Index to Nigerian Newspapers

The Nigerian capital market closed on a positive note in 2022, posting 19.98 percent growth last year and 8.776 percent this year. However, that upswing was not sustained in the following weeks. The Tinubu administration can change this narrative by using fiscal incentives to attract more companies to list on the Nigerian Exchange. Additionally, the FX issue is getting too much, and policies can be put in place to ensure that demand is met.

 

Economists and civil society organisations have backed the appointment of a special investigator to probe the Central Bank of Nigeria, Nigerian National Petroleum Corporation Limited and other Government Business Entities by President Bola Tinubu.

The experts and groups in separate interviews with The PUNCH on Sunday said the investigation was necessary to ascertain if there were any infractions or alleged abuse of office by the suspended CBN Governor, Godwin Emefiele, and other top government officials.

Their comments came on the heels of Tinubu’s appointment of the former Chief Executive Officer of the Financial Reporting Council of Nigeria, Jim Obazee, as Special Investigator to probe the CBN, NNPCL, and other Government Business Entities.

In a letter sighted by The PUNCH on Sunday, Tinubu directed the special investigator to work with security and anti-corruption agencies  to provide a comprehensive report on public wealth currently in the hands of corrupt individuals and establishments, whether private or public.