Priya Heal Joins UnityKapital Assurance Board

By Modupe Gbadeyanka A firm established to help fix the global trade finance gap, Finverity, has disclosed that it is repositioning its brand and product offering for its next phase of growth. To achieve this, it has hired Mr Adam Ryan as its Chief Marketing Officer (CMO). He has been working with the leadership team at Finverity to build a brand and product suite that better reflects this purpose, as well as Finverity’s position at the leading edge of trade and SCF technology. Before now, Mr Ryan served as the CMO of Azimo, the global payments fintech, where he led

By Adedapo Adesanya Vice President Kashim Shettima has lauded Google’s N1.2 billion grant to the federal government’s one million jobs scheme. In a statement from Mr Olusola Abiola, the Director of Information at the Office of the Vice President, the announcement of a grant of N1.2 billion to support the administration of President Bola Tinubu’s digital jobs initiative was commendable and worthy of emulation by other companies as he received some executives of Google at the Presidential Villa on Monday. “Let’s think outside the box and create more job opportunities. We need to walk the talk. It is easy to

By Adedapo Adesanya President Bola Tinubu has appointed Mr Zaccheus Adedeji, his Special Adviser on Revenue, as the acting Chairman of the country’s tax collection agency, the Federal Inland Revenue Service (FIRS). The announcement means he will take over from Mr Mohammed Nami, who headed the position until recently and marks a new chapter in the leadership of one of the country’s most critical revenue agencies. Mr Adedeji, who hails from Oyo State, brings a wealth of experience to his new role and will be seeking to use his knowledge in driving revenue generation and financial management as Nigeria moves

By Dipo Olowookere Lagos-based Fast-Moving Consumer Goods (FMCG), Unilever Nigeria Plc, has announced that it recorded a sharp decline in the revenue generated in the first quarter of 2019. According to the financial statements of the firm released on Thursday, it was disclosed that the revenue generated in the first three months of this year went down to N19.2 billion from N24.3 billion. However, the company was able to reduce its cost of sales in the period under review to N15.4 billion from N17.6 billion. Also, the marketing and administrative expenses reduced to N1.5 billion from N2.3 billion, while the

By Aduragbemi Omiyale The presidential candidate of the ruling All Progressives Congress (APC) in the February 25, 2023, election, Mr Bola Tinubu, has again criticised President Muhammadu Buhari for weakening the Naira in the foreign exchange (FX) market. Speaking on Tuesday in Cross River State for his campaign, the former Governor of Lagos State said Mr Buhari’s administration had bastardised the Naira’s value from N200 to a Dollar he met the rate in 2015 to nearly N800/$1 at the moment in the parallel market. “They (the government of Mr Buhari) moved the exchange rate from N200 to N800 (in the

By Dipo Olowookere The local stock market recorded a gain on Tuesday after opening bearish on the first trading day of this week on Monday. This was mainly due to activities of bargain hunters on the floor of the Nigerian Stock Exchange (NSE) as they take advantage of the low prices of equities to shore up their portfolios. The All-Share Index (ASI) appreciated today by 674.27 points to close at 33,114.44 points, while the market capitalisation increased by N242 billion to settle at N12.089 trillion. Business Post reports that at the close of business on Tuesday, there were 26 price

By Adeniyi Ogunfowoke There is no easy path to making money. You have to work extremely hard and even engage in additional jobs that can sometimes be stressful to earn a living. However, with the gig economy becoming ever more popular, you can still keep your 9 to 5 job and still earn some extra income without sweating. You only need a good internet connection. In Nigerian parlance, it is often referred to as a side hustle. A gig economy is a free market system in which temporary positions are common and organisations contract with independent workers for short-term engagements.

By Adedapo Adesanya The Nigerian Naira recorded a better performance against the United States Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Wednesday, April 6. This was because the local currency appreciated by 0.08 per cent or 33 kobo to close at N416.50/$1 compared with the preceding session’s N416.83/$1. The indigenous currency regained its strength at the spot market yesterday on the back of improved FX supply to the market window, which enabled end-users to have their requests met by the dealers, which were mostly financial institutions. At the spot market, it was

By Dipo Olowookere Following the launch of MainOne’s Cloud Connect product and successful delivery of the Microsoft ExpressRoute service which connects large enterprises in Nigeria to Microsoft’s Azure Cloud, Microsoft has named the Nigerian tech firm as its provider for Nigeria. MainOne is West Africa’s leading communications Services Company and operator of the premier Tier III Data Centre. With this recognition, MainOne will continue to offer private, high-speed connections for customers to Microsoft Azure thus improving the performance of their enterprise applications and cloud infrastructure services. Speaking on the achievement, Chief Executive Officer of MainOne, Ms Funke Opeke, stated that

By Modupe Gbadeyanka Investors in the Nigerian capital market (equities category) recorded a gain of N2.8 billion after having had to endure four days of straight losses. The major market indicators at the Nigerian Stock Exchange (NSE) finished in the green zone, boosting the confidence of investors. The market had a marginal gain of 0.03 percent, with 18 stocks appreciating in value at the close of activities compared to 20 equities, which recorded losses. The top decliners on Wednesday were Dangote Cement, which lost N4 to close at N154                per share; International Breweries, which fell by 57k to finish at

By Dipo Olowookere Discussions about trade have been held between the South Africa government and the European Union (EU). The Minister of Trade and Industry and Minister of Agriculture, Forestry and Fisheries met with the Ambassador of the EU, Dr Marcus Cornaro, to discuss bilateral trade relations. The meeting took place in the context of the entry into force of the Economic Partnership Agreement (EPA) between the EU and the Southern African Development Community (SADC) EPA group in October 2016. The Minister of Trade and Industry, Rob Davies; and Minister of Agriculture, Forestry and Fisheries, Senzeni Zokwana; agreed that the