Nigeria Faces FIBA Suspension After Withdrawal

By Adedapo Adesanya South African football club, Mamelodi Sundowns, have emerged as the first-ever champions of the African Football League (AFL) title, defeating top Moroccan side, Wydad Athletic Club, 2-0 in Pretoria on Sunday. Sundowns trailed 2-1 from the first leg played in Casablanca last weekend, and they ensured they won by a margin of two goals with a clean sheet to engrave their names in the books of history. The South African Premier Soccer League side sealed a 3-2 aggregate win to claim the top prize. Sundowns striker, Peter Shalulile, returning to the team after weeks out with injury,

A new study by betting comparison site punters.pub has revealed the Premier League teams who received the most yellow and red cards over the last five seasons. The research ranked the 12 teams that have been ever-present in the Premier League since the start of the 2018/19 season, allocating them an average disciplinary score per game. The scoring system here dictates that a yellow card equates to one point, and a red card to two, therefore the teams with the highest score per game have committed the most cardable offences in the past five seasons. Manchester United are the club

By Adedapo Adesanya The Federation of International Football Association (FIFA) has announced the trio of Morocco, Portugal and Spain as the joint host of the 2030 World Cup. It will be the second time the quadrennial tournament will be played on the African continent after South Africa hosted the 2010 edition but will be the first time it will take place in North Africa. The 2030 World Cup, which will mark 100 years since the first one was played in Uruguay, will involve teams playing in six countries, each of which will qualify automatically. The tournament has never been played

By Adedapo Adesanya A rise in volume of shares transacted on Thursday, January 9, 2020 at the NASD Over-the-Counter (OTC) Securities Exchange was not able to help the market print a positive outcome as key parameters remained flat. The session on Thursday saw a total of 13,810 units transacted by investors, 35.4 percent or 3,610 units higher than the 10,200 units recorded at the market on Wednesday. However, this was not able to push market capitalisation beyond N501.49 billion it settled the previous day, just as the NASD Unlisted Security Index (NSI) remained unchanged at 698.04 points at the close

By Tenebe Anthonia As corporations all over the world battle the impacts of the Coronavirus (COVID-19), the support of securities exchanges for capital market ecosystems has become even more relevant in building sustainable businesses and stimulating growth across Africa. The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, shared some of the efforts of the NSE in this regard during the African Stock Exchanges panel session at the Brand Africa 100 Launch in commemoration of Africa Day 2020, organised by IC Events, Brand Leadership and Africa Practice on Monday, May 25, 2020. Mr Onyema, alongside the

By Dipo Olowookere The treasury bills market was rather quiet on Thursday, November 09, 2017 as the Central Bank of Nigeria (CBN) continued with the sale of bills via the open market operations (OMO). Today, the apex bank raised its offer of OMO bills to mop up excess inflows from maturing OMO bills. At the close of business, the central bank, which had offered to auction bills worth N200 billion, could only sell N83.228 billion worth of bills as investors traded with caution. A breakdown of the exercise showed that the chief lender sold the 105-day bills worth N238 million

By Investors Hub European stocks have moved mostly higher on the day as investors digest the European Central Bank?s monetary policy announcement. While the French CAC 40 Index has climbed by 0.7 percent, German DAX Index is up by 0.4 percent and the U.K.?s FTSE 100 Index is up by 0.3 percent. On the data front, German consumer price inflation climbed 2.2 percent year-on-year in May, faster than the 1.6 percent increase in April but in line with the estimate published on May 30th, final data from Destatis showed. French consumer price inflation accelerated as initially estimated in May, while

By Modupe Gbadeyanka Pioneer of Nigeria’s first fully digital bank ALAT, Wema Bank Plc, is reinforcing its presence in northern Nigeria as it opened a new branch in Maraba, Nasarawa State. Maraba is growing rapidly as an economic hub, feeding off the Federal Capital Territory (FCT) as a result of the continuous growth and expansion of administrative and economic activities of Abuja into neighbouring towns. The new branch is positioned to serve this burgeoning market. The new branch offers a comprehensive range of banking services including deposits and loans, trade services, and payment, as well as cash management solutions. The

By Adedapo Adesanya X, the social media site formerly known as Twitter, has announced moves to strip headlines from articles shared on the site. This is the latest move by the founder of the app, Mr Elon Musk, who has made a series of changes to the app he acquired for $44 billion in October last year. According to Fortune, X will strip headlines from articles shared on the site. Posts would only include the lead image and the URL unless the person or publisher posting the link adds their text, per materials the outlet viewed. After the publication of

By Olukayode Kolawole I was privileged to attend the 12th edition of the African Travel & Tourism Conference (Akwaaba): a gathering of travel and tourism experts in Africa – both from private establishments and various government parastatals. The event held at the Eko Hotel & Suites, Lagos on Sunday October 31 through Tuesday November 1 2016. My attendance was indeed a worthwhile investment as it exposed me to a cocktail of different issues stalling the growth of the industry as well as practical recommendations that are believed to be the fertilizer African tourism needs to germinate. For me, the icing

By Dipo Olowookere Federal Government has released how it disbursed the first tranche of N516 billion of the Paris Club debt refund to the 36 states of the federation and the Federal Capital Territory (FCT) Abuja. A statement released on Friday and signed by the Director of Information in the Ministry of Finance, Mr Salisu Dambatta, revealed that five states received a total N135.09 billion, representing 26.1 percent of the entire amount refunded by the Federal Government to all the states and the FCT. These states, according to the statement, are Rivers, Delta, Akwa Ibom, Bayelsa and Kano, which respectively