Nigeria Lists New 25-Year Bond on Stock Exchange

By Dipo Olowookere The last trading day of November 2023 on the floor of the Nigerian Exchange (NGX) Limited ended on a bullish note by 0.11 per cent on Thursday. Mild bargain-hunting in industrial goods equities like Lafarge Africa, supported by Airtel Africa, GTCO and other financial stocks left the market in the green territory at the close of business. Consequently, the All-Share Index (ASI) increased by 81.91 points to settle at 71,365.25 points compared with the preceding day’s 71,283.34 points, and the market capitalisation grew by N44 billion to N39.052 trillion from N39.008 trillion. Business Post reports that the

By Adedapo Adesanya Crude oil prices fell on Thursday members of the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) agreed to voluntary output cuts for the first quarter of next year, falling short of market expectations. As a result, Brent crude futures lost 27 cents or 0.3 per cent to close at $82.83 per barrel, and the US West Texas Intermediate (WTI) crude futures went down by $1.90 or 2.4 per cent to $75.96 a barrel. On a monthly basis, Brent fell by 5.2 per cent while WTI was down by 6.2 per cent. Saudi Arabia, Russia

By Adedapo Adesanya  Oil prices rose by more than $1 a barrel on Wednesday as investors focused their attention on an upcoming OPEC+ output policy meeting and looked past a jump in crude stockpiles in the United States. Brent crude futures were up by $1.01 or 1.2 per cent to $82.69 per barrel, and the US West Texas Intermediate (WTI) crude futures gained $1.16 or 1.5 per cent to close at $77.57 a barrel. Prices were lifted by a media report that the Organisation of the Petroleum Exporting Countries and allies such as Russia, known collectively as OPEC+, was considering

Dipo Olowookere Nigerians have again been advised to exercise maximum caution in the adoption of crypto-currencies as their preferred mode of financial transactions. Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Mr Umaru Ibrahim, gave this warning when he led the agency to Speaker of the House of Representatives, Mr Femi Gbajabiamila, in his office at the National Assembly Complex, in Abuja last week. He warned that while various forms of digital currencies currently in operation have their positive and negative attributes, those who patronize them risk losing their savings because the medium was largely

By Aduragbemi Omiyale Encomiums have been showered on the Association of Securities Dealing Houses (ASHON) by the Nigerian Exchange (NGX) Limited for enhancing ethical conduct and professionalism in the capital market. The Chairman of NGX Limited, Mr Abubakar Mahmoud, while speaking at the closing gong ceremony on Monday in Lagos to commemorate the return of members of the ASHON to the trading floor of the exchange, commended the strategic role the group played in providing professional guidance and enforcing ethical standards to guide the stockbroker community. Represented by a director on the board of NGX, Mr Kamarudeen Oladosu, the Chairman

By Aduragbemi Omiyale On Wednesday, April 19, 2023, capital market stakeholders will be expected to recommend strategies to be adopted by regulators for a robust Exchange Traded Funds (ETFs) market. The ETFs ecosystem in Africa, and in Nigeria in particular, has been largely untapped, with investors struggling to understand how to explore the opportunities in it. But next Wednesday, the Nigerian Exchange (NGX) Limited will organise a workshop to address the major challenges and opportunities in the space. Interested participants can register through this link http://bit.ly/ngx-etfs-forum. The NGX ETFs Conference themed ETFs in the Nigerian Capital Market: Opportunities and Challenges

By Aduragbemi Omiyale The chief executive of Zenith Bank Plc, Mr Ebenezer Onyeagwu, has added another feather to his highly colourful cap as he was conferred with a doctorate degree over the weekend by the University of Nigeria, Nsukka (UNN). It was gathered that the respected and brilliant banker was conferred with a doctorate degree in Business Administration in recognition of his immense achievements as the head of the tier-1 Nigerian lender and his contributions to the growth of the financial services sector in Nigeria and across the African continent. At the 50th convocation ceremony of the school on Saturday,

By Dipo Olowookere A Magistrate Court sitting in Ogba, Lagos State has sentenced popular Nollywood actress, Funke Akindele, and her husband, Mr Abdul Rasheed Bello, otherwise known as JJC Skillz, for violating the lockdown declared in the state by the Federal Government. The screen goddess and her hubby were sentenced to 14 days community service after pleading guilty to the charge read to them. In addition, the the couple was told by the court to pay a fine of N100,000 each and would be put in isolation for two weeks at a place to be determined by the Lagos State

By Adedapo Adesanya As the United Kingdom continues to wean itself off the European Union, the government on Friday launched a new scholarship programme for schools, colleges, and universities to replace the bloc’s Erasmus+ scheme as part of post-Brexit arrangements. Named after English mathematician and World War II hero, Alan Turing, the £110 million ($153 million) programme will fund 35,000 global exchanges from September, including university study, school exchanges, and industry work placements. Speaking on the initiative, the British Prime Minister, Mr Boris Johnson, said, “The Turing Scheme is a truly global programme with every country in the world eligible

By Nneka Okumazie Sometimes, the expectation of material perfection is the disappointment some have about RCCG Parishes in certain locations. Sometimes too, some seem to find no connection to the physical needs of life and the presence of church in places – of scary poverty. The presence of parishes in different forms and shapes are for service, impact, choice and convenience not just church for the purpose of data. There’s a public perception of genuine Christianity that also affects how the church is judged. There are things misunderstood, misinterpreted, assumed and fabricated that many carry along, in hate and bitterness

By Kenneth Horsfall To begin with, what is storytelling generally? According to wikipedia.org, storytelling is the social and cultural activity of sharing stories, sometimes with improvisation, theatrics or embellishment. Every culture has its own stories or narratives, which are shared as a means of entertainment, education, cultural preservation or instilling moral values. Crucial elements of stories and storytelling include plot, characters and narrative point of view. The term “storytelling” can refer specifically to oral storytelling but also broadly to techniques used in other media to unfold or disclose the narrative of a story. Storytelling is one of the oldest yet most powerful communication tools we have as humans. Stories help us to share,