Stanbic IBTC announces executive appointments across the Group

Stanbic IBTC announces executive appointments across the Group

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced several key executive appointments across the Group. This is in a bid to fortify its market leadership position in the Nigerian financial services sector, according to a statement signed by Chidi Okezi, the company secretary and release to its shareholders and the investing public via the Nigerian Stock Exchange (NSE) on Thursday. It added that the appointments are in line with its corporate governance structure and succession plan; and following receipt of all required regulatory approvals, became effective…

Read more

Arotile: Family smells a rat, calls for investigation of daughter’s death

first female combat pilot

The family of the late first female combat pilot, Tolulope Arotile, has called on the military authorities to go beyond the immediate cause of death of their daughter and order a full-scale investigation into the matter. Damilola Adegboye, the immediate elder sister to the deceased, told newsmen on Thursday in Lokoja that the family is not convinced by the supposed “freak” accident. She said the calls from a supposed senior officer, which prompted their sister to leave home only to meet somebody was suspicious. “We in the family are not…

Read more

Nigeria’s stock market opens week with N55bn loss

Nigerian equities, market opens week with N55bn loss

The nation’s bourse resumed transactions for the week on Monday with a loss of N55 billion following sell pressure in some blue chips. Specifically, the market capitalisation which opened at N12.679 trillion lost N55 billion to close at N12.624 trillion. lso, the All-Share Index (ASI) dipped 105.76 points or 0.44 per cent to close at 24,200.60 compared with 24,306.36 achieved on Friday. The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Mobil, MTN Nigeria Communications, Zenith Bank, Guaranty Trust Bank and Eterna. This…

Read more

Post Covid-19: Marketing strategies for small business survival

IFC Disburses $50m Loan To Nigerian SMEs Affected By Pandemic

By David Alonge At least, more than 90% of small and medium businesses have been adversely affected by the insurgent of COVID19 pandemic in Nigeria, FATE foundation reported in its recent survey on the impact of COVID-19 on Nigerian MSMEs. The survey also shows that areas such as cash flow (72%), sales (68%) and revenue (59%) of a typical small business were particularly affected from this pandemic in the first quarter of this year. As a result, there has been a pocket of job losses, shut down of small businesses…

Read more

Equity market to sustain pullback in July; FSDH top stock picks

Equity market to sustain pullback in July

After a record-breaking month in March, which saw the equity market rally significantly as the All Share Index (ASI) gained 9.8%, June has been relatively soft in market movements but with a bearish bias. Month to date, the ASI is down 1.7%. The weak sentiment in equities was broad-based as all sub-indices trended lower during the month. We note that the lull in the market was very much in line with our call in our May note. However, despite the weakness, we observed an interesting technical trend as the ASI…

Read more

What’s next after Q2 rally?

What’s next after Q2 rally?

Risk appetite is stepping hesitantly into the second half of the year, with Asian stocks edging higher while US futures slipped into the red. Over the past three months, the S&P 500 posted its best quarterly performance since Q4 1998 with a near-20 percent advance while the Dow climbed 17.8 percent. It’s highly unlikely that US equities can better its Q2 performance over the coming months, with the rally having stalled of late. Last month, the Dow Jones index has been sandwiched mostly between its 200-day and 100-day simple moving…

Read more

Online is a Lifeline

Juliet Ehiuman. Online is a lifeline

By Juliet Ehimuan During lockdown many of us did things we would never have thought possible from a distance. We saw friends and family, gathered round a screen. We studied in our kitchens and living rooms. We no longer went to work but work instead came to us. Online tools have been a lifeline. At least, that was true for the lucky ones among us. Those of us with access to the right technology were able to close the gap in space between us and the rest of the world.…

Read more

COVID-19: NCC announces virtual Hackathon to reward tech-driven solutions

Danbatta seeks stakeholders' support for ubiquitous ICT adoption

The Nigerian Communications Commission (NCC) has opened entry for adaptable digital solutions for addressing the impacts of pandemic and epidemic prone-diseases from technology hubs, startups and innovation digital SMEs in Nigeria. The commission, aside from being the regulator of the country’s telecommunications industry, also supports amongst other things, the development of innovative services and life-changing solutions, leveraging on Information Communications Technologies (ICTs) to promote indigenous content development, economic growth and social advancement in Nigeria. “Pursuant to this objective, the commission invites entries from tech hubs, startups and innovation digital SMEs…

Read more

COVID-19: Expert canvasses regular intake of 100% fruit juice

fruit, COVID-19, nutrition, experts

Olusola Malomo, Publicity Secretary of Nutrition Society of Nigeria, has called for regular intake of 100 per cent fruit juice and regular exercise among others. He gave the advice at the CHI Limited-sponsored monthly healthy living dialogue, stating this is part of measures to boost the immune system and combat the Coronavirus Disease (COVID-19) pandemic. While noting that COVID-19 is a respiratory infection which causes fever, tiredness, sore throat and in severe cases, shortness of breath and respiratory difficulty, he said that the World Health Organization (WHO) and other global…

Read more