Investment Opportunities in FGN Savings Bonds

By Adedapo Adesanya The Naira recovered from the previous day’s loss after closing stronger against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, December 7, by 11.4 per cent or N108.15 to trade at N843.07/$1 compared with the previous day’s rate of N951.22/$1. This occurred as the value of foreign exchange (FX) transactions slightly increased during the session by $1.67 million or 39.5 per cent to $137.25 million from the $135.58 million achieved in the preceding trading session. Similarly, in the official market, the Nigerian Naira strengthened against the British Pound Sterling on Thursday by

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.6 per cent appreciation on Friday, December 8, as investors gained about N19.12 billion to push the valuation of the unlisted bourse to N1.202 trillion from the N1.182 trillion it closed in the preceding session. This achievement was influenced by the gains recorded by the trio of Aradel Holdings Plc, FrieslandCampina Wamco Nigeria Plc, and Central Securities Clearing System (CSCS) Plc. Data showed that Aradel Holdings Plc improved its value by N30 to settle at N900.00 per unit compared with the previous day’s N870.00 per unit, FrieslandCampina Wamco Nigeria

By Aduragbemi Omiyale Some retiring Nigerian military personnel have been educated on how they can unlock opportunities in the capital market after active service to the nation. At a seminar held on Thursday, December 7, 2023, at the Nigeria Armed Forces Resettlement Centre in Lagos, the participants were informed of the benefits of diversifying their investments for more earnings. They were also exposed to ways to invest and assess the market with technology, including via the recently launched NGX USSD Code. The Divisional Head of Business Support Services and General Counsel of the Nigerian Exchange (NGX) Limited, Ms Irene Robinson-Ayanwale,

By Adedapo Adesanya Crude oil prices rose more than 2 per cent on Friday after data from the world’s largest oil producer, the United States, supported expectations of demand growth. Brent crude futures settled at $75.84 a barrel after chalking up $1.79 or 2.4 per cent, as the US West Texas Intermediate (WTI) crude futures traded at $71.23 after gaining $1.89 or 2.7 per cent. Despite the gain at the final session of the week, both benchmarks fell for a seventh straight week, their longest streak of weekly declines in half a decade, on lingering oversupply concerns. For the week,

By Modupe Gbadeyanka Operatives of the Economic and Financial Crimes Commission have recovered jewelleries worth millions of Naira from the house of one Akka Babba Danagundi, who is said to be the brother- in -law to former National Security Adviser (NSA) to late President Umar Musa Yar’aduwa, Major General Abdullahi Sarki Mukhtar. The expensive items were reportedly found in a fireproof safe hidden in a house allegedly belonging to one Mr Akka Babba Danagundi at No. 375, Gwangwazo quarters of Kano Municipal, Kano State. According to the EFCC, about 50 documents in respect of landed properties bearing the name of

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has revealed in a survey that Nigerians expect prices of goods and services to rise in 2020. In its Consumer Expectations Survey report for fourth quarter (Q4) of 2019 released on Friday, January 3, the apex bank explained that expectations were high as Nigerians consider hike in prices of food, education, among others inevitable this year. The Q4 2019 Consumers Expectation Survey, which was conducted during the period, November 18 – 27, 2019 from a sample size of 2,070 Households randomly selected from 207 Enumeration Areas(EAs) across the country, showed that

By Dipo Olowookere According to the Federal Road Safety Corps (FRSC), here’s what to do if you see an accident: Remain calm. It can be quite a shock to see a road crash, especially if there are people injured or a lot of vehicles involved. If you come across a crash park your car safely out of the way, turn off your engine and turn on your hazards and parking lights. Place warning triangle behind the accident to warn other road users Call 122/08077690362 and give them as much information as possible. The more information you can give the quicker

By Adedapo Adesanya The Department of Petroleum Resources (DPR) has been tasked by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) to investigate the importation of dirty, toxic and substandard fuel into the country from Europe by some marketers. There was a widespread panic recently after a research by Stakeholder Democracy Network (SDN) showed that black market fuel made from stolen oil in “bush” refineries in the Niger Delta was less polluting than the highly toxic diesel and petrol that Europe exports to Nigeria. The report analysed by Business Post found that the fuel imported from Europe exceeded

By Modupe Gbadeyanka The Nigerian National Petroleum Corporation (NNPC) has outlined plans to establish a security advisory council aimed at bringing a lasting solution to the perennial problem of pipeline vandalism and sundry security challenges bedeviling the oil and gas industry. Speaking during a visit to NNPC by the management of Media Trust Limited, the Group Managing Director of NNPC, Dr Maikanti Baru, said there was need to evolve new measures to bring an end to pipeline vandalism which is a major threat to the nation’s economy. Dr Baru said the security advisory council would involve critical stakeholders which include

By Adedapo Adeesanya Coronavirus (COVID-19) cases in Africa neared 13,000 on Saturday, the Africa Centre for Diseases Control and Prevention (Africa CDC) has said. The agency disclosed that as at Saturday, April 11 – 12,973 cases were confirmed across the continent with a total of 693 deaths on record and 2,064 recoveries. Globally there are 1.7 million cases, with 103,790 deaths and 388,684 recoveries. A further breakdown showed that out of the 54 countries in Africa, 52 countries have reported cases of the virus, while only two countries – Lesotho and Comoros have been spared for now. Nigeria, as at

By Dipo Olowookere Draws for this season’s UEFA Champions’ League semi-finals have been made and the remaining four teams now know who to play to progress to the final. The current champions, Real Madrid, have been drawn against their city rivals, Athletico Madrid. Real went past Bayern Munich to pick a spot in the last four, while Athletico Madrid humbled debutant, Leicester City, to advance. Italian giant, Juventus, have been put head-to-head with French club, As Monaco in the semi-finals and both will ruffle the green grass to progress to the last two of this year’s competition. The Old Lady

By Adedapo Adesanya The Board of Directors of MRS Oil Nigeria Plc has appointed Mr Samson Adejonwo as the new chief finance officer (CFO) of the company to replace Mr Charles Agutu. In a notification to the Nigerian Stock Exchange (NSE), the company commended Mr Agutu, saying his proficiency, influenced the growth of the company during his tenure. The company noted that the new CFO, Mr Adejonwo, has over 12 years’ experience in Accounting and Management. He held various positions in organisations, such as Summit Finance Company, ALM Consulting Limited before joining MRS Holdings Limited. According to the company, he