How Capital Market Can Attract Millennial Investors—Omorogbe

By Adedapo Adesanya The Nigerian government is targeting an estimated $55.2 billion in oil and gas investments by 2030, according to the Special Adviser to the President Bola Tinubu on Energy, Mrs Olu Verheijen. She said the government has wrapped up a series of strategic engagements with 15 leading international and independent oil and gas companies operating in Nigeria. The President’s aide recently organised sessions in Lagos and Abuja in partnership with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to review ways to improve the sector and address the nation’s revenue emergency whilst contributing to stabilising Nigeria’s economy. Involved in

By Adedapo Adesanya The Minister of Power, Mr Adebayo Adelabu, has called for collective efforts to shape the energy sector in Nigeria, noting that no meaningful economic growth can be achieved without it. Mr Adelabu said this at the Nigeria Energy 2023 leadership summit recently held in Lagos, with the theme Unlocking new value with reforms, investments, and technology which saw in attendance industry leaders. The Minister said, “Energy is the lifeblood of any modern economy of which Nigeria is no exception. No meaningful economic growth or industrial development can be achieved without energy. “We can be talking of potential

eToro is like a big global marketplace for people who want to trade. It has been around since 2007 and serves folks in over 140 countries. It’s great for both the pros who know their stuff and newcomers who are just starting out. They even have a practice account for beginners and ways for people to earn without doing much. Sometimes, though, things don’t work out, or people just change their minds. Traders Union has got you covered with a guide on how to close eToro account the right way. Comparing eToro account options eToro offers trading conditions that many

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange continued its weekly positive run as it extended its gains by 0.41 per cent in the 38th week of trading in this year. The bullish posture was supported by the improvements in the share prices of six companies admitted to the alternative stock exchange in Nigeria. This increased the NASD Unlisted Securities Index (NSI) by  2.30 points from 805.65 points in the previous week to 808.95 points, as the market capitalisation of the bourse was relatively unchanged on a week-on-week at N1.140 trillion. Food Concepts Plc led the price gainers’ after

By Modupe Gbadeyanka Data released on Monday, July 17, 2017, by the National Bureau of Statistics (NBS) has revealed that the Consumer Price Index (CPI), which measures inflation, increased by 16.10 percent (year-on-year) in the month of June 2017. This was 0.15 percent points lower than the rate recorded in May, which stood at 16.25 percent. It is the fifth consecutive decline in the rate of inflation since January 2017. According to the stat office, on a month-on-month basis, the headline index increased by 1.58 percent in June 2017, 0.30 percent points lower than the rate of 1.88 percent recorded

The new European football season commenced on ESPN last weekend with the English Football League and Scottish Premiership live action. It promises to be nonstop live action this August. ESPN football action continues the evening of Friday, August 11, with round 1 of the German DFB Pokal, as Eintracht Braunschweig hosts Shalke 04 live on ESPN (GOtv ch 67) at 7:45 pm. Saturday, August 12, will feature explosive football action from the English Football League and Dutch Eredivisie. Coventry City will take on Middlesbrough at 12;30 pm. PSV will start their league season at home to FC Utrecht, at 3:30

By Dipo Olowookere Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Maikanti Baru, has ordered an immediate assessment of the damage caused by a fire on the Escravos to Lagos Pipeline (ELP), a natural gas pipeline which supplies gas from Escravos region of the Niger Delta area to Lagos. He also said efforts must be immediately put in place to restore the line. The pipeline also supplies gas to power plants in the South West, in addition to feeding the West Africa Gas Pipeline System. The incineration of the ELP, which was built in 1989, was suspected

By Ahmed Rahma The Independent National Electoral Commission (INEC) has declared that it was working on improving the conduct of elections in the country, especially the general polls in 2023. With a view of upgrading and improving the conduct of the elections, the commission said it was reviewing some adopted technologies and will be introducing new ones, not for the fancy of it but for the technologies that work. The commission added that it was also reviewing its voter education to enable it to explain better the planned technologies to Nigerians. Speaking at a workshop for the Voter Education and

A subsidiary of FBNQuest Merchant Bank and part of FBN Holdings Plc, FBNQuest Asset Management, is offering investors expert guidance on market opportunities. The firm seeks to reorient investors from the short-term outlook and instant gratification approach by encouraging them to focus on the rewards of thinking beyond today and investing to meet specific goals in the future. With investing, delaying gratification requires that you make a few financial sacrifices now in order to create opportunities that help secure the future. The reason being, to unleash the potential growth of your finances, interest needs to be compounded and accumulated over

By Modupe Gbadeyanka Business grants worth N10 million have been given to 30 members of the National Youth Service Corps (NYSC) by Unity Bank Plc. The funds were shared to the corps members by the lender through its flagship business plan competition known as Corpreneurship Challenge, which is in its 6th edition. The Unity Bank Corpreneurship Challenge has been an avenue to support the fresh graduates from the various tertiary institutions across the country serving their fatherland. Unity Bank is currently in 10 states of the federation where three winners each emerged from the Batch B Orientation. The winners emerged

By Cowry Asset In the bond market, FGN bonds traded at the OTC segment moved in mixed directions: The 20-year, 10.00% FGN JULY 2030 debt and the 10-year 16.39% FGN JAN 2022 bond shed N0.06 and N0.03 respectively; their corresponding yields rose to 16.09% (from 16.07%) and 16.19% respectively. However, the 7-year 16.00% FGN JUN 2019 debt gained N0.05 and N0.06 respectively; their corresponding yields fell to 16.43% (from 16.45%) and 16.43% respectively. Elsewhere, FGN Eurobonds traded on the London Stock Exchange depreciated in value across most of the maturities amid profit taking. The 5-year, 5.13% JUL 12, 2018 bond

By Dipo Olowookere Manchester United on Sunday evening lost by a lone goal to relegation-bound West Bromwich Albion at Old Trafford to hand the league title to their city rival, Manchester City. United had denied their ‘noisy neighbours’ the title last week at the Etihad Stadium after coming from two goals down to win 2-3 in an intense match. The Jose Mourinho men had needed a win over the Baggies to delay City’s title party for another week, but the abysmal performance put up by the red side of Manchester ensured that the blue side of the city are crowned