ONSA to Hold Cybersecurity Workshops for Capital Market, Others

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 Adedapo Adesanya The prices of Brent futures and the US West Texas Intermediate (WTI) futures went down by about 1 per cent on Friday, due to macroeconomic concerns and sustained profit-taking. Data showed that Brent fell by 7 cents to $95.31 per barrel and WTI depreciated by 92 cents to $90.97. Prices rose about 30 per cent in the third quarter of the year helped by the production cuts by the Organisation of the Petroleum Exporting Countries and allies (OPEC+). This action squeezed global crude supply. Brent was about 2.2 per cent in the week and 27 per cent

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Investors and Exporters (I&E), the Peer-to-Peer (P2P), and the black market arms of the foreign exchange (forex) market on Friday, September 29, as a turbulent third quarter ended. In the official segment, the local currency improved its value against the greenback by 2.6 per cent or N20.04 to close at N755.27/$1, in contrast to the preceding day’s N775.31/$1 amid a drop in the supply of FX into the system by 11.6 per cent or $16.73 million to $127.82 million from the $144.55 million published on Thursday. In the

By Modupe Gbadeyanka A Lagos-based public relations consultancy company, Ivi PR, has trained some budding practitioners in the communications industry as part of its effort to equip aspiring PR pros with the needed tools to succeed in the game. The intensive training programme, put together under its Ivi Trybe initiative, was attended by several up-and-coming PR professionals in the country. The social responsibility initiative of Ivi PR offered emerging professionals the opportunity to gain practical skills, industry insights and valuable networking opportunities all for free. Various key areas were touched on by the experts invited to impact their knowledge on

By Modupe Gbadeyanka Shares of Skye Bank Plc fell to a record low, hitting the floor price set by the Nigerian Stock Exchange (NSE), as investors fretted about the lender’s future in the face of rising bad debts and a shrinking economy. The stock slid 3.9 percent to 50 kobo as of 1:16 pm in Lagos, Nigeria’s commercial capital on Friday. That extended declines this year to 68 percent, the worst performer in the 171-member NSE All Share Index after Forte Oil Plc. Skye Bank, which had its management replaced by the central bank in July, is planning to sell

By Nneka Okumazie The expression, more money than god, is common when referring to the ultrarich. The exclamatory Jesus Christ or oh god, or god, in moments, situations or events are also common. These may seem like a referral, but has nothing to do with the Creator, the Saviour, the Almighty Jehovah. Just like people answer the name Jesús, referring to the individual, or some others for figures in religions or history – so is the diversion to something else, using god as an exclamatory, or Christ. The scriptures says to not call the name of the Lord in vain.

By Dipo Olowookere Lagos State government has commenced the process of awarding contracts for the construction of a total of 181 community roads across the 57 Local Government Areas (LGAs) and Local Council Development Areas (LCDAs) in the state, in line with the promise made by Governor Akinwunmi Ambode. The initiative to rehabilitate the roads within the communities was introduced in 2016 by Governor Ambode’s administration to fast-track development simultaneously with other major road projects across the State. By the initiative, a total of 114 roads were either constructed or rehabilitated two per each of the 57 Councils in 2016,

By Modupe Gbadeyanka To bridge the huge housing deficit gap in Nigeria, top-notch solutions must be developed and they must be a win-win situation for consumers and investors. This is the view of Mrs Sade Hughes, the Country Manager for Mixta Africa, one of Africa’s largest indigenous real estate companies. Reflecting on the company’s sterling performance in 2021, the real estate expert remarked that the estimated housing deficit of over 17 million residential units in the country requires a robust strategy to tackle. According to her, Mixta Africa is well-positioned to solve the issue, stating that successes recorded in countries

By Modupe Gbadeyanka The board of Axa Mansard Insurance has fixed Wednesday, February 19, 2019 for a crucial meeting in Lagos. One of the main issues to be discussed during the meeting is the approval of the financial results of the firm for the year ended December 31, 2018. If the financial report is approved by the board, it would be forwarded to the sector’s regulator, the National Insurance Commission (NAICOM), for approval before it is released to the Nigerian Stock Exchange (NSE). A notice issued by the insurer yesterday disclosed that also at the gathering, the board will take

Arnold Schwarzenegger, former bodybuilder turned actor and politician, once said that he learned everything he knows from bodybuilding. If you’re a business man or woman then this is something worth taking note of. After all, Schwarzenegger has proven himself a savvy businessman over the years and through a number of small businesses and shrewd investments actually managed to make his first million before he first graced our screens in Pumping Iron. But surely this is just hyperbole! After all, what can you possibly learn about business from a pastime that involves grunting in the gym and covering yourself in tanning

By Dipo Olowookere Shares of Honeywell Flour Mills witnessed a significant rush on the floor of the Nigerian Exchange (NGX) Limited last week, pushing its price higher by 28.13 per cent. Business Post reports that Honeywell Flour stocks, which opened the week at N1.60 each, closed last Friday at N2.05 on the back of a sudden demand for the company’s equities by investors. The company was the best-performing stock of the week and as well as one of the most traded equities at the close of transactions for the week. According to data from the NGX, trading in Honeywell Flour,