Massive Negative Reviews Trail eNaira on Google Play Store

By Dipo Olowookere A 0.12 per cent appreciation was recorded by the Nigerian Exchange (NGX) Limited on Friday, reversing the previous day’s losses triggered by profit-taking in the banking sector. Business Post reports that it was the same banking space that influenced the growth posted yesterday, rising by 1.60 per cent, supported by the consumer goods indices, which appreciated by 0.15 per cent. However, there were pockets of profit-taking during the last trading session of the week, with the insurance sector shedding 0.78 per cent, the industrial goods sector losing 0.65 per cent, and the energy counter declining by 0.57

By Adedapo Adesanya  The Central Bank of Nigeria (CBN) has disclosed that the total value of the country’s merchandise trade experienced an increase of 1 per cent to $7.8 billion in August 2023 from the $7.72 billion that was quoted in July. This was disclosed by the apex bank in its latest monthly economic publication, where it disclosed that despite the rise month-on-month, Nigeria’s merchandise trade value in the period was almost 20 per cent lower compared to the value in August 2022 due to a significant decrease in import trade value. The total merchandise trade comprised an export trade

By Bliss Okperan President Bola Tinubu on Monday morning departed Abuja for Maiduguri, the Borno State capital the Nigerian Army Annual Conference as a special guest of honour. Mr Tinubu left the seat of power from the presidential wing of the Nnamdi Azikiwe International Airport, Abuja. It is his first visit to the North-Eastern region of the country since assuming office on May 29, 2023, from former president Muhammadu Buhari. The event will include an address to the troops of Joint Task Force North East Operation HADIN KAI, an inspection of the ongoing Nigerian Army Reference Hospital in Maiduguri, and

By Adedapo Adesanya The Nigerian Naira weakened to a new low on the American Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, December 8, amid speculations that the Central Bank of Nigeria (CBN) has again devalued the local currency. In the previous trading session, there were reports that the exchange rate for clearing cargoes has been raised to N952/$1, sparking rumours that domestic currency would hit N1,000/$1 in the spot market. On the last trading session of the week, the Naira lost N255.98 or 30.4 per cent of its value on the greenback to trade at N1,099.05/$1

By Dipo Olowookere It was another four-day trading week as the Monday, April 22, 2019 was announced as public holiday in commemoration of the Easter celebrations. In the week, the All-Share Index depreciated by 1.15% while market capitalisation depreciated by 1.09% to close the week at 29,740.41 points and N11.177 trillion respectively. Similarly, all other indices finished lower with the exception of the NSE Oil/Gas Index that rose by 0.43%. A total of 30 equities appreciated in price during the week, lower than 33 in the previous week, while 40 equities depreciated in price, higher than 33 equities of the

By Modupe Gbadeyanka Sahara Foundation has taken a significant step to promote environmental sustainability and encourage the adoption of recycling as a socio-cultural practice to drive desired behavioural change in waste management in Lagos State. The organisation made this move in partnership with the Lagos State Employment Trust Fund (LSETF) and Wecyclers, a social enterprise with expertise in recycling. The idea is to experiment with this project, a series of recycling exchange hubs, in 12 of the 20 local government areas of the state. In line with the Sustainable Development Goals (SDG) 11 and 17, which speak to Sustainable Cities

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.2 per cent on  Friday, May 19, following positive price movement from FrieslandCampina WAMCO Nigeria Plc. The milk producer closed the final session of the week as the sole gainer after it moved up by N1.00 to settle at N66.00 per share compared with the previous day’s N65.00 per share. This supported the N1.96 billion upward movement in the value of the NASD OTC Exchange as it finished at N990.28 billion compared with Thursday’s closing value of N988.32 billion. Following the same trend was the NASD Unlisted Securities Index

Founder of Interswitch Group, Mr Mitchell Elegbe, has emphaised the importance of trust in becoming successful in life, saying being trusted goes hand-in-hand with trustworthiness, adding that trustworthiness was a culmination of ability, integrity and benevolence. Speaking at the second InterswitchSPAK Masterclass held in Lagos recently, the entrepreneur also said the best way to fight corruption was to have the mindset of equity, stressing that corruption and poverty go hand-in-hand. He explained the relationship between equality and equity, noting that not all have equal strengths, opportunities and privileges. However, he said with a sense of equity, the more privileged would

By Modupe Gbadeyanka Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Maikanti Baru, has commended the leaderships of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) for their roles in the prompt resolution of the recently averted planed industrial action. The NNPC GMD made this disclosure at the 4th Quadrennial Delegates’ Conference of the National Union of Petroleum and Natural Gas Workers (NUPENG), NNPC Group Executive Council in Abuja. Mr Baru pointed out that both unions have demonstrated uncommon commitment to the vision of the

By Dipo Olowookere The importance of the commercial capital of the Southeast Nigeria, Aba in Abia State, has been highlighted by the Acting President, Mr Yemi Osinbajo. During a visit to Aba, where he participated in the First MSMES Clinics after the media launch in Abuja on Tuesday, and using an analogy, the story President Muhammadu Buhari once told him about the importance of taking care of people “who do the things that make us comfortable, the Vice President observed “it is important to pay attention to MSMES.” He said, “We will spend time to ensure that we give those

By Modupe Gbadeyanka Adamawa State Governor, Mr Mohammed Jibrila Bindow, has applauded Fidelity Bank Plc for supporting the development of education in the state and across the country through its sustainable Corporate Social Responsibility (CSR) initiatives. Mr Bindow gave this commendation during the handover ceremony of the newly constructed block of classrooms by the financial institution to the management of Kwarhi B’ Primary at Mubi in Hong Local Government Area (LGA). The Governor noted that the project was significant as it would go a long way to provide an appropriate learning environment for children in the community. Mr Bindow, who

By Modupe Gbadeyanka The House of Representatives has said it would be a shame for Nigeria to record another economic recession in four years. In the second quarter of 2016, just over a year into the administration of President Muhammadu Buhari, the nation slipped into an economic crisis. The major driver of this was the incessant attacks on oil installations in the Niger Delta region of Nigeria, which significantly reduced the volume of crude produced by the country. It took the intervention of the Vice President, Mr Yemi Osinbajo, who held talks with leaders of the region, to bring things