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13

Making Trade Easier for Africa’s Youthful Population

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By Adedayo Oluwafemi The youth are spearheading a lot of change initiatives not only in Nigeria but also across Africa. The world’s population is estimated to hit 10 billion people by 2055. It’s projected that Africa will account for 57%…

NGX Rises 0.02% as Interim Dividend Hunters Return

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By Dipo Olowookere The return of interim dividend hunters to the market further pushed the Nigerian Exchange (NGX) Limited higher by 0.02 per cent at the close of transactions on Friday. It was the first trading session of the new month of…

12

Supply Disruptions from Libya, Norway Lift Oil by 2%

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By Adedapo Adesanya Supply disruptions from Libya and Norway pushed the prices of crude oil higher by about 2 per cent on Friday, with the Brent rising by $2.71 or 2.5 per cent to $111.74 a barrel and the United States West Texas…

Friday, Jul 1

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The Importance of Financing a Sustainable Future

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By Sunil Kaushal While climate change may have taken a back seat in a news cycle dominated by COVID-19, war and the cost-of-living crisis, the risks and threats associated with our warming planet remain the biggest long-term threat to our…

UBEC Urges Oyo to Recruit More Teachers

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By Modupe Gbadeyanka The Oyo State government has been advised to recruit more teachers into public primary schools in the state as this will further enhance the quality of basic education. The Universal Basic Education Commission (UBEC),…

NGX, Stakeholders to Discuss Ways to Improve Liquidity, Long Term Value

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By Aduragbemi Omiyale A roundtable aimed to bring together stakeholders in the Nigerian capital market for a discussion on ways to enhance the listing experience, deepen the markets, improve liquidity and identify institutional and…

20

Inflation Menace Targets Transportation Fares

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By Lukman Otunuga Earlier, we discussed how rising inflation was a ticking time bomb and a growing threat to Nigeria’s fragile economic outlook. At 17.71%, the country’s annual inflation rate is certainly on a rise, thanks to soaring food…

Algeria Joins Afreximbank as 52nd Member State

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By Adedapo Adesanya The African Export-Import Bank (Afreximbank) has announced that Algeria has joined the bank as its 52nd Member State. This is contained in a statement by the bank’s media contact, Mr Amadou Sall, in Abuja on Friday,…

17

Airtel Targets 36.8% Unbanked Nigerians With SmartCash

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By Adedapo Adesanya The number of unbanked Nigerians may soon go down with the launch of SmartCash Payment Service Bank by Airtel Africa Plc in Lagos on Thursday. According to reports, about 36.8 per cent of Nigerians who are adults do not…

Nigerian Crude Oil Output Down 80,000bpd in June

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By Adedapo Adesanya For another month, Nigeria failed to meet its crude oil output quota in June 2022, recording a decline of 80,000 barrels per day. The country, which prides itself as Africa’s largest oil producer, finished the month as…

Stock Exchange Suspends Ardova, Niger Insurance, Seven Others

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By Dipo Olowookere Nine publicly quoted organisations trading their shares on the Nigerian Exchange (NGX) Limited have been suspended. A circular issued by the bourse explained that the affected firms were slammed for failing to file their…

16

Binance Hires TikToker Khaby Lame for Web3 Awareness

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By Adedapo Adesanya A week after announcing football icon, Cristiano Ronaldo, as its brand ambassador, Binance enlisted the services of Mr Khaby Lame, the Senegalese content creator who grew to fame through his viral TikTok videos, to…

Council Approves Board to Manage Power Sector Liabilities

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By Adedapo Adesanya The National Council on Privatisation (NCP) has approved the board composition and proposed governance framework for the sustainable management and payment of post-privatisation power sector liabilities transferred to…

15

Qatar 2022: FIFA to Use Semi-Automated Offside Technology

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By Adedapo Adesanya The Federation of International Football Association (FIFA) has announced that semi-automated offside technology will be used at the FIFA World Cup 2022 in Qatar. The new technology will offer a support tool for the…

Airtel’s Smartcash Payment Service Bank Begins Operations in Nigeria

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By Aduragbemi Omiyale The payment service bank of Airtel Africa Plc, Smartcash, has commenced operations in Nigeria with the launch of the company’s wholly-owned subsidiary at an event held in Lagos on Thursday. The leading provider of…

Widows’ World and the Catalysts for a New Order

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By Jerome-Mario Chijioke Utomi That their surnames (Okowa and Okonta) sound similar and familiar could be enough incentive for one to hastily allege the existence of a biological family line. But in the actual sense of it, this particular…

13

Bolt Strengthens Commitment to Safety With Bella

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By Aduragbemi Omiyale A new archetype character aimed to improve customer experience and demonstrate its commitment to the safety of drivers and passengers has been introduced by an e-hailing platform, Bolt. The new persona called Bella is…

Google Organises Residency Programme for Young Non-mainstream Creators

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By Modupe Gbadeyanka Some young non-mainstream creators were recently gathered in Nairobi, Kenya for a two-day residency programme organised by a tech giant, Google. The bootcamp took place from Tuesday, June 28 to Thursday, June 30, 2022,…

11

Naira Further Loses Value Against Dollar at Official Market

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By Dipo Olowookere The value of the Naira to the Dollar at the official exchange rate window further weakened on Thursday by 17 Kobo or 0.04 per cent, closing at N425.05/$1 compared with the N424.88/$1 it was traded on Wednesday. According…

09

Nigerian Stocks Move Northwards by 0.03% on Renewed Buying Interest

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By Dipo Olowookere A renewed buying interest in Nigerian stocks pushed the benchmark index higher by 0.03 per cent on Thursday, which was the last trading day in June. Business Post observed that investors showed interest in equities in…

Unlisted Securities Market Closes Final Session in June Flat

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By Adedapo Adesanya The final trading session at the NASD Over-the-Counter (OTC) Securities Exchange closed in the flat territory on Thursday, (June 30), with the key performance indicators remaining unchanged. Business Post reports that…

08

Oil Falls After OPEC+ Leaves Questions About Output Future

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By Adedapo Adesanya Oil fell on Thursday as the Organisation of the Petroleum Exporting Countries and allies (OPEC+) left the market wondering about the future output, causing the Brent crude to trade lower by $3.42 or 3 per cent to $114…

Thursday, Jun 30

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Buhari Renews Appointment of Patience Oniha as DMO DG

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By Aduragbemi Omiyale Ms Patience Oniha has been given an opportunity to remain in office as the Director-General of the Debt Management Office (DMO) for another term of five years. The debt office chief, who has been in office for the…

NNPC Must Open More Petrol Depots to Solve Incessant Scarcity—Lawmaker

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By Modupe Gbadeyanka The Nigerian National Petroleum Company (NNPC) Limited has been advised by the House of Representatives to consider opening more petrol depots across the country to solve the incessant scarcity of the product. While…

23

Lagos Lauds MTN Nigeria’s Support for Education

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By Modupe Gbadeyanka A notable telecommunications company, MTN Nigeria, has been given a pat on the back by the Lagos State government for its support for education in the metropolis. In June 2020, MTN Nigeria commenced a free data offer…

Nigeria’s $300m Diaspora Bond Matures, Investors Get Alert

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By Aduragbemi Omiyale Nigerians living abroad who invested in the $300 million diaspora bond issued by the federal government in 2017 have received the value of their initial investment. The debt instrument matured on June 27, 2022, and…

22

Reps to Investigate Duplication of Functions Across MDAs

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By Adedapo Adesanya The House of Representatives has inaugurated an ad-hoc committee to investigate the duplication of functions rife across ministries, departments, and agencies (MDAs) of the government. The Speaker of the House of…

OPEC+ Sticks to Oil Output Hike for August

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By Adedapo Adesanya **Avoids debate on September plans The Organisation of the Petroleum Exporting Countries and allies (OPEC+) said on Thursday that it would stick to its planned oil output hike for August 2022. However, the alliance…

17

Kaduna Dry Port to Operate Domestic Export Warehouse

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By Adedapo Adesanya The Kaduna Inland Dry Port (KIDP) is set to commence operation as Nigeria’s first Domestic Export Warehouse (DEW) to promote the export of made-in-Nigeria goods and agricultural produce. This was disclosed by the Port…

WHO Partners Health Authorities to Bolster Monkeypox Testing in Africa

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By Adedapo Adesanya The World Health Organisation (WHO) has announced that it was working with national health authorities in Africa to bolster surveillance and laboratory diagnosis to detect cases and deter a silent spread of the virus.…