Nigeria May Push Tobacco Tax to 50% to Control Smoking

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 Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the alarm over alleged secret reintroduction of fuel subsidy payments by the federal government. In late May, after taking the oath of office, President Bola Tinubu announced the total removal of subsidy on petrol, which saw prices jump to over N600. The removal of fuel subsidy and the resulting increment in the pump of petrol by almost 300 per cent had quadrupled the inflation rate in the country and affected the purchasing power of Nigerians, especially the middle class and low-income earners. It was expected that as

By Aduragbemi Omiyale A new Code of Conduct for Approved Persons of Trading License Holders, otherwise known as stockbrokers, has been introduced by the Nigerian Exchange (NGX) Regulation Limited (NGX RegCo). It was disclosed that the ethical guideline was designed to ensure professionals dealing with the trading of shares at NGX Limited follow high standards. Furthermore, it highlights the expected standards and values that Approved Persons must display at all times when conducting their businesses at all times. The idea of the code of conduct for stockbrokers, according to the regulator, is to deepen the market and foster professionalism, integrity,

By Kester Kenn Klomegah For decades, Russia has been looking for effective ways to promote multifaceted ties and new strategies for cooperation in economic areas in Africa. Now, Kremlin will hold the first Russia-Africa Summit in Sochi on October 23-24 with high hopes of enhancing multifaceted ties, trying to reshape the existing relationship and significantly roll out ways to increase effectiveness of cooperation between Russia and Africa. Experts have strongly suggested that it is also necessary to review the rules and regulations especially on trade as a step towards changing the situation about Russia’s presence in Africa and Africa’s presence

Willing to determine the best method to find a location? Many are available in the market for this fragile work today. Some simple applications are required, trustworthy, and have top facilities. It is a tricky task to find such an application. But we have got you covered and will present before you an application that is authentic to be used, and you can use it to find someone’s location by a cell phone number. Safespy Safespy is a versatile phone spying application about which we will discuss today. It has a variety of features that users can use to fulfill

By Adedapo Adesanya Manchester United goalkeeper, David De Gea, has become the first shot-stopper to win the EA SPORTS Player of the Month award for January 2022. The Spaniard becomes the first goalkeeper to win the monthly prize since February 2016, when Southampton’s Fraser Forster claimed it. De Gea made an incredible 22 saves across Manchester United’s four matches in January, producing five in the  1-0 defeat by Wolverhampton Wanderers, seven in a 2-2 draw with Aston Villa and then a further eight to inspire a 3-1 win at Brentford. He also went on to keep a clean sheet in

By Dipo Olowookere Every country desire to make its economy grow bigger and better and founder of Loatsad Promomedia and Noella Foundation, Mr Seyi Tinubu, has revealed the best way to achieve this. Speaking during an interview at the launch of Noella Foundation, an initiative birthed by himself and his wife, Mr Tinubu stressed that greater economic growth can be achieved by giving back to the community through various programs and initiatives. When asked for the motive behind the programs and initiatives he was embarking upon, he responded that, “I think we are in an era like no other where

By Roger A. Agana Scottish firm, Hydrasun, over the week, signed a Network Partner Agreement with Rigworld International Services Limited, a wholly Ghanaian owned company in the oil and gas sector. The agreement was reached with the local company when the Scottish Development International Trade Mission paid a working visit to Ghana. Vice President for International Business Development at Hydrasun, Red Fraser, observed his company decided to enter into such a partnership to grow their international presence. “Hydrasun’s Network Partner initiative was introduced to grow our international presence and to offer our customers a local service in the oil and

By Adedapo Adesanya Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its proposed Know-Your-Customer (KYC) social media policy. The suit filed on behalf of SERAP by its lawyers, Mr Kolawole Oluwadare and Ms Blessing Ogwuche, said “the failure to delete the patently unlawful provisions in the Central Bank of Nigeria (Customer Due Diligence) Regulations directing banks to obtain information on customers’ social media handles for the purpose of identification.” The CBN had last month issued a circular mandating banks and other financial institutions to implement and comply with the mandatory

By Adeniyi Ogunfowoke You have been thinking about launching your own business enterprise but the fear of the unknown grips you that you keep postponing it. You know that procrastinating about starting something can lead to regret later. If you are in this position, it is time to stop thinking and kick off your entrepreneurial journey. Jumia Travel, the leading online travel agency shares ways you can quickly start your own business. Simply start Yes, you do not have money to start a business. That is a major entrepreneurial problem that cannot be overcome. There will always be financial scarcity.

By Modupe Gbadeyanka There are strong expectations that the Central Bank of Nigeria (CBN) will likely lift stop rates of treasury bills this week to further slowdown foreign portfolio outflows. This Wednesday, the apex bank will auction the debt instruments worth N150.60 billion via the primary market. During the exercise, the central bank will offer N22.73 billion worth of the 91-day bills, N24.80 billion worth of the 182-day bills, and N10.07 billion worth of the 364-day bills. The next day after the primary market auction, treasury bills worth N594.36 billion will mature via the primary and secondary markets. As a