Naira Falls to N465/$1 at Black Market, Gains 0.09% at I&E

By Dipo Olowookere Renewed buying interest in consumer goods stocks saved the Nigerian Exchange (NGX) Limited from collapsing on Tuesday, as it finished higher by 0.71 per cent at the close of trading activities. The trading session saw Ellah Lakes ending as the best-performing stock after its value rose by 10.00 per cent to N3.63, leading the gainers’ chart of 35 members. Berger Paints rose by 9.95 per cent to close at N11.60, eTranzact grew by 9.93 per cent to N8.08, Oando improved by 9.92 per cent to N13.30, and Chams also jumped by 9.92 per cent to N1.33. Business

By Benita Ayo A while ago, it was announced that certain companies would be struck off the corporate register of the Corporate Affairs Commission. The major reason for this is the failure of defaulting companies to file their Annual Returns with the commission. I have always reiterated the fact that approval of an application to register a company does not signify that its officers can fold their hands and go to sleep. There are bundles of requirements to be fulfilled by such companies one of which is the filing of its Annual Returns. The Annual Return is a yearly account

A recently unveiled comprehensive report by experts at Traders Union (TU) has outlined the golden hours for Forex trading in India. As the global market wades through waves of unpredictability, Indian traders have been presented with a detailed guide on when to dive in. While it’s a well-known fact that the Forex market operates around the clock, not all hours are equal. As per the Traders Union report, the sweet spot for Forex trading in India lies between 6.00-12.00 GMT and 18.00-0.00 GMT. These windows promise maximum liquidity, tight spreads, and minimal slippage, factors that are crucial for profitable trading.

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange improved by 0.12 per cent on Wednesday, September 20, with the unlisted securities index expanding by 1.00 points to end the day at 806.29 points as against the 805.29 points it recorded at the previous session. During the trading day, the market capitalisation of the alternative stock exchange increased by N1.42 billion to close at N1.139 trillion compared with Tuesday’s closing value of N1.138 trillion. It was observed that the bulls overcame the bears on Wednesday, with the bourse closing with three price gainers and two price losers. Aradel Holdings Plc

By Dipo Olowookere On Friday, June 1, 2018, leading telco in the country, MTN Nigeria, commenced its 21 Days Of Y’ello Care campaign, a volunteerism initiative where all ‘MTNers’ (staff of MTN) across the country will volunteer in various goodwill projects around the country. The annual campaign, which was launched in 2007, is tagged ‘Creating A Brighter Future’ this year and MTN will, for the next 21 days, focus its effort towards ensuring a better quality of life for Nigerians . ‘MTNers’ headed out of their offices for the kick-off of the CSR campaign. And just like previous years, the

By Aduragbemi Omiyale Tougher times await Nigerians as the cost of energy may further rise, going by the latest directive of the Federal Inland Revenue Service (FIRS) to the Nigeria Customs Service (NCS). The tax agency has asked the NCS to begin to charge a 7.5 per cent Value-added Tax (VAT) on Automobile Gas Oil (AGO), otherwise known as diesel, imported into the country. As a result, the customs, through Assistant Comptroller-General of Tariff and Trade, MBA Musa IN, on behalf of the Deputy Comptroller-General of Tariff and Trade, has informed oil marketers in the country of its intention to

Did you know you can be a sharp gambler with the correct information? Thanks to the internet booming, online gambling is growing all the time. Nowadays, people are betting from home as it is convenient and comfortable, unlike brick-and-mortar casinos. Gambling at home also allows for concentration; hence you can win bigger prizes. What does it take to start gambling as a beginner? There are things you should look out for before you start betting. The essential point is to evaluate your preferences and a betting platform that suits your gambling needs. In this article, we outline the newbies’ guide

***Celebrates Chinese New Year Stanbic IBTC, a member of Standard Bank Group, has said it is pleased to join the Chinese community in Nigeria and other well-wishers to celebrate the Chinese New Year, the year of the pig. The company stated that the Chinese community in Nigeria has become a very important part of the Stanbic IBTC business ecosystem as well as that of the country’s socio-economic and cultural heritage and is proud to support the community as it ushered in its new year. “The staff and management of Stanbic IBTC wish to congratulate the Chinese community as it celebrates

By Adedapo Adesanya Trading activities at the NASD Over-the-Counter (OTC) Securities Exchange closed flat on Wednesday, April 29, a day after closing negative. This situation left the NASD Unlisted Securities Index (NSI) and the market capitalisation remaining at 694.88 points and N510.44 billion respectively. However, there was an increase in the volume of shares exchanged by investors at the midweek session as it rose by 594 percent to 172,124 units from 24,800 units previously exchanged. In addition, the value of transactions recorded at the bourse on Wednesday grew by 1,590 percent to N48.8 million from N2.9 million achieved on Tuesday.

By Aduragbemi Omiyale Ecobank Nigeria Limited has been ranked among the top five customer-centric financial institutions operating in the country. The ranking was done by a leading audit and professional services company in Nigeria, KPMG, in its 2021 survey of Nigerian banks. Ecobank Nigeria was number five in the study in the Wholesale (Corporate) Banking category of the KPMG Customers’ Experience and Satisfaction Survey. When compared with the previous year, the lender moved eight places higher, which was a significant improvement. The top banks in order of rating include Citibank, Standard Chartered Bank, FCMB, Zenith and Ecobank Nigeria. KPMG explained

By Kayode Ajulo Abstract In recent times, there have been calls from different quarters on the need to legalize the use of Marijuana in Nigeria. This legal opinion considers the mischief behind the laws proscribing the production, possession, sale and use of Marijuana and thereafter considers the benefits of legalizing Marijuana in Nigeria. Introduction Classified as an illicit drug in many countries, marijuana is outlawed by many governments. In Nigeria, it is often referred to as ‘Indian hemp’. In the country, Cannabis Sativa, which has enjoyed use as fibre, seed and seed oils, medicinal purposes, and as a recreational drug,

By Modupe Gbadeyanka IOM reports that 350,573 migrants and refugees entered Europe by sea in 2016 through 30 November, arriving mostly in Greece and Italy, compared with 883,393 by this time in 2015. Some 171,751 people have arrived in Greece and 173,188 in Italy during 2016. Arrivals in Italy increased by 20.1 percent from 144,205 at this point last year. The figures, provided by the Italian Ministry of Interior, show that migrants continued to cross the Mediterranean, despite dangerous sea conditions and colder winter weather. The total number of migrant and refugee fatalities in the Mediterranean since the beginning of