BusinessDay 15 Jan 2019

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Onnoghen: Again, Nigeria fails democracy test – SBM Intelligence

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Continues on page 38

Inside Preowei field awaits Total’s FID in 2019 P. 17 The prosperity paradox: How innovation can lift nations out of poverty P. 39

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NGUS DEC 24 2019 366.24

g L-R: Gloria Elemo, directorgeneral, Federal Institute of Industrial Research, Oshodi (FIIRO); Joshua Okeowo Oderinde, director, finance and accounts, FIIRO; Ogbonnaya Onu, minister of science and technology, and Boss Mustapha, SGF, representing President Muhammadu Buhari, at the unveiling of FIIRO’s newly invented solar steam boiler as part of the opening ceremony of the Technology and Innovation Expo 2019, in Enugu, yesterday.

OWEDE AGBAJILEKE, ABUJA, & DIPO OLADEHINDE

he manner of the planned trial of Nigeria’s Chief Justice (CJN) Walter Onnoghen by the Federal Government has once again demonstrated the country’s challenges with entrenching democratic norms, according to SBM Intelligence. Coming a few weeks before the general elections, the move has expectedly drawn mixed reactions across the country, with intelligent report describing it as outright witch-hunt and intimidation by the executive arm of government against the judiciary at a level totally unseen in Nigeria’s democratic history. “A few weeks to an election season which many are increasingly seeing as a referendum on Nigeria’s democratic practices, the country once again

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NSE eyes 2019 for derivatives market takeoff T IHEANYI NWACHUKWU

he Nigerian Stock Exchange (NSE) is optimistic that highgeared efforts put in to actualise its equities derivatives market will make it a reality this year.

Says constantly engaging companies not to delist Work on demutualisation reaches final stage

The Exchange has, for instance, completed required technological enhancements

for the launch of the equities derivatives products, while its Rulebook has been created and

“is currently undergoing approval process alongside onboarding Continues on page 38


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