Traders Union Has Shared Useful Tips On How To Become A Full-Time Trader In 2023

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 Modupe Gbadeyanka The sum of N27.5 trillion has been approved for the 2024 budget by the Federal Executive Council (FEC) on Monday. The Minister of Budget and Economic Planning, Mr Atiku Bagudu, confirmed this development to newsmen after the FEC meeting in Abuja. He also disclosed that the council, which was chaired by President Bola Tinubu, said the 2024 Appropriation Bill should be funded from N18 trillion revenue expected to be generated by the country. “The federal executive council considered the 2024 Appropriation bill. The Medium Term Expenditure Framework (MTEF) was earlier approved by the National Assembly. It has

By Adedapo Adesanya  Nigeria’s economy, measured through its gross domestic product (GDP), witnessed a 2.54 per cent growth in the third quarter (Q3) of the year 2023. In a report published on Friday by the National Bureau of Statistics (NBS), the 2.54 per cent year-on-year growth in real terms in the third quarter of 2023 is higher than the 2.25 per cent recorded in the third quarter of 2022 and higher than the second quarter 2023 growth of 2.51 per cent. The bureau further said that the performance of the GDP in the third quarter of 2023 was driven mainly by

By Modupe Gbadeyanka Trading activities on the floor of the Nigerian Stock Exchange (NSE) opened for the new week on Monday on a negative note. The stock market, which reversed a downward trend last Friday, resumed bearish today after pointing south by 0.40 percent, shrinking the year-to-date return to 17.44 percent. The loss occurred as the Central Bank of Nigeria (CBN) failed to hold its first Monetary Policy Committee (MPC) meeting for the year today as a result of lack of quorum. Like in America, where the Senate failed to pass the country’s spending bill, leading to a government shutdown

By Aduragbemi Omiyale Seven modern mobile ultrasound systems have been donated by GE Healthcare West Africa to the Abiye Maternal and Child (AMCH) International Foundation. AMCH is a non-governmental organisation that aims to provide up-to-date evidence-based life-saving knowledge and skill to frontline health workers in communities across Nigeria. Its mission is to help contribute to health system strengthening and quality improvement for maternal and newborn care. The items were given to the organisation at its office in Maryland, Lagos to help increase access to quality maternal and child medical services especially in rural areas in the state. At the presentation,

By Modupe Gbadeyanka A Memorandum of Understanding (MOU) has been signed between the Nigeria Deposit Insurance Corporation (NDIC) and its South Korean counterpart, the Korea Deposit Insurance Corporation (KDIC) for the benefit of financial institutions in both countries. A statement issued by the NDIC disclosed that the deal was sealed at an elaborate ceremony within the premises of the KDIC in Seoul, South Korea on Wednesday, August 7, 2019. The partnership between both African and Asian agencies, which are key members of the International Association of Deposit Insurers (IADI), centres on a wide range of issues intended to facilitate the

By Modupe Gbadeyanka Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has assured Nigerians that the country will finally pull out of recession in second or latest third quarter of this year. He made this disclosure on Tuesday in Abuja after a closed-door meeting with the Senate, led by its President, Mr Bukola Saraki. During the meeting, the central bank boss briefed the Senate leadership on foreign exchange, fiscal and monetary policies all aimed at getting the country out of recession. “We are very much optimistic that by the end of the second quarter, very latest third

By Modupe Gbadeyanka When Miss Chidinma Okeke, a 19-year-old student of Nnamdi Azikiwe University, Awka won Miss Anambra Beauty Pageant organised by the Anambra Broadcasting Service (ABS) in 2015, little did she or anyone else know that her reign as a beauty queen would record a sad end. The 300-level student of Medical Laboratory who hails from Ogboji community in Orumba South council area of Anambra State had been enjoying the benefits of her position until October 11, 2016 when she was unceremoniously stripped of her crown by the organisers of the pageantry. The star prize, a car given to

By Dipo Olowookere Operators in the Nigerian capital market have been warned against making any misleading or false information or be ready to face the consequences of their actions. The industry’s apex regulatory agency, Securities and Exchange Commission (SEC) gave this warning while reacting to media reports that all was now set for the much-anticipated listing of MTN Nigeria shares on the Nigerian Stock Exchange (NSE). In a statement signed by its management, SEC said there was no iota of truth in the reports. The agency emphasised that MTN Nigeria was yet to file an application to list its equities

By Modupe Gbadeyanka Shareholders of Conoil Plc have been promised a mouth-watering return on investment as a result of the “significant investments” made to strengthen the company’s retail network. This assurance was given by the Chairman of Conoil Plc, Mr Mike Adenuga, during the 50th Annual General Meeting (AGM) of the organisation held virtually in Lagos over the weekend. The businessman, while addressing shareholders of the firm at the gathering, noted that Conoil has strategically positioned its business to take advantage of emerging opportunities in the downstream oil sector. He emphasised that with this strategy in place, shareholders should expect

By Adedapo Adesanya Manchester United have announced the signing of Danish International footballer, Christian Eriksen, for three years as his contract with the English club will run till 2025. The midfielder has been capped 115 times for Denmark, scoring 38 goals for his country. Eriksen has played 237 games in the Premier League, registering 52 goals and 71 assists. Speaking on the transfer, Christian Eriksen said, “Manchester United is a special club, and I cannot wait to get started. I have had the privilege of playing at Old Trafford many times but to do it in the red shirt of