Shareholders Authorise Notore Chemical to Raise N30bn

By Aduragbemi Omiyale A new Code of Conduct for Approved Persons of Trading License Holders, otherwise known as stockbrokers, has been introduced by the Nigerian Exchange (NGX) Regulation Limited (NGX RegCo). It was disclosed that the ethical guideline was designed to ensure professionals dealing with the trading of shares at NGX Limited follow high standards. Furthermore, it highlights the expected standards and values that Approved Persons must display at all times when conducting their businesses at all times. The idea of the code of conduct for stockbrokers, according to the regulator, is to deepen the market and foster professionalism, integrity,

By Adedapo Adesanya The Minister of Power, Mr Adebayo Adelabu, has called for collective efforts to shape the energy sector in Nigeria, noting that no meaningful economic growth can be achieved without it. Mr Adelabu said this at the Nigeria Energy 2023 leadership summit recently held in Lagos, with the theme Unlocking new value with reforms, investments, and technology which saw in attendance industry leaders. The Minister said, “Energy is the lifeblood of any modern economy of which Nigeria is no exception. No meaningful economic growth or industrial development can be achieved without energy. “We can be talking of potential

By Adedapo Adesanya The new leadership of the Central Bank of Nigeria (CBN) signalled no confidence to traders and investors as the Naira was further dealt a heavy blow at the Investors and Exporters (I&E) and the Peer-to-Peer (P2P) arms of the foreign exchange (FX) market on Monday, September 25, though it maintained stability against the United States Dollar in the parallel market. In the official market, the Naira lost 3.41 per cent or N25.49 against the greenback to finish at N773.25/$1 compared with last Friday’s closing rate of N747.76/$1, as the value of forex transactions went down by 58.3

By Dipo Olowookere The bears tightened their grip on the Nigerian Exchange (NGX) Limited on Tuesday, chopping off 0.34 per cent from the local bourse despite assurances from Mr Yemi Cardoso he would endeavour to ensure the Central Bank of Nigeria (CBN) restores its independence. Mr Cardoso was confirmed as the new CBN Governor by the Senate yesterday and he promised to formulate evidence-based monetary policies, a departure from his predecessor, Mr Godwin Emefiele, who was accused of romancing the President and coming up with trial-and-error policies. Business Post reports that investors were more interested in trimming their exposure to

By Modupe Gbadeyanka Some youths in Jigawa State have been given some materials to enable them earn some cash in this present economic crisis in the country. Business Post learnt that a total of 1073 materials, including sewing machines, tricycles, generators, cash and others were distributed to the beneficiaries. This was part of Governor Badara Abubakar’s campaign promise to empower youths in the state and make them better people in the society. The items were given out on Thursday to the beneficiaries by the Governor at a ceremony that took place at Machina Local Government. Mr Abubakar urged the youths

By Dipo Olowookere Lagos State Government has commenced the ember month’s campaign with a charge to drivers, commuters and other stakeholders in the transportation sector to be safety conscious and drive defensively in order to ensure that the State does not record any loss of lives and property this season. The Chief Executive Officer of Lagos State Drivers’ Institute, Mr Philips Ogunlade, gave the charge on Wednesday at the Multi Park Drivers’ Enlightenment Campaign Programme organised for drivers at Ogolonto, Agric, and Sabo Motor Parks in Ikorodu Local Government Area while the Institute also provided free eye tests for drivers.

By Dipo Olowookere The training of non-formal education facilitators across the 21 local government areas of Oyo State has commenced. The programme aims to equip the educators with the necessary tools to improve teaching methods as the facilitators will have the necessary lessons, observation checklist, cultivate thinking skills, stimulate pupils’ interest in subjects and the mastery of content and lesson plans. Business Post reports that the training was put together in partial fulfilment of the execution of the Better Education Service Delivery for All (BESDA) programme in the state. This scheme is with the support of the World Bank and

By Kester Kenn Klomegah Russia maintains very friendly relations with Zimbabwe, thanks to ties which evolved during the struggle for independence. Since then, it has had a very strong mutual sympathy with and friendly feelings toward the southern African people, government and country. One of the fora in which relations between the two countries are discussed is the Russia-Zimbabwe Intergovernmental Commission on Economic, Trade and Science and Technical Cooperation. Following its recent meeting in Moscow in August, IDN’s Kester Kenn Klomegah conducted an exclusive interview with Brigadier General Mike Nicholas Sango, Zimbabwean Ambassador to the Russian Federation, to gauge the

By Adedapo Adesanya Amazon Web Services (AWS) has made its physical presence in Nigeria, with the opening of its first office in Lagos. This was confirmed by Ms Amrote Abdella, the firm’s regional manager of sub-Saharan Africa, on Tuesday, saying the office was to reinforce its commitment to Africa. “We are excited to open our first AWS office in Nigeria,” she said. “Lagos offers a highly skilled and creative talent pool, and the area is home to many fast-growing startups and notable Nigerian enterprises leading the way in digital innovation,” she said. Ms Abdella said the new Lagos office was

By Dipo Olowookere Pro subscribers of Truecaller mobile application for unravelling caller’s identity can now know who last viewed their profile. This is because developers of the popular app have reintroduced the ‘Who Viewed Your Profile’ feature. However, this feature can only be enjoyed by Pro subscribers. The feature allows users to see who has viewed their profile, keeping them prepared for which calls to expect and from whom. Truecaller Pro users will receive a notification when another user has viewed their profile using Truecaller (please note that someone simply searching for another person wont trigger a Who Viewed My

By Adedapo Adesanya Oil prices were in positive territory on Monday, as worries of tight supplies outweighed fears that global demand could slow due to a strong US Dollar and possible significant increases in interest rates. Brent crude rose by 65 cents or 0.7% to trade at $92 a barrel, while the U.S. West Texas Intermediate (WTI) expanded by 62 cents or 0.7 per cent to $85.73 per barrel. A British public holiday for the funeral of Queen Elizabeth limited trade volume during London hours on Monday. Prices were boosted on indications of a supply problem as the Organisation of

By Modupe Gbadeyanka Government has been urged to implement and enforce the Violence Against Persons (Prohibition) Act (VAPP), which gives protection to widows in the country. This appeal was made by a non-governmental organisation in Nigeria known as the Chinwe Bode-Akinwande (CBA) Foundation. Founder of the group, Mrs Chinwe Bode-Akinwande, noted that the government needs to create more awareness about the act for widows to know their rights and also for people to tread with caution. Speaking with newsmen through a virtual conference in Lagos on Tuesday in commemoration of the 2020 United Nations’ International Widows’ Day, she said this