FG Unveils Accounting Software

By Adedapo Adesanya The duo of NASD Plc and Aradel Holdings Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.04 per cent on Thursday, September 21. The two price losers overpowered the sole price gainer, Central Securities Clearing Systems (CSCS) Plc, to drag down the NASD Unlisted Securities Index (NSI) by 0.34 points to 805.95 points from the 806.29 points it ended in the previous day, while the total value of the unlisted stock market was relatively flat at N1.139 trillion. At the trading day, NASD Plc shed N1.15 to end the session at N11.50 per unit versus the

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange improved by 0.12 per cent on Wednesday, September 20, with the unlisted securities index expanding by 1.00 points to end the day at 806.29 points as against the 805.29 points it recorded at the previous session. During the trading day, the market capitalisation of the alternative stock exchange increased by N1.42 billion to close at N1.139 trillion compared with Tuesday’s closing value of N1.138 trillion. It was observed that the bulls overcame the bears on Wednesday, with the bourse closing with three price gainers and two price losers. Aradel Holdings Plc

By Dipo Olowookere The regulator of the stock market in Nigeria, the Nigerian Exchange (NGX) Regulation Limited (RegCo), has announced its intention to change rules guiding free-float for companies listed on the NGX Limited. In a notice obtained by Business Post, the organisation further said it wants to amend the cross-border listing rules and develop guidelines for migrating listed securities from one board of the bourse to another. At the moment, the exchange does not have rules regulating the migration of listed securities from one board to another, prompting the regulator to “address this lacuna and to foster NGX’s commitment

By Investors Hub Asian stocks closed broadly lower on Wednesday and safe-haven assets such as gold and the Japanese yen climbed after U.S. President Donald Trump said he was “not really” pleased with the U.S.-China trade talks so far and that there was a “substantial chance” his planned summit with North Korean leader Kin Jong Un in June may not work out. Chinese markets fell the most in a month as coal mining stocks slumped after authorities intervened in the coal market to bring down prices. The benchmark Shanghai Composite Index tumbled 45.11 points or 1.4 percent to 3,169.24, while

By Modupe Gbadeyanka The Board of Directors of Sterling Bank Plc has approved the financial statements of the company for the year ended December 31, 2016, Business Post reports. The board held a meeting in Lagos on Tuesday, March 7, 2017, where the financial results were considered and subsequently approved. However, the board has sent the documents to the Central Bank of Nigeria (CBN) for approval. The bank, in a statement to the Nigerian Stock Exchange (NSE), explained that it would release the financial statements to it upon the CBN nod. “We are pleased to inform you that the Board

By Modupe Gbadeyanka A senior official of the Bank of Industry (BoI) has disclosed that about N36.82 billion has been disbursed as loans between January and September to business owners in the country under its Large Enterprise Directorate. Speaking at the Lagos International Trade Fair, BoI’s Head of SME Group, Mr Adetokunbo Akinsola, stated that this was done to grow businesses in the country. Mr Akinsola, represented by Mr Obaro Osa, said at the bank’s SME Forum that, “BoI is positioned to deepen finance to small and large enterprises for the expansion of productivity and job creation in the industrial

By Dipo Olowookere Stanbic IBTC Bank’s experience, competence and expertise in the provision of custody services in Nigeria has again been reaffirmed as the bank was named the “Best Sub-Custodian” in Nigeria for 2018 by Global Finance magazine. The London-based Global Finance magazine, organiser of the awards, announced winners for the 16th edition of the annual World’s Best Sub-custodian Banks following selection from across seven global regions and more than 80 countries. The latest win makes it the eighth time in a row that Stanbic IBTC Bank will be adjudged the best in the country, in recognition of its leadership

By Hyther Nizam Personalisation is becoming more critical for fulfilling customer expectations. But a changing consumer mindset about privacy makes the necessary data acquisition a difficult and expensive process. It has been proven that personalisation increases sales, customer loyalty, and client lifetime value. Amazon’s quarterly sales increased by 29% after implementing targeted recommendations, and 80% of customers are more inclined to make a purchase when provided with a personalised experience. But how can brands balance the benefits of personalisation with the privacy concerns of their customers? The most effective strategies employ zero-party data to drive marketing and sales, give customers

By Gaston Taratuta The world of work has always changed and evolved in line with technological advances and major consumer shifts. Did you know, for example, that in Victorian Britain, people were paid to wake factory workers up by tapping on their windows? Called knocker-uppers, they were a common sight until alarm clocks rendered them obsolete. In recent months you may have seen articles predicting that thanks to the rise of artificial intelligence (AI) tools such as ChatGPT, prompt engineering will become an important and necessary career skill in the near future. Some experts even suggest that the field, which

By Adedapo Adesanya The Ogun State House of Assembly has passed the state’s 2021 Appropriation Bill of N338.6 billion with slight adjustments in recurrent and capital expenditures. Mr Olakunle Sobukanla, the Chairman, House Committee on Finance and Appropriation, had during plenary in Abeokuta presented the report of his committee on the budget before the House According to the report, the total recurrent expenditure was increased by 3.4 per cent from N141.7 billion to N146.5 billion, while the capital expenditure was reduced by 2.7 per cent from N176.6 billion to N171.8 billion. Mr Sobukanla explained that there were adjustments in the

By Modupe Gbadeyanka For about six months, schools in Nigeria have remained closed because of the government’s efforts to control the spread of Coronavirus disease in the country. Since the education sector was shut down in March 2020, some private school teachers have not received salaries from their employers and this has made life very difficult for them. In an effort to cushion the effects of this, Heritage Bank Plc has partnered with a Lagos politician, Mrs Fatima Mohammed, through her Fatima Mohammed (FAMO) foundation, to empower over 300 private school teachers and small-medium enterprises (SMEs). The beneficiaries were picked