4 ‘Unnecessary’ Things Nigerian Celebs Should Stop on Social Media

By Kenny Nwosu When we think about the impact that private credit and other forms of financing have on African companies, we tend to think about things like business growth and success. But private capital’s impact, in particular, has gone far beyond that. Utilized properly, it can have an incredibly powerful and positive effect on the lives and livelihoods of ordinary Africans. That’s true not only when it comes to things like job creation. Private credit in the right sectors can make it much easier for Africans to get to their jobs, seek healthcare, have permanent, affordable energy, and many

By Jerome-Mario Utomi Wikipedia, the world information horsepower, defined Social Responsibility as an ethical framework in which individuals or corporations are accountable for fulfilling their civic duty and taking actions that benefit society. Viewed from a simpler prism, it means that individuals and companies must act in the best interests of their environment and society as a whole. The above subject (Social Responsibility) recently came flooding after listening to the news report that Ewuru Education Incentive Programme Organizers, a voluntary, non-governmental, non-political organisation, on September 12, 2023, donated hundreds of thousands of learning materials to Uweifo Primary School, Ewuru, Ika

By Nathaniel Nyika Small and medium-sized enterprises (SMEs) are the beating heart of Africa’s economies. According to the World Economic Forum, as engines of growth, SMEs are responsible for around 80% of the continent’s employment, ultimately helping to reduce poverty and income inequality, enabling the establishment of a new middle class and driving demand for new goods and services. That’s why creating an enabling environment for SMEs to access finance will enhance their ability to not only contribute to Africa’s labour force but also facilitate the continent’s development and economic growth while driving the innovation needed to help solve the

By Benson Uche Egbuchiwe Incidences of coup d’état within the West African subregion have yet again brought a new dimension to the question of democratic stability on the African continent. Recently, I had the opportunity to participate in a Zoom debate organized by my Law school classmates and the topic of discussion was coup d’états in Africa and its impact on democracy within Africa. Participants took turns to share opinions on this worrisome issue of military incursions and the obvious consequences. Interestingly, this topic aligned perfectly with my university project from over 25 years ago. For my undergraduate studies at

By Dipo Olowookere The Food and Agriculture Organization (FAO) has disclosed that farming and rural non-farm-based activities still have untapped potential to generate employment opportunities for Africa’s rising youth population. At a high level forum tagged ‘Harnessing Skills for Rural Transformation and achieving the Sustainable Development Goals’ held at the margins of the United Nations General Assembly, the agency said Africa has the youngest population and the fastest growing population in the world, predicted to double by 2050, pointing out that this has a major impact on the employment market. Although 10 to 12 million young people join the labour

By Modupe Gbadeyanka Foremost East African lender, Equity Group Holdings Plc (formerly Equity Bank Group), has announced that its proposed share swap deal with one of the major shareholders of Nigeria’s Union Bank Plc, Atlas Mara Limited, has still not yielded the expected results. In a notice to the Nairobi Securities Exchange (NSE) in Kenya on Tuesday, Equity Group, which is one of the most profitable banks in the region, confirmed that “as of the date of this announcement, the parties have yet to sign detailed transaction agreements and the Binding Term Sheet has expired.” However, the disclosure, signed by

By Dipo Olowookere Governor Akinwunmi Ambode of Lagos State has stressed that he will not bow to pressure from his political godfather’s camp to step down for his anointed candidate for the governorship primaries slated for Monday, October 1, 2018. Former governor of the state, Mr Bola Tinubu, who is regarded as the political godfather of Lagos State, had reportedly backed Mr Babajide Sanwo-Olu to replace Mr Ambode in 2019. But at a world press conference held in Alausa, Ikeja on Sunday, September 30, 2018, the Governor said he will not step down for Mr Sanwo-Olu. Mr Ambode said he

By Adedapo Adesanya The Naira depreciated on the US Dollar at the Investors and Exporters (I&E), the parallel market, and the Peer-to-Peer (P2P) segments of the foreign exchange (FX) market on Monday, September 4. During the trading day, the local currency lost 1.01 per cent or N7.49 against the US currency in the official market to settle at N747.87/$1, in contrast to the preceding session’s N740.38/$1, as the value of transactions waned by 58.2 per cent or $103.89 million to $74.64 million from $178.53 million. In the P2P market, the value of the Nigerian currency shrank against the United States

By Dipo Olowookere President Muhammadu Buhari is currently having a crucial National Council of State meeting with some former presidents of Nigeria, serving governors, heads of the two chambers of the National Assembly, the Governor of the Central Bank of Nigeria (CBN) and others. The gathering, which is taking place at the State House in Abuja, is believed to have been called to discuss the Naira redesign policy of the central bank, which has created tension across the country. The Governors of Kaduna, Kogi, and Zamfara State approached the Supreme Court recently to stop the implementation of the deadline for

By Adedapo Adesanya Despite the 49.4 percent week-on-week drop in the total value of securities traded at the NASD Over-the-Counter Securities Exchange, the total value of stocks on the bourse increased last week by N10.2 billion. According to data from the NASD Exchange, at the close of transactions last week, the 27th of this year, the exchange grew by 1.98 percent. Consequently, the NASD unlisted securities index increased by 13.95 points to close the week at 716.96 points as against the 703.01 points of Friday, June 26, 2020. Equally, the market capitalisation of the exchange, which is the cumulative value

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed the 29th trading week of the year on a positive note with a slight growth of 0.04 per cent. Last week, the market only operated for three days due to the public holidays for Tuesday and Wednesday for Sallah by Muslims. In the week, the NASD Security Index (NSI) of the NASD OTC Exchange increased by 0.32 points to close at 754.43 points as against 754.11 points of the previous week. In addition, the market capitalisation of the bourse increased by N280 million to settle at N655.73 billion compared to

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange opened the week in the negative zone on Monday, December 12, as a slide in the price of FrieslandCampina WAMCO Nigeria Plc dragged the bourse down by 0.06 per cent. The milk-producing company suffered a 29 Kobo loss yesterday to trade at N66.21 per share compared with last Friday’s value of N66.50 per share. This weakened the market capitalisation of the NASD OTC exchange by N570 million to N932.78 billion from the N933.35 billion it closed in the preceding session. Similarly, it shortened the NASD Unlisted Securities Index (NSI) by 0.43