FrieslandCampina Lifts NASD OTC Bourse by 0.04%

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.38 per cent on Friday, September 30, with N4.16 billion added to the value of the bourse, closing at N1.105 trillion compared with Thursday’s value of N1.101 trillion. The market witnessed the improvement a day after the shares of VFD Group were yanked off the trading platform, with the NASD Unlisted Securities Index (NSI) closing higher by 3.06 points to settle at 815.65 basis points versus the previous day’s 812.59 basis points. There were three gainers led by FrieslandCampina Wamco Nigeria Plc, which improved by N1.31 to close at

In 2023, there are over 500 binary options brokers worldwide, each with its unique offerings and trading platforms. Many people, especially beginners, wonder how to choose the best one. Traders Union (TU) experts have conducted a thorough analysis to help traders make the right choice, excluding unreliable brokers. The result is the Top 5 Best Binary Brokers for 2023, all licensed, offering a wide range of trading options, and ensuring favorable conditions for traders. This list aims to save time and protect traders from potential scams. Top binary options platforms Traders Union analysts regularly update the binary options trading platform

Traders Union (TU) experts know that supply and demand rules control all markets. When traders trade, they usually use technical signals to find out if there is more supply or demand. In this guide, the analysts will delve into the world of supply and demand zones and explore their significance in trading. But before you dive in, it’s crucial to grasp the fundamentals. What you should know about supply and demand zones The guidance from TU’s analysts provides insight into the crucial aspects of demand and supply zone trading. It is important to understand these zones: Supply Zone – this

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has said Nigeria is in dire need of foreign direct investment (FDI) more than ever before, tasking domestic and foreign investors to make Nigeria their investment hub because efforts are being made to formulate business-friendly policies. Mr Shettima, while speaking when he hosted the management of First Surat Group, as well as top management of MTN Nigeria at the presidential villa in Abuja, charged MTN Nigeria to facilitate and spearhead digital mobile money and digital education. He assured that President Bola Tinubu was willing to partner with various stakeholders in the

By Benita Ayo It is the general requirement of the law governing the operation of business activities in Nigeria that anyone who seeks to carry on business in Nigeria must register the business within a stipulated timeframe with the Corporate Affairs Commission (CAC). The appropriate law which regulates business entities in Nigeria is the Companies and Allied Matters Act 2020, which is known otherwise as the CAMA 2020. The moment after which the Certificate of Incorporation is given by the Registrar-General of the Corporate Affairs Commission, a register of the company is opened at the Corporate Registry, Abuja. Every company

By Modupe Gbadeyanka The Lagos State government has announced a tax holiday for business owners at the popular Circle Mall in Lekki, whose stores were burnt down by some hoodlums about two weeks ago. In the aftermath of the shooting of peaceful #EndSARS protesters in Lagos by soldiers, thugs unleashed terror on the state, burning down both government and private properties. The Circle Mall was among those destroyed by arsonists, leaving owners of shops and stores helpless. On Sunday, Governor Babajide Sanwo-Olu held a meeting with tenants of the mall and promised to assist them with tax break and loans

By Modupe Gbadeyanka The federal government has disclosed that the three local television stations fined by the National Broadcasting Commission (NBC) for airing footages from the #EndSARS protests have accepted to pay the N9 million sanction. The industry regulator had punished AIT, Arise TV and Channels TV for airing videos obtained from the social media without authenticating them. According to the NBC, this was against the broadcast code and for violating the rule, they were fined N3 million each, though this did not go down well with many commentators. But the Minister of Information and Culture, Mr Lai Mohammed, while

By Adedapo Adesanya Zenith General Insurance Limited recorded a 10 percent increase in its profit after tax, according to its full-year financial statements for the year ended December 31, 2019. In the year under consideration, the insurer grew its net profit to N3.06 billion from N2.8 billion it recorded in the previous year. A review of the results showed that the underwriting firm achieved a year-on-year 16 percent growth in the profit before tax, which rose to N3.7 billion from N3.2 billion. According to the financial position of the company, it also maintained a robust balance sheet as it closed

By Dipo Olowookere The third quarter financial results of pan-African banking group, United Bank for Africa Plc (UBA), has shown a 7% year-on-year growth in profit before tax to N62 billion. This comes despite the challenging macro-economic environment. In the results, the bank had an impressive 18.2% annualized return on average equity and also recorded an appreciable growth in both funding and fee income lines. Group Managing Director and CEO of UBA Plc, Mr Kennedy Uzoka, while commenting on the report said, “I am pleased with our performance in the first nine months of the year.” “Notwithstanding the negative economic

By Adedapo Adesanya The National Union of Road Transport Workers (NURTW), Road Transport Employers’ Association of Nigeria (RTEAN) and major bike-hailing services operating in Lagos State have reached an agreement on the collection of daily ticket to allow them operate in the metropolis without harassment. Riders had always faced frequent harassment from members of the transport unions, who stop them to request for money. But to put an end to this, owners of the business have met with leaders of these trade associations. According to TechCabal, the riders affiliated with these motorcycle startups will now have to buy a N500

Reports say the ‘Just Do It’ NIKE Unlimited Campaign’ has continued to give inspiration to athletes all over the world, making them push beyond their limits. The company has also debuted its ‘Unlimited Will’ campaign. The campaign, which has struck a chord worldwide with nearly 300 million views to date, highlights quadruple amputee Kyle Maynard in final instalment. Nike, today, unveiled the final film in its powerful and globally reaching ‘Just Do It – Nike Unlimited Campaign’ which showcases how unlimited determination can overcome the toughest of challenges. ‘Unlimited Will’ follows ‘Unlimited Future,’ ‘Unlimited You,’ ‘Unlimited Courage,’ ‘Unlimited Together’ and

By Modupe Gbadeyanka A new report by PwC has disclosed that the entertainment and media (E&M) industry in Nigeria will generate a revenue of $9.9 billion by 2022 from the $3.8 billion raked in 2017. In its ‘Entertainment and Media Outlook: 2018 – 2022: An African Perspective’ released today and obtained by Business Post, PwC said last year, Nigeria saw a huge 25.5 percent rise in E&M revenue, although $605 million of this $764 million rise was attributable to Internet access. “A 21.5 percent CAGR rate is anticipated to 2022, with revenue reaching $9.9 billion in that year. Again, Internet