Price of Bitcoin Surges to N13m

By Adedapo Adesanya The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that Nigeria saw a 65.7 per cent or N76.77 billion increase in earnings from the solid minerals sector in 2021 to N193.59 billion from the N116.82 billion achieved in 2020. This upward trajectory has been on for the past five years, according to a report from the agency. The Executive Secretary of NEITI, Mr Orji Ogbonnaya Orji, however, lamented that this is still abysmal considering the potential of the sector to the Nigerian economy. He said this while presenting the solid minerals sector report in Abuja, noting that

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange improved by 0.12 per cent on Wednesday, September 20, with the unlisted securities index expanding by 1.00 points to end the day at 806.29 points as against the 805.29 points it recorded at the previous session. During the trading day, the market capitalisation of the alternative stock exchange increased by N1.42 billion to close at N1.139 trillion compared with Tuesday’s closing value of N1.138 trillion. It was observed that the bulls overcame the bears on Wednesday, with the bourse closing with three price gainers and two price losers. Aradel Holdings Plc

By Dipo Olowookere Stock investors were swayed by the news of the indefinite postponement of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN). The quarterly rate decision meeting was supposed to occur next week, but it has been moved forward. There are speculations that the meeting was postponed to allow the new CBN Governor nominee, Mr Yemi Cardoso, to preside over the gathering. He is yet to be confirmed by the Senate, which resumes from a recess next Tuesday, the same day the rate decision is supposed to be announced. The confusion as to who

Forex trading in Malaysia has been legal and regulated by the central bank, Bank Negara Malaysia (BNM), since 2012. While Malaysia’s growing economy attracts financial companies, traders need to beware of scammers who target beginners seeking quick profits. Traders Union (TU) experts provide a Forex scammer list for Malaysia and discuss types of Forex scams. Blacklist of Forex scam brokers in Malaysia BNM, the country’s financial regulator, maintains a list of nearly 400 companies involved in Forex trading scams in Malaysia. These companies are regularly updated as they engage in fraudulent activities, such as using manipulated software, blocking withdrawals, and

When it comes to the gameplay differences between female and male tennis, several factors contribute to variations in these branches of the sport. Visit now the live casino login 1xBet before your favorite tennis match begins. The main differences between these two variations of sport can be seen in: style; pace; and strategies employed by players. Let’s begin by talking about power and speed. On average, male players tend to generate more power and hit the ball at higher speeds compared to female players. This is partly due to physiological differences, such as greater muscle mass and higher levels of

By Dipo Olowookere Eight officials of the Federal Road Safety Corps (FRSC) have been dismissed for various offences including number plate racketeering, bribery, forgery, driver’s license racketeering, patrol misconduct, amongst others. The dismissal of the affected employees was approved by the board of the road safety agency at its meeting held on Friday, September 4, 2020. They were among the 28 personnel punished by the board for indiscipline and corruption. The Corps Public Education Officer, Mr Bisi Kazeem, said in a statement that the action of the board was in accordance with the provisions of the FRSC Regulation on Discipline.

By Dipo Olowookere The Nigerian Exchange (NGX) Limited witnessed the exchange of 1.741 billion shares worth N25.087 billion in 30,652 deals last week, lower than the 2.575 billion shares valued at N29.615 billion traded in the preceding week in 37,713 deals. Investors pulled back from the market after having second thoughts on their exposure to local stocks, especially because of the happenings in the foreign exchange (FX) market. However, the bourse managed to stay positive on a week-on-week basis, as the All-Share Index (ASI) grew by 0.20 per cent to 65,325.37 points, and the market capitalisation increased by 0.26 per

By Dipo Olowookere The revised 2020 budget worth N10.8 trillion will be signed into law on Friday, July 10, 2020 (today) by President Muhammadu Buhari. Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, made this disclosure on Thursday when she held a meeting with principal officers of the parliament in Abuja. The signing of the appropriation bill is expected to take place at the Presidential Villa in Abuja. Last month, the legislative arm of government passed the new budget, which had the crude oil benchmark set at $25 per barrel to reflect the current global reality, which has

By Dipo Olowookere Bargain hunting by investors on Thursday ensured that the gains recorded on Wednesday on the floor of the Nigerian Stock Exchange (NSE) were maintained by the market, Business Post is reporting. It was observed that the gains spread across the sectors monitored during the trading session with consumer goods index closing as the highest gainer, by 3.78 percent. The banking space appreciated by 1.70 percent, the industrial sector rose by 1.13 percent, the insurance industry improved by 0.56 percent, while the energy sector gained 0.49 percent. At the market yesterday, only seven price losers were recorded as

By Investors Hub Asian stocks closed broadly higher on Tuesday as investors put trade worries on the back burner and shifted focus to the earnings season. China’s Shanghai Composite Index jumped 46.02 points or 1.6 percent to 2,905.56 after the country’s central bank injected record liquidity into the banking system via a medium-term lending facility to alleviate funding pressure. Market sentiment also got a boost after the State Council, China’s cabinet, said the country would adopt a more vigorous fiscal policy to support the economy. In another development, Beijing said it has no intention to devalue the yuan to help

Otori Emmanuel The idea of networking contributes to the growth and relevance of a startup. We are often familiar with the saying “no man is an island”. Running your business in a solo mode might retain the focus or vision of the business, it can also make progress speedily but it shuts the owner from the real experiences of other business owners. This approach clearly affects business growth. In this article, we would look at how building a solid network can maintain a startup business. Success in business, especially for one just trying to gain traction, is not only dependent

By Modupe Gbadeyanka Mr Adekunle Adedeji has been appointed to the board of Stanbic IBTC Holdings Plc as an Executive Director. A statement issued by the company disclosed that the appointment of Mr Adedeji took effect from Friday, February 22, 2019. In the statement, the board said it was “pleased to welcome Mr Adedeji as an Executive Director on the board, and looks forward to benefiting immensely from his wealth of knowledge and experience.” Business Post gathered that Mr Adedeji is presently the Chief Financial Officer (CFO) of Stanbic IBTC Group, but will continue to perform his role in that