Former Chancellor of the Exchequer, Rishi Sunak, has emerged the UK’s next prime minister after Penny Mordaunt dropped out of the Tory leadership race in the final minutes before nominations close. According to the BBC, this announcement was made Monday afternoon after it emerged that ex-PM Boris Johnson pulled out of the race to seek […]
Nigeria’s currency, the Naira slightly recovered in exchange value against the US dollar at the black market on Monday and traded at N753/$1 compared to the N755/$1 it traded on Friday. According to information sourced from black market traders by our correspondent, the appreciation of the Naira at the parallel market was due to increased […]
Nigeria’s Ambassador to the Russian Federation, Prof. Abdullahi Shehu, on Sunday restated Federal Government’s plans to resuscitate the Ajaokuta Steel Company, one of nation’s largest assets, through new discussions with potential Russian investors. The envoy was quoted by the News Agency of Nigeria (NAN) as giving this hint in Moscow during an interview, recalling that […]
The Association of Securities Dealing Houses of Nigeria (ASHON) has charged its members to commence adopting new business strategies to enable them cope with the emerging challenges and peculiarities of the operating environment and reposition their entities for improved competitiveness in the investment market. The Chairman of the association, Mr. Sam Onukwue, gave the charge during […]
The Securities and Exchange Commission (SEC) Nigeria, in collaboration with the Financial Literacy Technical Committee (FLTC), will from today through Friday this week join the global community to celebrate the 6th edition of the 2022 World Investor Week (WIW). The WIW is being coordinated by the International Organisation of Securities Commissions (IOSCO) and the key message […]
Pan-African cryptocurrency company, Yellow Card, has made another significant stride in the industry, becoming the first cryptocurrency company on the continent to be granted a Virtual Asset Service Provider licence to operate in Botswana. The licence, in accordance with Section 11 of the Virtual Asset Act, 2022, was issued by the Non-Bank Financial Institutions Regulatory […]
Investment analysts at Bancorp Securities Limited, one of Nigeria’s investment research and consultancies, have predicted cautious trading in the nation’s equities market this week as investors try to explore stocks with promising return opportunities following some days of the market’s not-too-impressive performances. The investment experts, in the firm’s ‘Weekly Stock Recommendations: Oct 24th–Oct 28th, 2022’ […]
The National Agency for Food and Drugs Administration and Control (NAFDAC) has restated its determination to attain the World Health Organization (WHO) Maturity Level Four certification, as a regulatory step towards making pharmaceutical products manufactured in Nigeria competitive in the rapidly transforming the global market. The agency’s Director-General, Prof. Mojisola Adeyeye, who made this remark […]
The Minister of Communications and Digital Economy, Prof. Isa Pantami, has told state governors that the potentials of broadband are so enormous that if made available for their citizens, will be the best gift for their economic emancipation. Pantami made this remark at the maiden edition of Broadband Technical Awareness Forum for Governors (BTAF), organised […]
The African Development Bank (AfDB) has launched a multinational project to create jobs and improve livelihoods for youths in three African countries, namely Nigeria, Democratic Republic of Congo (DRC) and Uganda. The initiative tagged ‘The Creating Sustainable Youth MSMEs Through Urban Farming (SYMUF)’ will support young farmers in the three countries who are attracted to urban […]