6-Month T-Bills Yields Gain 1.23% Amid Further Absence of OMO Sale

By Aduragbemi Omiyale A workshop designed to educate investors, especially those in the retail end of the curve, on how they can improve corporate governance has been organised by the Nigerian Exchange Regulation (NGX RegCo) Limited. The two-day event, which took place on Thursday, November 23, and Friday, November 24, 2023, was themed Rights and Responsibilities of Shareholders in Driving Corporate Governance. According to the NGX RegCo, the seminar was designed to promote a transparent and fair market, with participants agreeing that all hands must be on deck to sanitize the market and bring the boards and management of listed

By Dipo Olowookere Local equities rebounded by 0.34 per cent on Wednesday on the back of buying pressure on a few energy stocks and others at the Nigerian Exchange (NGX) Limited. According to data from the bourse, the bullish stance was attained despite profit-taking activities in the banking space amid plans by the Central Bank of Nigeria (CBN) to recapitalise the industry, leaving the market breadth index negative. This was because the number of price losers was more than the price gainers at 39 and 19 apiece, indicating a weak investor sentiment. Business Post reports that the energy counter grew

Welcome to the fascinating world of cryptocurrency wallets, where technology is always developing and innovating. Blockchain technology and cryptocurrencies have revolutionized how we see and utilize money over the last ten years. Cryptocurrency wallets have been crucial in this transition, giving consumers the means to safely access, control, and use their digital assets. Let’s explore the exciting developments and trends that are predicted to completely alter the landscape of crypto wallets as we look to the future. Key Takeaways The environment of cryptocurrency wallets is changing quickly as a result of new trends and technologies. Future crypto wallets will prioritize

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigeria Autonomous Foreign Exchange Market (NAFEM) and the unregulated Peer-to-Peer (P2P) and the parallel market segments of the foreign exchange (FX) market on Wednesday, November 29 as President Bola Tinubu reiterated his administration’s promise to meet its obligations. Speaking during the presentation of his administration’s N27.50 trillion 2024 budget proposal to the joint session of the 10th National Assembly on Wednesday, Mr Tinubu said, “Despite the challenges, we continue to meet our obligations.” In the official NAFEM segment of the market, the value of the local currency went

By Modupe Gbadeyanka The major U.S. index futures are pointing to a modestly lower opening on Monday following the lackluster performance seen last Friday. Disappointment with the outcome of the G20 meeting may weigh on the markets, as finance ministers failed to agree on a commitment to keep global trade free and open. The token reference to trade in the G20 communiqué was seen as a reflection of President Donald Trump’s more protectionist policies. Any early selling pressure is likely to be relatively subdued, however, as a lack of major U.S. economic data may keep some traders on the sidelines.

By Adedapo Adesanya Professional and consultancy service firm, PwC Nigeria, has instituted a N100 million intervention fund to support individuals, businesses and government in responding to the impact of the COVID-19 pandemic in Nigeria. The company in a statement it issued said that the COVID-19 intervention fund tagged PwC Cares was in line with its purpose of building trust in society and solving important problems. It clarified that it consists of a number of initiatives targeted at various sections of society including vulnerable households, health workers and small businesses. The firm is also leveraging on its knowledge and resources around

By Dipo Olowookere Nigeria’s Inspector General of Police (IGP), Mr Ibrahim Idris, has promised to give more support to improve police security at banks and other financial institutions across the country. Mr Idris made this known when he received the committee of Heads of Security of Banks and Financial Institutions led by its chairman, Mr Chuks Maha, during a courtesy visit to his office last Wednesday at the Force Headquarters, Abuja. The IGP appreciated the committee for the visit and expressed deep gratitude on the cordial and good working relationship existing between the Nigeria Police Force and the committee. He

By Adedapo Adesanya Transactions on the trading floor of the NASD Over-the-Counter (OTC) Securities Exchange closed on Tuesday, October 29, 2019, the same way they were on Monday. At the close of business, the key market indicators, the NASD Security Index (NSI) and market capitalisation, were at the levels they were at the previous trading session. According to data from the NASD, the market capitalisation stayed at N499.72 billion when market activities were brought to an end, while the NSI remained at 695.57 points. Also, there were no price gainer or loser during the day’s market session. Furthermore, there were

By R. B. Dagogo-Jack FACTS: In the 2015 elections, the Peoples Democratic Party (PDP) controlled the Federal Government of Nigeria (FGN) and the All Progressives Congress (APC) was in opposition. The military was heavily involved during the elections which took place in Ekiti, Rivers and others. In spite of the huge military involvement in that election, no soldiers were reported shot dead by armed political thugs  because the then  opposition APC, unlike the then ruling PDP, did not recruit and arm our youths with lethal weapons during the elections to shoot at sight anyone who tried to stop them from

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has released names and list of microfinance banks authorised to operate in the country. This comes as the apex bank extended the Bank Verification Number (BVN) exercise to microfinance banks and other financial institutions operating in Nigeria. In the list posted on its website, the central bank said there are 991 microfinance banks given the authority to operate in Nigeria. These banks can be viewed on https://www.cbn.gov.ng/Out/2017/FPRD/UPDATE%20List%20of%20MFB%20as%20at%20April%2024%202017.pdf

By Modupe Gbadeyanka Vice-Chairman of Sickle cell Support Society of Nigeria (SCSSN), Prof Obiageli Nnodu, has disclosed that about 3.6 million Nigerians are affected by the sickle cell disease, representing 2 percent of the country’s population. Professor Nnodu made this disclosure in an interview at the just concluded conference organised by SCSSN in support of Pfizer in Enugu last week. Professor Nnodu, who is also an authority in Haematology and Blood Transfusion, said apart from those directly affected, 25 percent of Nigerians are carrying the gene and therefore noted that there’s every need to tackle its prevalence. She said Sickle

By Adedapo Adesanya  Crude oil prices continued in the bearish territory on Wednesday, falling more than two percent, driven by the spread in COVID-19 affecting demand. The disease has now reached other nations in Asia, Europe, Latin America, and the Middle East. The virus, which had been affecting oil prices for more than a month, spread into oil-producing countries in the Middle East and new markets in America as hundreds of new coronavirus cases have been reported. Brent crude fell $1.53 or 2.82 percent to $52.73 per barrel on Wednesday as the US West Texas Intermediate (WTI) crude dropped further