Bears Further Inflict 0.17% Pain on Nigerian Stocks

By Aduragbemi Omiyale President Bola Tinubu has said the 2024 budget presented to the joint session of the National Assembly on Wednesday was designed to achieve macroeconomic stability, a better investment environment, greater access to social security, poverty reduction and enhanced human capital development. According to him, if these goals are achieved, the standard of living of Nigerians will improve and the citizens will enjoy the dividends of democracy. While presenting the 2024 Appropriation Bills to the parliament yesterday, the President said this was why he christened the budget proposal as the Budget of Renewed Hope. Mr Tinubu told the

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 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

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 Philip Odiakose As technology advances, media intelligence has become an increasingly important service for brands to stay ahead of the competition. One of the latest developments in this area is the application of ChatGPT, a language model developed by OpenAI, in media intelligence. ChatGPT has the ability to analyze vast amounts of data and provide insights in real time, making it an attractive tool for businesses looking to improve their media strategy. In this article, we will explore the benefits and limitations of using ChatGPT in media intelligence. ChatGPT in Media Intelligence Media intelligence is the process of collecting,

By Dipo Olowookere Those having shares of Universal Insurance Plc in the investment portfolio can now begin to trade them on the floor of the Nigerian Stock Exchange (NSE). On Tuesday, July 2, 2019, the NSE announced the suspension of trading in the equities of 11 companies on its trading platform over their failure to release their financial statements as required by the listings rules. In the circular marked NSE/RD/LRD/MB34/19/07/02, the NSE had said the affected firms went against Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of the exchange (Issuers’ Rules), which provides that:

By Modupe Gbadeyanka Doctors under the payroll of the Lagos State government have kicked against the recent appointment of Mr Segun Adeniji as the Permanent Secretary for the Lagos State Health Service Commission. The aggrieved doctors, under the aegis of Medical Guild, explained that their rejection of Mr Adeniji was based on the fact that the appointee is not a medical professional. Mr Adeniji was among the six new permanent secretaries appointed by Governor Akinwunmi Ambode on December 27, 2018 and sworn into office on December 31, 2018. He was initially the General Manager of Lagos Waste Management Authority (LAWMA).

Chief Executive Officer of Alerzo Limited, Mr Adewale Opaleye, has said the innovative e-commerce platform has improved the business fortune of over 80,000 informal retailers across the country. Alerzo is one of the innovative Business-to-Business e-commerce platforms deploying technology to reinvent the distribution value chain in the informal retail sector. While speaking on the impact of e-commerce brands on the sector, Mr Opaleye said “We empower retailers in the informal sector through our ecosystem of digital products, so, they are equipped to run profitable and sustainable businesses. “We’re focused on supplying much-needed products to informal retailers without the usual stress

By Adedapo Adesanya Oil futures fell sharply on Tuesday, September 29, sending major benchmark crude prices down by more than 3 per cent, their lowest finish in two weeks. The Brent crude fell $1.65 or 3.89 per cent to $40.78 per barrel while the United States West Texas Intermediate (WTI) crude lost $1.6 or 3.94 per cent to $39 per barrel. Both Brent and WTI futures settled at their lowest front-month prices since September 15. A rising number of COVID-19 cases had investors worried throughout the globe, a development that may harm appetite for oil and other energy assets in

By Modupe Gbadeyanka Not less than 5,000 business owners drawn from Nigeria, Kenya, and South Africa have completed a training programme from Google Hustle Academy. The Hustle Academy, launched in February, provides practical business training which helps entrepreneurs learn the soft skills that complement their hard talents through peer-to-peer and mentor-driven learning. At the graduation ceremonies in the three countries, Google announced a new speaker series in which successful African entrepreneurs share lessons and advice, furthering its commitment to helping entrepreneurs and small businesses thrive. The new talk-show-style video series featuring renowned and respected entrepreneurs from across Africa, sharing practical

By Dipo Olowookere The remains of chieftain of National Union of Road Transport Workers (NURTW) in Shogunle area of Oshodi, Lagos State, Mr Rasaz Bello otherwise known as Hamburger, would be laid to rest on Friday, June 2, 2017 (today). Mr Bello was murdered on Monday, May 29, 2017, during the local council primaries of the All Progressives Congress (APC) in Lagos State ahead of the council polls next month. He was killed by a rival group allegedly led by one Samson Agbetoye, popularly known as Golden, believed to be loyal to Treasurer of the union in Lagos, Mr Musiliu

Nothing describes youthfulness like music, dance and a fun-filled party. And if last year was a measure, it was one of the ‘bombest’ years for students of Moshood Abiola Polytechnic (MAPOLY); Federal University of Agriculture, Abeokuta, (FUNAAB); University of Calabar (UNICAL), etc. Are you asking what happened? If you just asked that question, then it must be one of two things. The first is that you are an ‘oldie’ in which case we will respectfully tell you to read to the end to catch up on what the young ones have been up to. The second is that you are