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Nigerian Exchange Limited (NGX) has highlighted the importance of financial literacy and awareness in addressing the issue of unclaimed dividends in the capital market. With unclaimed dividends in the Nigerian capital market reaching N190 billion, efforts to tackle this issue have been challenging. However, through initiatives like webinars and increased access to the market, the NGX aims to educate and empower retail investors to process outstanding dividends and retrieve their unclaimed funds.
Nigerian fintech, Anchor, has secured $2.4 million in seed funding from investors including Goat Capital, FoundersX, and Rebel Fund. The banking-as-a-service provider offers APIs, dashboards, and tools to facilitate the development of banking solutions for businesses. With over 270 clients and $550 million in annualized total transaction volume (TTV), Anchor aims to enhance its compliance system, invest in value-added products, and expand its customer base. The startup is serving a $7 billion addressable market in Nigeria and is looking to explore pan-African expansion.
The National Bureau of Statistics (NBS) has reported a remarkable 226.4% quarter-on-quarter growth in Nigeria's Company Income Tax (CIT) during the second quarter of 2023. The CIT collections amounted to N1.53 trillion, surpassing the previous quarter's N469.01 billion. The report also highlights the sectoral contributions and the importance of press freedom in upholding balanced journalism.
President Bola Tinubu of Nigeria will be attending the G-20 Leaders' Summit in India, where he aims to attract global capital, promote foreign direct investment, and strengthen bilateral partnerships for Nigeria's economic growth and development. This article provides an overview of his itinerary and the potential benefits of Nigeria's membership in the G-20.
The Edo State Independent Electoral Commission (EDSIEC) has presented Certificates of Return to the recently elected 18 Local Government Councils chairmen in Edo State. The chairman of EDSIEC, Justice Oyomire James rtd, handed over the certificates to the chairmen at the EDSIEC office in Benin. The elected chairmen expressed their commitment to the development of their respective local government areas.
Nigeria, the largest country in Africa, is considering joining the G20, a group of the world's most powerful economies. President Bola Tinubu will attend the G20 summit in India, seeking foreign investments and global capital to develop Nigeria's infrastructure. With a population of over 211 million and being the top oil exporter in Africa, Nigeria aims to strengthen its position as a key player in the global economy.
Nigerian teachers have been urged to embrace lifelong learning and adapt to the fast-changing global environment. The Teachers Registration Council of Nigeria (TRCN) emphasized the importance of self-development, technology compliance, and professional growth. This article explores the recommendations made during the TRCN Online Annual Conference of Registered Teachers and highlights the significance of lifelong learning for teachers in Nigeria.
Kano state government has appointed 44 social media activists as Special Reporters to various Ministries, Department and Agencies (MD) in a bid to provide access to information on government policies, programs, and activities. The newly appointed activists will work in collaboration with media officers, acting as social media influencers rather than professional journalists. Plans for their professional training and re-training have also been announced to keep them updated with existing laws and conventions.
The Nigerian Exchange Limited (NGX) emphasizes the importance of financial literacy and awareness in reducing the growing number of unclaimed dividends in the Nigerian capital market. Despite efforts by the Securities and Exchange Commission (SEC) to tackle this issue, unclaimed dividends have continued to rise. The NGX, in collaboration with Futureview Asset Management Limited, organized a webinar to educate retail investors on how to process outstanding dividends and retrieve unclaimed dividends. The use of technology and increased access to the market for retail investors is part of the Exchange's strategy to address the problem. The SEC also remains committed to reducing unclaimed dividends in the market.
Emmanuel Rotiba, a Nigerian-born leadership coach, highlights the significance of strategic partnerships for creatives in driving lasting social change. During the 'Creatives Codes' event in Abuja, Rotiba emphasized the role of creatives as social leaders and the power of collaborations and partnerships in amplifying their craft. He also unveiled the Global Impact Conference in Toronto, Canada, scheduled for November 2023.
The Niger State First Class Graduates (NSFCG) have appealed to the executive governor of Niger State for employment opportunities and scholarships to further their education. They express their desire to contribute meaningfully to the growth and development of the state and highlight the need for support in order to inspire others to pursue education and excellence. The NSFCG draws inspiration from visionary leaders in other states who have championed human capital development. They also commend previous empowerment initiatives in Niger State and hold steadfast belief in the governor's dedication to uplifting the youth and enhancing development.
Ableminds International Schools is set to provide Nigerians with the opportunity to enhance their skills in herbal medicine through a formal online training program. The program, which will take place on WhatsApp and Telegram, aims to educate participants about the fundamentals of herbal medicine and how it can improve their health. Director Livy Elcon-Emeronye urges Nigerians to take advantage of this opportunity to tap into the numerous advantages of herbal medicine.
A social media claim alleging that Kogi State University (KSU) serves "fufu and soup" as breakfast to students has been debunked by fact-checking platform, Dubawa. The university's dean of student affairs discredited the claim, stating that the institution does not operate a free food policy and students are responsible for sourcing their meals. The circulating narrative was found to be false after contacting several students from the university.
Edo State Governor, Mr. Godwin Obaseki, has confirmed that there will be no restrictions on movement during the upcoming Local Government Area (LGA) elections in the state. Governor Obaseki, after a State Security Council meeting, assured the electorate and commuters passing through the state of safe passage. He emphasized the need for peaceful elections and highlighted the preparedness of security agencies to maintain law and order during the voting process.
Elizabeth Korolo Boluwatife and Abdulsalam Ajara, Nigerian female students, have won the Stockholm Junior Water Prize Nigeria for inventing a water purifying device called Bithermal Water Distillation Device. The innovative device can purify and recycle contaminated water into safe drinking water, providing a solution for people in riverine and rural areas.
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