Stockbroker in Court Over Missing GTCO Shares of Ex-Union Bank Chairman

By FBS As Black Friday approaches, global broker FBS delves into the relationship between the year’s biggest sales season and its impact on the financial markets. The FBS analysts particularly discover the trends of the world’s largest economy – the American. They analysed reactions across assets and macroeconomic conditions to understand the Black Friday impact better. What influences the Black Friday numbers FBS analysts highlight three critical indicators for gauging Black Friday’s impact on the US economy: the number of buyers, the average amount spent, and the total spending. Over the past 18 years, notably successful in terms of total

By Modupe Gbadeyanka The Nigerian National Petroleum Company (NNPC) Limited is planning to grow its revenue to N4.5 trillion as it plans to end the importation of premium motor spirit (PMS), otherwise known as petrol, by December 2024. The chief executive of the company, Mr Mele Kyari, while speaking on Thursday, said the nation would not need to rely on fuel from outside the country because its refineries would have been fully operational. Nigeria is currently revamping its four refineries to make the product available to residents of the country as it officially stopped the payment of subsidy on petrol

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded yet another positive week-on-week performance after stretching its gains by 1.44 per cent in Week 47. This expanded the portfolios of NASD investors by N17 billion in the week to N1.162 trillion from the N1.145 trillion recorded in Week 46, as the NASD Unlisted Security Index (NSI) increased by 12.16 points to 857.29 points from 845.13 points in the previous week. The trading week was with three price gainers and three losers, with Aradel Holdings Plc on top of the advancers’ chart after it grew by 10 per cent to finish

By Dipo Olowookere South Sudan President, Mr Salva Kiir Mayardit, will present opening speech on June 5, 2017 in Cape Town, organisers of the event have said. This followed decision of the crisis-ridden country and Africa Oil & Power to work in partnership on a slew of initiatives to promote foreign direct investment in the East African country. Mr Mayardit is expected to present a keynote address at the conference, which will also host a special Market Spotlight session on South Sudan to feature Minister of Petroleum, Mr Ezekiel Lol Gatkuoth alongside key industry leadership to discuss developments in the

By Modupe Gbadeyanka The Index Governance Committee of the Nigerian Stock Exchange (NSE) has announced an update to the rules guiding the NSE Lotus Islamic Index. The NSE Lotus Islamic Index is one of the indices created by the stock exchange to track stocks of companies listed on the local bourse that are compliant with Islamic or Shariah laws. For instance, companies trading their shares on the stock exchange dealing with pork, alcohol, gambling, tobacco, and banks do not qualify to be part of the index. In a notice to the investing community on Monday, January 6, 2020 and signed

By Dipo Olowookere Leading pan-African banking group, Ecobank, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. Ecobank is currently welcoming submissions from all start-ups and developers in any of Africa’s 54 countries to enter its 2018 Ecobank Fintech Challenge at http://EcobankFintech.com. Ecobank Fintech Challenge was designed in partnership with the advisory firm Konfidants and is supported by several partners across Africa and globally. Applications for the competition

By Athu Karume The rapid growth of mobile money has changed the payment landscape in Africa, alleviating the limitations of physical cash and barriers to banking services. The African mobile money story started in Kenya in 2007, when Safaricom launched its M-PESA solution for peer-to-peer money transfers. Shortly thereafter, the service spread quickly, starting in East Africa, and spreading out to the rest of the continent. Most mobile operators, including Vodacom, MTN, Orange, Telma and Airtel, are now providing mobile money services in most African countries. The initial success story of money mobile is due to a quick money transfer

By Modupe Gbadeyanka Monday, December 27, Tuesday, December 28 and Monday, January 3, 2022, have been declared as public holidays by the federal government. A statement signed by the Permanent Secretary in the Ministry of Interior, Dr Shuaib Belgore, disclosed that the days were approved as work-free days for Christmas, Boxing Day and New Year’s Day celebrations. However, Nigerians, especially Christians, were enjoined to practice the doctrines of Christ, which include but are not limited to these – faith, hope and love. “We must emulate the life of Jesus Christ in His practice and teachings on humility, service, compassion, patience,

The ongoing public sector reform in Bayelsa State has helped the oil-rich region save additional N2.2 billion annually, Governor, Seriake Dickson, has said. Speaking last Wednesday at a meeting of labour leaders, members of the Post Primary Schools Board and Association of All Nigerian Conference of Principals of Secondary Schools (ANCOPSS), in Yenagoa, Mr Dickson noted that the reform was yielding positive results. According to him, the above amount was saved from the ongoing verification exercise in the mainstream civil service and that of the post primary schools in the state. The Governor said that the government had so far

The name Tunde Osinibosi might not ring a bell to some people, but Laface will surely do, especially for those conversant with the showbiz industry in Africa. This Ogun State-born man has contributed immensely to the growth of the entertainment industry in Africa and that is why he is highly respected. He was the bridge most artistes in Nigeria used to penetrate into the American music industry, which many believe is the world capital of the industry. The likes of 2Baba, Sound Sultan and many others can never forget the role this easygoing man called Laface played in their careers.

By Dipo Olowookere One of the leading media and marketing communications consulting firms in Nigeria, BHM, has announced the appointment of two new Executive Directors, Femi Falodun and Moruff Adenekan to its Board of Directors. The new board was strategically constituted in line with the company’s corporate governance structure and is expected to steer BHM in the right direction towards realizing its corporate mission and vision. Femi Falodun is currently the Chief Digital Officer for BHM. Under his leadership, BHM launched its digital agency, ID Africa, which became profitable within two years, establishing itself as a force to reckon with