NSE Suspends Thomas Wyatt Nigeria Over Financial Results

By Aduragbemi Omiyale An application and proprietary solution for micro, small and medium-sized enterprises (MSMEs) in Nigeria, known as Aleph Express, has been launched by Aleph Group. A statement from the firm explained that Aleph Express provides a platform for MSMEs to create and maintain a free e-commerce website, create a product catalogue, set local delivery options, manage, record and process orders while gaining meaningful insights to drive growth. The platform also provides one unified inbox that integrates WhatsApp, Messenger, and Instagram, to enable businesses to efficiently engage and sell – all in one place. In addition, Aleph Express provides

By Adedapo Adesanya The Nigerian Naira opened the week stronger on the American Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, December 4 as pressure eased amid continued foreign exchange (FX) liquidity squeeze in the market. In the official market, the Naira appreciated against the greenback by 9.6 per cent or N89.42 to settle at N837.77/$1 compared with last Friday’s closing price of N927.19/$1. Also, the Naira gained N172.53 against the Pound Sterling in the NAFEM segment of the market during the session to close at N1,031.57/£1 versus last Friday’s rate of N1,204.10/£1 and against the Euro,

By Adedapo Adesanya The Naira started the first trading session in the last month of 2023 on a negative note after it depreciated against the Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM), which is the official FX window, by 11.4 per cent or N94.87 on Friday, December 1, closing at N927.19/$1, in contrast to Thursday’s exchange rate of N832.32/$1. The December rush for forex contributed to the weakening of the domestic currency in the spot market yesterday, as the supply of foreign currency could not meet what customers needed. Data showed that the value of FX transactions recorded

By Dipo Olowookere The Nigerian Exchange (NGX) Limited commenced the first trading session in December 2023 on a bullish note, with a marginal growth of 0.08 per cent. Sustained buying pressure kept Nigerian stocks in the positive territory, extending the dominance of the bulls on Customs Street, though the turnover waned. Business Post observed that investors cherry-picked equities in the banking and the energy sectors during the session, leaving them rising by 1.14 per cent and 0.05 per cent, respectively. However, the insurance counter lost 1.10 per cent, the consumer goods index depreciated by 0.08 per cent, and the industrial

By Aduragbemi Omiyale The chief executive officer of the Nigerian Exchange (NGX) Limited, Mr Temi Popoola, has said the capital market can be harnessed to solve the foreign exchange (FX) scarcity crisis the nation is facing. The capital market expert gave this submission at the Investment and Securities Bill (ISB) Lawmakers’ Retreat convened by the Securities and Exchange Commission (SEC) in Lagos on January 30, 2021. Nigeria has been facing a forex scarcity crisis for a while now and this was made worse by the coronavirus pandemic of 2020, which made foreign currency earnings quite difficult as most nations had

By Adedapo Adesanya Central Securities Clearing System (CSCS) Plc sank the NASD Over-the-Counter (OTC) Securities Exchange by 0.32 per cent on Friday, September 1. The downward trend in the stock price of the Nigerian securities depository company shrank the market capitalisation of the unlisted securities exchange by N3.55 billion to N1.109 trillion from the N1.112 trillion it quoted at the previous session. In the same vein, the NASD Unlisted Securities Index (NSI) went down by 2.53 basis points to end the day at 791.22 points as against 7931 points it recorded at the previous session. Yesterday, CSCS Plc lost 71

By Investors Hub European stocks are trading mixed on Thursday as trade tensions persisted and the dollar rally lost steam in light of the dovish Fed minutes. While the French CAC 40 Index has inched up by 0.1 percent, the German DAX Index is down by 0.2 percent and the U.K.?s FTSE 100 Index is down by 0.4 percent. On the data front, official data showed German GDP grew 0.3 percent sequentially in the first quarter, slower than the 0.6 percent expansion seen in the previous quarter but matching the provisional estimate published on May 15th,. Another survey showed that

One of the top players in the cement industry in Nigeria, BUA Group, has inaugurated a scholarship board for one of its host communities, Okpella, Edo State. This is part of the company’s continued social development and sustainability investments in areas it operates, a statement from the firm stated. The scholarship scheme was inaugurated on Tuesday August 6, 2019 through the BUA Obu Cement Company, which operates in the community. It was disclosed that the programme will administer a minimum of 24 tertiary scholarships from the company every year starting from September 2019. The aim of the scheme, according to

By Modupe Gbadeyanka Nearly 4,000 DHL Express employees in Sub-Saharan Africa have been recognized for their contributions to success of the company. The workers were honoured at the annual DHL Employee Appreciation Week, where special meals, giveaways, fun team activities and long service awards were doled out to them. Vice President, Human Resources, DHL Express Sub Saharan Africa, Mr Paul Clegg, said the rewards were “just few of the ways we are celebrating, recognizing and rewarding our employees across the continent.” “While the focus is on fun, the initiative is meant to recognize and reward our teams across Africa who

By Adedapo Adesanya The Naira’s fighting spirit continued on Thursday and at the close of business, it finished stronger against the United States Dollar. During the session, the local currency appreciated by N15 against the greenback to sell at N470/$1 compared with the N485/$1 it sold the previous day. Also, the Nigerian currency closed stronger against the Pound Sterling yesterday by N15 to trade at N620/£1 versus N635/£1 it was traded at the midweek session and the local currency appreciated by N10 against the Euro to quote at N570/€1 compared with the previous value of N580/€1. The local currency had

By Dipo Olowookere On Wednesday, July 25, 2018, the Nigerian Stock Exchange (NSE) will hold its bi-annual Nigerian Capital Market Information Security Forum (NCMISF) themed, ‘Social Engineering, The Neglected Human Factor.’ The summit is scheduled to take place at the NSE Event Center, 2/4 Customs Street, Lagos with Mr Emomotimi J. Agama, Deputy Director/Head Exchanges of Securities and Exchange Commission (SEC) headlining it. The forum is expected to bring together information security professionals and capital market participants to discuss emerging cybersecurity trends and share effective strategies and best practices to tackle cyber threats. This free to attend conference, which is

By Modupe Gbadeyanka Ogun State Governor, Mr Ibikunle Amosun, has urged Nigerians to uphold and strengthen the unity binding them, in order to fulfil the dream of the founding fathers. He gave this charge as Nigerians celebrate 57 years of the country’s independence. Speaking at the special Thanksgiving Service held to commemorate Nigeria’s 57th Independence anniversary, at the Cathedral of St. Peter, Ake, Abeokuta, the Governor, represented by his Deputy, Mrs Yetunde Onanuga, said, though, the nation has been experiencing series of challenges, ranging from insecurity, economic downturn, corruption, among others, the people still need to be united, noting that