Economy
CEIBS Chief Recommends Chinese Model for Economic Growth
Vice President and Dean of China Europe International Business School (CEIBS), Professor Ding Yuan, has urged entrepreneurs in Nigeria to adopt the Chinese economic model for business advancement in existing and new opportunities as well as improvement in the standard of living.
He affirmed that if the concept is adapted to Africa, it would help tremendously in shaping the development of the African continent.
This was made known at the annual One Plus One lecture by CEIBS alumni with the theme ‘China’s New Economic Model: Opportunities for Africa’held at Radisson Blu Hotel, Victoria Island, Lagos, which was well attended by members of the business school in the country and their guests.
Prof Yuan explained that researchers in China have found very important factors behind the economic model which include to education and the Chinese savings system. The Chinese system supports high quality education which is directly related to its economic development. In addition, savings which is part of the Chinese culture, boosts the potentials of their future economic development relative to their growth in the last 40 years.
He noted that this economic model can be fostered through the qualitative business education which CEIBS offers. This is in relation to the advanced lectures where Chinese cases are brought forward to suit the Nigerian environment and also through dialogue from their peers in China and other parts of the world.
The don added that CEIBS also offer opportunities for the Nigerian business community to network with their counterparts in China on investments and opportunities as well as how to tap into various areas of interest.
According to him, the combination of Chinese and European style of education would be advantageous to the country and the African continent, since China is one of the largest economies in the world.
The professor cited some challenges to this relationship between Chinese and Nigerian businesses which he attributed to distance and communication gap. However, CEIBS has surmounted these challenges through lectures and dialogues from Chinese Chief Executives through annual visits to the country. “Every year, we try to bring more exchanges between the two countries, especially in the area of economic advancement through qualitative business education and opportunities that can be harnessed,” Yuan stated.
On the distinctiveness of CEIBS, he explained that it has been considered by others as one of the leading business school in the world as well as the best China export as it brings Chinese style of quality education to Nigeria. “For Africans who like to connect to China, we have the best reach,” the Dean enthused.
Speaking at the event, Mr Sunday Agboola, President CEIBS Alumni Association, Nigeria Chapter, said the session was aimed at enhancing the knowledge attained by the alumni of the school on how entrepreneurs can take advantage of the Chinese economic model to build on innovative business trends in the country.
He said the One Plus One lecture means that an alumnus has the opportunity to introduce another partner to enhance his perception on business prospects that are opened to Nigerians in other parts of the world, with special reference to China.
Economy
46 Stocks Gain Weight, 53 Equities Lose on NGX in One Week
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited was bullish last week despite investors’ mood swing, triggered by happenings in the country and across the globe, especially the Middle East crisis.
The All-Share Index (ASI) and the market capitalisation appreciated week-on-week by 3.94 per cent to 225,722.49 points and N145.335 trillion, respectively.
Similarly, all other indices finished higher with the exception of the growth and commodity indices, which depreciated by 0.02 per cent and 0.41 per cent, respectively, while the sovereign bond index closed flat.
A look at the price changes of shares in the five-day trading week showed that
46 stocks gained weight versus 61 stocks of the previous week, 53 equities shed weight compared with 36 equities a week earlier, and 47 shares closed flat, in contrast to 49 shares of the preceding week.
UAC Nigeria led the gainers’ chart after it chalked up 42.00 per cent to trade at N142.00, Union Dicon appreciated by 32.73 per cent to N21.90, NASCON expanded by 32.63 per cent to N206.90, Trans-Nationwide Express rose by 30.58 per cent to N7.90, and Zichis improved by 25.71 per cent to N15.60.
On the flip side, Infinity Trust Mortgage Bank led the losers’ group after it gave up 50.79 per cent to close at N9.35, Abbey Mortgage Bank declined by 33.33 per cent to N5.40, Guinea Insurance slipped by 15.20 per cent to N1.06, Stanbic IBTC lost 13.82 per cent to settle at N162.50, and Living Trust Mortgage Bank slumped by 10.98 per cent to N3.65.
As for the activity log, Customs Street recorded a turnover of 3.805 billion shares worth N213.955 billion in 297,202 deals in the week compared with 3.588 billion shares valued at N195.313 billion transacted in 254,553 deals in the previous week.
Financial stocks led the activity chart with 2.739 billion units sold for N106.269 billion in 135,101 deals, contributing 71.99 per cent and 49.67 per cent to the total trading volume and value, respectively.
Services equities traded 212.324 million units worth N4.024 billion in 17,042 deals, and consumer goods shares exchanged 180.076 million units valued at N13.269 billion in 32,457 deals.
Access Holdings, UBA, and First Holdco were the busiest with 814.060 million units traded for N39.032 billion in 37,195 deals, contributing 21.40 per cent and 18.24 per cent to the total equity turnover volume and value, respectively.
Economy
NGX Group’s 65th Annual General Meeting Holds April 29
By Aduragbemi Omiyale
The 65th Annual General Meeting (AGM) of the Nigerian Exchange (NGX) Group Plc has been fixed for Wednesday, April 29, 2026, at 11:00 am at its corporate head office on 2–4 Customs Street, Lagos.
Business Post gathered that the meeting would be streamed live on the company’s website and social media platforms to enable broader participation by shareholders and stakeholders unable to attend physically.
As part of a special business, shareholders will consider a proposed bonus issue of one new ordinary share for every three existing shares held as at the close of business on April 10, 2026, subject to regulatory approvals.
The proposal also includes an increase in the organisation’s share capital from N1,102,309,954 to N1,469,746,605, to accommodate the bonus shares and amendments to the Memorandum of Association to reflect the new capital structure.
Also at the gathering, shareholders will consider and, if deemed fit, approve the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, auditors, board evaluation consultants, and audit committee.
The meeting will also deliberate on the declaration of a final dividend and the re-election of three non-executive directors retiring by rotation, who are Mr Umaru Kwairanga, Mrs Ojinika Olaghere, and Dr Okechukwu Itanyi.
Other ordinary business items on the agenda include authorising the board to fix the remuneration of the external auditors, determining the remuneration of managers, and electing members of the statutory audit committee.
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