ComX to Educate Youth, Women on Alternative Investment Opportunities

By Adedapo Adesanya The Naira depreciated in the opening session of the week in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, November 27 against the Dollar by N19.71 or 2.5 per cent as the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, said the lender was committed to clearing a backlog of foreign exchange (forex). “We have initiated the payment of unsettled forward foreign exchange obligations, and these payments will continue until all obligations are cleared,” he told bankers last Friday during a dinner speech in Lagos. However, his assurance could not ease the pressure

By Adedapo Adesanya  Oil prices fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium and indicated that the Israel-Hamas tensions may not have much effect on the oil market. Brent crude futures depreciated by 84 cents or 1 per cent at $80.58 a barrel, while the US West Texas Intermediate (WTI) crude dropped $1.56 or 2 per cent to close at $75.54. There was no settlement for WTI on Thursday owing to the US Thanksgiving holiday. Prices notched their first week of gains in over a month ahead of next week’s meeting of

By Dipo Olowookere Shares of MeCure Industries appreciated by 60.73 per cent last week on the floor of the Nigerian Exchange (NGX) Limited as investors began to see value in the company. Business Post reports that in the week, the price of the stock closed at N9.21 per unit compared with the preceding week’s N5.73 per unit, leading the gainers’ chart of 59 members, higher than 54 of the preceding week. On its part, Multiverse rose by 60.06 per cent to N5.81, Unity Bank improved by 57.26 per cent to N1.84, Secure Electronic Technology jumped by 52.78 per cent to

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded yet another positive week-on-week performance after stretching its gains by 1.44 per cent in Week 47. This expanded the portfolios of NASD investors by N17 billion in the week to N1.162 trillion from the N1.145 trillion recorded in Week 46, as the NASD Unlisted Security Index (NSI) increased by 12.16 points to 857.29 points from 845.13 points in the previous week. The trading week was with three price gainers and three losers, with Aradel Holdings Plc on top of the advancers’ chart after it grew by 10 per cent to finish

By Dipo Olowookere Following the success of Merck Cancer Access Program to empower women in oncology field where they are underrepresented, comes another successful initiative for MERCK to empower African women in research to offer better health care to women. After receiving his ‘African Alliances HE for SHE’ award for women empowerment, Prof Frank Stangenberg-Haverkamp has successfully achieved another commitment to empower women in research in an effort to bridging the gap in gender inequality in STEM Africa. UNESCO and Merck celebrate outstanding African Women Researchers as a historical first. Kenya, Botswana, Burkina Faso, Gabon, Uganda, Ethiopia ranked in the

By Modupe Gbadeyanka Tier-one lender, Access Bank Plc, has said reports making the rounds that it has closed over 300 branches across the country as untrue. In a statement signed by the Company Secretary, Mr Sunday Ekwochi, the bank also said media reports that it was downsizing its workforce by 75 percent are totally false. The financial institution said the closure of a bank branch in the country requires the approval of the Central Bank of Nigeria (CBN), stressing that it has not approached the CBN for such. “The bank has not applied for nor obtained the approval of the

  In this post, we are going to consider the specs of the model that will make Infinix the most successful smartphone company at the Kenyan market! It’s Infinix Hot X507, the phone that comes with a 1.3 GHz quad-core processor and 16GB internal storage (expandable to 32GB). It packs much more advantages – so, let’s take a closer look at them now! Buy Infinix Hot x507 in Jiji.ng! With Jiji, you have a unique opportunity to find all the necessary goods in one place, save your time and money, find the goods with the help of advanced search system

By Modupe Gbadeyanka Africa’s leading e-commerce platform, Jumia Nigeria, in the early hours of Thursday, October 22, 2020, shut down its website to customers and sellers to mourn victims of protests against police brutality in Nigeria. In a statement displayed on the online platform after the shutdown, the company appealed to its stakeholders to join in the show of solidarity to mourn the victims. The company also wish that Nigeria emerges from this as a stronger nation bound in peace and unity. For more than 10 days, youths in Nigeria stormed the streets to kick against police brutality and on

By Adedapo Adesanya The federal government has lamented the debt of $4 billion owed to the Niger Delta Development Commission (NDDC) by international oil companies (IOCs). This was made known by the Minister of Niger Delta Affairs, Mr Godswill Akpabio, on Thursday at the weekly ministerial press briefing organised by the Presidential Communications Team at the State House, Abuja. He explained that statutorily, the IOCs were required to provide 3 per cent of their annual budgets to the commission as their contribution to its funding, but none of the IOCs had paid so far. He said, “All the international oil

By Ahmed Rahma The red chamber of the National Assembly has disclosed that the N38 billion proposed by the Federal Roads Maintenance Agency (FERMA) for the maintenance of federal roads in the country next year would not be enough. Chairman of the Senate Committee on FERMA, Mr Gersome Bassey, while speaking during the budget defence, stated that about N400 billion would be needed annually to put the 35,000 kilometres roads belonging to the federal government in good shape and not the meagre N38 billion in the 2021 budget estimates. According to him, nothing meaningful can be achieved with the amount

By Dipo Olowookere Last week, on the floor of the Nigerian Stock Exchange (NSE), a total turnover of 1.493 billion shares worth N15.107 billion in 14,549 deals were traded by investors in contrast to a total of 1.326 billion shares valued at N14.086 billion that exchanged hands last week in 14,703 deals. The market only opened for four days due to the public holiday declared by the Federal Government on Monday, October 2, 2017 in commemoration of the 57th Independence Day of the country. During the week, the Financial Services Industry (measured by volume) led the activity chart with 1.288

By Adedapo Adesanya Governors of the 36 states of the federation have invited the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to a virtual meeting on Thursday, January 19, over issues related to the new naira notes introduced by the apex bank. The Head of Media and Public Affairs, Nigeria Governors’ Forum (NFG) Secretariat, Mr Abdulrazaque Bello-Barkindo, said that the meeting, according to the invitation issued to Mr Emiefele by the Chairman of NGF, Governor Aminu Tambuwal of Sokoto State, would commence at 9 pm prompt. “Issuing the invitation, the Nigeria Governors Forum Director General, Mr