SEC Fixes August 4 for First Securities Issuers Forum

By Adedapo Adesanya The Minister of Solid Minerals Development, Mr Dele Alake, has assured foreign investors of low production costs as they consider investing in the country’s mining sector. Speaking at the Mines and Money Conference in London, Mr Alake said President Bola Tinubu has embarked on reforms to boost investment by streamlining procedures and reducing hurdles to attract foreign investors. “The country’s geological bounty encompasses over 44 distinct mineral types, found in exploitable quantities across more than 500 locations,” the Minister said, according to a statement by his aide, Mr Kehinde Bamigbetan. “Recently, recognizing the evolving global landscape and

By Adedapo Adesanya The Nigerian Naira weakened further by 8.3 per cent or N67.28 on the American Dollar at the Nigeria Autonomous Foreign Exchange Market (NAFEM) on Tuesday, as investors intensified their demand for the greenback ahead of the festive season rush. Amid a squeeze in the supply of the foreign currency to the market, the value of the local currency closed at N881.88/$1 yesterday compared with the preceding session’s N814.60/$1. Though the supply of FX into the official market improved by 17.9 per cent or $18.00 million to $118.06 million from $100.06 million quoted on Monday, it was not

By Aduragbemi Omiyale A workshop designed to educate investors, especially those in the retail end of the curve, on how they can improve corporate governance has been organised by the Nigerian Exchange Regulation (NGX RegCo) Limited. The two-day event, which took place on Thursday, November 23, and Friday, November 24, 2023, was themed Rights and Responsibilities of Shareholders in Driving Corporate Governance. According to the NGX RegCo, the seminar was designed to promote a transparent and fair market, with participants agreeing that all hands must be on deck to sanitize the market and bring the boards and management of listed

By Modupe Gbadeyanka The chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, has asked his counterpart in the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, to support his agency to achieve the Renewed Hope Agenda of President Bola Tinubu, who appointed both of them. Speaking during a courtesy visit to the headquarters of the anti-money laundering firm, Mr Adedeji said the EFCC has a role in ensuring that taxpayers’ funds are “judiciously utilised in line with the social contract with the people.” He assured that the FIRS would continue to strive to raise the revenue

By Adedapo Adesanya Crude oil prices plunged more than 8 per cent on Thursday to their lowest in five months as short-term demand concerns were raised over increasing COVID-19 cases in Europe. Also, the strengthening US dollar weakened the value of the commodity as the price of Brent crude fell by 8.18 per cent or $5.56 to $62.44 per barrel and weakened the West Texas Intermediate (WTI) by 8.37 per cent or $5.41 to $59.19 per barrel. It was the fifth consecutive decline for the black gold as concerns grow that Europe might not return to normalcy as previously expected

By Dipo Olowookere In the fourth quarter of 2021, one of the audio streaming platforms, Spotify, posted strong numbers, sustaining its momentum in subscriber growth and others. According to the financial statements analysed by Business Post, the firm improved its monthly active users (MAUs) by 18 per cent year-on-year to 406 million from 381 million in the last quarter. This was buoyed by gains from the 7th annual year-end Spotify Wrapped campaign launched on December 1, 2021, to users in 103 markets. Collectively, 120 million MAUs engaged with Wrapped content in Q4 (up 29% Y/Y) as the campaign trended worldwide

By Dipo Olowookere President Muhammadu Buhari has been asked to remove Secretary to the Government of the Federation (SGF), Mr Babachir Lawal. The sack of Mr Lawal was requested for by members of the Senate at the plenary on Wednesday, over his alleged involvement in the misappropriation of funds meant for the Internally Displaced Persons (IDPs) in the north east of Nigeria. A report submitted by an adhoc committee led by Senator Shehu Sani alleged that the SFG used his influence to get contract for his company, Global Vision Ltd, through the Presidential Initiative for the North East (PINE). It

By Modupe Gbadeyanka One of the political parties in Nigeria, Accord Party, has thrown its weight behind the decision of Governor Emeka Ihedioha to suspend officials of the local governments in Imo State, describing their election as unconstitutional. The party also wants perpetrators of the January 6 2020 invasion of the 27 local government areas in the state prosecuted. Chairman of the party in Imo State, Mr ThankGod Ibe, informed newsmen at a parley that the recent invasion of the council headquarters by suspended Chairmen and other officials and appointees of the immediate administration of Mr Rochas Okorocha was uncalled

Few people are as busy as moms who need to accomplish more in a day than there seems to be time for. Being a busy mom makes it tough as a commitment to work and family becomes an impossible task that they have to take on. For them, it often feels like there’s never enough time to get all your things done.  There’s a never-ending to-do list with less time to finish. At times, busy moms feel overwhelmed and procrastinate as there are more and more things adding up to that list. This can be exhausting and can result in

By Adedapo Adesanya The Governor of Ogun State, Mr Dapo Abiodun, has said potential investors willing to put their money in the state will enjoy several developments that have put been put in place by his administration to create a haven for thriving businesses. The Governor expressed this at the Executive Council Strategic Retreat (ECSR) held at Ogere, in Ikenne Local Government Area of the State as part of efforts put in place to ease doing business in the state. He said measures have been put in place to ensure that land title deeds are gotten within a month of

By Emmanuel Otori The search for commensurate rewards is one that drives the human pursuit in different sectors, from medicine to tech to artisanship and entrepreneurship is why tech talents leave the continent in search of greener pastures. Due to the ongoing trend where the immediate environment does not facilitate the growth and expansion of talents, hence people are forced to new a location that fuels their ability. An area like Silicon Valley encourages tech enthusiasts to build more and develop already existing technologies in order to improve the quality of life. In the quest of developing a region, the

By Sodeinde Temidayo David The federal government has assured that more schools will benefit from its Science Technology Engineering and Mathematics (STEM) project in a bid to foster the technology atmosphere of the country. This was made known by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Ms Sadiya Farouq, at the launch of the North East STEM centre at the Federal Government College in Borno State. She also revealed that the STEM Centre will be established in five other locations across the state. The STEM centre is one of the two components of the FG’s STEM project