Trading in NSE’s fixed income segment now attracts fee as 4-year moratorium elapses

Trading in NSE's fixed income segment now attracts fee as 4-year moratorium

The Nigerians Stock Exchange (NSE) has returned trading fee on assets in fixed income segment of the exchange following the end of free trading mode investors had enjoyed since 2016. The Exchange on Friday announced enhancements to its fixed income securities market segment as well as the associated benefits to trade execution via its platform. According to the bourse, this is in line with its ambition to support Nigeria’s economic growth by providing a liquid, efficient and multi-asset securities exchange hub. In a statement , the management of the Exchange…

Read more

FG inaugurates survival fund for 333,000 artisans, transporters

The Federal Government, on Thursday, formally inaugurated the artisans and transport sector track of the N75bn MSME Survival Fund and Guaranteed Off-take Stimulus Scheme. A total of 333,000 artisans and transporters across the country are to benefit from grants provided by the scheme. The Minister of State for Industry, Trade and Investment, Miriam Katagum, who flagged off the scheme in Abuja, said 9,009 beneficiaries each from the 36 states of the federation and the Federal Capital Territory would benefit from the scheme. She said the scheme would leverage duly registered…

Read more

DisCos need N8.7bn to meet NERC’s remittance order

Hints remittance order may lead salar payment Asks MDAs to settle N100bn electricity debts _______________________________________ The Electricity Distribution Companies (DisCos) have implored the National Assembly to intervene in the current liquidity crisis in the power sector, saying they will need N8.7 billion to comply with the remittance order set by the Nigerian Electricity Regulatory Commission (NERC). A statement issued today by Sunday Oduntan, ANED’s executive director, research and advocacy, in a breakdown of the required amount, said the DisCos will require N725 million monthly to meet the threshold of 35…

Read more

DisCos reocup N1.27trn from Nigerians in 3 years

Electricity distribution companies collected a total of N1.27 trillion from customers in the last three years, data obtained from the Association of Nigerian Electricity Distributors on Thursday have shown. The association, said customers paid N363 billion in 2017, N437.9 billion in 2018 and N473 billion in 2019 as utility bills for connecting to and using the public electricity infrastructure. The Discos said the energy billed customers stood at 18,882 gigawatt-hours (equivalent to N597.3 billion) in 2017; 20,852 GWh (N661.6 billion) in 2018, and 21,702GWh (N695 billion) in 2019. The energy…

Read more

Airtel’s Segun Ogunsanya named Africa Industry Personality of the Year

Airtel Nigeria CEO named the Africa Industry Personality of the Year

Chief Executive Officer and Managing Director of Airtel Nigeria, Segun Ogunsanya, has been named the Africa Industry Personality of the Year by the editorial board of the well-respected African Leadership Magazine, organizers of the prestigious African Business Leadership Awards 2020. Ogunsanya was presented the award at a colorful virtual ceremony held today (30/09/20) and attended by prominent personalities, including H.E. Ernest Bai Koroma, former President, Republic of Sierra Leone; John Rwangombwa, Governor, National Bank of Rwanda; Ahmed Shide, Minister of Finance, Ethiopia; Lee Kinyanjui, Nakuru County Governor, Kenya; Mele Kyari,…

Read more

Telegram’s 7 fantastic features for small business marketing

telegram's 7 fantastice features for small business marketing

By Alonge David _______________ World of instant messaging has evolved over the years with the introduction of fantastic features and functions to aid effective communication processes as well as extending its purposes. From the introduction of web 2.0 which drive the movement of dynamic and interactive web content and application from the initial instant messengers apps such as Yahoo messengers, MSN messenger etc. to the recent messaging apps such as Facebook Messenger, WhatsApp Messenger and Telegram, the focus has shifted from just a communication application to social interaction and business…

Read more

NSE Index Up 6% In Sept. As Investors Juggle Portfolios, Eye Stocks With Potentials

stock performance

September Market Roundup By Investdata Analysts __________________ The nation’s equity market in September was on fire, recording a strong recovery to end the quarter and month on the green, helped by the inflow of funds, improved buying interest, and volatility that turned sentiment positive, as investors took position for the third quarter and year-end. The period under review was bullish, with the Nigerian Stock Exchange (NSE) All-Share index recording the biggest gain in four months, to extend the bull transition for three consecutive months. In the process, the index broke…

Read more

Pantami highlights key gains of NDEPS implementation

Isa Pantami, the minister of communications and digital economy has listed top achievements under the digital economy agenda of Nigeria, a drive put on the high gear since October last year. He said this recently at the launch of the Digital Nigeria Portal and Mobile App, yet as part of the implementation the country’s National Digital Economy Policy and Strategy (NDEPS) for a Digital Nigeria. He added that in less than one year, Nigeria has recorded a number of unprecedented achievements since implementation of the NDEPS commenced. Part of the…

Read more

AfDB partners with FG, Microsoft to create 9m jobs in 10 years

The African Development Bank (AfDB) has launched an eLearning Digital platform to create nine million jobs in Africa’s digital economy in the next 10 years. According to a statement from the bank’s website, the Federal Government and Microsoft launched the Digital Nigeria eLearning Platform to provide marketable digital skills for the country’s youth. The platform will leverage the AfDB’s Coding for Employment initiative and build linkages between the public and private sectors. Mr Isa Pantami, Minister of Communication and Digital Economy, said the platform would support the development of a…

Read more