CCNN Allots Shares to Kalambaina Cement Shareholders After Merger

By Aduragbemi Omiyale The online stock trading platform of one of the leading brokerage firms in Nigeria, Morgan Capital Securities Limited, i-Trade, has experienced a technical glitch. This technical issue has made it difficult for its clients to carry out transactions on the popular platform. Morgan Capital’s i-Trade platform is popular among retail investors in the Nigerian capital market, especially those trading equities on the floor of the Nigerian Exchange (NGX) Limited, because of its lower fees. The company has already assured its customers that it was working to restore services, providing an alternative to them. “This is to inform

By Modupe Gbadeyanka Business owners in Lagos have been assured of more incentives by the state governor, Mr Babajide Sanwo-Olu, who added that this is part of his administration’s commitment to reforms aimed at improving the ease of doing business and enhancing investment opportunities. Speaking at the commissioning of the newly-built wet hair production factory of Godrej Nigeria Limited, the Governor said his government would continue to pursue actions that would eliminate red tapes and regulatory impediments hindering the growth of businesses in the state, thereby demonstrating his willingness for continued collaboration with the private sector to improve the livelihood

By Bliss Okperan Nigeria recorded an improvement in its trade surplus in the third quarter of 2023, according to data released by the National Bureau of Statistics (NBS), which was analysed by Business Post. The agency disclosed that in the period under review, the total value of exports stood at N10.347 trillion, while imports stood at N8.458 trillion, leaving the total value of trades at N18.802 trillion, 60.78 per cent higher than the N6.435 trillion achieved in the second quarter of 2023. Analysis showed that between July and September 2023, the country, which prides itself as the biggest economy in

By Adedapo Adesanya The Nigerian Shippers’ Council (NSC) has expressed its readiness to partner with the Lekki Deep Seaport by promoting the seamless movement of cargo and the efficiency of the nation’s ports. The NSC Executive Secretary, Mr Pius Akutah, gave the assurance when the Managing Director, Lekki Port LFTZ Enterprise Limited (LPLEL) – promoters of Lekki Deep Seaport, Mr Du Ruogang, led the port’s management on a courtesy visit to the NSC in Lagos. Mr Akutah, who commended the Lekki Deep Seaport management for the visit, said the council would partner with the port in areas that would boost

By Investors Hub European stocks have moved mostly lower on Wednesday as a further drop in bond yields pulled down banking stocks and technology stocks followed their U.S. and Asian peers lower on privacy concerns and on worries about tighter industry regulations. The French CAC 40 Index and the German DAX Index are down by 0.5 percent and 0.4 percent, respectively, although the U.K.?s FTSE 100 Index is bucking the downtrend and inching up by 0.1 percent. French aircraft manufacturer Dassault Aviation has moved to the downside as the exercise of the option for the purchase of 12 additional Rafale

Many will agree that the stock of digital businesses has risen tremendously in the wake of COVID-19 pandemic. The crucial role played by technology and e-commerce during the lockdown has further opened up the space for more possibilities. For many small and medium scale businesses that managed to survive economic hiccups in the heat of the pandemic, digital presence and relevance are prescribed as the ways for sustainability in the emerging new normal. For customers alike, many of whom have been affected by job losses and reduced income, cost-effectiveness is key on every expense. E-commerce is a bundle of effectiveness,

By Dipo Olowookere At the weekend, Fidson Healthcare Plc released its financial statements for the year ended December 31, 2018. The company, in the results, recorded a revenue of N16.2 billion compared with the N14.1 billion generated in 2017. However, its operating profit dropped to N2.1 billion from N2.6 billion, while its gross profit went down to N6.3 billion from N7.2 billion. This was as the administrative expenses during the year increased to N2.6 billion from N2.4 billion, while the selling and distribution expenses dropped to N1.9 billion from N2.4 billion. In the analysis of the results, the finance costs

Foremost philanthropist and richest man in Africa, Mr Aliko Dangote, has been rated 11th of the 50 World’s Greatest leaders for 2019. The rating carried out by the Fortune Magazine, an American multinational business magazine headquartered in New York City, United States, was released recently and focused mainly on the businesses run by the men and how they have used it to impact their society positively. The time-tested magazine, which first edition was published in February 1930, said the world’s greatest leaders both men and women are transforming the world and inspiring others to do so in business, government, philanthropy

By Dipo Olowookere Andersen Global continues its expansion in Africa through a Collaboration Agreement with Oliveira & Associados, a law firm based in Angola, founded by Formosa Oliveira in 2016. Andersen Global Chairman and Andersen Tax LLC CEO, Mark Vorsatz, commented, “The economy in Angola is one of the fastest growing in the world, and we are excited about adding this practice in a market that has a strong connection to Portugal and is strategic to our business in Portugal. Oliveira & Associados is an energetic and talented group, and with the addition of Isalcio Mahanjane e Associados in Mozambique

By Dipo Olowookere The Samsung Smart School Project for teachers and students has moved to Calabar, the capital of Cross River State. The initiative, a brain child of Samsung Electronics West Africa, is an integral part of Samsung’s ‘Smart School Rollout’ scheme, which is aimed at digitising classrooms on the platform of mobile learning across unity schools in Nigeria. Launched across the country in partnership with the various state governments, the Samsung Smart School Project will ensure that secondary schools benefit from the Digital Classroom, which is equipped with mobile devices, electronic boards, thin client monitors, learning contents all from

By Dipo Olowookere It has been revealed that board members of Nigeria’s Sovereign Wealth Authority (SWA) are paid N250,000 per sitting. More interestingly, the board members sit four times in some days, totalling N1m sitting allowance per member. The multiple entries of four sittings in just one day were discovered during an investigative hearing by the lawmakers, while vetting the accounts of the authority. According to Vanguard, responding to the query, the Managing Director of SWA, Mr Uche Ubosi, said “It is the standard practice of sovereign wealth authorities worldwide to pay sitting allowances to board members.” This however angered

Exploring art opens the door to endless creativity and self-expression. Through a brushstroke, painting lets people express their feelings, stories, and visions beyond language. From beginners learning about color to seasoned painters exploring new mediums, paint choice impacts the story of an artist’s work. Ready-mix paint combines accessibility with artistic possibilities. Ready-mix paint, a water-soluble, pre-mixed wonder, gives artists instant access to a rainbow of colors. Liquid composition makes it easy to apply for artists of all levels. The colors offered are as varied as the imaginations that use them, allowing a vast pallet for artistic expression. Ready-mix paint turns