Asian Shares Plummet After Trump’s Comments on US, China Trade Talks

By Adedapo Adesanya Some Nigerians have expressed anger over the upward review in the foreign exchange (FX) rate, a move that could see imported goods and by extension, domestic products record surge in prices at a time when the country is battling a high cost of living. The federal government, through the Central Bank of Nigeria (CBN), has hiked the duties payable on imported goods at Nigerian ports. Business Post gathered that the upward review of prices showed the US Dollar equivalent had been put at N951.941/$1 while for the Euro, the rate was pegged at N1,030.762/€1 and the Pound

By Adedapo Adesanya Forty-seven per cent of Nigerians are actively engaged with crypto, a new study shows as the country finds safety in the currency amid worries about the foreign exchange rate. According to insights by CoinJournal shared with Business Post, cryptocurrencies, including Bitcoin (BTC) and various alternatives, are no longer just investments for speculation, “They represent a significant change in how people view and use money, providing decentralized options compared to traditional financial systems.” CoinJournal analyzed the data for the past three years, providing a comprehensive understanding of the current status of cryptocurrency adoption in 2023, as well as

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed 0.15 per cent in the positive territory on Wednesday, December 6 as it extended its streak to a third day spurred by gains in three bellwethers. 11 Plc recorded a N16.00 appreciation to sell at N176.00 per share compared to the previous day’s N160.00 per share, Central Securities Clearing System (CSCS) Plc gained 43 Kobo to settle at N17.51 per unit versus the preceding day’s N17.08 per unit, and FrieslandCampina Wanco Nigeria Plc rose by 20 Kobo to close the day at N72.89 per unit, in contrast to Tuesday’s closing

By Dipo Olowookere Trading activities on the floor of the Nigerian Exchange (NGX) Limited further ended on a positive note on Wednesday despite investors diversifying their funds to other securities available in the capital market. Yesterday, the Central Bank of Nigeria (CBN) sold treasury bills to investors in the primary market but this did not affect the stock market, which closed higher by 0.78 per cent amid sustained buying pressure. The growth recorded in the midweek session was mainly driven by bargain-hunting in the banking space, which rose by 5.01 per cent at the close of transactions. It was the

By Modupe Gbadeyanka Estranged husband of Nigerian actress, Mercy Aigbe, Mr Lanre Gentry, has been released from prison after he met his bail conditions. Last Tuesday, Mrs Aje-Afunwa Ogba of the Ikeja Magistrate court had granted bail to the businessman in the sum of N500,000 with two sureties in the like sum. This was after he was charged with assault and domestic violence. He was accused of hitting his wife and causing her bodily harm. Mr Gentry would have been released on Monday, but for the Lagos Magistrates conference that took place same day, which made it impossible for the

By Philip Odiakose As a media monitoring and intelligence professional, I have spent the past decade honing my skills and gaining valuable experience in the industry. During this time, I have learned many lessons that have helped me to become a better professional and person. In this article, I will share some of the most important lessons I have learned over the past 10 years. Lesson 1: Attention to Detail is Key One of the most important lessons I have learned is the importance of attention to detail. In media monitoring and intelligence, even the smallest details can make a

By Adedapo Adesanya The week opened with the bull returning to the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Monday with a marginal 0.04 per cent rise. The day’s favourable outcome came as two companies – Central Securities Clearing Systems (CSCS) Plc and Nigerian Exchange Group Plc – made gains. As a result of the growth printed by the market bellwethers, the NASD unlisted security index (NSI) moved up by 0.30 points to 745.66 points from 745.36 points, while the market capitalisation of the NASD Exchange rose by N260 million to N648.11 billion from N647.852 billion. Business Post

By Dipo Olowookere The Nigerian Senate has emphasised the urgent need to resuscitate technical and vocational education (TVE), saying it serves as a vector for human capacity development. The upper legislature made this appeal during a three–day capacity building workshop organized for the Senate Committee on Local Content in Accra, Ghana. Chairman of the Senate Committee on Local Content, Mr Solomon Adeola, while speaking during the conference, explained that his committee was set up to ensure the use of local manpower by companies operating in Nigeria; design policies that would engender the patronage of locally made goods and services; to

By Adedapo Adesanya The Alumni Association of Maritime Academy of Nigeria (AMANO), Oron, Akwa-Ibom, has advised the federal government to put in place a 100-year port development plan that will continue to respond to the dynamic nature of the nation’s port industry. In a statement signed by the president of the group, Mr Emmanuel Maiguwa, it was explained that if such a port development plan is put in place, it will move the industry forward for growth. Mr Maiguwa also said that a system of incentive on port fess suitable to operate coastal and inland container cargo vessel must be

By Modupe Gbadeyanka Minister of State for Petroleum Resources, Mr Emmanuel Ibe Kachikwu, and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Maikanti Kacalla Baru, led other industry leaders to commend the Nigerian Content Development and Monitoring Board (NCDMB) for the numerous achievements recorded in the implementation of Nigerian Content in the oil and gas industry. They spoke Tuesday at the 8th Practical Nigerian Content Workshop, organised by the NCDMB and CWC, in Yenagoa, Bayelsa State and pledged support to deepen the implementation of policies and initiatives that would increase in country value addition in the

By Aduragbemi Omiyale The chief executive of Airtel Africa Plc, Mr Segun Ogunsanya, has made a case for vulnerable children in remote communities on the continent, saying they should have access to education and be given an opportunity to learn. He said this was why the leading provider of telecommunications and mobile money services pledged to invest $57 million into educational programmes during a five-year partnership with the United Nations Children’s Fund (UNICEF). Last week, executives of Airtel Africa and UNICEF were in Nairobi, Kenya, for a two-day conference to discuss the implementation of the landmark partnership across 13 out

By Adeniyi Ogunfowoke For those who find water boring and scarcely drink it, you can drink Cucumber water. This is because it gives you additional nutritional and health benefits compared with water. Hence, there is no need to down soft drinks daily anymore. Jumia Travel, the leading online travel agency shares reasons you should drink Cucumber water daily. You can buy Cucumber at any market in Lagos. Keeps you hydrated Cucumber water will satisfy your desire for water and keep you hydrated round-the-clock. It regulates your body temperature as well as kills toxins that have infested your body. You will