Competition marks a decade of existence UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has commenced the 2020 edition of its annual National Essay Competition (NEC) in Nigeria with a call for entries. Now in its tenth year, the NEC is part of UBA Foundation’s education initiative which is aimed at promoting the reading culture and encouraging healthy and intellectual competition amongst secondary school students in Nigeria and across Africa. This year’s edition, which is the 10th since inception, has been modified to ensure…
Read moreDay: August 30, 2020
NGSE Volume: Uncertainty As Dividend Stocks Delay Half-Years Earnings Reports
Market Update for the Week Ended August 28 and Outlook for August 31- Sept 4 By Investdata Analysts Trading on the Nigerian Stock Exchange (NSE) for the last full trading week of August closed positively on Friday, extending the sixth consecutive week of bull-run, which was however on a less than average traded volume, mixed sentiments and negative breadth for the period. These occurred in the midst of interim dividend expectations and negative macroeconomic data published by the National Bureau of Statistics (NBS) and Central Bank of Nigeria (CBN). Technically,…
Read moreOne Year of Kashifu at NITDA
By Adamu Usman Garko Leadership is about responsibility. Those who instill hope into our minds and hearts are true heroes and deserve encomium. Conversely, leadership is also a burden. This burden had been bestowed upon Mr. Kashifu Inuwa by the Pacemaker of IT and Digital Economy in Nigeria, Dr. Isa Ali Pantami and indeed he is a round peg in the round hole of NITDA. A year had ticked and results cleared as daylight had attested to the competence of Kashifu; a trait which we presume Pantami saw prior to…
Read moreLull at NSE as July’s investment turnover tumbled to N103bn
Expatriates continue to shun market Investors’ engagement at the Nigerian Stock Exchange (NSE) suffered noticeable decline in July as trade turnover for the month shrank to show loss risk appetite particularly by foreign investors. The development was in contrast with relaxed lockdown and other measures put in place to restart the Nigerian economy after a breakdown created by Coronavirus pandemic. Based on the latest report released today by the management of the bourse, turnover suffered decline as trade value stood at N103.21 billion, 19.92 per cent lower than N128.88 billion…
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