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By Michael Owhoko, PhD With a thriving and fertile environment for extortion and racketeering, the process for obtaining the Nigerian passport has turned the booklet into a hire purchase document where applicants pay the official cost at the point of application, connoting preliminary downpayment, and thereafter compelled to pay a bribe as balance in instalments or in full, depending on the deal reached with Nigeria Immigration Service (NIS) officials involved in this underhand deed.  This is the practice nationwide. Applicants who fail to comply with this process risk delayed services characterized by uncertainty, except for Very Important Persons (VIP) and

By Carl Jordan It’s all too easy to underplay how social media and other online platforms have altered the advertising and marketing landscapes over the past 15 or so years. It’s given businesses of all sizes the ability to reach and engage with their customers in ways that simply wouldn’t have been possible previously. Moreover, it’s given those organisations’ marketing teams a greater sense of certainty that they’re reaching their intended target audiences. Rather than simply hoping that they reach those audiences through things like billboards and television ads, they can see and measure it in the data. But simply

By Jerome-Mario Chijioke Utomi It is pedestrian information that the BRICS economic bloc, one of the leading global voices for more representation of the developing world and the Global South in world affairs, ended a historic three-day summit in South Africa where it addressed a large set of socioeconomic issues pertinent to the members of the group in the presence of interested foreign representatives and organizations as well as announced to the watching world that six countries are set to join the group in 2024: Iran, Saudi Arabia, the United Arab Emirates, Argentina, Egypt and Ethiopia. The summit was themed

Africa is a continent of contradictions. The scars left behind by its many nations’ storied histories, as well as the new wounds opened by recent social and economic upheavals such as the global recession, the pandemic, climate change, and geopolitical tensions, mean that the continent continues to contend with challenges such as inequality, poverty, and other socio-economic issues. Yet, in the midst of these challenges, a quiet revolution is underway. Africa, often overshadowed by outdated stereotypes, is emerging as the next frontier for impact investing – a realm where profit meets purpose and where opportunities to catalyze positive change are

By Investors Hub Asian stocks finished broadly lower on Thursday as renewed concerns about the impact of tariffs offset earnings optimism and upbeat comments from U.S. Federal Reserve Chairman Jerome Powell during his two days of testimony. China’s Shanghai Composite Index fell 14.28 points or 0.5 percent to 2,772.98 despite moves by the central bank to boost the liquidity of commercial banks. Hong Kong’s Hang Seng Index eased 106.56 points or 0.4 percent to close at 28,010.86. The offshore yuan weakened to linger near a twelve-month low after the central bank weakened its fixing beyond 6.7. Japanese shares ended a

By Modupe Gbadeyanka Authorities of the Redeemed Christian Church of God (RCCG) have announced that the annual fast observed by the mission will commence next week. In a notice to church members, it was disclosed that this year’s edition will hold for only 49 days. According to the notice, the annual religious rituals will kick off from Friday, January 11, 2019 and end on Thursday, February 28, 2019. It was emphasised that the main prayer points for this year’s fast are for Nigeria; mercy, RCCG and divine insurance. “The annual RCCG Fast starts on Friday, January 11, 2019 and ends

By Adedapo Adesanya Global Partnership for Education (GPE) has extended a grant of $125 million to Nigeria to support the development of basic education in Oyo, Adamawa and Katsina states. This was revealed in Abuja on Friday when the Minister of Education, Mr Adamu Adamu, received a delegation from the GPE. In a statement signed by the Deputy Director, Media and Publicity, Mr Ben Bem Goong, it was disclosed that the aim of the grant handled through the Nigeria’s Partnership for Education Project (NIPEP) was to improve access and quality of basic education in the country, with particular focus on

By Dipo Olowookere On Wednesday, the federal government offered treasury bills worth N133.49 billion to investors at the market. The exercise, which was conducted via primary market auction, recorded a huge success because of the response it received from market players. Apart from the 3-month tenor bill, the two other papers were well oversubscribed by investors, whose appetite for high yields with less risk showed. However, this huge demand for the debt instrument issued by the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO) on behalf of the federal government dropped the average stop rates down by

By Modupe Gbadeyanka Latest data released by the Nigerian Stock Exchange (NSE) on Wednesday, February 1, 2017, has revealed that total foreign transactions decreased by 49.51 percent in 2016 from N1,025 billion recorded at the end of 2015 to N517.55 billion at the end of 2016. It was also disclosed that domestic transactions decreased by 28.02 percent from N880.56 billion to N633.82 within the same period. However, in the data obtained by Business Post, it was gathered that total transactions at the nation’s bourse increased by 48.91 percent from N64.39 billion recorded in November 2016 to N95.88 billion in December

By Investors Hub Asian stocks ended mixed on Tuesday as fears about political risks in Europe sapped investors’ appetite for risk and helped spur demand for safe-haven assets such as the Japanese yen and gold. Trading volumes remained thin across the region amid public holidays in China, Hong Kong and Taiwan. Oil prices dipped on persisting concerns about oversupply while the yen rallied after a round of positive economic data. The euro remained under selling pressure after ECB President Mario Draghi told European lawmakers in Brussels that the euro zone economy still needs a “fairly substantial amount” of monetary stimulus

By Modupe Gbadeyanka A report on inflation for the month of March has revealed that prices of some food prices increased, while others depreciated. According to FSDH Research, the prices of food items monitored in March 2017 moved in varying directions. The prices of garri, yam, beans, tomatoes and fish were up by 13.23 percent, 12.04 percent, 6.67 percent, 4.76 percent and 0.74 percent respectively. Meanwhile, the prices of onions, palm oil, Irish potatoes, sweet potatoes, rice and vegetable oil were down by 17.41 percent, 14.12 percent, 9.52 percent, 8.33 percent, 4.55 percent and 2.78 percent respectively. The price of

By Dipo Olowookere Trading in the shares of Conoil Plc and 10 other companies on the Nigerian Stock Exchange (NSE) has been suspended. The firms were sanctioned today by the NSE, which prohibited the exchange of their equities on the platform for failing to adhere to rules of the stock market. A statement issued on Tuesday by the Head of Listings Regulation Department at the NSE, Mr Godstime Iwenekhai, gave the names of the other companies as FTN Cocoa Processors Plc, Goldlink Insurance Plc, Guinea Insurance Plc and Lasaco Assurance Plc. Others are Niger Insurance Plc, R.T. Briscoe (Nigeria) Plc,