Binance, Cristiano Ronaldo to Release Exclusive NFTs

By Aduragbemi Omiyale The federal government has expressed its readiness to work closely with the Nigerian Exchange (NGX) Limited to attract startups to the stock exchange. The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, said the government would use the newly created NGX Technology Board to achieve this goal. Speaking at a tech event themed Invest in Africa’s Future- Let’s Talk About Exits on Thursday in the United States, he noted that Nigeria had been grappling with its over-dependence on oil in the last few years, adding that diversifying from heavy reliance on a single sector like

By Adedapo Adesanya The Centre for the Promotion of Private Enterprise (CPPE) has called on the newly appointed Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, to clear the backlog of foreign exchange as well as guarantee another recapitalisation in the banking sector. “The clearance of the backlog of forex obligations should be accorded high priority to restore the confidence of domestic and foreign investors,” the Managing Director of CPPE, Mr Muda Yusuf said in a press statement titled Ten Point Agenda For The CBN Governor, released over the weekend. Mr Cardoso and four new deputies on

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed in the green territory after it chalked up by 0.37 per cent on Friday, September 22, as three securities finished on the price gainers’ chart and one stock closed in the price losers’ table. This raised the market capitalisation of the OTC Exchange by N4.24 billion to N1.143 trillion from the previous day’s N1.139 trillion, as the NASD Unlisted Securities Index (NSI) increased during the session by 3.00 points to finish at 808.95 points compared with Thursday’s 805.95 points. At the close of transactions, investors traded a total of 10.7

By Dipo Olowookere The trio of Universal Insurance, Oando and UBA were the busiest stocks on the floor of the Nigerian Exchange (NGX) Limited last week, trading 2.212 billion units valued at N8.907 billion in 7,593 deals, contributing 56.56 per cent and 29.32 per cent to the total trading volume and value, respectively. In the week, investors transacted 3.911 billion shares worth N30.379 billion in 38,536 deals versus the 2.933 billion shares worth N47.449 billion exchanged in 44,654 deals in the preceding week. Financial stocks dominated with 2.774 billion units valued at N15.241 billion in 16,379 deals, contributing 70.92 per

The only thing more annoying than an expired or soon-to-expire Nigerian passport is the time and energy required to renew it. If you’re looking for how to fast-track your passport renewal process this holiday season, then this is for you! Thankfully, the Nigerian Immigrations Service has made it super easy to get a new passport in just two weeks through the newly-launched special diaspora fast-track passport renewal programme. This ongoing programme will run from December 12, 2022, to January 31, 2023, spanning the entire period of stay during the yuletide season for Nigerians returning from abroad. What’s more? You get

By Adedapo Adesanya The Nigerian National Petroleum Corporation (NNPC) has signed a $1.5 billion prepayment deal led by Standard Chartered with oil traders Vitol Group and Matrix Energy. This will be the first of such deal since the coronavirus pandemic struck and it is expected to provide Nigeria with enough fund to help boosts its finances which were affected by the oil price crash in April as COVID-19 lockdowns erased nearly one-third of global oil demand. Known as Project Eagle, the financing package was also backed by both the African Export-Import Bank (Afreximbank) and United Bank for Africa (UBA). According

By Dipo Olowookere Tragedy was let loose in the early hours of Sunday, August 6, 2017, in Ozubulu community when some gunmen raided a church, killing some worshippers. Our correspondent gathered that the gunmen entered the St Philips Catholic Church in Ozubulu, Anambra State during the 6am Mass and started shoot sporadically at members of the church, killing at least 10 persons and injuring many others. Some of the victims were later taken to the Nnamdi Azikiwe University Teaching Hospital in Nnewi, for medical attention. According to the Anambra State Governor, Mr Willie Obiano, who visited scene of the incident

By Okechukwu Keshi Ukegbu No time should provoke communal spirit at its peak than when the world is faced with stringent emergencies. And no time provides the opportunity better than this time when the world is faced with great need- the world social and economic activities are currently grounded by the outbreak of the pandemic, Coronavirus. Unfortunately, the contrary is the case. People hoard goods and services to create artificial scarcity. The consequence of this is that the prices of these goods and services climb to the mountain top, thereby shooting it out of the reach of the common man.

By Modupe Gbadeyanka Few days ago, the United Nations’ Food and Agriculture Organisation (FAO) raised an alarm of food crisis in northeast Nigeria caused by activities of Boko Haram militants. It warned then that if nothing urgent was done, it could become worse. However, on Friday, the FAO further warned that the food security situation in Nigeria and the Lake Chad Basin is drastically deteriorating as conflict and instability continue. The agency has called for swift and decisive action from the international community to protect the livelihoods of millions of families dependent on farming, livestock and fishing for their food

By Dipo Olowookere From Tuesday, May 1, 2018, Africa’s pioneer composite e-commerce company, Yudala, will officially dissolve into Konga, which was recently acquired by Zinox, the parent company of Yudala. “Effective from May 1, Yudala will now operate under the name of Konga with dual CEOs in the persons of Nick Imudia, who will be in charge of online, among others; and Prince Nnamdi Ekeh, who will be responsible for offline. This merger will strengthen our position in the Nigerian retail market as we creatively position Konga as the first profitable e-commerce company in Africa,” Chairman of Konga, Mr Olusiji

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange returned to the bearish territory on Thursday, May 27 courtesy of a drop in the stock price of Niger Delta Exploration and Production (NDEP) Plc. The market went down by 0.2 per cent after the value of NDEP Plc depreciated by 3.2 per cent or N10 to close the session at N300 per unit as against N310 per unit of the preceding day. The depreciation in the oil and gas company’s stocks depleted the market capitalisation of the bourse by N1.07 billion to N545.63 billion from N546.70 billion it closed on