NDEP Weakens Unlisted Securities Market by 0.55%

By Adedapo Adesanya The new Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has said he would adopt an evidence-based monetary policy as he assumed office upon confirmation by the Nigerian Senate on Tuesday. He said the new leadership of CBN would “adopt an evidence-based monetary policy and shall not be making decisions based on a whim.” The Godswill Akpabio-led Senate confirmed the nomination of Mr Cardoso’s nomination as well as that of the four Deputy Governors of CBN nominated by President Bola Tinubu. The four deputy governors whose appointments were confirmed by the Senate are Mrs

By Dipo Olowookere The domestic currency had a breather in the peer-to-peer (P2P) and the parallel market segments of the foreign exchange (FX) market on Wednesday, with its value strengthening against the Dollar at the two windows. This was supported by the ease in the forex demand pressure during the trading session, which had the official market, the Investors and Exporters (I&E) arm of the market, non-operational yesterday due to the public holiday observed in the country for Eid el Maulud. Many customers who may have needed FX for their transactions stayed back to enjoy the work-free day, easing off

In 2023, there are over 500 binary options brokers worldwide, each with its unique offerings and trading platforms. Many people, especially beginners, wonder how to choose the best one. Traders Union (TU) experts have conducted a thorough analysis to help traders make the right choice, excluding unreliable brokers. The result is the Top 5 Best Binary Brokers for 2023, all licensed, offering a wide range of trading options, and ensuring favorable conditions for traders. This list aims to save time and protect traders from potential scams. Top binary options platforms Traders Union analysts regularly update the binary options trading platform

By Adedapo Adesanya The cryptocurrency market witnessed an uptick on Wednesday, with Bitcoin (BTC) managing to stay above the $26,000 level even as the US Dollar index rose to a new year-to-date high. Data obtained by Business Post showed that the most valued crypto, BTC, posted a 0.7 per cent appreciation during the midweek session to trade at $26,408.37 in the last 24 hours. On the part of the second-most valued digital coin, Ethereum (ETH), it remained in the $1,600 mark and it improved its value yesterday by 1.6 per cent to sell at $1,610.94. At the trading session, the US

By Dipo Olowookere Three jetties and port facilities have been closed by the Nigerian Maritime Administration and Safety Agency (NIMASA) for non-compliance with the International Ship and Port Facility Security (ISPS) Code in Nigeria. The facilities are Heyden Petroleum Jetty Ijora Lagos; Waziri Jetty, Dockyard Road Apapa Lagos and Starz Marine Shipyard Limited Onne in Rivers State. According to NIMASA, these facilities have persistently failed to comply with the ISPS code necessitating their closure in order to forestall a situation where security breaches in such facilities will negatively impact the compliant ones. The agency said it had to take this

Residents of Nigeria can obtain a residence permit in Portugal through a significant investment in several ways. It can be a real estate purchase, a capital transfer, or the creation of jobs. Portugal Golden Visa for Nigerians is available to candidates who meet the following requirements: the minimum age is 18 years old; no criminal record; investment of the required amount; spend at least seven days in the region in the first year. It is possible to implement Portugal golden visa for Nigerian citizens in several ways. The candidate chooses one method of naturalization that is suitable for him: purchase

By Dipo Olowookere An investigation has been ordered into the failure of a firm based in Abuja to remit N2 billion proceeds to the FCT treasury. The company, Abuja Investment Company Limited (AICL), was accused of not paying over N2 billion accrued as proceeds from about 13 investment firms it has interest in over the years to the FCT, its parent body. A member of the House of Representatives, Mr Nkole Ndukwe, said on Wednesday that AICL is a world class investment firm with diversified subsidiaries and affiliates, having about $100 million under its management. He noted that the company

By Adedapo Adesanya  Brent crude futures fell below $60 on Friday, posing a threat to Nigeria’s 2020 budget, which put oil benchmark at $60 per barrel, as the spread of the coronavirus in China continues to affect demand due to restrictions placed on travel. The bearish performance for the Brent crude continued as it further dropped 2.14 percent equivalent to $1.31 to trade at $59.97 per barrel on Friday night at the global market. Also, the US West Texas Intermediate (WTI) crude further moved down by 2.32 percent or $1.29 to trade at $54.30 per barrel. This performance was the

By Jerome-Mario Chijioke Utomi There are recorded events in the recent past that have proved beyond a reasonable doubt that the nation Nigeria may not need gunboats to solve its problems, particularly in the oil-rich Niger Delta region, notorious for crude oil theft and pipeline vandalism. Essentially, evidence has emerged and points to the fact that what the nation needs is sincere and selfless leadership, a politically and economically restructured polity brought by the national consciousness that can unleash the social, economic and political transformation of the country via sustainable public-private sectors partnership while rejecting the present socio-economic system that

By Modupe Gbadeyanka Lawmakers of the Lagos State House of Assembly have taken a big step to remove Governor Akinwunmi Ambode from office. The legislative arm of government in the state is accusing the head of the executive arm of gross misconduct. At the plenary today, the parliament claimed Mr Ambode has not been carrying out his duties as stipulated by the laws of the land. As a result, they are moving to impeach him from the exalted position. Mr Ambode incurred the wrath of his ruling All Progressives Congress (APC) when he initially resisted moves by his party to

By Modupe Gbadeyanka Subscriptions for the November 2018 offering of the Federal Government of Nigeria (FGN) Savings Bond have been opened. The exercise is being conducted by the Debt Management Officer (DMO) on behalf of the Nigerian government. The bond subscription period, according to the debt office, will run from Monday, November 5 to 12 noon of Friday, November 9, 2018, with the settlement date fixed for Wednesday, November 14, 2018. The debt office is offering two tenors; 2-year FGN Savings Bond due November 14, 2020 at 12.390 percent per annum and 3-year FGN Savings Bond due November 14, 2021

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