NSE Hosts Webinar on Bond Trading, Pricing Techniques

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded yet another positive week-on-week performance after stretching its gains by 1.44 per cent in Week 47. This expanded the portfolios of NASD investors by N17 billion in the week to N1.162 trillion from the N1.145 trillion recorded in Week 46, as the NASD Unlisted Security Index (NSI) increased by 12.16 points to 857.29 points from 845.13 points in the previous week. The trading week was with three price gainers and three losers, with Aradel Holdings Plc on top of the advancers’ chart after it grew by 10 per cent to finish

By Aduragbemi Omiyale The sum of N75 million has been disbursed to 15 small and medium-sized businesses (SMBs) in Nigeria to support their expansion drive. The funding package was given by Google’s Hustle Academy, with beneficiaries drawn from various industries, including agriculture, and fashion, among others. The 15 Nigerian small business owners were among the 5,300 entrepreneurs who graduated from the academy, designed by the tech giant to provide an avenue for participants to enhance their business skills and knowledge, and contribute to the growth of the continent’s economy. The recipients of the funding support are Ifeoma Augusta Anselem of

By Adedapo Adesanya  The federal government, through the Nigerian Ports Authority (NPA), has announced plans to invest $1.1 billion to fully rehabilitate decaying port infrastructure at TinCan, Apapa, Rivers, Delta, Calabar, and Onne ports as part of efforts to improve the efficiency of the nation’s existing ports. Out of the estimated 47,000 kilometres of coastline in Africa, Nigeria makes up about 853 kilometres, creating the perfect opportunity to get access to its much-needed revenue. This coastline and a 200 nautical mile exclusive economic zone make up Nigeria’s coastline in the Gulf of Guinea. The coastline equals a maritime area of

By Adedapo Adesanya  President Bola Tinubu has written to the House of Representatives seeking the approval for an $8.6 billion and €100 million external borrowing plan for critical infrastructure in areas such as power, roads, water, railway, and health. The President also forwarded the Federal Capital Territory (FCT) Supplementary Budget to the lower chamber for consideration. Meanwhile, the President will present the 2024 budget to the National Assembly on Wednesday. This was after the Federal Executive Council (FEC) approved a 2024 budget of N27.5 trillion. The approval followed the review of the Medium-Term Expenditure Framework (MTEF) earlier passed by the

By Dipo Olowookere An innovator in instructor led and online trainings, Phillips Consulting (PCL), has launched its 2019 Training Calendar, highlighting the best, up-to-date and most relevant training courses essential to all professionals and companies to meet expected goals and outcomes. The calendar was unveiled at a press briefing held at the PCL Lagos office on Thursday, November 1, 2018 by Senior Partner, People Transformation, Mr Paul Ayim; Head of Digital Learning, Mrs Modupe Thomas-Owoseni; and Head of Classroom Learning, Nwaji Jibunoh. The team revealed that it was crucial to empower people to perform at the very highest level and

By Modupe Gbadeyanka Some vulnerable residents of Oyo State have started to receive N5,000 from the federal government through the Conditional Cash Transfer scheme aimed to reduce poverty. The disbursement of the cash in the state commenced on Tuesday across the 33 local government areas, with the funds expected to prevent beneficiaries from failing further down the poverty line and build their resilience to withstand shocks, the government said. On Tuesday, the distribution of the money kicked off at Ibadan Southwest headquarters, Aleshinloye and Ona Ara council secretariat, Akanran. A statement signed by the Permanent Secretary, Ministry of Information, Culture

By Modupe Gbadeyanka A brand new telenovela that will take viewers into the alluring yet treacherous world of music, The Price of Fame, is set for premiere on Monday, October 16, 2017, at 8 pm exclusively on Telemundo (DStv channel 118). The musical drama series follows the story of two brothers who, at the peak of their success in the music industry, found themselves torn apart by envy, revenge and ambition. The Price of Fame introduces a host of new faces to the channel, with Daniel Elbittar starring as the hugely popular musician Julio Cesar Solar and Alberto Guerra taking

By Modupe Gbadeyanka A relief official of the United Nations (UN) has warned that millions of Nigerians are at risk of food shortage despite famine being averted in the north eastern part of the country. Since the beginning of the Boko Haram conflict, more than 20,000 people have been killed, thousands of women and children abducted, many forced into displacement, and subjected to violations of international humanitarian and human rights law. In north-east Nigeria, at least 8.5 million people are dependent on humanitarian assistance. Noting important progress in delivering life-saving aid to millions in north-east Nigeria, the top United Nations

By Adedapo Adesanya Top insurance firm, African Alliance Insurance Plc, has been awarded the ISO 22301:2012 certificate for Business Continuity Management (BCM). The certificate, which was awarded by the Professional Evaluation and Certification Board (PECB), signifies that African Alliance has met the requirements for BCM. ISO 22301:2012 is a globally recognised Business Continuity management standard developed and published by the International Standards Organization (ISO). This standard provides a model that organisations of all types and sizes can use in building an effective Business Continuity System. ISO 22301 specifies the requirements for a management system to protect against, reduce the likelihood

By Dipo Olowookere The board of Medview Airline Plc has resolved to offload two of its aircraft so as to pay part of its debts. This decision was reached at the meeting of the board of directors held on Thursday, July 23, 2020, via a video-conferencing application called Zoom. Business Post had earlier reported that the vital organ of the company was planning to gather to discuss the effect of the COVID-19 on its business and the entire aviation sector. “There will be a board of directors’ emergency meeting of Medview Airline Plc to be held virtually by Zoom on

By Dipo Olowookere The volume of transactions witnessed at the local stock exchange last week increased by 312 million units or 30.41 per cent to 1.338 billion units from 1.026 billion units. Business Post reports that these trades were valued at N8.7 billion executed in 19,830 deals compared with the preceding week’s N8.2 billion carried out in 18,102 deals. Transcorp, Honeywell Flour Mills and Access Bank accounted for 450.6 million units worth N1.5 billion in 3,696 deals, contributing 33.66 per cent and 17.25 per cent to the total trading volume and value respectively. In terms of the sectors, the financial

By Modupe Gbadeyanka On October 6, 2016, all roads will lead to Oriental Hotel in Lagos for the inaugural Nigeria and Entrepreneurship Summit & Honours (NESH). Leading lights of Nigerian entrepreneurship and the public sector will converge at the place for the heroic occasion. One of the important personalities expected at the ceremony include Grand Patron of NESH, Prof. Yemi Osibanjo (SAN), who is the Vice-President of Nigeria and Chairman, National Economic Council. He will be joined by a roster of other high-level speakers from the corporate, business and government worlds. The theme of the Summit is ‘Celebrating Entrepreneurship.’ Speaking