- FX Spot, Derivatives Markets Turnover Rises 7.7% to $2.32bn
- Banking Index Sinks as 12 Nigerian Listed Banks Lose N2.5trn
- Naira Softens on Weak FX Supply, Foreign Reserves Top $51bn
- Equities Investors Lose N5.6trn as NGX Indicators Plunge
- Iran Plans to Restore 3mbpd Oil Production in 60 Days
- Aradel Grows Profit by 192%, Declares N23 as Final Dividend
- Dangote Cement Sells 64% of Production Volume to Nigerians
- Naira Tumbles as Interbank FX Turnover Drops by 43%
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
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Nigeria’s Deteriorating Situation Sufficient Reason for Restructuring Amidst increased clamouring for reforms, investment experts at Cowry Asset Management have said Nigeria’s deteriorating situation provides enough grounds for the country to be restructured; gives more control to state governments that are closer to the people. The investment firm stated this in a macroeconomic note this weekend, saying that the central policing system has failed given the country’s landmass and population. Recall that the Nigerian senate committee on constitution review holds public hearings amid calls for restructuring. According to Cowry Asset, the calls for restructuring, creation of state police, devolution of power…
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