Experts Give Early Retirement Planning, Investment Strategies

By Adedapo Adesanya Ahead of next week’s Monetary Policy Committee (MPC) meeting scheduled for Monday, September 25 and Tuesday, September 26, the Lagos Chamber of Commerce and Industry (LCCI) has called on the Central Bank of Nigeria (CBN) to pause its interest rate hike. In a statement signed by the Director-General, Mrs Chinyere Almona, the group said this was necessary to relieve Nigerians of the pressure on the supply side following a further surge in the inflation rate. The National Bureau of Statistics (NBS) revealed last Friday that the average cost of goods and services rose by 25.80 per cent

A recent report from TU experts offers deep insights into Nigeria’s Forex trading scene, with a special focus on the importance of the New York session Forex time. In the first quarter of 2023, the US Forex Market witnessed a surge in daily volume, reaching $966.7 billion. The growth is an impressive 27% jump from past years, further solidifying the global Forex market’s role as a bustling currency trading center. With the FX market in operation 24 hours a day, transactions worth billions of dollars are made. Building on this global trend, Nigeria, with its robust economy boasting an annual

Introduction In the fast-paced world of forex trading, finding a reliable broker can be a daunting task. With the ever-evolving landscape of financial markets, traders need a partner they can trust, one that understands their needs and challenges. Enter FBS, a brokerage firm that stands tall despite the challenges that have beset the industry. In this review, we delve into the unique strengths of FBS broker and how it has managed to overcome the odds to offer a top-notch trading experience. Turning Challenges into Opportunities FBS broker has not been immune to the challenges that have affected the forex trading

By Dipo Olowookere On Thursday, January 14, 2021, one of the major players in the nation’s capital market, Meristem Securities Limited, will hold a webinar to discuss the outlook for the economy and the market this year. The event, to be held virtually via Zoom, a popular video conferencing platform, which gained a huge prominence last year as a result of the lockdown imposed by most countries to curb the spread of COVID-19, will kick-off by 10am. Business Post gathered that the 2021 Economic and Market Outlook is tagged Bracing for a Different Future and will feature some experts on

By Adedapo Adesanya The African Development Bank (AfDB) Group has approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year period. Inspired Evolution Investment Management is a well-established fund manager with more than 15 years of experience and a track record of deploying more than $310 million in renewable energy projects in African counties. The fund manager, through its predecessor funds, has delivered 21 renewable energy projects with a total generation capacity

By Investors Hub Asian stocks ended mixed on Friday, as caution prevailed amid renewed trade worries and ahead of the release of the U.S. jobs data for July later in the day. China?s Shanghai Composite Index dropped 27.58 points or 1 percent to 2,740.44 after a survey from Caixin showed China?s services sector continued to expand in July, albeit at a slower pace. Hong Kong?s Hang Seng Index edged down 38.24 points or 0.1 percent to 27,676.32. The service sector PMI stood at 52.8, down from 53.9 in the previous month as new orders expanded at their weakest rate in

By Lukman Otunuga While central banks across the globe are tightening monetary policy in the face of rising inflation, the Central Bank of Nigeria (CBN) is likely to keep interest rates unchanged following the latest CPI report. Consumer prices rose 15.7% in February, compared to the 15.6% in the previous month. Although this headline number remains well above the central bank’s 6% to 9% target, it is quite refreshing and points to stabilizing prices in the short term. In a perfect world, signs of moderating inflation would have boosted sentiment towards Africa’s largest economy and reduced pressure on the CBN

By Adedapo Adesanya Oil prices recorded a further round of depreciation on Friday as the tension between the United States and Middle East rival, Iran, that saw futures hit their highest since September, led the market to record its largest drop for the week since May. Following the assassination of top Iranian general, Qassem Soleimani on January 3 by the United States Military Brent crude, the international benchmark rose to over $70 per barrel but after consecutive losses, it ended Friday dropping close to $5 to trade at $65.27 per barrel. The US West Texas Intermediate (WTI) crude, following the

By Adedapo Adesanya Ant Group owned by a Chinese billionaire, Mr Jack Ma, is set to raise about $34.5 billion through initial public offerings (IPO) in Shanghai and Hong Kong, a deal which will make it the biggest IPO ever. The IPO will also make it one of the most valuable finance firms on the planet, and it will surpass Saudi Aramco’s $29 billion sale last year. The fintech giant will have $315 billion in market value, the same valuation as JPMorgan Chase & Co. and four times larger than Goldman Sachs Group Inc. According to reports, the IPO is

By Adeniyi Ogunfowoke Your spouse being your business partner is not something some entrepreneurs look forward to. This is because managing a business is very demanding and requires sacrifice and compromise. But what happens if either spouse doesn’t budge? You have to fold up the business? No. You can still work with your spouse to run your business without it affecting your marriage or individual lives. Jumia Travel shares 6 ways to pull this off. Know that both of you are business partners In a country like Nigeria where the man is largely in control of the family, there is

By Modupe Gbadeyanka Investors in local equities lost the sum of N97 billion last Friday as they maintained selloffs at the Nigerian Stock Exchange (NSE). This left the bourse down by 0.65 percent and reduced the year-to-date (YtD) gain to 7.46 percent. Also, the market capitalisation went down by N97 billion to close at N14.857 trillion. In the same vein, the All-Share Index (ASI) reduced by 187.40 points to 28,843.53 points from 29,030.93 points. The lukewarm performance of the market was caused by the sustained profit taking in most especially banking stocks, which led to the price depreciation of 24