Lagos Tax Payers Get Extra Two Weeks to File Annual Tax Returns

Traders Union (TU) recently took an interest in ChatGPT, a chatbot by OpenAI. Think of ChatGPT as a super-smart robot friend who loves to chat about almost anything! It’s famous for giving detailed answers to loads of questions. But, like every friend, it might get things wrong sometimes. There’s a free version everyone can chat with, and a fancier version called ChatGPT Plus for those who want more. Some even call it the “ChatGPT trading bot” because of its extensive knowledge about trading. ChatGPT’s trading capabilities Without a doubt, ChatGPT has carved a niche for itself in the automated trading

By Aduragbemi Omiyale A Norwegian start-up, Empower New Energy, has injected about $13 million into a Nigerian hybrid solar solutions provider, WATT Renewable Corporation, to reduce the country’s carbon footprint through innovative technologies. A statement from WATT said the funds would be used to improve the renewable energy portfolio, adding an impressive 8MW of installed generating capacity and 14.3MWh of storage capacity through end-to-end services and operation of towers in Nigeria. The firm stated that this is set to make a substantial impact on the availability and reliability of clean energy in the region and reduce the consumption of diesel

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Investors and Exporters (I&E), the Peer-to-Peer (P2P), and the black market arms of the foreign exchange (forex) market on Friday, September 29, as a turbulent third quarter ended. In the official segment, the local currency improved its value against the greenback by 2.6 per cent or N20.04 to close at N755.27/$1, in contrast to the preceding day’s N775.31/$1 amid a drop in the supply of FX into the system by 11.6 per cent or $16.73 million to $127.82 million from the $144.55 million published on Thursday. In the

By Dipo Olowookere The board of Capital Hotels Plc has announced the creation of an escrow account for the payment of about N1.6 billion to minority shareholders of the company. The hospitality firm is leaving the Nigerian Exchange (NGX) Limited after years on the nation’s main stock exchange. In a notice signed by Alex Ugwuanyi, the organisation said the account was created with CardinalStone Registrars Limited and has been sufficiently funded for payment “to shareholders” who “have accepted to exit” the firm by selling their holdings. Recall that in March 2023, shareholders of Capital Hotels approved the request of the

By Dipo Olowookere There is an unease among observers of the Nigerian economy over the fast rate the nation’s external reserves are declining in recent times. Recall that last month, Business Post raised an alarm over the issue and projected that it was only a matter of few days before the reserves fall below $38 billion and hit the $37 billion region. Days after our report, the account, which holds foreign earnings generated by Nigeria as well as issued Eurobonds, has reduced and as at the close of business on Monday, February 10, 2020, what is left is about $37.4

By Dipo Olowookere A bipartisan delegation of Members of Congress from the U.S. House of Representatives arrived Friday on a visit to strengthen ties between the American and Egyptian peoples. Headed by Representative Dana Rohrabacher of California, senior member of the House Committee on Foreign Affairs, the delegation held productive meetings with President Abdel Fattah el-Sisi as well as senior Egyptian government, business, and community leaders. Following Representative Rohrabacher’s January 2014 visit to Egypt, he announced the formation of a bipartisan Egypt Caucus in the House of Representatives to further relations between Egypt and the United States. The delegation addressed

By Kester Kenn Klomegah As Russia prepares to strengthen its overall corporate economic profile during the African leaders’ summit, policy experts are questioning bilateral agreements that were signed, many of them largely remained unimplemented, at least, for the past decade with various African countries. Experts, such as Professors Vladimir Shubin and Alexandra Arkhangelskaya, Institute for African Studies in Moscow, have argued that Russia needs to be more strategic in aligning its interests, and be more proactive with instruments and mechanisms in promoting economic cooperation in order to reap the benefits of a fully-fledged partnership. “The most significant positive sign is

By Modupe Gbadeyanka Dr Mufutau Adeoye Yusuf has been announced as the new Managing Director of Premier Paints Plc. This information was revealed in a statement signed by Mrs Fatima Abeni Lawal, the Company Secretary/Chief Compliance Officer. Mrs Lawal disclosed that Mr Yusuf was appointed as the Managing Director/CEO of the paint firm on April 3, 2017, while his appointment was approved by the Board of Directors on May 18, 2017. Mr Yusuf holds B.Sc (Hons) and M.Sc in Economics. He also has an M.Sc in Management as well as an MBA in Marketing. In addition, the appointee boasts of

By Adedapo Adesanya Mustard Insights, a Nigerian-based data visualization company, is starting the year 2022 on a high note as it raised an undisclosed amount of capital in a pre-seed round of funding. The company, which was founded in January 2021, currently creates data visualizations and disseminates them to digital audiences. Its objective is to ensure that its users are presented with information that can aid diverse levels of decision making. Its digital platform which is set to launch in March is to serve as a repository of African data across different economic, industry and social datasets. The amount was

By Modupe Gbadeyanka In June 2016, the Securities and Exchange Commission (SEC) in Nigeria constituted three committees to review amendments to laws affecting investment in the country. This followed the resolution passed at the 1st Quarter CMC to review the extant laws. SEC inaugurated the committees to review the Investment and Securities Act, 2007 Anti-Trust & Competition Bill including the Federal Competition & Consumer Protection Bill to be headed by Chief Anthony Idigbe (SAN); the Pension Reform Act, 2014 Financial Reporting Council of Nigeria Act, 2011 Warehouse Receipt and Other Related Matters Bill, 2016 led by Dr Babatunde Ajibade (SAN);

By Nneka Okumazie Maybe the standard human measure for answered prayer is so inaccurate that many think the fervent prayers of the righteous are to no avail. Maybe using physical proportionality to assume spiritual effectiveness is the great misunderstanding against the Christian faith. Many think that for the righteous to pray for X, and not receive X at a certain time, means prayers don’t work. Prayers work, all the time, at least for those the Lord hears. The answer may not always be what was extrapolated, but it was advised to always pray. So, if the Lord says His people

By Modupe Gbadeyanka Activities on the Nigerian Stock Exchange (NSE) closed on a negative note for the third time this week. Capital market analysts informed Business Post that the major reason for the decline recorded today at the stock market was due to price depreciations suffered by some blue chip stocks. For instance, Nestle shed a whopping N14.97k on Wednesday to close at N800 per share, while 7up crashed by N13.96k to finish at N129.36k per share. Also, Forte Oil lost N6.98k to end at N87.2k per share, Flour Mill sank by 94k to close at N17.94k per share and