Even in the face of adversity, a resilient spirit, clear vision and an unwavering commitment can make all the difference in achieving success and positively impacting the world. Key takeaways Embracing pride for your business while maintaining respect for others and yourself will ultimately mold a sound backbone for what life throws amongst the discrimination […]
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Nigerian Exchange Limited (NGX). Photo/Facebook/ ngxgroup Following gains recorded in BuaFoods, Stanbic IBTC, and 29 stocks, the Nigerian equities market reopened in an upbeat yesterday, as market capitalization rose by N262 billion. At the close of transactions yesterday, the market capitalization of listed equities appreciated by 0.74 percent to N35.684 trillion from N35.42 trillion reported […]
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With Nigeria’s fiscal stability at a breaking point and the 2023 budget dismissed as unimplementable, Collins Olayinka and Joseph Chibueze write that the new Minister of Finance, Wale Edun, has his job in the next one year clearly cut out. For Nigerians and stakeholders in the financial space, the main task before Wale Edun as […]
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With Nigeria’s fiscal stability at a breaking point and the 2023 budget dismissed as unimplementable, Collins Olayinka and Joseph Chibueze write that the new Minister of Finance, Wale Edun, has his job in the next one year clearly cut out. For Nigerians and stakeholders in the financial space, the main task before Wale Edun as […]
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Osun Osogbo Festival is one of the biggest annual traditional festivals among the Yoruba people in the south western part of Nigeria. Osogbo, the host community is the capital city of Osun State and the festival started about 700 years ago. The festival is usually celebrated annually in the month of August. August 11 this […]
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The Central Bank of Nigeria (CBN) has threatened to punish banks engaging in illegal sales of forex. The acting Governor of CBN, Folashodun Shonubi, who disclosed this during a lecture titled: “Diaspora Remittances and Nigerian Economic Development”, in Abuja, emphasised the importance of strict steps to restrict illegal remittances and channel them via appropriate means […]
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• Seek regulators’ intervention In a new twist, aggrieved shareholders of FBN Holdings Plc, yesterday, stormed the bank’s head office in protest against plans to cancel its forthcoming yearly general meeting (AGM). The shareholders, who protested at the Head office of FBNH at Marina Lagos, decry the move by some individuals seeking a court injunction […]
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• Five banks hold N11.8 trillion govt securities• Economic distress real concern, say experts • As Nigeria, Kenya show signs of replicating Ghana’s path • Lenders urged to restrict NPL to less than 10% • ‘Concerns about default are tenable, debt-to-revenue ratio is rising’ As African governments fight to stave off debt distress, experts have […]
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NSE trading floor Photo: Femi Adebesin-Kuti Lingering foreign exchange crisis, inflation, insecurity, high cost of operations coupled with uncertainty, and fuel subsidy crisis have continued to take a toll on the operations of firms listed on the Nigerian Exchange Limited (NGX), triggering a gale of delisting. Indeed, since the 2007-2008 financial crisis, the Nigerian economy […]
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CCS Insight indicated a growing appetite for second-hand smartphones, with revenue from the segment hitting $13.3 billion Q1, up from $9.1 billion in the comparable period of 2022. The research company stated the second-hand sector booked sales growth of 14 percent year-on-year, outpacing the market for new devices. It identified a high demand for second-hand […]
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