Asian Equities Close Mixed as Investors Await Directional Cues from China, Japan, Australia

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 NASD Over-the-Counter (OTC) Securities Exchange fell into the danger zone on Tuesday, November 28, as it recorded a 1.14 per cent loss after the price of three securities on the platform closed lower. This chopped off N13.33 billion from the NASD OTC securities exchange at the close of transactions, going down to N1.158 trillion from the N1.171 trillion it ended in the previous session. Business Post reports that the effort of a price gainer yesterday could not save the NASD Unlisted Security Index (NSI) from declining by 9.84 points to 854.67 points from the 864.51 points

By Modupe Gbadeyanka The chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, has asked his counterpart in the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, to support his agency to achieve the Renewed Hope Agenda of President Bola Tinubu, who appointed both of them. Speaking during a courtesy visit to the headquarters of the anti-money laundering firm, Mr Adedeji said the EFCC has a role in ensuring that taxpayers’ funds are “judiciously utilised in line with the social contract with the people.” He assured that the FIRS would continue to strive to raise the revenue

By Aduragbemi Omiyale One of the leading telecommunications companies in the country, MTN Nigeria, has emphasised that one of its key priorities is to maintain network stability, promising to always work hard to make enjoy a stable network. The firm made this known in a statement issued on Wednesday in response to media reports about a possible disruption of service to its customers. In the reports, it was said that MTN Nigeria issued a notice to its customers that services to them could be disrupted. In its response, the firm said the warning was a normal thing it does, especially

By Modupe Gbadeyanka President Donald Trump on Thursday, June 1, 2017, announced his decision to withdraw the United States from the Paris Climate Accord signed in 2015. The agreement was put in place to set out a global action plan to put the world on track to avoid dangerous climate change by limiting global warming to well below 2°C. During his speech today, Mr Trump said the deal does not favour America, stressing that it punishes the US, while making others happy. “In order to fulfil my solemn duty to protect America and its citizens, the United States will withdraw

By Dipo Olowookere Swedish-Swiss multinational corporation headquartered in Zürich, ABB, has announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13,500 employees around the world. In 2016, GE Industrial Solutions had revenues of approximately $2.7 billion, with an operational EBITDA margin of approximately 8 percent1 and an operational EBITA margin of approximately 6 percent1. ABB will acquire GE Industrial Solutions

By Adedapo Adesanya The local currency recorded a N2 or 0.32 per cent appreciation against the American Dollar on Thursday, June 23 at the Peer-to-Peer (P2P) segment of the foreign exchange, trading at N622/$1 at the close of business compared with the previous day’s value of N620/$1. The Naira also strengthened against the US Dollar at the Investors and Exporters (I&E) segment of the market yesterday by 33 kobo or 0.05 per cent. At the spot market, the exchange rate of the Naira to the greenback was N420.17/$1 in contrast to the N420.50/$1 it was traded in the previous session.

By Adedapo Adesanya The Manufacturing Purchasing Managers’ Index (PMI) in Nigeria stood at 41.1 points in June 2020, contracting for the second time. Business Post had reported that for the first time in 37 months, the PMI of the manufacturing sector in Nigeria contracted to 42.2 points in May 2020. In its latest report, the Central Bank of Nigeria (CBN) showed that out of the 14 surveyed sub-sectors, five sub-sectors reported growth, above 50 percent. These were electrical equipment; cement; petroleum and coal products; transportation equipment and paper products. Meanwhile, other nine sub-sectors reported decline and included printing and related

By Dipo Olowookere A mobile app to allow its users to track their remittances has been introduced by a leading global digital payments company, WorldRemit. The initiative called WorldRemit Transfer Tracker mobile App is now available through the Google app store in Nigeria, India, Mexico and Colombia. It will be free to download through the app store in 90 countries in iOS and Android later this month. The Transfer Tracker App has a track my money feature, which allows recipients to see exactly where their funds are in real-time for added peace of mind. According to the 2017 World Bank

By Dipo Olowookere Leading fintech lending company, Renmoney, capped its activities for 2018 by hosting its staff to a memorable end of the year party. CEO of the firm, Tobi Boshoro, speaking at the event, described 2018 as splendid, saying, “It’s been an amazing year. We have learnt a lot about our customers and served them much better than we did in the past. We hope that in 2019, we’ll be able to provide our services to even more people and deliver a stronger impact on the economy.” During the ceremony, awards were issued to outstanding employees in different categories

By Ashemiriogwa Emmanuel The federal government has applauded Ecobank for making efforts to boost trade in West Africa, calling on other stakeholders to join forces to make the sub-region a formidable force on the continent. The Minister of Industry, Trade and Investment, Mr Niyi Adebayo, who gave this commendation at an event held recently, expressed optimism that a sustained collaboration with the organized private sector would enrich and improve commerce and the economy of nations in West Africa. Mr Adebayo was a special guest of honour at a webinar organised by the Lagos Chamber of Commerce and Industry (LCCI) to