FMDQ Launches Investor Protection Fund, Appoints Lawani as Chair

By Adedapo Adesanya  President Bola Tinubu has written to the House of Representatives seeking the approval for an $8.6 billion and €100 million external borrowing plan for critical infrastructure in areas such as power, roads, water, railway, and health. The President also forwarded the Federal Capital Territory (FCT) Supplementary Budget to the lower chamber for consideration. Meanwhile, the President will present the 2024 budget to the National Assembly on Wednesday. This was after the Federal Executive Council (FEC) approved a 2024 budget of N27.5 trillion. The approval followed the review of the Medium-Term Expenditure Framework (MTEF) earlier passed by the

By Adedapo Adesanya The federal government has set plans in motion to raise $200 million from philanthropic individuals and organisations as part of efforts to create jobs and support Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. Nigeria is home to over 36.9 million MSMEs, comprising 96.7 per cent of all businesses in Nigeria. According to data, 67 per cent of these businesses are youth-owned. MSMEs contribute over 45 per cent to the country’s gross domestic product (GDP), with 98.8 per cent of them in the micro cadre. They account for nearly 90 per cent of the jobs in the

By Adedapo Adesanya The prices of oil benchmarks jumped by 2 per cent on Tuesday on the fresh possibility that the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) will extend or deepen supply cuts. Data showed that Brent crude futures gained $1.70 or 2.1 per cent to close at $81.68 a barrel and the US West Texas Intermediate (WTI) crude increased by $1.55 or 2.1 per cent to $76.41 per barrel after a drop in Kazakh oil output and a weaker US Dollar. OPEC+ is due to hold an online ministerial meeting on Thursday to discuss 2024

Plans are already in top gear as students of the Department of Statistics, University of Ibadan, are set to mark the first homecoming/reunion event of past graduates of the department between Friday, June 7 and Saturday, June 8, 2019. The two-day program which will audaciously take place at the department complex on the campus is themed, “Homecoming event for Nation Builders and Celebration of Achievement.” The Head of Department, Dr Angela Chukwu, said the event is aimed at bringing together all alumni of the department, basically to reunite and hopefully work together with the department in supporting research, creativity and

By Adedapo Adesanya For the seventh consecutive day, the NASD Over-the-Counter (OTC) Securities Exchange maintained its flattish position on Monday, January 6, 2020, with the major gauges closing at their previous levels. At the close of transactions yesterday, the NASD Unlisted Security Index (NSI) remained at 697.54 points, while the market capitalisation stayed at N501.14 billion. However, the activity level boomed during the session with the volume of shares transacted increasing by 163,900 percent to 1,640 units, while the value of the trades grew by 19,004,900 percent to N190,050 million. Also, the number of deals executed by investors appreciated by 400

**Pumps N2.2tr into 10 Banks By Dipo Olowookere Over 12,000 Non-Performing Loans (NPLs) from 22 banks worth N3.7 trillion have been acquired so far by the Asset Management Corporation of Nigeria (AMCON), Business Journal is reporting. AMCON was created by Federal Government to be a key stabilizing and re-vitalizing tool aimed at resolving the non-performing loan assets. According to the report, the sum of N2.2 trillion has been injected as financial accommodation to 10 commercial banks in order to prevent systemic failure in the banking sector. This has contributed in stabilising the financial system in Nigeria. Records from AMCON also

By Dipo Olowookere The curfew earlier imposed on Odo Owa and Iloffa Communities in Oke Ero local government area of Kwara State has been relaxed. This information was made known in a statement issued by Secretary to the State Government (SSG), Mr Isiaka Sola Gold. The curfew was initially imposed on the towns following a violent conflict between both communities. Mr Gold, in the statement, said the curfew will now operate between 10pm and 6am daily with effect from Thursday, September 7, 2017 till further notice. He appealed to residents of Odo Owa and Iloffa to continue to maintain the

By Esther Adeniji One aspect of branding that many SMEs in Nigeria often overlook is the internal appearance of their office. Your business needs to be conducted in a conducive environment. A conducive office environment has the necessary equipment put in place for the day to day business operations. There is essential office equipment in your office as a Nigerian business owner. If you plan on opening a new office for your startup in Nigeria, you can check out these 10 essential office equipment. 10 essential office equipment you should have in your office Photocopiers When it comes to keeping

By Adedapo Adesanya The revenue from the sale of white products – petrol, kerosene, diesel, cooking gas – rose by 24.7 per cent to N234.6 billion in the month of March from N188.2 billion sales recorded in February 2021. This was disclosed by the Nigerian National Petroleum Corporation (NNPC) downstream subsidiary, the Petroleum Products Marketing Company (PPMC), in the March 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR). According to a statement by the Group General Manager, Group Public Affairs Division of the corporation, Mr Kennie Obateru, the report indicated that total revenues generated from the sales

By Dipo Olowookere In recent years, growth has been observed in the native advertising market which is emerging quickly and still a new concept. Native advertising is different from content marketing. The word “native” refers to the content’s consistency with other media on the platform.  Native advertising is a type of online advertising that matches function and form of the platform on which it seems. In other words, it is a form of brand advertising which will enable marketers to better utilize digital marketing (to meet communication need) from branding to direct marketing. For instance, to promote product an article

By Dipo Olowookere Acting President, Mr Yemi Osinbaji, has maintained that nobody can remove Mr Ibrahim Magu as the Acting Chairman of the Economic and Financial Crimes Commission (EFCC) as long as Mr Muhammadu Buhari remains President of Nigeria. Mr Osinbajo made this declaration on Thursday, July 6, 2017, while commissioning the Kaduna office of the anti-graft agency. The executive and the legislature have been at loggerheads in recent times over Mr Magu acting as Chairman of the Commission for several months. He has had his nomination rejected twice by the Senate. This week, the red chamber said it would