European Stocks Recoup Early Losses to Trade Mixed

By Adedapo Adesanya  Angola, one of Africa’s top crude oil producers and a key member of the Organisation of the Petroleum Exporting Countries (OPEC), has officially rejected the proposed production quota for the year 2024 and may even exit the group. This was signalled by Mr Diamantino Pedro Azevedo, Angola’s Minister of Energy and Mineral Resources, confirming the nation’s decision and indicating a divergence from OPEC’s suggested allocations for both member and non-member countries. The announcement was made during the 26th OPEC+ Meeting on Thursday, where the organisation proposed 1.11 million barrels of crude oil per day production quota for

By Dipo Olowookere In one week, investors bought and sold 2.543 billion shares worth N38.644 billion in 36,138 deals on the floor of the Nigerian Exchange (NGX) Limited. In the preceding trading week, a total of 2.425 billion shares valued at N22.665 billion were transacted by investors in 33,230 deals. It was observed that financial stocks led the activity chart as usual with 1.721 billion units worth N18.281 billion in 17,151 deals, contributing 67.68 per cent and 47.30 per cent to the total trading volume and value, respectively. Conglomerates equities trailed with 200.584 million units valued at N1.546 billion in

By Adedapo Adesanya The Naira started the first trading session in the last month of 2023 on a negative note after it depreciated against the Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM), which is the official FX window, by 11.4 per cent or N94.87 on Friday, December 1, closing at N927.19/$1, in contrast to Thursday’s exchange rate of N832.32/$1. The December rush for forex contributed to the weakening of the domestic currency in the spot market yesterday, as the supply of foreign currency could not meet what customers needed. Data showed that the value of FX transactions recorded

By Dipo Olowookere The Nigerian Exchange (NGX) Limited commenced the first trading session in December 2023 on a bullish note, with a marginal growth of 0.08 per cent. Sustained buying pressure kept Nigerian stocks in the positive territory, extending the dominance of the bulls on Customs Street, though the turnover waned. Business Post observed that investors cherry-picked equities in the banking and the energy sectors during the session, leaving them rising by 1.14 per cent and 0.05 per cent, respectively. However, the insurance counter lost 1.10 per cent, the consumer goods index depreciated by 0.08 per cent, and the industrial

By Investors Hub European stocks are mostly lower on Friday as investors digest a slew of regional data and trade worries persist ahead of a pending decision on U.S. tariffs on $200 billion worth of Chinese goods. While the U.K.?s FTSE 100 Index has slumped by 1 percent, the German DAX Index and the French CAC 40 Index are down by 0.2 percent and 0.1 percent, respectively. International Airlines Group has tumbled in London after its subsidiary British Airways suffered a data breach. On the other hand, Ashmore Group has climbed as it reported a 26 percent increase in assets

By Adedapo Adesanya The Naira recorded no movement against the American Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (FX) market on Tuesday, remaining at N461.50/$1. This came as the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, bowed to pressure from the House of Representatives to waive the deadline for the return of old currency notes to banks for the new ones. The apex bank had said old N200, N500, and N1,000 currency notes not returned to the bank on or before February 10, 2023, would lose their values, but the lawmakers

By Adedapo Adesanya For the sixth straight month, Nigeria’s inflation slowed in September 2021 to 16.63 per cent (year-on-year), according to data released by the National Bureau of Statistics (NBS) on Friday. In its latest Consumer Price Index (CPI) report for the ninth month of the year, the stats office said the prices of goods and services increased by 16.63 per cent, 0.38 per cent lower than the 17.01 per cent recorded in August 2021. The NBS also said the Composite Food Index rose by 19.57 per cent in September 2021 compared to 20.30 per cent in August 2021. This

By Benita Ayo The complexity of day-to-day business transactions has made the requirement of having a contract drafted a necessity and not merely a need. More often than not, disputes as to the exact terms of a business relationship which is contractual in nature may arise, and it is the terms so stated in the contract document that a Court of Law will always look at in settling the dispute. When the need for a Contract arises The need for a contract arises where two or more persons agree to transact any form of business together. It caters for situations

By Ashemiriogwa Emmnauel Nigerians, who consume non-iodised salt risk health complications, the National Agency for Food and Drug Administration and Control (NAFDAC) has warned. According to the federal agency, the habitual consumption of excess salt may not appear dangerous but is linked to many non-communicable diseases prevalent in Nigeria. The Director-General of NAFDAC, Mrs Christianah Adeyeye, gave the caution at the University of Abuja, during a stakeholder meeting on Evaluation Implementation and Scale-up of Nigeria’s National Sodium Reduction Activities on Thursday She noted that the meeting was organised to announce the preliminary findings of the project’s first phase, which involves

While we may not like to admit it, we’re all susceptible to the marketing and advertising efforts of companies. If we weren’t, we wouldn’t own many of the products we do today.    Advertising and marketing executives work hard to create campaigns that are emotive, humorous and memorable, in the hopes that it will encourage us to spend money on their product or service.    These campaigns pay for many of the things we take for granted. TV shows are paid for by the advertisements that run during commercial breaks, public transport is subsidised by the ads on the sides

Introduction Cybersecurity projects are a great way to learn more about the field and build your portfolio. They can also be fun, challenging, and rewarding—especially when you get to see what you made in action! In this article, we’ll go over some of our favorite cybersecurity projects that will help you start your journey into the industry. The ethical hacker course from Knowledgehut will help you learn about the latest commercial-grade hacking tools, techniques, and methodologies. Pursue the course to develop cutting-edge skills and explore proven techniques and best practices to begin your career in ethical hacking. Important Cybersecurity Projects

By Adedapo Adesanya Wealth management startup, Cowrywise Financial Technology Limited, has secured an asset management licence from the Securities and Exchange Commission (SEC). The licence, dubbed the Fund/Portfolio Management Licence, gives the company the right to manage funds and investment portfolios on behalf of retail investors. This means that only companies with such licence can develop and operate any product that pools investor funds. Prior to this status, Cowrywise struck a partnership with a SEC-regulated entity, Meristem Trustees Limited, since it was not a fund manager, but the apex capital market regulator was not happy with this development. Speaking on