5 Ways Any Nigerian Can Become Financially Stable

By FBS As Black Friday approaches, global broker FBS delves into the relationship between the year’s biggest sales season and its impact on the financial markets. The FBS analysts particularly discover the trends of the world’s largest economy – the American. They analysed reactions across assets and macroeconomic conditions to understand the Black Friday impact better. What influences the Black Friday numbers FBS analysts highlight three critical indicators for gauging Black Friday’s impact on the US economy: the number of buyers, the average amount spent, and the total spending. Over the past 18 years, notably successful in terms of total

By Adedapo Adesanya Brent crude benchmark dipped below $80 a barrel on Monday, precisely losing 60 cents of 0.7 per cent to trade at $79.98 a barrel as investors await this week’s meeting of the Organisation of the Petroleum Exporting Countries and their allies (OPEC+). The group is anticipated to maintain its ceiling on crude oil production by member countries into 2024. This affected the oil market, with the West Texas Intermediate (WTI) crude futures declining yesterday by 68 cents or 0.9 per cent to trade at $74.86 per barrel. Last week, the 23-man OPEC+ postponed its Sunday ministerial meeting

By Aduragbemi Omiyale The sum of N75 million has been disbursed to 15 small and medium-sized businesses (SMBs) in Nigeria to support their expansion drive. The funding package was given by Google’s Hustle Academy, with beneficiaries drawn from various industries, including agriculture, and fashion, among others. The 15 Nigerian small business owners were among the 5,300 entrepreneurs who graduated from the academy, designed by the tech giant to provide an avenue for participants to enhance their business skills and knowledge, and contribute to the growth of the continent’s economy. The recipients of the funding support are Ifeoma Augusta Anselem of

By Dipo Olowookere The positive momentum witnessed at the Nigerian Exchange (NGX) Limited continued on Monday with a 0.17 per cent leap at the close of business. Buying pressure, particularly in a few blue-chip equities, kept the bulls at Customs Street during the trading session, though the consumer goods space succumbed to profit-taking by 0.99 per cent. But hope was kept alive by the gains reported by the other key sectors of the market, with the banking counter growing by 1.71 per cent, and the industrial goods index appreciating by 0.01 per cent, while the insurance and energy sectors remained

By Modupe Gbadeyanka The first international cargo flight landed at the Akanu Ibiam Airport Enugu State on Tuesday amidst funfair. During the historic event, Governor Ifeanyi Ugwuanyi, who was on ground to witness it, expressed his joy over the development. In his address, Mr Ugwuanyi said the event marks yet another very significant milestone in the history of aviation in Enugu State and indeed, the entire south east region. He reminded the gathering that three years ago, precisely on August 24, 2013, the first ever international passenger flight to Enugu operated by the Ethiopian Airlines landed at the same airport.

By Adedapo Adesanya The federal government has rejected a single pathway to energy transmission, saying that it will still bank on fossil fuels just as it explores other ways to achieve net-zero carbon by 2050. This was made known by the Minister of State for Petroleum Resources, Mr Timipre Sylva while speaking on Thursday at the Seplat Energy Summit which was held in Abuja and themed Global Trends In Energy Transition. While acknowledging the importance of renewable and sustainable energy in the country’s future, he emphasised that the country will continue to explore and invest in the development of hydrocarbon

By Modupe Gbadeyanka The management of Lagos Business School (LBS) has commenced the process of building an International Management Research Centre to be named after the late Nigerian technocrat and administrator, Mr Gamaliel Onosode. To mark the occasion, a sod-turning ceremony was held at the centre’s construction premises at the Lagos Business School on Wednesday, November 29, 2017. LBS received a generous donation from the Onosode family, on behalf of the Gamaliel and Susan Onosode Foundation (GAMSU), for the research centre project. The foundation is a non-profit and non-political organization, set out to provide the enabling environment for the success

By Adedapo Adesanya The African Youth Survey 2020 has revealed a rising “Afro-optimism” among youths in Africa driven by a strong sense of individual responsibility, a post-colonial mindset, entrepreneurialism and confidence in a shared African identity. Conducted across 14 African countries, it was discovered that Africa’s youth believe they can solve problems collaboratively and are hopeful of fighting corruption, achieving peace and improving their personal living conditions. These new findings contradict global stereotypes and outdated narratives that see Africa as a hopeless continent. The survey was conducted by the Ichikowitz Family Foundation, a leading African foundation encouraging active citizenship across

By Modupe Gbadeyanka Sokoto State Governor, Mr Aminu Tambuwal, has approved the release of N1.2 billion for the payment of accumulated gratuity from the year 2010 for staff of local government councils in the state. In addition, the Governor has released the sum of N662 million as outstanding allowances due to elected representatives for council chairmen and their councillors in the 23 local government areas as well as N346,747,891 as severance gratuities to former council officials. Commissioner for Local Government and Community Development, Mr Mannir Dan’Iya, who revealed this information in a statement, noted that all approved funds have been

By Modupe Gbadeyanka The Islamic Corporation for the Development of the Private Sector (ICD), the private arm of Islamic Development Bank Group (IDBG), and International Association of Islamic Business (IAIB), signed a Memorandum of Understanding (MoU) to explore possible avenues for collaboration in enhancing business relations between entrepreneurs from Islamic countries and Russian Federation. The two institutions are determined to collaborate on introducing Islamic banking products in Russia by attracting banks operating in accordance with Islamic principles and lobbying for changes in Russian banking legislation to incorporate Islamic banking. ICD and IAIB also reached agreement to facilitate information and expertise