Nigeria Exports N29b Worth of Agric Products in Q1 2018

By Adedapo Adesanya The duo of NASD Plc and Aradel Holdings Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.04 per cent on Thursday, September 21. The two price losers overpowered the sole price gainer, Central Securities Clearing Systems (CSCS) Plc, to drag down the NASD Unlisted Securities Index (NSI) by 0.34 points to 805.95 points from the 806.29 points it ended in the previous day, while the total value of the unlisted stock market was relatively flat at N1.139 trillion. At the trading day, NASD Plc shed N1.15 to end the session at N11.50 per unit versus the

A recent report from TU experts offers deep insights into Nigeria’s Forex trading scene, with a special focus on the importance of the New York session Forex time. In the first quarter of 2023, the US Forex Market witnessed a surge in daily volume, reaching $966.7 billion. The growth is an impressive 27% jump from past years, further solidifying the global Forex market’s role as a bustling currency trading center. With the FX market in operation 24 hours a day, transactions worth billions of dollars are made. Building on this global trend, Nigeria, with its robust economy boasting an annual

By Adedapo Adesanya The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that Nigeria saw a 65.7 per cent or N76.77 billion increase in earnings from the solid minerals sector in 2021 to N193.59 billion from the N116.82 billion achieved in 2020. This upward trajectory has been on for the past five years, according to a report from the agency. The Executive Secretary of NEITI, Mr Orji Ogbonnaya Orji, however, lamented that this is still abysmal considering the potential of the sector to the Nigerian economy. He said this while presenting the solid minerals sector report in Abuja, noting that

By Dipo Olowookere Some highly placed employees of Fidelity Bank Plc and Stanbic IBTC Holdings have been prohibited from trading the shares of the respective companies from Tuesday, December 1, 2020. Those affected include directors, senior management staff and their connected persons with vital information about the company, especially its financials. This is to prevent them from using their positions and access to information about the books to take trade decisions they would not have made if they were not in the same position. Last week, the board of Stanbic IBTC Holdings said it was starting its closed period from

By Modupe Gbadeyanka A customer of Domino’s Pizza Nigeria, Mr Faruk Manzo from Abuja, will be in Cameroun for the final of the 2021 Africa Cup of Nations (AFCON) taking place on Sunday, February 6, 2022. Mr Manzo emerged as the overall winner of the Domino’s Soccer League competition put in place to reward loyal customers of the company. Domino’s Pizza Nigeria is the leading pizza chain globally and a franchisee of Eat’N’Go. The firm organised the contest to give an all-expense-paid trip to the winner for the highest African football competition, which started January 9, 2022. At the final

By Modupe Gbadeyanka The Nigerian National Petroleum Corporation (NNPC) has explained why it owes about N23.4 billion in respect of Nigerian Export Supervision Scheme (NESS) fees chargeable on crude oil and gas exports since 2008. NESS fees are payments due to Pre-shipment Inspection Agents and Monitoring and Evaluation Agents in respect of their supervision of crude oil and gas exports, culminating in generation of Clean Certificate of Inspections (CCI) to an exporter as permit to execute action. As usual, at the end of each reconciliation, agreed NESS fees payable are signed off by stakeholders. Speaking in Abuja on Monday February

By Dipo Olowookere On Wednesday, May 22, 2019, the Nigerian government will conduct an auction exercise for the sale of bonds worth N100 billion. This exercise will be carried out by the Debt Management Office (DMO) on behalf of the federal government of Nigeria. During the bond sale, the debt office will offer three maturities; 5-year, 10-year and 30-year, all re-opening, with the settlement date fixed for May 24, 2019. In a circular on Tuesday, the DMO said it would offer N35 billion of the 5-year note at 12.75 percent, another N35 billion of the 10-year bond at 14.55 percent

By Dipo Olowookere A local financial technology (fintech) company, Kudimoney, has obtained a microfinance digital banking licence from the Central Bank of Nigeria (CBN). In preparation to the launch of its full digital no-fee bank, the company has changed its name to Kuda Microfinance Bank. With this, the fintech firm can offer current accounts as well as debit cards – something it is already doing with a small group of alpha users. Founders of the company, Babs Ogundeyi and Musty Omotosho, explained that Kuda will offer frustrated consumers a more mobile, modern approach to traditional banking. Unlike traditional banks, Kuda

By Modupe Gbadeyanka In a bid to reposition the State Government for better performance, Rivers State Governor, Mr Nyesom Ezenwo Wike on Wednesday swore in 14 Commissioners. The Governor also swore in a new permanent secretary, Mrs Ibiware Ogolo. Performing the swearing-in, Mr Wike charged the commissioners to exhibit 100 percent loyalty. “We demand 100 percent loyalty. This work deserves total commitment. When you have the opportunity to serve the state, it is a rare privilege. Therefore, you have to be committed to service. “We are rebuilding the state because a lot went wrong during the immediate past administration of

By Adedapo Adesanya The Governor of Kwara State, Mr Abdulrahman Abdulrazaq, has emerged as the new Chairman of the Nigeria Governors Forum (NGF). He will replace the Governor of Sokoto State, Mr Aminu Waziri Tambuwal, whose tenure of office will elapse on May 29, 2023. This was contained in a communiqué signed by Mr Tambuwal at the end of the 7th emergency meeting of the state governors held on Tuesday night in Abuja. It was gathered that Governor Abdulrazaq emerged through consensus, while the Governor of Oyo State, Mr Seyi Makinde, was chosen as vice chairman of the forum. “On

By Modupe Gbadeyanka Wema Bank Plc has partnered with Health Connect to provide quality and affordable healthcare services to its customers. A statement from the bank said customers would have access to first-level medical services 24 hours a day, 7 days a week. The Wema Health Connect allows subscribers to have access to a doctor for unlimited medical consultation by calling the toll-free number, access to affordable healthcare at a click of the button, honest and ethical medical advice based on evidence on smartphone and non-smartphone devices, prenatal and postnatal wellness and wellness lectures and workshop. Among other things, the