SEC Begins Second Capital Market Committee Meeting

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

By Aduragbemi Omiyale The federal government has expressed its readiness to work closely with the Nigerian Exchange (NGX) Limited to attract startups to the stock exchange. The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, said the government would use the newly created NGX Technology Board to achieve this goal. Speaking at a tech event themed Invest in Africa’s Future- Let’s Talk About Exits on Thursday in the United States, he noted that Nigeria had been grappling with its over-dependence on oil in the last few years, adding that diversifying from heavy reliance on a single sector like

By Adedapo Adesanya Crude oil prices went in different directions on Friday amid profit-taking as markets weighed supply concerns from Russia’s fuel export ban against demand woes from future rate hikes. While the Brent futures lost 3 cents to close at $93.27 a barrel, the US West Texas Intermediate crude (WTI) futures rose by 40 cents to sell for $90.03 a barrel. However, both benchmarks closed downwards on a week-on-week basis, with Brent shedding 0.3 per cent, breaking a three-week streak of gains, and WTI sliding by 0.03 per cent for the week, the first decline in four weeks. Russia

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed in the green territory after it chalked up by 0.37 per cent on Friday, September 22, as three securities finished on the price gainers’ chart and one stock closed in the price losers’ table. This raised the market capitalisation of the OTC Exchange by N4.24 billion to N1.143 trillion from the previous day’s N1.139 trillion, as the NASD Unlisted Securities Index (NSI) increased during the session by 3.00 points to finish at 808.95 points compared with Thursday’s 805.95 points. At the close of transactions, investors traded a total of 10.7

By Dipo Olowookere Managing Director of Smartmicro Systems Ltd, Mr Michael Osasogie Obasuyi, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged conspiracy, cybercrime and laundering of N11.498 billion. A statement issued by spokesman of the EFCC, Mr Wilson Uwujaren, disclosed that the suspect, also the managing director of Platinum Multi-purpose Cooperative Society Limited, had written a petition in March 2018 to the commission against a mobile and electronic payment provider firm known as eTranzact. However, this petitioned company had also written a counter-petition against Smartmicro and Mr Obasuyi, leading the anti-graft agency to

By Adedapo Adesanya The local currency appreciated by N2 on the United States Dollar at the Peer-2-Peer (P2P) foreign exchange (FX) window, closing at N760/$1 on Friday, February 3, compared with the previous day’s N762/$1, indicating a form of ease as tensions rose across the country following a cash crunch that has triggered anger and aggression in some states. President Muhammadu Buhari stepped in on Friday and pleaded with Nigerians to give him seven days to resolve the crisis caused by the scarcity of new Naira notes. The President said he had seen reports about cash shortages and the effect

By Adedapo Adesanya In commemoration of World Malaria Day for the year 2022, Nova Diamond Foundation has launched a campaign called Give a Net, ave Lives. The Give a Net campaign is targeted to protect the most vulnerable in society, including pregnant women and children under the age of 5 because of the increased death rate, according to WHO 2021 Malaria report. WHO described malaria as the 3rd highest killer non-communicable disease as the disease kills four in every five malaria cases in Nigeria. Malaria is the number one endemic in the country, which also has the highest number of

By Modupe Gbadeyanka A free online digital marketing masterclass will take place on Thursday, March 23, 2023, at 7 pm Nigerian time, with a certificate issued at the end of the training. The course is being put together by a global partner of the world’s leading digital platforms, Aleph, as part of its Digital Ad Certificate, a global free online training and certification program in digital marketing aimed at people without prior experience. Participants will have the opportunity to learn from the CEO and founder of the company, Mr Gaston Taratuta, who will share the learnings of his path to

By Jerome-Mario Utomi In 1978, the Public Relations professionals across the globe gathered in Mexico to among other aims chart a course and stir the ship of public relations practice. The gathering proposed and adopted a highly influential definition of public relations which it tagged The Mexican statement. It says “public relations practice is the art and social science of analysing trends, predicting their consequences, counselling organisation leaders and implementing planned programmes of action which will serve both the organisation and the public interest. It has since become the most acceptable definition of public relations and assumed a guiding compass

By Dipo Olowookere An extensive partnership agreement between Emirates and flydubai has been announced by both firms and it will see the two Dubai-based airlines join forces to offer customers unmatched travel options. Both airlines will continue to be managed independently, but will leverage each other’s network to scale up their operations and accelerate growth. The innovative partnership goes beyond code-sharing and includes integrated network collaboration with coordinated scheduling. The new model will give flydubai customers seamless connectivity to Emirates’ worldwide destinations spanning six continents. For Emirates’ customers, it opens up flydubai’s robust regional network. The two airlines will also

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed in a stalemate on Wednesday as investors practically stayed away from the market. Business Post reports that the trading session was really quiet and this affected the general outcome of the market as the share prices of unlisted stocks on the exchange maintained their previous day’s closing values. As a result, the key performance indicators of the market remained unchanged at the alternative bourse yesterday, with the market capitalisation retaining the previous value of N615.16 billion, while the NASD Unlisted Security Index (NSI) remained static at 744.58 points. During the

By Adedapo Adesanya Oil depreciated on Wednesday after the United States Federal Reserve delivered another hefty rate hike to quell inflation, but indications show this may also reduce economic activity. Brent futures fell 54 cents or 0.6 per cent to $90.08 a barrel, while the US West Texas Intermediate (WTI) crude fell 71 cents or 0.9 per cent to $83.23 per barrel. The US Fed raised its target interest rate by three-quarters of a percentage point to a range of 3.00-3.25 per cent and signalled more big increases ahead, causing crude oil to tumble. In its quest to bring down