By Dipo Olowookere The N351 billion rights issue of Access Holdings Plc may commence on Monday, July 8, 2024, if the Securities and Exchange Commission (SEC) gives the go-ahead. On Tuesday, July 2, 2024, the firm held a formal signing…
By Kestér Kenn Klomegâh United States Trade Representative Katherine Tai will host the 21st US–sub-Saharan Africa Trade and Economic Cooperation Forum (AGOA Forum) in Washington, DC, from July 24 to 26, purposely to work out further…
By Adedapo Adesanya The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to achieve 70 per cent local content by 2027. Mr Felix Ogbe, the Executive Secretary of NCDMB, said at the Nigerian Content…
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a flat outcome on Tuesday, July 2, the first of such occurrences in months. This left the performance indices unchanged, as the market capitalisation retained…
By Adedapo Adesanya The price of Brent crude depreciated to $86.56 per barrel on Tuesday after it earlier in the day rose by $87.46 per barrel, the highest level since April 30, as traders assessed the risk of war between Israel and…
By Adedapo Adesanya It was not a pleasant day for the Naira in the Nigerian Autonomous Foreign Exchange Market (NAFEX) segment of the FX market on Tuesday as its value further depreciated against the United States Dollar by 0.03 per cent…
By Dipo Olowookere The Nigerian Exchange (NGX) Limited returned to winning ways on Tuesday as it closed higher by 0.05 per cent on renewed bargain-hunting by investors. It was observed that the domestic stock market indices were…
By Adedapo Adesanya The Nigerian government has paid a backlog of debts to European airlines to the tune of $850 million. The European Union (EU) Ambassador to Nigeria and the ECOWAS, Ms Samuela Isopi, revealed this at the 9th edition of…
By Adedapo Adesanya The federal government has moved to exempt farmers, small businesses, and manufacturers from paying withholding tax as the country is making final preparations for a new tax regime. This is according to the Chairman of…
By Modupe Gbadeyanka The annual women’s event of Stanbic IBTC Holdings Plc tagged Bloom Weekend will be held for 2024 on July 27, at the Landmark Events Centre, Lagos, a statement from the company has confirmed. This year’s theme is With…
We expect many changes as time passes and various industries develop. Businesses are trying to approach financial management differently, as some are trying to shift from conventional payment systems to blockchain technology and digital…
By Adedapo Adesanya The National Bureau of Statistics (NBS) has reported that a total of 219,304,281 active voice subscribers were recorded in Nigeria in the first quarter of 2024, a decline of 3.03 per cent compared to the 226,161,713…
The exponential expansion and lucrative prospects within the Forex trading sector continue to attract numerous businesses annually. If you’re thinking of starting your own retail Forex brokerage, it’s important to understand all the unique…
By Adedapo Adesanya FrieslandCampina Wamco Nigeria Plc stocks lifted the NASD Over-the-Counter (OTC) Securities Exchange by 0.36 per cent on Monday, July 1 after chalking up N3.84 at the close of trading activities. The share price of the…
Trading systems have evolved over time, allowing for the buying and selling of various financial instruments with fewer interactions. As a result, processing time has been reduced, and efficiency has improved. Investors can use digital…
By Adedapo Adesanya The Naira fell against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, July 1, 2024, by 0.25 per cent or N3.69 to exchange at N1,508.99/$1, in contrast to the previous session’s N1…
By Modupe Gbadeyanka Guaranty Trust Holding Company (GTCO) Plc has themed the 2024 GTCO Autism Program and follow-up consultations as A Spectrum of Possibilities. A statement from the financial services giant explained that the theme was…
The rise of digital platforms and reduced barriers to entry have led to an increase in the number of traders, investors, and anyone seeking passive income. This trend has made it more difficult for brokerage firms to manage their databases…
By Adedapo Adesanya Crude oil prices gained nearly 2 per cent on Monday on hopes of rising demand during the Northern Hemisphere’s summer driving season and worries that conflict in the Middle East could spread and reduce global oil…
By Dipo Olowookere The first trading day in July and the second half of 2024 at the Nigerian Exchange (NGX) Limited finished on a wrong note after the bears made a quick return to the space. Nigerian stocks lost 0.04 per cent on Monday on…
Dealing with decentralised trading markets entails significant volatility, price action and fluctuating speculations that can carry a digital asset’s value up and down. Liquidity has always been a central focus in discussions surrounding…
1. Introduction In today’s fast-paced business environment, contracts form the backbone of organizational relationships, commitments, and operations. From vendor agreements to employee contracts, these legally binding documents play a…
By Modupe Gbadeyanka Content creators in Nigeria and Ghana using Facebook, a social media application owned by Meta, can now earn money from the platform through in-stream ads and ads. A statement from the tech giant on Monday said the two…
By Aduragbemi Omiyale In the first quarter of 2024, Nigeria attracted $3.367 billion in capital inflow, 198.06 per cent higher than the $1.133 billion recorded in the same period of last year. This information was revealed by the National…
By Adedapo Adesanya Aiteo Eastern Exploration and Production Company (AEEPCO) has terminated its security surveillance or contractual arrangements or agreements with a lawyer, Mr Clement Amunaboye, trading under the name and style of…
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the negative territory in the 26th week of trading in 2024 following a further 0.03 per cent depreciation. This shrank the portfolios of unlisted…
By Modupe Gbadeyanka An innovation centre aimed to equip students with entrepreneurial, practical, and creative skills has been commissioned by Egbin Power Plc. The state-of-the-art facility, located within the Powerfields Group of Schools…
By Adedapo Adesanya Nigeria emerged as a prominent beneficiary of diaspora remittances in Sub-Saharan Africa, accounting for over 35 per cent of total inflows in 2023, totalling nearly $19.5 billion. This is according to a World Bank…
By Adedapo Adesanya The Nigeria Deposit Insurance Corporation (NDIC) has stated that account name discrepancies in Bank Verification Numbers (BVNs) linked to alternate accounts of some defunct Heritage Bank customers are the primary reason…
By Modupe Gbadeyanka Some political leaders in Edo State under the aegis of Edo State Political Leaders Forum (EDPLF) have said only the candidate of the All Progressives Congress (APC) in the forthcoming governorship election, Mr Monday…