NGX Targets Gender-themed Sustainable Financing Mechanisms

By Bliss Okperan, Adedapo Adesanya  The cost of cooking a pot of jollof rice, one of the most consumed foods daily in Nigeria, has surged by 37.4 per cent, according to research carried out by Business Post. Using market data and the most recent food price watch by the National Bureau of Statistics (NBS), major food items in making the delicacy, including rice, groundnut oil, tomatoes, and onions, among others have recorded a massive increase within the past year, making it hard for the average Nigerian to survive. According to NBS, 1 kilogram of Rice cost N757.06 in 2023 as

By Dipo Olowookere The Nigerian Exchange (NGX) Limited posted a 0.25 per cent growth at the close of trading activities on Friday, influenced by persistent bargain-hunting. Business Post reports that the market breadth index was positive yesterday after 33 stocks closed on the gainers’ chart and 21 equities ended on the losers’ table, indicating a strong investor. Secure Electronic Technology was the best-performing stock for the trading session as its value rose by 10.00 per cent to 55 Kobo, followed by MeCure, which gained 9.90 per cent to close at N9.21, Neimeth appreciated by 9.85 per cent to N2.23, Multiverse

By Adedapo Adesanya The federal government has set plans in motion to raise $200 million from philanthropic individuals and organisations as part of efforts to create jobs and support Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. Nigeria is home to over 36.9 million MSMEs, comprising 96.7 per cent of all businesses in Nigeria. According to data, 67 per cent of these businesses are youth-owned. MSMEs contribute over 45 per cent to the country’s gross domestic product (GDP), with 98.8 per cent of them in the micro cadre. They account for nearly 90 per cent of the jobs in the

By Adedapo Adesanya Prices of crude oil closed higher on Friday as the market’s attention turned to next week’s meeting of the Organisation of the Petroleum Exporting Countries and allies (OPEC+) and dimming expectations that the producer group will imminently boost supply. The news that OPEC+’s meeting next week (August 3) would likely end with no significant production target increase bolstered prices to a significant degree, pushing the Brent higher by $2.87 or 2.68 per cent to $110.00 per barrel as the United States West Texas Intermediate (WTI) crude gained $2.20 or 2.28 per cent to sell at $98.62 per

By Adedapo Adesanya About 500 young Nigerians will through an initiative established by Workbarn Consulting, a human resources and management consulting firm, benefit and understand how to secure good jobs and excel on the jobs in 2020. Through a Corporate Social Responsibility (CSR) tagged CareerBanters With Ifeadi, the initiative will involve Ifeadi Anigbogu, a human resources, advocacy and management professional, coach and guide individuals on how to align their career goals for professional success. The premier edition of the initiative was held recently at the Oriental Hotel, Victoria Island, Lagos where CareerBanters With Ifeadi played host to over 30 young

By Nneka Okumazie There is always something to blame on Christianity, historic or contemporary. People often have a lot to say on how the faith went wrong or was applied with bias, etc. But what stage of the ladder of Christianity is to blame, from nominal to truly, genuine submission? Yes, accepting Christ is the beginning of true Christianity, but some accept in name only – without the heart. In this fake set, actions and doings abound that may seem representative of Christianity but unaligned with the scriptures. There are lots of resources about the end of the Roman Empire

By Dipo Olowookere The Nigerian Exchange (NGX) Limited further appreciated by 1.07 per cent on Thursday on the back of buying pressure on Dangote Cement, MRS Oil, Unity Bank and others. MRS Oil topped the gainers’ chart yesterday with an appreciation of 9.83 per cent to N12.85, Courteville grew by 8.70 per cent to 50 Kobo, Unity Bank improved by 8.33 per cent to 52 Kobo, Dangote Cement expanded by 7.77 per cent to N238.50, and Mutual Benefits increased by 3.70 per cent to 28 Kobo. Conversely, Julius Berger ended the session on top of the losers’ table after its

By Dipo Olowookere The board of directors of Unilever Nigeria Plc  has announced that the N2.9 billion approved for payment of dividend to shareholders of the company would be paid on Friday, May 11, 2018. The board had last month proposed the payment of 50 kobo gross per share as dividend for the year ended December 31, 2017. This was when the leading Dutch transnational consumer goods company released its 2017 financial figures. In a statement issued yesterday, the board said it would pay the dividend if approved by shareholders at this year’s Annual General Meeting (AGM). However, the company

By Modupe Gbadeyanka Tuesday, August 15, 2017 has been fixed by the Securities and Exchange Commission (SEC) for its second Capital Market Committee (CMC) meeting in the year. The capital market regulator, in a statement issued on Friday, June 16, 2017, stated that the meeting will hold at the Federal Palace Hotel, Victoria Island, Lagos by 10am. Accordingly, members of the committee have been urged to put the date in their diaries and ensure to be available. However, SEC warned that admission into the venue would be upon presentation of the CMC Identity Card and strictly by invitation. Meanwhile, Wednesday,

By Adedapo Adesanya The Federal Inland Revenue Service (FIRS) has announced the introduction of Self-Service Stations in all offices in the country to enable efficient service delivery for its IT tax solutions, including the TaxPro Max. This was disclosed in a statement by the FIRS on Thursday, February 10, 2021. The agency added the self-service options will come with a designated officer to assist taxpayers. The tax regulator stated that the introduction of the Self Service Stations in all of the FIRS tax offices nationwide is to support taxpayers in utilizing the TaxPro Max solution. To enhance voluntary tax compliance,

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries and its allies known as OEPC+ achieved 97 per cent compliance with the production cuts obligations in July. In April 2020, the group signed a two-year production output restraint deal to be executed in stages. The agreement became effective from May 1, 2020. The group had a target to remove 9.7 million barrels per day of production last month, largely from an October 2018 baseline. With this, the coalition will now strive to lower production by 7.7 million barrels per day from that same base in the August-December period. Countries