Author: Ogochukwu Ndubuisi

NGX Group Declares N1.30 Interim Dividend The Nigerian Exchange Group (NGX Group) Plc has announced an interim dividend of N1.30 per ordinary share for the six months ended June 30. The Group, in a statement on Sunday, said that the dividend reflected the strength of its earnings, improved cash generation and the board’s confidence in the sustainability of its growth trajectory. According to the Group, the dividend will also preserve its capacity to continue investing in technology, market development and strategic opportunities across the capital market value chain. NGX Group’s revenue rose by 118 per cent to N17.60 billion in…

Cardoso, Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum in Abuja The Central Bank of Nigeria (CBN) says it is set to host a high-level fireside dialogue between its Governor, Mr Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala. According to a statement from the Corporate Communications Department of the apex bank, the dialogue will headline the 7th Africa Emerging Markets Forum (EMF), between July 29 and July 30. It said that the dialogue would be hosted by the CBN in collaboration with the EMF and the Centre for the Study of the Economies…

Nigeria Calls for Stronger African Unity Ahead of Global Telecoms Elections Nigeria has called for greater unity among African nations to advance shared priorities and strengthen the continent’s influence in international decision-making, especially with Africa seeking a stronger voice in shaping the future of global telecommunications and digital innovation. The call was made at the Seventh Ordinary Session of the African Telecommunications Union (ATU) Conference of Plenipotentiaries in Abuja, where policymakers, regulators and industry leaders from across the continent gathered to chart a common course for Africa’s digital future ahead of key international telecommunications engagements. Speaking on behalf of the…

Nigeria May Face Rice, Tomato Scarcity in 3 Months — OTACCWA The President, Organisation for Technology Advancement of Cold Chain in West Africa (OTACCWA), Mr Alexander Isong, says Nigerians may face rice, tomato and staple food shortages within three months. Isong, also the Country Director, Nigeria World Agriculture Forum, gave the warning in an interview with the News Agency of Nigeria on Sunday in Lagos. He said the projected shortages could worsen food inflation and further strain households already struggling with rising food prices across the country. According to him, rice production is projected to decline by six per cent…

ECA urges Africa to boost domestic resources for industrialisation The Economic Commission for Africa (ECA) has urged African countries to strengthen domestic resource mobilisation to finance industrialisation and reduce dependence on external funding. The Executive Secretary of ECA, Mr Claver Gatete, made the call in a statement on Saturday in Abuja. Gatete spoke at a joint session of African Union Specialised Technical Committees on finance, trade, industry and minerals. He said that sustainable development could not rely indefinitely on external financing amid growing global economic uncertainties. He said recent geopolitical tensions and supply chain disruptions had exposed structural weaknesses across…

Banking Stocks to Drive Market Rally in Coming Weeks- Analyst Wyoming Capital and Partners has projected a positive outlook for the Nigerian stock market in the coming weeks, with banking stocks expected to drive a fresh market rally The Chief Executive Officer of the firm, Mr Tajudeen Olayinka, said this in an interview with the News Agency of Nigeria in Lagos on Saturday. Olayinka attributed the expected rally to investors positioning ahead of the release of half-year corporate earnings and interim dividend announcements by listed companies. “We are expecting half-year results from some listed companies, especially those that traditionally declare…

Ecobank Nigeria has introduced “Scaling Up!!!”, a business storytelling podcast, aimed….

Capital Market Governance Requires Robust Legal Framework Sen. Osita Izunaso, Chairman of the Senate Committee on Capital Market and Institutions, says effective capital market governance now requires robust legal frameworks to preserve market integrity. Izunaso said this at the 16th Virtual Inaugural Lecture of the Capital Market Academics of Nigeria in Abuja He said the legal frameworks must also remain flexible enough to accommodate innovation and emerging financial products. The senator called on the National Assembly to institute periodic reviews of the Investments and Securities Act and other financial sector laws. According to him, the reviews will ensure that Nigeria’s…

The Nigerian Exchange (NGX) delivered about a 59% return from the beginning of the year to date

Nigeria Customs Service unveils MIS File Tracker The Nigeria Customs Service (NCS) on Friday unveiled its Management Information System (MIS) File Tracker at the PTML Area Command, Lagos, to deepen digital transformation and improve administrative efficiency. The Comptroller-General of Customs, Bashir Adeniyi, said the initiative aligned with the Service’s modernisation agenda aimed at expanding digital solutions, enhancing transparency and facilitating seamless trade. Adeniyi, represented by the Deputy Comptroller-General in charge of ICT/Modernisation, Mrs Oluyomi Adebakin, at the event, reaffirmed the Service’s commitment to leveraging technology to transform operations and improve service delivery across its commands nationwide. He said the unveiling…