Groups Educate Investors on Basic Concepts of SASB Standards

Traders Union (TU) experts know that every investor has their own special way of investing that sets them apart from the rest. A famous investor, Carl Icahn, is one of those exceptional figures who did things differently and achieved a lot. Understanding what he did and how he did it can be really helpful for new traders. It’s like having a practical guide that can turn a beginner into a pro trader quickly. Discover Carl Icahn trading strategy by reading on. Biography of Carl Icahn Born on February 16, 1936, in Far Rockaway, Queens, New York, Carl Icahn grew up

By Adedapo Adesanya The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has cleared the air regarding recent reports on the transfer of funds to the Joint Tax Board (JTB) by the Federal Inland Revenue Service (FIRS) under the erstwhile chairman, Mr Muhammad Nami, for the tax reform committee. In a statement on Friday, he revealed that N5 billion was paid to the board to fund activities of the team set up by President Bola Tinubu, noting that “The committee’s budget includes provisions for a national Data for Tax project which the JTB had been

By Aduragbemi Omiyale The management of BUA Cement Plc has announced a reduction in the prices of its cement from its factory without the transportation costs to N3,500 per bag (50kg). The cement maker confirmed this development in a statement issued on Sunday, noting that it was part of efforts to make sure customers get the products at cheaper prices. In the statement, BUA Cement disclosed that the slash in cement prices is from Monday, October 2, 2023, urging its distributors not to fleet the end users. The firm said, “All pending, undelivered orders which had been paid for at

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Peer-2-Peer (P2P) wing of the foreign exchange market on Monday, October 2, as the official market, the Investors and Exporters (I&E) window closed for the Independence Day holiday. In the P2P segment, the Nigerian Naira appreciated against the American currency by N3 to sell at N998/$1 compared with the preceding session’s value of N1,001/$1. In the same vein, the local currency improved its value against the US Dollar on Tuesday by N1 to sell at N1001/$1 versus the previous session’s exchange rate of N1002/$1. During the Independence Day

By Aduragbemi Omiyale A partnership aimed to make available to air passengers real-time flight schedules and inventory has been entered into between Wakanow and Dana Airlines, also known as Dana Air. “Wakanow is expected to bring in another differentiator to the Nigerian travel industry as we begin this collaboration with Dana Airlines,” the chief executive of Wakanow, Mr Adebayo Adedeji, stated. “With this partnership, we are poised to change the face of domestic travel for Nigerian travellers and other tourists from across the world. We would bring our topnotch expertise to bear so that this collaboration will be a case

By Dipo Olowookere Shareholders who intend to take their rights in the N7 billion rights issue of eTranzact International Plc have started doing so since Tuesday, July 14, 2020. The exercise, according to the notable payments provider in Nigeria, is expected to come to an end on Monday, August 10, 2020. During the rights issue, the company is offering for sale a total of 4,666,666,667 ordinary shares of 50 kobo each at N1.50 per share on the basis of 10 new ordinary shares for every nine ordinary shares held by shareholders as at March 25, 2020. In a circular yesterday,

By Investors Hub The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks likely to move to the downside following the volatility seen in the previous session. A continued increase in U.S. treasury yields is likely to weigh on the markets as the bond markets reopen following the Columbus Day holiday on Monday. Upbeat economic data has pushed treasury yields higher in recent sessions, raising concerns the Federal Reserve may raise interest rates more aggressively than previously anticipated. The ten-year yield has reached its highest levels in well over seven years, while the thirty-year bond

By Adedapo Adesanya Transcorp Hotels Plc has released its half year report for the year 2019 (January – June) and indications show that the net profit plummeted by 60 percent as the group made N556.9 million profit after tax against last year’s PAT of N1.4 billion. Despite the group’s increased revenue from contracts with customers totaling N9.3 billion against N8.0 billion in H1 2018, the leading hospitality brand saw an increase in the cost of sales, closing at N2.3 billion as at June 30, 2019 against N2.1 billion as at June 30, 2018 as further analysis showed that there was

By Modupe Gbadeyanka Auckland-based inventory management Software-as-a-Service (SaaS) provider, Unleashed Software, has announced a Series C investment of NZ$7.0 million from Movac, New Zealand’s largest and most experienced technology investment company. Of the recent investment success, CEO of Unleashed Software Gareth Berry comments: “We have been building our core product and markets for eight years now and the markets around the globe are really starting to embrace cloud based applications. We can see the amazing traction for ‘best in class’ systems like Unleashed being adopted around the globe now, and we are truly grateful to be the system of record

By Dipo Olowookere Shares of Daar Communications Plc traded flat on the floor of the Nigerian Stock Exchange (NSE) on Friday despite the trouble facing the company at the moment. On Thursday, its industry regulator, the National Broadcasting Commission (NBC), suspended the operating licence of its flagship broadcast stations, African Independent Television (AIT) and RayPower FM. As a result, the stations are presently not on air. The NBC accused the media platforms of breaking the nation’s broadcasting codes by airing inciting materials despite being warned severally. At the stock market on Friday, shares of the parent company of AIT and

By Dipo Olowookere A 25-year-old medical student at the University of Zambia Ridgway Campus, Natasha Salifyanji Kaoma has won the Queen’s Young Leaders Award. And Zambia’s High Commissioner to the United Kingdom, Mr Muyeba Chikonde has commended Natasha for winning the 2017 Queen’s Young Leaders Award saying it is such a pride for the country to have a Zambian Youth representing the great Nation of Zambia in such a prestigious and competitive programme of the Commonwealth. The Queen’s Young Leader Award recognises and celebrates exceptional people aged 18-29 from across the Commonwealth, who are taking the lead in their communities

By Adedapo Adesanya The Senate Committee on Public Account will be investigating a difference of N120 billion found in subsidy payment to the Independent Petroleum Marketers Association of Nigeria (IPMAN) by the Petroleum Products Pricing Regulators (PPPRA) in 2016. The upper chamber discovered that in an Auditor-General for the Federation (AuGF) 2016 report, the subsidy payment reflected in the record of the Federation Account Allocation Committee (FAAC) was N443 billion while the record presented by the PPPRA showed N563 billion. “The amounts reflected in FAAC records at the OAGF (Office of the Auditor-General for the Federation) of N443,940,559,974.80 as subsidy