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NSE Declares N8.1bn Gross Earnings

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10 years ago

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The Nigerian Stock Ex
change (NSE) declared gross earnings of N8.1 billion for the financial year ended December 31, 2014.
Mr Oscar Onyema, Chief Executive Officer said at the Exchange’s 54th Annual General Meeting (AGM) in Lagos, yesterday said this was against the N5.4 billion posted in the 2013.
Onyema said that the earnings represented a growth of 47 per cent when compared with figure for 2013.
He said that transaction fees contributed largely to the revenue growth accounting for 52 per cent of its total revenue.
Onyema said that the company’s business was impacted by domestic and global shocks, international price of crude oil and significant pressure on the Naira.
He added that the 2015 elections, festering insurgency in some parts of the nation and tight monetary policy contributed to the ‘flight to quality’ strategy adopted by foreign investors.
According to him, the ‘flight for quality’ manifested in a sell-down of securities and repatriation of funds during the period.
On 2015 outlook, Onyema said that the company was well-positioned to take advantage of emerging market trends, economic and market cycles.
“With some hard work and perseverance, I have no doubt that we can be the vibrant exchange that connects Nigeria, Africa and the world,” Onyema said.
He said that the company’s 2015 outlook would be influenced by a number of Nigerian macroeconomic variables such as crude oil prices, foreign exchange movements and national security.
Onyema said that the exchange would continue to deliver on its strategic commitments, drive operational excellence, and create value to all various stakeholders.
“Our businesses are healthy as demonstrated by our results, and to that end, we will continue to deliver several initiatives to support the execution of our growth strategy,” he added.
The Tide source reports that the company’s operating surplus before tax stood at N3.95 billion compared with N3.26 billion achieved in the corresponding period of 2013.
Operating surplus after tax rose to N3.89 billion in contrast with N3.26 billion posted in 2013.
Total assets stood at N20.67 billion against the N15.69 billion declared in the comparative period of 2013.

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Kenyan Runners Dominate Berlin Marathons

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2 days ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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2 days ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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