New Tax Regime Aims to Protect Local Manufacturers of Tobacco, Alcohol–FG

In the fast-paced world of Forex trading, having the right tools is crucial. Traders Union (TU) experts are here to guide you through Forex trading in 2023, focusing on the MetaTrader 5 (MT5) platform. They will discuss the top MT5 indicators, and different indicator types, and compare MT5 Forex Brokers. Additionally, they will explore the pros and cons of the MT5 platform. With this information, you will be well-prepared to excel in Forex trading. Meaning of Forex indicators Forex trading is complex, and success depends on many factors, with Forex indicators being a key one. TU’s analysts emphasized the importance

By Adedapo Adesanya Foreign trading and investment firm, Risevest, has acquired Chaka, a digital trading platform. According to Techcabal, which first broke the news, the deal, which was for an undisclosed sum, will see both entities operate as different products, though the capitalisation table of the acquiree will be updated in due course. Speaking on this, Mr Tosin Osinbodu, Chaka’s founder, said, “I’m excited about how Chaka’s product will evolve and how we’re going to learn from the Risevest team.” “With booming growth in many nations around the world, investors can now own a stake in the growth of other

By Adedapo Adesanya The new leadership of the Central Bank of Nigeria (CBN) signalled no confidence to traders and investors as the Naira was further dealt a heavy blow at the Investors and Exporters (I&E) and the Peer-to-Peer (P2P) arms of the foreign exchange (FX) market on Monday, September 25, though it maintained stability against the United States Dollar in the parallel market. In the official market, the Naira lost 3.41 per cent or N25.49 against the greenback to finish at N773.25/$1 compared with last Friday’s closing rate of N747.76/$1, as the value of forex transactions went down by 58.3

By Dipo Olowookere In order to make the private sector more involved in the provision of federal road infrastructure across the country, a tax relief scheme has been approved by the Federal Executive Council (FEC). At its meeting held on Thursday in Abuja and presided over by President Muhammadu Buhari, the council said this initiative will allow private firms operating in the country collectively fund road provision in exchange for tax credits, while will complement Federal Government’s budgetary allocation to roads. Addressing newsmen after the meeting, Minister of Finance, Mrs Kemi Adeosun, noted that the approval of the tax relief

By Modupe Gbadeyanka The National Board for Technical Education (NBTE) has approved the reaccreditation of 11 courses for the Polytechnic Ibadan, fondly called Poly Ibadan, Oyo State. The reaccredited courses were Civil Engineering, Building Technology, Insurance, Marketing, Purchasing and Supply, Mass Communication, Local Government Studies, Business Administration and Supply, Geological Technology, Mechatronics, and Library and Information Science. In addition, the board, which regulates polytechnic education in Nigeria, granted approval to the polytechnic’s annexes for a few outstanding courses. Speaking on Thursday at the 2020/2021 orientation program for fresh students of the institution, the Commissioner for Information, Culture and Tourism in

By Adedapo Adesanya The first trading week for the year 2022 at the NASD Over-the-Counter (OTC) Securities Exchange ended in bullish territory as investors gained N2.69 billion at the close of business. This growth increased the market capitalisation of the bourse to N631.27 billion from the N629.03 billion achieved at the final trading week of 2021. Data from the OTC exchange revealed that in the four-day trading week, the NASD Security Index (NSI) grew by 0.43 per cent or 3.18 points to 746.03 points from 742.85 points. Business Post reports that last week’s positive outcome was inspired by Central Securities

By Adedapo Adesanya The National Identity Management Commission (NIMC) has confirmed that the National Identification Number (NIN) Verification Service (NVS) portal has been fully restored. This was contained in a statement signed by the Head of Corporate Communications of NIMC, Mr Kayode Adegoke, on Saturday in Abuja. He said the NIN verification portal, which went down a few days ago, was due to maintenance by one of the commission’s network service providers of its infrastructure. “Customers and service providers can now take full advantage of the two verification platforms – Tokenisation and NVS – which are both effective for verification

By Adedapo Adesanya There was a 5.1 per cent increase in the number of international transfers in men’s professional football as a total of 18,068 players switched clubs in 2021, signalling a return to the levels of 2019 despite the ongoing COVID-19 pandemic. This was contained in the Global Transfer Report 2021 published by the Federation of International Football Association (FIFA), which charts the transfers of men’s and women’s players in both professional and amateur football. No fewer than 54,739 transfers across borders were recorded in 2021 out of which 19,372 involved professionals (men and women) while another 35,367 involved

By Adedapo Adesanya European football enthusiasts will witness the re-enactment of last year’s Union of the European Football Association (UEFA) Champions League final at this year’s competition as defending champions, Bayern Munich face finalists, Paris Saint-Germain in the quarter-final following a draw held today in Nyon, Switzerland. In another round of an expected thriller, fans will also see the two finalists in 2018 slug it out as Real Madrid welcome Liverpool, who went on to win the competition in 2019. Madrid triumphed 3-1 in the encounter in Kyiv in 2018. Karim Benzema’s opening goal was cancelled out by Sadio Mané,

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange depreciated by 1.89 per cent on Tuesday, August 2 as a negative price movement from FrieslandCampina WAMCO Nigeria Plc drove the bourse into the red territory. After the market closed flat on Monday, the milk producer closed the Tuesday session with a loss of N10 to settle at N94.50 per share compared with the previous day’s N104.50 per share. This depleted the value of the NASD OTC exchange by N19.63 billion to close at N1.011 trillion compared with the previous day’s N1.031 trillion as the NASD Unlisted Securities Index (NSI) shed 14.91

By Dipo Olowookere The payment of 7 kobo per ordinary share final dividend has been proposed by the board of Transcorp Hotels Plc for the year ended December 31, 2019. According to the hospitality firm, this cash reward would be paid electronically to shareholders on Thursday, March 26, 2020 after their approval at the company’s Annual General Meeting (AGM) on Tuesday, March 24, 2020 at Transcorp Hilton Hotel, Abuja. The company further said the money would be paid to shareholders whose names appear on the register of members as at Thursday, March 12, 2020 and who have completed the e-dividend