British, Kenyan Soldiers Hold Joint Military Training

By Adedapo Adesanya The African Export-Import Bank (Afreximbank) has called on African countries to prioritise the development of public and private export trading companies (ETCs) in order to position the continent’s small and medium enterprises (SMEs) to participate effectively in global trade. This was a core message in an address to the Africa International Exhibition on the sidelines of the United Nations General Assembly in New York by Mrs Kanayo Awani, Afreximbank’s Executive Vice President, Intra-African Trade Bank, speaking on behalf of Bank President Mr Benedict Oramah. She said that SMEs participating directly in global trade face stiff competition from

In the event that you’ve seen our stuff show, you realize there are heaps of things on it. The rundown contains discretionary, suggested and required things. However the expected things are required, there are things that are more critical than others with regards to your security, solace, and achievement. In this article we examine the 7 most significant things on the Kilimanjaro gear list. For more information check Africa Joy Tours  With regards to choosing these pieces, you need to be particularly careful that they will finish the work. Knit cap You might have heard the familiar maxim that you

By Adedapo Adesanya Russian President, Mr Vladimir Putin, told the BRICS summit participants in South Africa on Thursday that Moscow intends to deepen ties with African countries for food and fuel supply. Speaking in a video link address, Mr Putin said Russia was interested in developing “multi-faceted ties” with Africa, which has been roiled by fuel and food price rises resulting from the conflict in Ukraine. This is coming after the country exited the Black Sea grain deal in July. This move has seen grain prices soar, hitting many African countries very hard. Russia and Ukraine are among the world’s

By Adedapo Adesanya  The Vice President, Mr Kashim Shettima, has departed Abuja for Johannesburg, South Africa, to represent President Bola Tinubu at the 15th BRICS Summit of Heads of State and Government. BRICS, an acronym for Brazil, Russia, India, China and South Africa, is a group of five major emerging and developing economies. In a statement released on Monday by Mr Olusola Abiola, the Director of Information in the Office of the Vice President, it was stated that the VP would be joining other business and political leaders across the world at the summit scheduled for the Sandton Convention Centre,

By Modupe Gbadeyanka A retired military personnel, Colonel Ali Sule Yakasai, has been appointed to the board of Great Nigeria Insurance (GNI) Plc. Mr Yakassai’s appointment was approved at the insurer’s 50th Annual General Meeting (AGM) held on Wednesday, July 25, 2018. A statement issued by the company to the Nigerian Stock Exchange (NSE) dated August 10, 2018, disclosed that Mr Yakassai was joining the board of GNI as an independent director. Mr Yakasai hails from Kano State and is a graduate of Bayero University Kano with a Bachelor’s degree in Sociology and Master’s degree in Intelligence Relations from the

By Modupe Gbadeyanka In the month of January 2020, top 10 stockbrokers licenced to operate in the Nigerian capital market were responsible for 49.15 percent (8.3 billion units) of the total volume of shares transacted in the month and 58.83 percent of the total value (N138.1 billion). By volume, Mainstreet Bank Securities Limited contributed the highest with 8.38 percent, trading 1.4 billion units of stocks, while Cardinalstone Securities followed with 6.16 percent after transacting 1.0 billion units. Coronation Securities traded 852.0 million shares (5.05 percent), CSL Stokebrokers transacted 794.5 million shares (4.71 percent), Morgan Capital Securities 792.3 million stocks (4.69

By Dipo Olowookere As part of efforts to make businesses in Nigeria securely request and receive payments directly from their customers without any hassles, PayU Nigeria has released an innovative and secure product called PayU Receive. PayU Receive is a secure payment solution that facilitates business-to-business and business-to-consumer payments easily via email or SMS. It allows businesses to make use of PayU’s safe and secure payment services by allowing them to send payment requests via email or sms to their customers. Customers then have the flexibility of paying via their bank cards or their bank accounts. This is a convenient

By Adedapo Adesanya Securities totalling 39.2 million units were transacted on Friday, March 27, at the NASD Over-the-Counter (OTC) Securities Exchange, 38,936 percent increase or 39.1 million units higher than the 100,380 units recorded at the previous session. However, the rise in the trading volume was not enough to push the key parameters up at the ended of the session as the market closed flat for the second straight day. Trading activities were done remotely due to the coronavirus pandemic, which has forced many businesses and activities to shut down so as to stop the spread of the virus. At

By Modupe Gbadeyanka An approval has been given to Union Bank Nigeria Plc by its shareholders to raise about N5 billion through rights issue. This came at an extraordinary general meeting of the bank that took place on Wednesday, December 7, 2016, in Lagos. It was gathered that the shareholders, in a bid to accommodate the new shares, approved the increase of authorized capital of the bank from N9.5 billion (made up of 19 billion ordinary shares) of 50 kobo each to N17.5 billion (made up of 35 billion ordinary shares) of 50 kobo each by the creation of additional

By Dipo Olowookere Africa’s largest economy, Nigeria, is planning to increase its national budget for the 2021 fiscal year by 18 per cent. A document released on Monday by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed that the sum of N12.7 trillion is being proposed by the federal government for the year. If approved, this would be exactly 17.6 per cent higher than the N10.8 trillion budget passed by the National Assembly for the 2020 financial year. Nigeria had to do a downward review of this year’s spending because of a decline in the main

By Aduragbemi Omiyale The Naira 4 Dollar promo of the Central Bank of Nigeria (CBN) will be discontinued from Friday, June 30, 2023; some commercial banks have informed their customers. The scheme was introduced by the central bank in March 2021 to help save the local currency when it came under foreign exchange (FX) pressure, which weakened its value in the currency market. However, the initiative could not achieve its goal as the Nigerian legal tender was further battered due to the forex crisis, influenced by the multiple exchange rate systems in the country. But some days ago, the CBN

By Modupe Gbadeyanka Edo State government has said it would commit one percent of its monthly allocation from federal government to support payment of stipends to vigilantes in the state. This, according to Governor Godwin Obaseki, is part of its efforts to find a lasting solution to the clashes between farmers and herders in the state and show appreciation to those checkmating the herders’ crisis. At a stakeholders meeting convened by him, Governor Obaseki constituted a technical committee on the matter, giving the panel two weeks to look into the worrisome issue and identify possible means of tackling it. Mr