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Worthy of attention or notice; extraordinary.
The Nigerian Exchange (NGX) rebounded from its recent bearish trend, as equities surged and market capitalization saw a significant gain. This positive turnaround was led by Transcorp and NASCON. The All-Share Index (ASI) closed 0.93% higher, while the market capitalization rose by N339 billion. DANGOTE SUGAR, NASCON, and NAHCO were among the top gainers, while COURTVILLE, ABC TRANSPORT, and TANTALIZER experienced losses. Despite lower trading activity in terms of volume, OANDO emerged as the most traded equity. ZENITH BANK and GTCO performed well, while BUA CEMENT, BUA FOODS, SEPLAT ENERGY, MTN NIGERIA, DANGOTE CEMENT, and AIRTEL AFRICA remained unchanged.
Popular Nigerian DJ, DJ Cuppy, has expressed her desire to become a full-time backup singer for singer and songwriter, Asake. Cuppy made this announcement after meeting Asake for the first time. She shared her excitement on social media and expressed her eagerness to work with Asake on her career development.
The First Lady of Nigeria, Remi Tinubu, has extended a helping hand to 500 displaced families in Plateau State, providing N500 million aid to assist them in rebuilding their lives. Emphasizing the importance of unity and diversity, Mrs. Tinubu called for dialogue, tolerance, and understanding among Nigerians. The relief and resettlement packages aim to support the affected families in their journey to recovery and promote food production, in line with the President's agenda. The Plateau State Governor acknowledged the First Lady's efforts, highlighting the significance of putting the people's welfare before politics.
The Nigeria Immigration Service (NIS) has successfully cleared a backlog of almost 60,000 passports within just four working days, following a directive by the Minister of Interior, Olubunmi Tunji-Ojo. This achievement highlights the government's commitment to providing efficient and accessible services to Nigerian citizens. The minister's call for swift action and the subsequent partnership with other ministries aim to address related challenges and improve the welfare of the country's citizens.
Rema and Selena Gomez's collaboration 'Calm Down' makes history by winning the Best Afrobeats award at the 2023 MTV Video Music Awards (VMAs). This remarkable duo beat out top Nigerian artists Burna Boy, Davido, and Wizkid to secure the inaugural win in the newly established category. 'Calm Down' gained international recognition for its fusion of Afrobeats and pop elements, along with chart-topping success on platforms like Billboard and Spotify.
Rema's hit song 'Calm Down' featuring Selena Gomez has achieved a remarkable milestone by becoming the first African song to reach one billion streams on Spotify. Don Jazzy, Rema's mentor and music executive, expressed his congratulations and pride in the achievement. The original version of 'Calm Down' was also recognized by Guinness World Records. This accomplishment solidifies Rema's position as one of Nigeria's brightest and most successful young talents in the music industry.
Ibom Air, a Nigerian airline, has revealed its intention to focus on expanding its operations within Africa. The Chief Operating Officer, George Uriesi, explained that entering into unhealthy competition with big airlines in other countries would not be financially viable. Instead, the airline aims to build a secure and service-focused brand within the African region. Uriesi also highlighted the milestone achievements of Ibom Air, including reaching 2.5 million passengers and obtaining the International Air Transport Association (IATA) Operational Safety Audit (IOSA) Certification.
Nigeria is mourning the loss of Akintola Williams, the country's first chartered accountant, who passed away at the age of 104. Williams, who founded the accounting firm Akintola Williams & Co (Deloitte & Touche) in 1952, was a trailblazer in his field, paving the way for future generations of accountants. Tributes are pouring in for his contributions to the profession and his impactful role in public service. From President Bola Tinubu to former President Olusegun Obasanjo, many have expressed their deep admiration and respect for Williams' wisdom, integrity, and dedication to excellence. Lagos State Governor Babajide Sanwo-Olu also acknowledged his instrumental involvement in establishing key institutions like the Nigeria Stock Exchange and the Institute of Chartered Accountants of Nigeria. Williams' legacy as a mentor, advocate for transparency, and promoter of arts and culture will be remembered for generations to come.
Nigeria's Vice President office has initiated a partnership with Micro, Small, and Medium Enterprises (MSMEs) to improve the economy and create jobs. The interventions will benefit 1.3 million people across 17 states and the Federal Capital Territory. These measures aim to fulfill the government's commitment to job creation and economic diversification, with MSMEs playing crucial roles. Various initiatives, including the establishment of shared centers, installation of solar panels, and the development of fashion hubs and furniture clusters, will contribute to this goal.
The Apapa Command of the Nigeria Customs Service (NCS) has generated a record-breaking revenue of N676 billion for the Federal Government between January and August. The customs officials were applauded for their teamwork, diligence, and zero compromise approach, which led to the highest monthly and daily revenue collection in the history of the Nigeria Customs Service in August. The Assistant Comptroller General of Customs, Auwal Mohammed, emphasized the importance of adhering to import and export prohibition lists and encouraged officers to rededicate themselves to service.
Akintola Williams, Nigeria's first indigenous chartered accountant, passed away at the age of 104. He played a pivotal role in shaping the accounting profession in Nigeria and established accounting standards and practices in the country. Through his contributions, he has left a lasting impact on Nigeria's financial landscape, and his legacy will be remembered for generations to come.
The Apapa Command of the Nigeria Customs Service (NCS) has generated a record-breaking revenue of N676 billion for the Federal Government between January and August. This impressive achievement was achieved through teamwork, diligence, and zero compromise on the part of the officers. The command also made significant seizures of prohibited items, including illicit drugs and firearms. The new Customs Area Controller in Lagos, Comptroller Babajide Jaiyeoba, has been urged to continue the excellent work done by his predecessor.
Nigeria's central bank has issued a circular barring banks from using one-off foreign exchange gains to pay dividends or meet operating expenses. This move comes after several banks reported robust half-year earnings due to currency devaluation. President Bola Tinubu's reforms have allowed the currency to weaken by over a third, saving billions of dollars but exacerbating the cost of living crisis. The central bank has instructed banks to set aside the foreign currency revaluation gains as a buffer against potential adverse movements in the exchange rate. Despite this restriction, top tier lenders such as GT Bank and Zenith Bank have declared interim dividends, boosting sentiment in the stock market.
The recently launched Lagos Metro holds the promise of alleviating the legendary traffic congestion in Africa's largest city. After four decades in the making, this new transportation system will provide a much-needed respite for commuters. Find out more about how the Lagos Metro aims to revolutionize transportation in Nigeria.
The Apapa Command of the Nigeria Customs Service (NCS) has recorded an impressive revenue generation of N676 billion for the Federal Government within the first eight months of the year. The former Assistant Comptroller General of Customs, Auwal Mohammed, commended the officers of the command for their remarkable teamwork and diligence. He also highlighted the seizures made and the use of technology in trade facilitation. The newly deployed Customs Area Controller, Babajide Jaiyeoba, pledges to continue the successes achieved by his predecessor, while resolving trade disputes promptly.
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