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By Modupe Gbadeyanka A foremost search engine platform, Google, has released the findings of its 2023 Year in Search for Nigeria, showcasing the most popular searches, notable individuals, actors, musicians, topics, questions, and other subjects that captured Nigerians’ attention throughout the year. Google’s Year in Search is an annual analysis that reveals the top trending lists and also spotlights what the world searches to see, learn, and do. In Nigeria, this year’s results show a heightened interest in lifestyle, local politics, and notable personalities such as Moyo Lawal, Peter Obi and Oladipupo Oladimeji, aka Oladips, who topped the trending people’s

By Adedapo Adesanya Energy stakeholders have urged African countries, including Nigeria, the continent’s largest crude producer, to reject all anti-fossil fuel policies that may arise at discussions at the 28th Conference of Parties (COP28) in Dubai, the United Arab Emirates (UAE). They called on African countries to fiercely defend the role oil and gas play across the continent, adding that it has become clear that developed nations seem committed to phasing out fossil fuels, advocating for an anti-fossil fuel energy transition that does not take into account the needs of the developing world. For instance, the African Energy Chamber (AEC)

By Adedapo Adesanya Operatives of the National Drug Law Enforcement Agency (NDLEA) have uncovered illicit substances bound for Europe, the United Arab Emirates and Asia. Disclosing this in a statement on Sunday, NDLEA spokesman, Mr Femi Babafemi, said the illicit substances intercepted included various quantities of methamphetamine and opioids concealed in hems of new jeans trousers, dolls, buttons, local soap and tins of milo beverage. He noted that the operation was carried out by operatives of the Directorate of Operations and General Investigation (DOGI) at courier houses in Lagos, he said some of the items seized included tramadol 225mg concealed

By Adedapo Adesanya A three-member panel of the Economic Community of West African States (ECOWAS) Court of Justice has ordered the Government of the Republic of Benin to pay Mr Sunday Adeyemo, popularly called Igboho, 20 million CFA for unlawful detention. The court ordered that the money should be paid within three months. Igboho had on February 10, applied to the court challenging his arrest and detention in the French-speaking country. The ECOWAS court also directed the country to comply with its order and revert to the court with evidence of payment. Igboho was arrested alongside his wife, Ropo, in

By Modupe Gbadeyanka Two operators of the capital market have received life ban from the Securities and Exchange Commission (SEC), the market’s regulator, for alleged misconduct. SEC announced on Wednesday that the two operators, Mr Taofik Lawal and Mrs Iyabode Lawal, both directors of WT Securities Limited, were barred from operating in the Nigerian Capital market for life after they were found culpable of mismanaging stocks belonging to Mrs Opral Mason Benson. The industry’s regulator further said Mr Lawal and Mrs Lawal have also been blacklisted. Members of the public have therefore been warned not to transact any business with

By Adedapo Adesanya The Beer Sectoral Group (BSG) of the Manufacturers Association of Nigeria (MAN) has announced the creation of N50 million fund to support those affected by the violence that erupted after peaceful #EndSARS protests across the country were disrupted. The section of the manufacturing association made the announcement via a statement posted on Twitter. The group, which comprises makers of the beer brands in the Nigerian market, denounced the spate of violence that has occurred around the country and called on other agencies to effectively work towards lending a hand to help the victims. “Over the past few

By Investors Hub The major U.S. index futures are pointing to a roughly flat opening on Tuesday, with stocks likely to extend the lackluster performance seen in the previous session. Traders may remain reluctant to make significant moves ahead of Federal Reserve Chairman Jerome Powell?s semiannual monetary policy testimony before the Senate Banking Committee. Powell?s remarks are likely to be closely watched for clues about the outlook for interest rate hikes after the Fed previously signaled two more rate hikes this year. Nonetheless, a notable decline by shares of Netflix (NFLX) may weigh on the tech-heavy Nasdaq, with the video

By Adedapo Adesanya Monday, July 29, 2019, closed at the Investors and Exporters (I&E) segment on a positive note for the Naira, with the local currency appreciating by 10 kobo against the US Dollar as the pressure on the Naira begin to ease. At the market, the local currency traded against the American dollar at N361.87/$ from the previous N361.97/$, with the daily market turnover on Monday at $171.89 million. At the interbank, it was also a similar story as the Naira appreciated against the American Dollar, but this time by 5 Kobo to traded at the close of business

By Modupe Gbadeyanka The Securities and Exchange Commission (SEC) has directed that from Friday, September 1, 2017, proceeds from trades executed by brokers on the floor of the Nigerian Stock Exchange (NSE) would now be paid directly into investors’ bank account. This was revealed on Wednesday to newsmen after the agency held its first Capital Market Committee (CMC) meeting for 2017 in Lagos on Tuesday. The capital market regulator stated that the direct cash payment, which is presently optional, would be made compulsory for all investors from that day. Explaining the rationale behind this, Director General of SEC, Mr Mounir

By Dipo Olowookere United States-based rating agency, Fitch Ratings, has expressed worry about the sharp increase in the debt to revenue ratio of Nigeria. A director at Fitch, Mr Mahmoud Harb, informed Reuters in a chat that this and another factor could force his organisation to further downgrade the rating of Africa’s largest economy. Mr Harb listed the other factor that could trigger a rating lowering as a rising decline in the foreign exchange inflows into the country, which is mainly derived from crude oil sales. According to Fitch, Nigeria will need not less than $23 billion to meet its

By Adedapo Adesanya NASD Over the Counter (OTC) Securities Exchange closed on Tuesday, October 15, 2019 with both the NASD Security Index (NSI) and market capitalization remaining flat. This means that market capitalization saw no movement as it remained unchanged N512.37 billion on Tuesday from what was recorded last Friday and after Monday’s transactions. Also, the NASD Security Index (NSI) remained flat as it neither appreciated nor depreciated from percentage points that was previously quoted at 713.17 points. Notwithstanding this, the activity level, which measures the total volume and value of trades alongside number of deals executed rose at the

By Adedapo Adesanya Nigeria will start its first national census in 17 years at the end of March as the National Population Commission (NPC) has fixed the national population and housing census for March 29 to April 2, 2023. The NPC chairman, Nasir Kwarra, disclosed this while speaking with State House reporters after a meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, on Friday. “By March 29 to April 2, our staff will be in the field enumerating people,” he said. Nigeria’s estimated population is more than 200 million, and the United Nations expects that to double by