Nigerian Equity Market Maintains Upward Movement

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

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 Bliss Okperan A lady who reviewed a product of Erisco Foods Limited, Nagiko Tomato Mix, Mrs Chioma Egodi, has threatened to demand the sum of N500 million from the chief executive of the company, Mr Eric Umeofia, for violating her fundamental human rights. Mrs Egodi said she purchased the product at the market with the intention of using it to cook stew for her family. However, when she tasted it, according to her, it tasted too much sugar, prompting her to post about it on Facebook. It was reported that Erisco was not happy with the negative review. She

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

Like any other art form, forex is an art that requires mastery. “Master Forex”. I’m almost certain I have never heard these two words put together before. I mean, is this even a thing? One can attain mastery in a thing like…like forex trading? Hold that thought while I tell you a quick story. Picasso is casually sitting in a park. A woman, recognizing him, walks up to him and begs for a portrait of herself. Picasso is in a good mood so he agrees. In a few really short minutes, he hands her the portrait. Completely awed and excited,

By Dipo Olowookere No fewer than 4000 small and medium scale businesses have benefited from the N25 billion Employment Trust Fund (ETF) set up by the administration of Governor Akinwunmi Ambode of Lagos State in 2015. This, according to Mr Ambode, was part of his efforts to boost the economy of the state and turn small enterprises to bigger organisations. Mr Ambode, while receiving a delegation from Legatum Center for Development and Entrepreneurship, Massachusetts Institute of Technology (MIT) on a courtesy visit at the Lagos House in Ikeja, said deliberate efforts have been made by his administration to aid businesses

By Modupe Olowookere The Nigeria Police Force has deployed officers to praying grounds across the country to forestall any breakdown of law and order during the Eid el-Kabir celebration next week. The Federal Government has declared Monday and Tuesday next week for the Muslims’ celebration. Business Post learnt security operatives, both plain and uniformed have been deployed to man some strategic locations and soft spots that could be used by terrorists and hoodlums to carry out their activities. This week, the police and the DSS advised the Independent National Electoral Commission (INEC) to postpone the governorship election in Edo State

By Aduragbemi Omiyale The group chief executive officer of Guaranty Trust Holding Company (GTCO) Plc, Mr Segun Agbaje, has assured customers of the company of easy access to end-to-end financial services. He gave this assurance while commenting on the award he received at the 12th annual Brand Africa 100: Africa’s Best Brands 2022 rankings of the Top 100 Most Admired Brands in Africa. At the event held at the Eko Hotels and Suites, Lagos, on Wednesday, May 25, 2022, Mr Agbaje was conferred with the Africa Brand Leadership Excellence award for his pivotal role in inspiring brand-led excellence that drives

By Investors Hub European stocks are subdued on Thursday as investors digest mixed earnings updates and awaited new developments on global trade disputes. While the U.K.?s FTSE 100 Index has edged up by 0.2 percent, the French CAC 40 Index and the German DAX Index are both down by 0.4 percent. U.K. retail sales unexpectedly declined in June, but the quarterly growth rate was the fastest since 2015, preliminary data from the Office for National Statistics showed. Retail sales dropped 0.5 percent from the previous month, while economists were looking for a 0.2 percent increase. The decline came after two

By Adedapo Adesanya The Naira moved in different directions against the US Dollar at the various segments of the foreign exchange (FX) market on Wednesday, August 17 as the nation struggles to find a solution to the lingering forex crisis putting the indigenous currency under pressure. At the Peer-to-Peer (P2P) market segment, the Nigerian currency depreciated by N2 or 0.29 per cent against the greenback at the midweek session to N692/$1 from the previous day’s N690/$1. However, at the Investors and Exporters (I&E) window, the local currency appreciated by N1.29 or 0.3 per cent to settle at N429.38/$1 compared with

By Modupe Gbadeyanka Heritage Bank Plc has keyed into the initiative of the Central Bank of Nigeria (CBN) aimed to drive financial inclusion and promote economic growth by reducing the figure of the unbanked populace from its current 36.8 percent to 20 percent by the end 2020. The lender, in order to meet this target, has strategically deployed its technology and large number of staff to reach the large populace who do not have bank accounts in selected states were sensitised and mobilised to designated centres in rural areas, where they opened their personal accounts. Recall that the CBN mandated

By Modupe Gbadeyanka Minister of Mines and Steel Development (MMSD), Mr Kayode Fayemi, has disclosed that the sum of N700 million (almost $2 million) was used to develop the ministry’s Integrated Automation and Interactive GIS Web Portal aimed to improve Ease of Doing Business in the mining sector. Speaking at the launch of the portal in Abuja on Thursday, the Minister explained that the overall objective of the project was to increase provision of reliable information and knowledge to enhance promotion of investment in the sector using technology driven innovation. According to him, “This would in turn help increase the