news you can trust I **THURSDAY 28 JUNE 2018 I vol. 15, no 85 I N300
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Bears break correlation between equities, oil prices Emeka Ucheaga & Abdullateef Eniola-Giwa
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h e st rong p osit ive correlation between the Nigerian Stock Exchange (NSE) All share Index (ASI) and crude oil prices finally broke this year as investors sentiment turned bearish in the Nigerian stock market despite a rally in oil prices. The divergence began to emerge in early March as volatility hit Emerging Markets as traders worry about trade war tensions between the world’s two biggest economies (USA and China) and a scenario of accelerated tightening by the Federal Reserve. Crude oil prices have rallied this year by around 12 percent off the back of supply disruptions in Libya
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Nigeria eyes $2.8bn Eurobond to finance 2018 budget MICHEAL ANI
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he Federal Government through the Debt Management Office (DMO) intends to raise up to $2.8 billion (N899bn) in Eurobonds, as part of its plan to finance the 2018 budget, and will explore all options to lower costs, the head of the Debt
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Inside Unified Payment cuts e-transaction settlement time to an hour P. A1
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ON DEMAND: A Language of Non-Capitulation, Non-Appeasement! WOLE SOYINKA
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LAND GRAB WILL BE REVERSED!” This is the first governance pronouncement, the first pertinent proclamation from the presidency since the herdsmen national affliction began. Catastrophically belated, it has finally emerged from the constricted throat of a government that seemed unaware that its very corporate existence was under strangulation. Many in this nation have had bitter cause to conclude that governance had indeed expired, its elected
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Watch out on Friday
World Cup Result Mohammed Abdullahi Abubakar, governor of Bauchi State (l), with Bashir Hassan Ibrahim, gm Northern operations, BusinessDay Media Limited, during a visit to the governor informing him of his nomination in the forthcoming Pic by Tunde Adeniyi BusinessDay Good Governance award sheduled for July 19, 2018 in Abuja.
South Korea 2 - Germany Mexico 0 - Sweden 0 - Brazil Serbia Switzerland 2 - Costa Rica
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Again, US urges Buhari to stop incessant killings Tony Ailemen & Innocent Odoh, Abuja
…As President mulls reorganization of security apparatus
ollowing Sunday’s killing of over 100 citizens in Plateau State by suspected herdsmen, the Ambassador of the United States of America to Nigeria, W. Stuart Symington, has called on the Federal Government to stop the increasing killing of innocent people across the country in order to ensure peace and development of the country.
The envoy said this in his address during events lined up to celebrate 242 years of Independence for the United States of America, held at the US Embassy in Abuja on Tuesday night even as he noted that the US government and its agencies are investing with Nigerians in a partnership for people, peace, and prosperity.
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“Nigeria’s leaders and citizens have it in their power to make this killing stop now, if you are united across all regions, all occupations, and all faiths. When you act together with sincerity and high purpose and sustained effort, you will end this violence,” he said. The envoy pointed out that the US and Nigeria are work-
ing together to save lives from disease, violence, and hunger. He added that there is no place with more at stake for the future of the World than Nigeria. “Every day, all across this land, we work with good people to save lives and bend upwards the curve of economic growth, so that real opportunity and hope
will outpace need. But, far too often, we see the deaths of innocents whose hopes are stopped forever, by those whose awful acts reflect no good and serve no cause. These innocents must not be forgotten,” he said. He said further that security that lasts depends on strong citizens who support each other and their governments, adding that it is
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