Tuesday 30th January 2018

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$1bn Inflow Catapults Nigeria’s Stocks to Among World’s Best Market pares last week’s losses as ASI rises by 1.22% Goddy Egene with agency report Nigeria’s stocks have been rated among the world’s best-performers in the past four months, and foreign investors are a big reason for that, Bloomberg reported

yesterday. The New York-based financial software, data, and media company said net foreign inflows to Nigerian equities totaled N337 billion

($940 million) last year, the first time flows have been positive since at least 2013. It said December 2017 was the best month since Bloomberg started compiling

data at the beginning of 2014, with net inflows of N140 billion, signaling a switch in sentiment towards equities in Africa’s biggest oil producer. According to Bloomberg,

foreign investors were heavy buyers of Nigerian shares last year. “Nigerian equities have gained in allure for international traders, thanks to

NNPC: FG Owes Us N170.6bn Subsidy Payments… Page 42

the rise in Brent crude prices to around $70 a barrel and an easing of dollar shortages, which are helping Africa’s largest economy recover from its worst slump in 25 years. “They’re also attracted by Continued on page 8

Tuesday 30 January, 2018 Vol 23. No 8321. Price: N250

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Again, Herdsmen Sack Benue Community, Kill Four in Plateau… Page 6

Splitting Opposition, a Third Force May Help Buhari’s Re-election Tobi Soniyi in Lagos President Muhammadu Buhari may have been handed an easy pathway to hold on to power in the 2019 elections, as the opposition splits between the Peoples Democratic Party (PDP) and the plethora of splinter groups planning to wrest power from him under Continued on page 6

INEC Gives Electoral Act Conditions Says law must be passed six months before polls Onyebuchi Ezigbo and James Emejo in Abuja The Independent National Electoral Commission (INEC) has said it would only comply with the amendments to the Electoral Act 2010 if it is passed into law six months before the next general election. The commission spoke yesterday through its National Commissioner, Continued on page 6

Vice-President Yemi Osinbajo and son of the deceased, Mr. Goodheart Ekwueme, look on as officers adjust the Nigerian flag on the casket bearing the body of the former Vice-President, the late Dr. Alex Ekwueme, when it arrived the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja... yesterday

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