Asian Markets Remain Upbeat on Ongoing Talks Between South, North Korea

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 Adedapo Adesanya The boards of insurance companies operating in the country have been charged by the National Insurance Commission (NAICOM) to embrace the measures put in place to tackle the challenges of unpaid claims. The Commissioner for Insurance, Mr Sunday Thomas, expressed worry over the number of outstanding claims in the sector despite efforts by the regulator to address the issue. Mr Thomas, who is also the chief executive of NAICOM, said the organisation, in collaboration with members of the Insurers’ Committee, has taken decisions and incepted measures designed to tame the menace of unpaid claims. Speaking at the

By Adedapo Adesanya The prices of oil benchmarks jumped by 2 per cent on Tuesday on the fresh possibility that the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) will extend or deepen supply cuts. Data showed that Brent crude futures gained $1.70 or 2.1 per cent to close at $81.68 a barrel and the US West Texas Intermediate (WTI) crude increased by $1.55 or 2.1 per cent to $76.41 per barrel after a drop in Kazakh oil output and a weaker US Dollar. OPEC+ is due to hold an online ministerial meeting on Thursday to discuss 2024

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 Rotimi Onadipe Internet abuse and internet addiction are strong weapons that the enemy known as Satan had planned to use to steal, kill and destroy the glorious future of many people in these last days. It is no longer news in our society that we have multiple cases of children of the same parents having sex with each other, people having sex with animals, rape cases involving minors have also increased tremendously. It is very sad that youths these days are desperate to become billionaires even while they are still in primary, secondary or tertiary institutions because they believe

By Adedapo Adesanya Leading non-interest banking institution in Nigeria, Jaiz Bank Plc, recorded N1.8 billion Profit After Tax (PAT) for the year 2019 as revealed in the company’s unaudited Consolidated Financial Statement for the year under review. The post-tax profit declared by the firm last year was 114 percent better than what was achieved in the 2018 financial year, N834 million. In the year under consideration, the lender declared a profit before tax of N2.1 billion, higher than the N897.7 million in the previous year, while the sum of N315.2 million was paid as tax to the government, higher than

By Aduragbemi Omiyale Efforts would be made to create more wealth for investors and Nigerians and stimulate economic growth, the Securities and Exchange Commission (SEC) promised. At a meeting over the weekend, the Director-General of SEC, Mr Lamido Yuguda, said this would be achieved by deepening and diversifying the capital market. He said when capital markets are developed, the entire engine of saving and investing and allocating resources to the projects with the highest expected returns is made easy. “And if you do that effectively, you will see that you will create more jobs in the economy, create more revenue

By Modupe Gbadeyanka The Chartered Institute of Bankers of Nigeria (CIBN) said it has partnered with the Central Bank of Nigeria (CBN) to carry out a national survey on the possible adoption of cryptocurrency in the country, especially Bitcoin, the most popular among the digital currencies in the world. The Nigerian authorities are yet to give legal backing to the use of cryptocurrencies in the country and have warned her citizens not to be involved in transactions using digital currencies. President of the CIBN, Mr Segun Ajibola, during a visit to the Senate President, Mr Bukola Saraki, in Abuja recently,

By Modupe Gbadeyanka President Muhammadu Buhari is leaving Nigeria today, Wednesday, October 18, 2017, for Istanbul, Turkey to participate in the ninth Summit of the Developing 8 (D-8) on Friday, October 20, 2017. Prior to the D-8 Summit, President Buhari, at the invitation of President Recep Tayyip Erdogan of Turkey, will participate in an official working visit to Ankara, the capital city. In Ankara, the President will have a tete-a-tete with his Turkish counterpart while delegations from both countries will hold discussions in various fields including defence cooperation, security, educational and migration issues. The Nigerian leader will also visit the

By Walter Duru Last week, former member of the House of Representatives and Deputy Governorship candidate of the Peoples Democratic Party (PDP) in Imo State, Mr Gerald Alphonsus Irona, raised the bar, with a new level of political campaign, based on issues. Speaking during an interactive session with media practitioners in Imo, Irona moved far away from the everyday rhetoric of political promises to critical issues on how to rebuild Imo State, as captured in the Ihedioha/Irona development plan. Of all that ex lawmaker said, some of the areas that really touched me are those that address transparency and accountability

By Dipo Olowookere Lagos Commandant of the Nigeria Security and Civil Defense Corps (NSCDC), Mr Tajudeen Balogun, has pledged his unflinching support to the new Commissioner of Police in Lagos State, Mr Imohimi Edgal. The NSCDC boss said his agency was ready to work hand in hand with the police force in other to combat crime in the state. Speaking during a courtesy call to the police boss in his office at the Lagos Police Command Headquarters, Ikeja, Lagos, Mr Balogun said, “Because of the fact that the security situation in Lagos is huge and needs an intelligence led policing,

By Adedapo Adesanya The federal government has assured that the challenge encountered by MTN subscribers in the use of the Unstructured Supplementary Service Data (USSD) channel for financial transactions would be resolved very soon. It was gathered that MTN line users find it difficult to use the USSD codes to carry out financial transactions and this is because of the feud between the telco and commercial banks. MTN subscribers had earlier on Friday taken to social media to lament as they could not recharge their phones from banking channels including the USSD and banking apps. In a message sent to