Fish is a great source of protein but, contrary to popular belief, Nigeria does not have a competitive advantage. The country's long marine shoreline in its southern borders is not an oasis of fish but a festival of crustacean aqua life.
The Nigerian fiscal space is currently embattled by the tussle between some state governments and the federal government on the collection of the value added tax (VAT) revenue. 15 This is premised on the demand for equity by large revenue generating states like Lagos.
The price of Maize on the Exchange last week took a downturn as it fell, closing at 2.79% low thereby underperforming against other commodities. Prices of grains in the open market continued their upward trend excluding Soybean. Cocoa international price dropped as Major producers Ivory Coast and Cameroun reach harvesting peak.
Disheartening as the news and updates on the collapsed 21-storey Ikoyi tower have been, we cannot stop talking about the lessons, particularly, in ways that they would help shape our future regulations and compliance.
In the first 10 months of 2021, a plethora of foreign and local investors have invested a combined sum of N412 billion (bn) ($992 million) across 35 Nigerian startups. Similarly, Google has pledged to invest $1bn in Africa over the next five years aimed at promoting digital transformation and innovation across the continent.
Nigerian Stock Market closed the month of November 2021 in the green zone as market maintained positive sentiment compared to the previous month of October 2021. The NSEASI inched up by 2.88% as against 4.52% gain recorded in the month of October 2021 while the NASD USI closed northwards with 0.07% gain recorded at the end of the month under review as against 1.49% gain in October 2021.
Creating an integrated and competitively linked network of African securities exchanges requires paying close attention to various matters. They include harmonizing regulations and listing requirements and developing a more technologically sophisticated platform that would improve the flow of financial information and help develop appropriate skills for managing complex financial operations.