Nigerian Equity Market Ends Week Positive, Adds 0.04%

By Dipo Olowookere Profit-taking persisted at the Nigerian Exchange (NGX) Limited on Thursday, with Customs Street going down by 0.31 per cent on its return from a midweek break. The market closed its doors to traders on Wednesday due to the public holiday declared by the federal government to mark Eid-el Maulud, the birthday of Prophet Mohammed. Business Post reports that market participants did not take their minds off the pressing issues affecting the Nigerian economy, especially rising inflation, energy costs and the foreign exchange (FX) crisis. As a result, they liquidated their shares, leading to a negative market breadth

For maritime businesses, the stakes are high, and the seas can be unpredictable. Whether you own a shipping fleet, operate a fishing company, or oversee marine logistics, safeguarding your assets with the right marine insurance is prudent. It’s also essential for the sustainability of your enterprise. Here are some tips for how to find the best marine insurance provider. By following these strategic steps, you can ensure your business remains afloat, even in the face of unforeseen challenges. 1. Assess Your Maritime Needs The first crucial step towards securing the ideal marine insurance provider is a comprehensive assessment of your

By Dipo Olowookere No fewer than 15 Nigerian Small and Medium-sized Businesses (SMBs) will share the N75 million set aside by a tech giant, Google, in the 2023 edition of Hustle Academy Fund. The initiative was introduced in 2022 to provide equity-free funds to small business owners to scale up their operations and support entrepreneurial growth in Nigeria. Entries for the exercise opened on Thursday, September 28 and will close on Thursday, October 12, 2023, and to be eligible, businesses must be Nigerian-founded, operating within Nigeria for 1-5 years, and have a clear and scalable business plan. They should have

Traders Union (TU) recently took an interest in ChatGPT, a chatbot by OpenAI. Think of ChatGPT as a super-smart robot friend who loves to chat about almost anything! It’s famous for giving detailed answers to loads of questions. But, like every friend, it might get things wrong sometimes. There’s a free version everyone can chat with, and a fancier version called ChatGPT Plus for those who want more. Some even call it the “ChatGPT trading bot” because of its extensive knowledge about trading. ChatGPT’s trading capabilities Without a doubt, ChatGPT has carved a niche for itself in the automated trading

By Modupe Gbadeyanka The Securities and Exchange Commission (SEC) has disclosed that it would hold the Capital Market Committee (CMC) meeting on Tuesday, May 9, 2017. In a statement issued by the capital market regulator, it said members of the CMC and other relevant stakeholders are expected to be in attendance. This would be the first CMC meeting the market regulator is organising in 2017. The event is expected to take place at the Federal Palace Hotel, Victoria Island, Lagos by 10am prompt. SEC said attendance is strictly by invitation and admission into the venue will be upon presentation of

By Dipo Olowookere About 120 new 5KVA generating sets were on Monday handed over to all police formations in Lagos State by Governor Akinwunmi Ambode. Mr Ambode, while handing over the generating sets to the Commissioner of Police, Mr Imohimi Edgal, reiterated his administration’s commitment to ensure the enforcement of rule of law and safety of lives and property in the state, just as he said that his vision was for the state to be among the safest places to live and work in Africa. He further pledged to continue to support security agencies in the state to ensure optimal

By Ashemiriogwa Emmanuel Three new categories have been added to the existing 37 award categories of the All African Music Awards (AFRIMA) for the 2021 edition as the submission of entries is set to close on Friday, August 20, 2021. Approved by the International Committee of AFRIMA and The AFRIMA International Jury, the three new categories include Best Soundtrack in a movie/series/documentary film, Best Global Sound, and Breakout Artiste of the Year. The added award titles were selected to recognize, reward and celebrate music works in all aspects, including their application in the movie industry. Announcing the development, Mrs Hadja

By Ohore Emmanuel Since the inception of the Nigerian democracy in 1999, the educational sector has gone on strike more than 16 times. The back and forth between the Academic Staff Union of Universities (ASUU), the umbrella body of the teaching staff of Nigerian public universities and the Nigerian government has been an unsettled fight but at the end of the day, it is the Nigerian students that suffer for it. Could we say that the same political actors that enjoyed free education are now the ones deliberately punishing the Nigerian student? Is it safe to admit that it is

By Modupe Gbadeyanka Osun State has concluded plans to host an international agricultural exhibition and conference scheduled to hold in the first quarter of 2017. The programme is a collaboration between the government of Osun State and Fesco Agalu Nigeria Limited with support from the Federal Ministry of Agriculture and Rural Development. Themed ‘Agritech Nigeria Osogbo 2017’, the event is expected to be attended by experts in the agricultural sector. Director of Logistics of Fesco Agalu, Mrs Doris Adesanlu, disclosed that the exhibition will be another landmark in Osun State. She said an Israeli company named Kenes Exhibition, a leading

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has announced its intention to hold its Monetary Policy Committee (MPC) meeting on Monday, November 20, 2017. The meeting, which would be the 259th edition, will take place at the MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja. It will hold for two days and will have in attendance members of the committee. According to a statement issued by the apex bank today, the MPC meeting will take place on Monday, November 20, 2017 by 10am and on Tuesday, November 21, 2017 by 8am. During the meeting, members

The 2023/24 club football season promises to produce another ten months of thrilling football action around Europe. The top football players and coaches will entertain the fans with their techniques, skills, and tactical acumen in their pursuit of silverware across different competitions. The new season rave will see football fans eager to watch all the action and share in the joy of victory of their favourite clubs. As we usher in the new football season, here are some interesting facts to know before the action starts: Full-blown football fest on DStv and GOtv: MultiChoice is making the season a special

By Adedapo Adesanya The Federation of International Football Association (FIFA) has announced that semi-automated offside technology will be used at the FIFA World Cup 2022 in Qatar. The new technology will offer a support tool for the video match officials and the on-field officials to help them make faster, more accurate and more reproducible offside decisions on the biggest stage of all. Following the successful use of VAR technology at the 2018 FIFA World Cup in Russia, FIFA President, Mr Gianni Infantino, declared in The Vision 2020-23 that FIFA would strive to harness the full potential of technology in football