Asian Shares Finish Broadly Higher on Upbeat Economic Data

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, November 27 as expectations of renewed confidence that the Central Bank of Nigeria (CBN) would offer stability to the market. Before the market closed, there were indications that the CBN Governor, Mr Olayemi Cardoso, would share his plans for the Nigerian economy at a dinner for bankers in Lagos and this boosted a fresh hope, considering he had not offered a direction prior then. In the official market, the domestic currency gained N161.44 or 16.9 per cent against the Dollar

By Modupe Gbadeyanka The sum of N27.5 trillion has been approved for the 2024 budget by the Federal Executive Council (FEC) on Monday. The Minister of Budget and Economic Planning, Mr Atiku Bagudu, confirmed this development to newsmen after the FEC meeting in Abuja. He also disclosed that the council, which was chaired by President Bola Tinubu, said the 2024 Appropriation Bill should be funded from N18 trillion revenue expected to be generated by the country. “The federal executive council considered the 2024 Appropriation bill. The Medium Term Expenditure Framework (MTEF) was earlier approved by the National Assembly. It has

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 Dipo Olowookere The Nigerian Exchange (NGX) Limited posted a 0.25 per cent growth at the close of trading activities on Friday, influenced by persistent bargain-hunting. Business Post reports that the market breadth index was positive yesterday after 33 stocks closed on the gainers’ chart and 21 equities ended on the losers’ table, indicating a strong investor. Secure Electronic Technology was the best-performing stock for the trading session as its value rose by 10.00 per cent to 55 Kobo, followed by MeCure, which gained 9.90 per cent to close at N9.21, Neimeth appreciated by 9.85 per cent to N2.23, Multiverse

By Dipo Olowookere On Thursday, September 21, 2017, the Central Bank of Nigeria (CBN) will offer for sale treasury bills worth N140.9 billion. At the auction, the apex bank will offer N28.12 billion of three-month debt, N23.68 billion of six-month bills and N89.08 billion in one-year notes. Thursday’s sale is the last for the month of September, according to calendar for the issuance of treasury bill for the fourth quarter of 2017 released by the CBN. Business Post gathered that the apex bank will conduct the exercise using the Dutch auction system. Settlement will be made on Friday, which is

By Dipo Olowookere  Heritage Bank Plc has partnered Workforce group in a bid to enhance impactful leadership that will contribute to the financial performance of an organisation. Speaking at a Learning & Development Leaders Conference organised by Workforce group in Lagos, yesterday, Mrs Tochi Onuoha, Head, Learning and Development with Heritage Bank posited that it was imperative for the learning and development team of an organisation to understand the strategy of the organisation and build initiatives around it so that it could get management’s buy-in. Mrs Onuoha noted that generally, management sees learning and development unit of the organisation as

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) continued its regular intervention in the foreign exchange market on Monday with the release of $195 million. This was done to sustain the smooth flow of forex in the market and as well ease pressure on the local currency. Acting Director, Corporate Communications, CBN, Mr Isaac Okorafor, who confirmed the intervention in a statement issued yesterday, reassured the apex bank’s commitment to continue with it. According to him, $100 million was offered in wholesale auction at the inter-bank foreign exchange market. In addition the Small and Medium Enterprises (SMEs) segment received

By Modupe Gbadeyanka Reports reaching us indicate that Guinness Nigeria Plc has now received clearance of the issue documents from the Securities and Exchange Commission (SEC) and approvals from the Nigerian Stock Exchange (NSE) to list the new Guinness Nigeria shares on the NSE. This followed approval received in January from shareholders of the firm on the exercise. A statement issued by Guinness Nigeria today disclosed that the funds raised will support the brewery company in executing its strategy in the context of ongoing external economic challenges. Guinness Nigeria plans to raise a total of N39.7 billion by way of

Ghana’s former professional boxer, Prof. Azumah Nelson and actress Ama K. Abebrese joined Geodrill, a leading exploration drilling company to plant trees as part of the government’s intent to plant five million trees across the country as an initial programme under the Green Ghana Initiative. Prof. Azumah Nelson emphasized that the Green Ghana Project is a laudable initiative that needs to be supported by all Ghanaians, saying that human existence hinges directly on the survival of trees. Thus, without the oxygen produced by trees, we cannot survive as human beings. He was very hopeful that the initiative, as a concerted

By Modupe Gbadeyanka The lawmaker representing Oluyole Federal Constituency at the National Assembly, Mrs Tolulope Akande-Sadipe, is proposing a law increasing the validity of the Unified Tertiary Matriculation Examination (UTME) conducted Joint Admissions and Matriculation Board (JAMB) to three years. The congresswoman pushed this bill for the extension of the validity for UTME results before the lower chamber of the parliament on Wednesday, March 16, 2022, during the plenary. She noted that the yearly examination was great and has been able to determine applicants who are prepared for the rigorous task of studying in the tertiary environment, but stressed that

By Adeniyi Ogunfowoke The fact is, not everyone can afford a brand new laptop whether you are buying it online or offline. This is why many Nigerians prefer to purchase a second-hand laptop. To minimise the risk of making a bad purchase, Jumia, the online shop you can trust highlights some of the things you should consider before buying a second-hand or a fairly used laptop. Know what you need Before you buy any second-hand laptop, find the activities for which you want to use it for. For basic use, a 2GB laptop is okay; for intermediate use, a 4GB laptop