Asian Equities Slump as Oil Extends Fall

By Adedapo Adesanya The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that Nigeria saw a 65.7 per cent or N76.77 billion increase in earnings from the solid minerals sector in 2021 to N193.59 billion from the N116.82 billion achieved in 2020. This upward trajectory has been on for the past five years, according to a report from the agency. The Executive Secretary of NEITI, Mr Orji Ogbonnaya Orji, however, lamented that this is still abysmal considering the potential of the sector to the Nigerian economy. He said this while presenting the solid minerals sector report in Abuja, noting that

By Benita Ayo A while ago, it was announced that certain companies would be struck off the corporate register of the Corporate Affairs Commission. The major reason for this is the failure of defaulting companies to file their Annual Returns with the commission. I have always reiterated the fact that approval of an application to register a company does not signify that its officers can fold their hands and go to sleep. There are bundles of requirements to be fulfilled by such companies one of which is the filing of its Annual Returns. The Annual Return is a yearly account

Introduction In the fast-paced world of forex trading, finding a reliable broker can be a daunting task. With the ever-evolving landscape of financial markets, traders need a partner they can trust, one that understands their needs and challenges. Enter FBS, a brokerage firm that stands tall despite the challenges that have beset the industry. In this review, we delve into the unique strengths of FBS broker and how it has managed to overcome the odds to offer a top-notch trading experience. Turning Challenges into Opportunities FBS broker has not been immune to the challenges that have affected the forex trading

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange improved by 0.12 per cent on Wednesday, September 20, with the unlisted securities index expanding by 1.00 points to end the day at 806.29 points as against the 805.29 points it recorded at the previous session. During the trading day, the market capitalisation of the alternative stock exchange increased by N1.42 billion to close at N1.139 trillion compared with Tuesday’s closing value of N1.138 trillion. It was observed that the bulls overcame the bears on Wednesday, with the bourse closing with three price gainers and two price losers. Aradel Holdings Plc

By Adedapo Adesanya The value of the Naira appreciated on the US Dollar at the Bureaux De Change (BDC) segment of the foreign exchange (FX) market on Tuesday to its highest level since April as the Central Bank of Nigeria (CBN) is set to resume weekly forex sales. This development has continued to rattle forex speculators in the country, who had taken control of the market in the past weeks, dictating the value of the Dollar against the local currency. At the Abuja BDC market, the Nigerian currency appreciated by N44 to close at N430/$1 in contrast to the previous

By Adedapo Adesanya As part of the response to contain the outbreak of Lassa fever, the Nigeria Centre for Disease Control (NCDC), closely working with the World Health Organization (WHO) and partners has activated a national Lassa fever multi-partner, multi-sectoral Emergency Operations Centre (EOC) to coordinate response activities at all levels. In combating this year’s outbreak, WHO is supporting the Nigerian government to coordinate technical assistance and operational support of partners including deployment of OneHealth Rapid Response Teams (NRRTs) to most affected LGAs. WHO has also mobilized experts to intervene in investigations, contact tracing, risk communication, and plans are underway

By Dipo Olowookere In a bid to prevent a recurrence of plagiarism in presidential speeches, the presidency has disclosed that it would now install plagiarism detection software in computers of its speechwriters. One of the media aides of President Muhammadu Buhari, Mr Garba Shehu, told Daily Trust that this move was to stop future embarrassments like the one caused by the President’s ‘Change Begins With Me’ speech delivered some days ago. The presidency was forced to apologise for lifting a part of US President, Mr Barack Obama’s 2008 victory speech in the Mr Buhari’s speech without acknowledgment. The presidency blamed

By Dipo Olowookere A meeting of the board of directors of United Bank for Africa (UBA) Plc has been scheduled for two weeks’ time. During the meeting, which precisely holds on Monday, January 29, 2018 in Lagos, the board will propose a final dividend to be paid to shareholders of the lender. UBA is one of the top five banks operating in Nigeria and its performances lately have proven to shareholders that they will always get good returns for their investments. A statement issued by the firm disclosed that at the board meeting for the end of this month, the

By Modupe Gbadeyanka Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has advised retail investors in the nation’s capital market to consider embracing Collective Investment Schemes and Mutual Funds in order to minimise their risks. Speaking in an interview in Abuja, the SEC chief said her agency has put in place a number of initiatives to protect investors as well as boost confidence. “We advise investors to get their financial advisers to advise them properly on where to invest. In this area, we advise retail investors to invest in Collective Investment Schemes and Mutual Funds because

By Dipo Olowookere A subsidiary of FBN Holdings Plc, FBN Capital Limited, has started off 2017 on a winning note with awards and recognition from reputable financial awards institutions. The firm was recognised as the ‘Best Asset Manager in Nigeria’ in the prestigious Euromoney Private Banking and Wealth Management Survey; and also won awards for ‘Best Structured Finance House in Africa’ at the EMEAFinance Achievement Awards; and ‘Best Investment Bank in Nigeria’ at the Global Finance Awards for several successfully delivered transactions in 2016. Acting Managing Director of FBN Capital, Margaret Baale, which commenting on the development, stated that, “We

By Philip Odiakose The role of media monitoring services in governance has become increasingly important in today’s rapidly changing media landscape. With the proliferation of social media and other online channels, decision-makers need to stay up-to-date with public opinion, emerging trends, and media coverage on specific topics or issues. In this article, we will explore the role of media monitoring services in governance, its applications, and how it contributes to effective decision-making. Media Monitoring Services and Their Importance Media monitoring services are tools that track media coverage of specific topics or issues across a range of media sources, including news

By Adedapo Adesanya Oil prices staged a comeback, rising by about 5 per cent on Monday, recovering from a seven-day losing streak with gains driven by a weaker Dollar despite demand concerns strengthened by rising cases of the Delta coronavirus variant. At the market yesterday, the Brent crude gained $3.41 or 5.23 per cent to trade at $68.59 per barrel, while the West Texas Intermediate (WTI) crude moved up by $3.34 or 5.37 per cent to $65.48 per barrel. After dropping more than 8 per cent last week, the new week opened with a breather as a slide in the