THISDAY, 19 NOVEMBER, 2012

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THISDAY - MONDAY. NOVEMBER 19. 2012

BU 5INE55/MONEy GUIDE

'Nigeria's Population Size Will Drive Economic Growth' the ~ ~ en5iI.Qe Ihat !he ths

Polltica1 ecmomist and management 1ecturer. Prof. " at Utomi has called on the ~eral Gm"t!lIUJ\E!l1t to take

" "_ rJ '" """'Y"...." \'outh population to acfUevto -"""""'" growth. Utomi made the r'CIJW'k at thr $II!C'OIld annual c:onfermce of an II1vcstmenl finn. COO Capital. bUed.: 'Is There Meal in tlus Soup Called Nigena7. whtch held In Lagos ..t the

""""",,,COOc.p;..i_ IS an ~ Advmry and l,'lujo<t deoeIopm<nt fUm "",

"""""'.....-.. ""It' ..... inl~tionaI perspective to hclp -........". growth in Nigem and acn:a5:!i Afric&.

um..,.,....... ... ,....,a.

irdeed has iI bnght futlft with • huge population of actiye youths who are willing 10 work. and called on the government and Nigtmns in

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are actively enpged creating employment and a conducive environment fer entreprenewship .., thrive, so that they Olfl <mtmute to the growth the He added: "'Vole must seek to build a future which will allow our capital grow by ~ INI W\' do rd aDow ap&aIists ard:inue to tdd a1b our capital .. He lamented the h"ll" gop. whirl> .... ""''''' • high ie\rcl oIlIDl'mployment. der;pie ihe I'l..Il'fIeIOU5 sIdDs that abound In the nation. Utomi cornmclded Mr. auw Monli _d Sex Nwawudu. both 01 CBO Dp;t.I. "" _ ronui>u..... to the country. He said, 1-Ye mUSl applaud COO Capital, for settirt; up !his firm. which borders on delivering a "tal 10 sincl'n!' and profit ~g entrepreneur! and entities 10 help grow busineso;es and

or

""""""y.

Ni_. un~

the

In'e5

CJI many

....y """"""'" """" from the fact thai countries like CJW ........... ~ tJvough the SilfTIe chand. I see a huge potential for Nigeria even as iI few Nigerians in the o;.,po.a "" oIreody scttmg up and building skills to bridge that gap". he said and also u~ Nigerians to consult busmes:s II1vestmenl IDanasemenl ~ befCR ~;my

nlestmert decision. On his part. Mardi. who IS a Oim:tor" al COO Capital PArtner5. said it advised investors to be conscious of

"""""Ie """ "'" how to """"'" them. said; "Despite the loss handle

He of confKlence In the nation's firIarriaI ~ it is impcx'tiIn lor im'eSlols to ~ ~ need fat' risk diversilication.. while renewing their faith in crediJIr flflOlnCia1lRStJlutions. ..

Sanusi: Flooding Increased Food Inflation ObtnN! (),U,u Wllh~

acrount far more than half of the lU"I5t.lmeI" pnct' Index. rose 102 per eml &am a year earlier; compared WIth 9.9 per cent in August. -".\fe already ha\'e an uptick fat' food inflation for last month; food pnces have alnDdy a:mr up," SonJsi said. "For- many oi those fanners. the floods have szmpIy sw..-pt ifwily trm inc:on'Ir ror one )'8lI; and thal'$ going to ha,'e an

impact on

out agricu1tural

productivity," he added.

Nigeria's two bilW5f nvetS. Rivers Niger

ana

Benue, Itrirbdnkszodam!; let out water a.Act hesvy ran;,.

~

killing 363 """"" ~

22 utillion ond . - . . """'"

8 miltim ~ from July to Clctober 31, accordmg to the

MARKET INDICATORS

"'...,.,~­ menl Agency.

PRIMARY MARKET AUCTION PMA

Meanwhile, foDowlng the

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the FSDH Secunties limited

... """""" "'" l""<»)'OU inflation for ~ 2012 will record an ircease to 1.2.6 per cenc. tugher than thr 1l..,x) per eml recorded in September. 1he Nabonal Bureau oi Statistics (NBS) is expected to rclea.w the inflaban tJgUre for D..1cber on Monda}", based on the calendar available on the Bureau', wms.le.

BUREau DE CHaNGE MaRKET· MONOA'!' 12 · 11· 2012

"""" ""'''

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Stress Testing is Essential for Risk Management, Experts Affirm OblnN! ChitNI

RIsk AdVJSeJ" Partner", &nst &: Young.. Mr. Ben Afudego. has sax:! thai stress testtng IS

!qDdity-instItution.

In

---... --

vnpor1ant b lhet:..llud .......ul

oi nsk management

any

...

Afudego has also advised

...

,n,,,,,

""'~~ S«1lX to develop sust:unable

-

BLACK MARKET MONOAY 12-11 -2012

..... ..... ""'''' """" ..... """" ""'"

.,.,.., ""'''' """'" """"" NIBOR - MONDAY J2- t1 -2012

..

""""

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ro< growth

He gave the advter whUce

~ . k&nst&~s

Si'rallcp:: f1niIro;lI Sector l'\'mI taggl'd: 1WnciaI ScrWes Risk Management', that was hcld Lagos at the weekend..

21 Wmners EmeIge at Fidelity Bank Promo Draw Nnamdi Ouru A 23 years studenl 01 the Madonna University. Miss BeruQ Onwuneme. and four other star priu wmntrS In thr ongoing Hdclity Bank Me 25th anruv~ry promo tagged. 'Sa\~ and Cash 5.n'· ings Splash' went home WI th a Hyundai Acmlt Q f eadI

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In

10 people went horne with

NIOO,lXKl each.. 1l1e promo draw, " 'loch took piau a l lht bank's head officr in ugos, was !JQ\itol\"l:t by ~trves of the Consumt'l'" f>rotection Comnussion (CPC) ;and the

N,&=!" Lot,")' ....... ,IV)'

Comnusston (NlRC). The star prize wiJw!n One person wml homt> indude Mr. Mohammed wIth Nt million. two others !sa ShmIsu, whoR accoun t won NSOO.(XX) each. 8 people IS residen l In Kachia Road won for ~ N25D,lXn bnnc:h ell the bank.; Miss nc:h, while anolher set of . Bt:nit~ Onwuneme. a 23

l"" old _ , d M.donn. Unh-emt)' who operates a savings accoun t in ulabar branch 01 tnt ~nk . and Miss Odo Ngozika Bles5ing whose account i5 domkikod in Nsukb. The OCher 5t4lr f""W ~ art Mr. Saldu Sanusi who operates an accounl with the bank's branch in Zaria and l>.ir. Orukwunonso 01 ~ Mabs ~tun5l.iniWd. who operate account with the Trimty branch of the Nnk in

Lagos.

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MANAGED FUNDS

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.s-. err tEF 0.. HO'IDIIfR lZ 1DQ NSE MARKET INDEX

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