My Target is to Feed 320m People in West Africa—Dangote

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

Forex trading is an exciting and money-making venture, whether you do it as a hobby or a full-time job. In this article, Traders Union (TU) experts will talk about becoming a full-time trader and its advantages and disadvantages. They will also explain how much you can earn. Main steps to become a full-time trader So how to become a full-time trader? There are different options. TU’s analysts will explain each one: Forex prop company Pros: Access to funding: you can get funding from the company to increase your capital. Zero risk: your risk is low because the company provides the

By Adedapo Adesanya Nigeria has repaid a total of $12.56 billion in external debt as of 2022, data from Intelpoint showed. According to the latest debt figures, Nigeria’s total public debt rose by 75.3 per cent to N87.38 trillion at the end of the second quarter of 2023 against N49.85 trillion recorded in the first quarter of the year. The rise came as the country securitised the N22.71 trillion Ways and Means Advances of the Central Bank of Nigeria (CBN) to the federal government. The overdraft is a loan facility through which the CBN finances the shortfalls in the government’s

By Adedapo Adesanya The local content in Nigeria’s oil and gas sector has experienced a significant surge, recording a rise of about 54 per cent in 2022 compared to 26 per cent in 2017. This was disclosed by Mr Simbi Wabote, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), on Monday during his presentation at the ongoing Nigerian Oil and Gas Energy Week in Abuja. He disclosed this encouraging development, highlighting the remarkable progress in promoting indigenous industry participation. During his presentation at the event with the theme Nigerian Content’s Role in Achieving Energy Security, Mr

By Modupe Gbadeyanka One of the members of the two-man music group, Zule Zoo, Mike Aboh, has died after he slumped while taking his bath on Saturday morning in Makurdi, Benue State. His group sang the popular street song Kerewa, though, after a while, the duo struggled to remain in the spotlight as they were pushed aside by younger artists, who are now ruling the airwaves. Aboh, who was born Michael Tertsea Aboh, recently admitted in an interview he was going through some challenges. According to reports, he had to relocate to Benue State when he could no longer meet

By Modupe Gbadeyanka A British multinational bank and financial services company headquartered in London, Barclays Plc, has been selected by a consortium of Nigerian banks to look for new investors for 9mobile, formerly Etisalat Nigeria. In the middle of this year, after failing to meet up with repayment plans of the $1.2 billion loan it took from over 10 banks, Etisalat Group pulled out of Etisalat Nigeria, warning that the use of its brand name in the country be stopped. This led to the change of name of Etisalat Nigeria to 9mobile in July 2017. The banks owed by 9mobile

By Adedapo Adesanya Many businesses are expected to feel the impact of Nigeria’s flood crisis, and key among these are operators in the logistics space. In a notice to its customers, one of the country’s major operators, GIG Logistics, announced that it would no longer be able to make deliveries to Yenagoa, the capital of Bayelsa State, as the flood has made the state inaccessible. The company noted, “This is to inform you that Yenagoa is no longer accessible due to the ongoing flooding in the southern region. “As a result, we will not be able to deliver items to

By Nneka Okumazie No matter how rich, powerful, strong, connected or whatever else is coveted any human being was a thousand years ago, it is probably valueless to the majority today. The world is often shaped by increase and example. Increase of people, places, trade, knowledge, inventions, policies, government types, etc. Increase and example can be positive or negative. This world, being unpredictable, takes turns – that for individuals, most times what keeps in check are examples – great ones, not necessarily increase. The fun or whatever else anyone had many years ago is worthless to whatever is needed for

By Dipo Olowookere A top shot at First Bank of Nigeria Limited, Dr Remi Oni, has advised students on things to look out for when choosing a career in life. Mr Oni, the Executive Director in charge of Corporate Banking, emphasised that students must assess and know their academic strengths and weaknesses before making a career choice. According to him, by knowing their academic strengths and weaknesses early, students would be able to make informed choices on the paths to take and how they should go about achieving their dreams. The bank chief, who spoke at a career counselling session

By Modupe Gbadeyanka An additional N300 million has been donated by Union Bank of Nigeria Plc for the fight against coronavirus disease (COVID-19) pandemic in the country. This donation is part of the company’s multi-pronged approach to tackle the spread of virus and help the government’s efforts towards achieving this goal. As part of the Private Sector Coalition Against COVID-19, Union Bank has contributed N250 million into the fund set up by the coalition to raise N120 billion to fight the outbreak in Nigeria. In addition, the bank also made a further donation of N50 million to the Lagos State

By Adedapo Adesanya The Agricultural Transformation Agenda Support Programme Phase 1 (ATASP-1) spearheaded by the African Development Bank (AfDB), is said to have injected about 209,464 metric tonnes of food valued at N36.2billion into the Nigerian economy in four years. The National Programme Coordinator, Mr Mohammad Arabi, who disclosed this at a news conference, yesterday, in Abuja, also said the project, which was funded to the tune of $174.85 million by AfDB, has created about 299,615 jobs. The project that commenced in 2015, and implemented in Jigawa, Anambra, Enugu, Niger, Kano, Jigawa and Kebbi States, was initially targeted to add