See List of 17,206 Nestle Shareholders With Unclaimed Dividends

By Adedapo Adesanya The Naira closed mixed at the foreign exchange (FX) market on Friday, depreciating against the US Dollar in the Investors and Exporters (I&E) and Peer-to-Peer (P2P) segments and appreciating in the parallel market amid a new leadership at the Central Bank of Nigeria (CBN). On Friday, the CBN announced the resumption of Mr Olayemi Cardoso as the next head of the apex bank, in an acting capacity pending his confirmation by the Nigerian Senate. He is taking over the role amid a worrying FX market, high inflation, and increased call to halt interest rate hikes which currently

By Adedapo Adesanya Oil prices settled lower on Thursday even after Russia announced a ban on fuel exports, with Brent crude down by 23 cents to $93.30 a barrel while the US West Texas Intermediate crude (WTI) lost 3 cents to sell at $89.63 per barrel. Russia temporarily banned gasoline and diesel exports to all countries outside a circle of four ex-Soviet states with immediate effect to stabilize the domestic fuel market, the government said on Thursday. It said the ban did not apply to fuel supplied under inter-governmental agreements to Moscow-led Eurasian Economic Union members, including Belarus, Kazakhstan, Armenia

By Adedapo Adesanya Though the supply of foreign exchange (FX) in Nigeria has remained low, the Naira closed stronger against the United States Dollar in the Investors and Exporters (I&E) and the Peer-to-Peer (P2P) segments on Wednesday, September 20, and maintained stability in the parallel market. According to data obtained from FMDQ Securities Exchange, the local currency appreciated against the Dollar in the midweek session by 0.76 per cent or N5.89 to sell for N770.71/$1 versus the previous rate of N776.60/$1 amid a decline in the value of forex transactions by 9.4 per cent or $6.65 million to $64.36 million

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 Investors Hub The major U.S. index futures are pointing to a lower opening on Wednesday following the modest weakness seen in the previous session. Weakness in the overseas markets may weigh on Wall Street amid lingering uncertainty about Republicans’ ability to pass tax reform legislation. After an initial move to the downside, stocks regained some ground over the course of the trading session on Tuesday but remained in the red. The major averages offset the modest gains posted in the previous session. The major averages ended the day in negative territory but well off their lows of the session.

By Adedapo Adesanya The crude oil market climbed about 3 per cent to close Friday’s trading session on a high note as supply concerns and technical buying outweighed fears of further interest rate hikes. Brent futures rose $1.95 or 2.6 per cent to settle at $78.47 a barrel, while US West Texas Intermediate (WTI) crude futures appreciated by $2.06 or 2.9 per cent to trade at $73.86 per barrel. That was the highest close for Brent since May 1 and WTI since May 24, as both benchmarks ended up about 5 per cent for the week. Top oil exporters, Saudi

By Adedapo Adesanya Nigeria’s inflation hit a near 17-year high in July as the prices of food and services increased in the month by 19.64 per cent on a year-on-year basis, according to the National Bureau of Statistics (NBS) in its latest Consumer Price Index (CPI) Report. It was noted in the CPI Report for July 2022 released on Monday that at 19.64 per cent, this was 2.27 percentage points higher than the rate recorded in July 2021, which was 17.38 per cent, making it the highest surge for goods and services since September 2005. This shows that the headline

By Dipo Olowookere As part of its mission to spread its tentacles to the commercial hubs in the eastern part of Nigeria, Wema Bank, the pioneer of Nigeria’s first fully digital bank ALAT, has opened a new branch in Aba, Abia State. The new branch is located at 103 Azikiwe Road, Aba, Abia State and is now open to customers for banking services. Recall that in 2015, the apex regulatory agency in the banking sector in the country, Central Bank of Nigeria (CBN), granted a national licence to Wema Bank Plc. Since then, the lender has worked tirelessly to strategically

By Dipo Olowookere The board of Notore Chemical Industries Plc on Thursday made the company’s financial statements for the third quarter of the year ended June 30, 2018 available to the Nigerian Stock Exchange (NSE). The firm, which is under the agro-sector of the economy, recently joined the local exchange and is looking to sell its shares at N62.50 per share. In the financial results analysed by Business Post, the company declared a 20.3 percent reduction in its turnover in the first nine months of its operations in the 2018 financial year. A total of N20.6 billion was generated by

By Modupe Gbadeyanka Notable public–private global health partnership organisation, Gavi, has appointed Dr Awele Vivian Elumelu as its Champion for Immunisation in Africa. According to the chief executive of Gavi, Dr Seth Berkley, the significance of Dr Elumelu’s appointment comes at a critical time for the Vaccine Alliance–the 2018 Mid-Term Review of progress towards realising its 2016-2020 mission. “We are delighted that Dr Elumelu will bring her knowledge and expertise from health and business sectors towards championing the cause of immunisation. “Her engagement will be particularly important this year, as we move towards the Mid-Term Review, where the Vaccine Alliance

By Modupe Gbadeyanka The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, on Wednesday said the state-owned oil agency will no longer operate the country’s refineries after their rehabilitation. Speaking today in an interview on Arise TV breakfast programme, The Morning Show, he said upon completion of the ongoing rehabilitation exercise, the refineries would be handed over to a private firm on an Operations and Maintenance (O&M) basis. “We are going to get an O&M contract, NNPC won’t run it. We are going to get a firm that will guarantee that this plant would run for

By Aduragbemi Omiyale Nigerian entrepreneurs, especially those in the micro, small and medium scale enterprises (MSMEs) sector, now have the opportunity to operate a bank account tailored to their financial transactions. This is because Kuda Microfinance Bank has introduced an all-in-one business account known as Kuda Business. This account package allows customers to send invoices and pay several bills to different individuals and corporate entities easily without switching apps. Through this account, small business owners can easily send estimates to their clients and get paid in multiple ways. They would also be able to make free and bulk transfers, pay