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Showing posts with the label Market

PR Pros Preparing Ahead of AfCFTA at Tanzania Confab

The African Continental Free Trade Agreement (AfCFTA) between member states aims at creating a single continental market for goods and services as well as customs union with the free movement of capital and persons.  Key Theme for Tanzania 2020: ‘One Africa! March To Economic Integration & The Role of Public Relations’ Signed in Kigali, Rwanda March 2018 and entered into force on the 30th of May, 2019, AfCFTA becomes the largest free trade agreement in terms of participating countries since the establishment of World Trade Organisation (WTO). 54 out of the 55 African States have signed this agreement to promote economic diversification, structural transformation, technology development and job creation.  If successfully implemented, the AfCFTA has the potential to redress some of the key challenges the continent is facing.  With a projection of generating a combined consumer and business spending of 6.7 trillion dollars by 2030, public relations must secure

ECONOMIC FAILURE: Nigerian Stock Exchange Halt Trading

The fall in the prices of stocks at the Nigerian Stock Exchange has hit an all-time Nigerian low, necessitating the activation of the Index Circuit breaker by the NSE. This implies that on Monday 18th January, the Stock exchange did not trade.  Approved since May 19, 2014 by the Nigerian Securities and Exchange Commission, the Circuit Breaker has never before been applied in Nigeria. And that is because the economy of the nation had never before fallen this low. The Nigerian stock market lost a fearsome amount of N1.8 trillion in capitalisation within two weeks, an d N1.4 trillion in 10 days.  The market capitalisation has also depressed from N9.86 trillion at the beginning of 2016 to N8.09 trillion as at Friday 15th January. The Stock market lost 17.4% in 2015, but there has been a dip by 17.9% in January 2016. This failure situation at the Nigerian stock market has been caused by the mass exodus of foreign investors away from Nigeria, due to a well documented u


Last week, hea dline news was the demolition of the Osho di market. The event was followe d by vehement reactions from the tra ders who mostly are of Igbo origin which imme diately le d to accusations of anti-tribal retribution against the government of Akinwunmi Ambo de who was famously vote d against by Lagosians of Igbo origin. A top Lagosian-Igbo opinion lea der writes, however to counter those sentiments. In his piece title d 'The truth about Owonifari Market demotion at Osho di', Joe Igbokwe seeks to explain the unsai d about the much documente d demolition, drumming up support for the Ambo de a dministration's infrastructure policy, at the risk of drawing wi desprea d con demnation from his kinsmen. Rea d the full text below: " The Holy Book says you shall know the truth and the truth shall set you free. I have heard a lot of outpouring of emotions about the demolition of OSHODI Market by the LAGOS State Government led by His Excellency Mr A