Moneymailme Unveils Multi-Protocol Blockchain Marketplace

By Adedapo Adesanya  Africa Finance Corporation (AFC) has secured a $300 million loan from the Export-Import Bank of China (CEXIM) to drive increased trade finance and investment across the African continent, fostering economic growth and development. The infrastructure solutions provider on the continent announced the successful signing of the landmark agreement on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt. The 3-year credit facility is a significant development in AFC’s long-standing relationship with CEXIM. The two institutions have collaborated since 2018, with AFC receiving $400 million in bilateral loans from CEXIM to date. According to

By Adedapo Adesanya Ultrasonic sensing technology company, Fluenta, has completed work on the Dangote Refinery in Nigeria, Africa’s biggest oil refinery, installing 18 ultrasonic flare gas meters on large pipelines around the plant. This company is using its technology to aid Nigeria’s flare gas reduction efforts and with Dangote Refinery set to begin operations soon, according to its management recently, this could be a step to fix inaccurate measurements of gas flaring. Nigeria currently imports refined petroleum products for its use, even though it is Africa’s biggest oil producer and with Dangote Refinery, the world’s largest single-train refinery capable of

By Adedapo Adesanya Oil prices moderated in choppy trade on Monday as Russia relaxed its fuel ban amid a widening demand worry. Brent crude futures lost 2 cents during the session to trade at $93.29 per barrel, and the US West Texas Intermediate (WTI) crude depreciated by 35 cents to close at $89.68 per barrel. Last week, prices were down after a hawkish Federal Reserve rattled global financial markets and raised concerns that interest rates could stay higher for longer affecting oil demand. This snapped a three-week rally of more than 10 per cent after Saudi Arabia and Russia constrained

Forex trading is an exciting and money-making venture, whether you do it as a hobby or a full-time job. In this article, Traders Union (TU) experts will talk about becoming a full-time trader and its advantages and disadvantages. They will also explain how much you can earn. Main steps to become a full-time trader So how to become a full-time trader? There are different options. TU’s analysts will explain each one: Forex prop company Pros: Access to funding: you can get funding from the company to increase your capital. Zero risk: your risk is low because the company provides the

By Dipo Olowookere President Muhammadu Buhari has finally signed the 2018 Appropriation Bill into law, Business Post is reporting. The 2018 budget was assented to by President Buhari on Wednesday afternoon at the State House in Abuja. At the short signing ceremony held on Wednesday at the Presidential Villa in Abuja, the President signed the bill transmitted to him last month by the National Assembly, preventing a possible government shutdown. Last week, we reported that the President had till June 30, 2018 to sign this year’s budget into law to avoid grounding the country. Business Post recalled that in November

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed in the negative territory following a marginal 0.02 per cent drop on Wednesday, March 10. The defeat came on the back of loss recorded by Central Securities Clearing Systems (CSCS) Plc as the company’s stock went down by 13 kobo or 0.7 per cent to close at N18.39 per unit compared with N18.50 per unit it closed at the previous session. As a result of this, the NASD unlisted securities index (NSI) moved downwards by 0.14 points to 733.30 points from 733.44 points, while the market capitalisation slipped by N120

By Dipo Olowookere Customers who have approached the Bank of Industry (BoI) for loan application have been given one month to complete their documentations or risk being snubbed. This, according to the bank, was necessitated by the present administration’s Ease of Doing Business mandate to remove critical bottlenecks and bureaucratic constraints to doing business in the country. General Manager of BoI, Mr Joseph Babatunde, disclosed that this move will help businesses get fast and improved service delivery. Speaking at the lender’s gender business group customers’ forum in Lagos, Mr Babatunde said, “We are advising our customers to make available all

By Modupe Gbadeyanka One of the leading indigenous Nigerian oil and gas exploration and production companies, Seplat Petroleum Development Company Plc, has announced a closed period for trading of its shares on the Nigerian Stock Exchange (NSE). This is in preparation of the release of its financial statements for the period ended December 31, 2017. Seplat is a firm with a strategic focus on Nigeria listed on the Main Market of both the London Stock Exchange (LSE) and the NSE. The oil company, in a statement yesterday, said its closed period commenced on Sunday, December 31, 2017. As a result

By Dipo Olowookere Three new directors have been appointed into the board of directors of UAC of Nigeria Plc. The new appointees are Mr Folasope Babasola Aiyesimoju and Mrs Olufunke Ighodaro, who are Non-Executive Directors; and Mr Peter Benedikt Mombaur, who will serve as alternate Director to the new Directors. A statement issued by the firm disclosed that the three directors are expected to bring into the board their wealth of experience. A brief profile of the appointees shows that Mr Aiyesimoju is a finance professional with experience spanning corporate finance, principal investing and private equity. Over the course of

By Dipo Olowookere The Nigerian Army has said it would conclude its Operation Python Dance II in the south east region of the country on Saturday, October 14, 2017. Deputy Director of Public Relations at the 82 Division of the Nigerian Army, Colonel Sagir Musa, disclosed in a statement that the field training exercise code named Exercise Egwu Eke (Python Dance) II, which kicked off on September 15, 2017, is meant to sharpen the skills the troops in the conduct of internal security operations. Colonel Musa further said the exercise was also aimed to combating the security challenges in the

By Adeniyi Ogunfowoke Although having an online presence is quite affordable today, some small and medium scale businesses still struggle with the question of whether they should have an online presence or not. Plainly and expectedly, you would think that this question should not come up at all due to the huge exposure that the internet gives many businesses today. Regardless, as a small business that does not have huge capital, every penny spent must return reasonable or significant value. Hence, do not be surprised that this question pops up once in a while. Jumia as a startup/business that runs