to one focused more on the economy – employment, poverty alleviation and economic growth. Incumbent President Muhammadu Buhari and candidate of the ruling All Progressives Congress (APC), conscious of the poor performance of his administration on the

economic front, the worsening unemployment and poverty levels, and the vacuous election programmes that lack real vision and intellectual rigour, has, however, worked hard to make anti-corruption the central issue in the elections. The president and his party have constantly blamed all the ills of the Continues on page 34

Market I&E FX Window CBN Official Rate Currency Futures

($/N)

FGN BONDS

TREASURY BILLS

Spot ($/N)

3M

6M

5Y

361.95 306.70

0.17 12.46

0.25 14.20

0.00

NGUS APR 24 2019 363.30

14.68

NGUS JUL 24 2019 363.75

10 Y 20 Y 0.05 -0.02 NGUS JAN 29 2020 364.65

@

g

14.49

14.79

g

ANALYSIS

Apapa: When government deceives, punishes citizens CHUKA UROKO, JOSHUA BASSEY, AMAKA ANAGOR-EWUZIE & INIOBONG IWOK

I

n Nigeria, when political leaders and government functionaries are not exhibiting tribal sentiments, they must be busy lying, deceiving and being hypocritical, giving the impression that all is well even in a messy situation. Continues on page 34

Inside Capital Alliance, Elalan disrupt property market with $165m investment in midmarket residential devt P. 23 Understanding the economy of Nigeria’s 36 states – Anambra & Ebonyi


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