Entries Open for Tony Elumelu Foundation $100m Entrepreneurship Scheme

By Adedapo Adesanya Crude oil prices went in different directions on Friday amid profit-taking as markets weighed supply concerns from Russia’s fuel export ban against demand woes from future rate hikes. While the Brent futures lost 3 cents to close at $93.27 a barrel, the US West Texas Intermediate crude (WTI) futures rose by 40 cents to sell for $90.03 a barrel. However, both benchmarks closed downwards on a week-on-week basis, with Brent shedding 0.3 per cent, breaking a three-week streak of gains, and WTI sliding by 0.03 per cent for the week, the first decline in four weeks. Russia

Forex trading in Malaysia has been legal and regulated by the central bank, Bank Negara Malaysia (BNM), since 2012. While Malaysia’s growing economy attracts financial companies, traders need to beware of scammers who target beginners seeking quick profits. Traders Union (TU) experts provide a Forex scammer list for Malaysia and discuss types of Forex scams. Blacklist of Forex scam brokers in Malaysia BNM, the country’s financial regulator, maintains a list of nearly 400 companies involved in Forex trading scams in Malaysia. These companies are regularly updated as they engage in fraudulent activities, such as using manipulated software, blocking withdrawals, and

By Adedapo Adesanya  The Central Bank of Nigeria (CBN) has confirmed the resignation of Mr Godwin Emefiele as its governor and the resumption of Mr Olayemi Cardoso as the next head of the apex bank, albeit in an acting capacity. The apex bank’s Director of Corporate Communications, Mr Isa AbdulMumin, said Mr Cardoso will act as governor pending his confirmation by the Nigerian Senate, which is away on recess until Tuesday, September 26. This also confirms the exit of Mr Folashodun Shonubi, who was acting in that position following the ousting of Mr Emefile three months ago. “Dr Olayemi Michael

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 Modupe Gbadeyanka Popular American author and businessman, Mr Stephen Richards Covey, once said, “Always treat your employees exactly as you want them to treat your best customers.” Also, the late American businessman and entrepreneur best known for founding the retailers, Walmart and Sam’s Club, Mr Samuel Moore Walton, once said, “Appreciate everything your associates do for the business. Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They’re absolutely free and worth a fortune.” With these key words in mind, Chain Reactions Nigeria, one of Nigeria’s leading Public Relations/Reputation Management and Integrated Communications Consulting

By Modupe Gbadeyanka The South African government will on Thursday, June 29, 2017 address members of the media on the latest outbreak of Avian Influenza in the country. The media briefing is expected take place at the Tshedimosetso House, 1035 Francis Baard, Hatfield, Pretoria. A statement on Wednesday from the South African Department of Government Communication and Information said the event will hold by 9am. During the briefing, Minister of Agriculture, Forestry & Fisheries, Mr Senzeni Zokwana, will address the media on the current outbreak of the Avian Influenza in the country. He will also “explain government’s plan to deal

By Modupe Gbadeyanka Taking a new step in its response to the current Ebola outbreak in North Kivu, Democratic Republic of Congo, Médecins Sans Frontières (MSF) opened a treatment centre on Tuesday, August 14, 2018, in Mangina, a small town considered to be the epicentre of the outbreak. All patients from the isolation unit where MSF was working to improve biosafety have been transferred to the twelve tents of the new Ebola treatment centre. A total of 37 patients are currently hospitalised – 31 of them have been confirmed to be infected by the virus by laboratory tests, while the

By Dipo Olowookere Not less than 128 indigenous and international oil and gas companies have indicated interest to participate in the Nigerian National Petroleum Corporation’s (NNPC) Direct Sale of Crude Oil and Direct Purchase of Products (DSDP) programme. The DSDP arrangement is a model introduced last year and is carried out through direct sales of crude oil to refiners or consultants, who in turn supply NNPC with equivalent worth of products. The batch over which the bids were opened is scheduled to last for the next one year, starting from April 1, 2017. Addressing the interested bidders and other stakeholders

By Dipo Olowookere Traders at Customs Street had a reason to smile on Friday after the stock market rebounded by 0.24 per cent on the back of the gross domestic growth figures released by the National Bureau of Statistics (NBS). On the previous day, the agency released the unemployment numbers and stirred controversies after it said the unemployment rate in Nigeria dropped to 4.1 per cent in the first quarter of 2023, a sharp contrast to the 33.3 per cent in the fourth quarter of 2020, the last time the numbers were made public. While stock investors and others were

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange maintained its position in the flat territory on Wednesday, October 7, as all 41 admitted securities at the market remained at their previous values. At the midweek session, the NASD Unlisted Security Index (NSI) remained static at 726.93 points while the market capitalisation remained fixed at N533.98 billion. Though the key market performance indicators recorded no movement, the activity chart had a mixed movement during the trading session. The volume of stocks transacted by investors moved north by 1,293.6 per cent as a total of 732,388 shares exchanged hands during the

By Adedapo Adesanya The International Monetary Fund (IMF) has stuck to its forecast that Nigeria’s economy will grow by 2.7 per cent this year, just as it raised its forecast for 2023 to 2.7 per cent from the 2.6 per cent it projected last year. The new GDP growth forecast for Nigeria was contained in the IMF’s January World Economic Outlook (WEO) report released on Tuesday. This is as the Bretton Wood institution lowered its global economic growth forecast for this year, as the Omicron variant continues to spread unabated and supply chain disruptions stoke inflation amid higher energy prices.

By Adedapo Adesanya   The National Drug Law Enforcement Agency (NDLEA) arrested four members of a drug syndicate, including two church officials, a female staff of a courier company and another lady involved in trafficking the lethal opioid, fentanyl, in Delta state. Fentanyl is 100 times more potent than heroin and currently responsible for over 70 per cent of overdose deaths as well as a major contributor to fatal and nonfatal overdoses in the United States. The bust of the fentanyl cartel operating from Warri, Delta state, is coming barely a month after two members of another syndicate: Mr Odoh