BUA Cement Share Price Records First Loss on NSE

By Adedapo Adesanya The cryptocurrency market witnessed an uptick on Wednesday, with Bitcoin (BTC) managing to stay above the $26,000 level even as the US Dollar index rose to a new year-to-date high. Data obtained by Business Post showed that the most valued crypto, BTC, posted a 0.7 per cent appreciation during the midweek session to trade at $26,408.37 in the last 24 hours. On the part of the second-most valued digital coin, Ethereum (ETH), it remained in the $1,600 mark and it improved its value yesterday by 1.6 per cent to sell at $1,610.94. At the trading session, the US

By Bliss Okperan A lady who reviewed a product of Erisco Foods Limited, Nagiko Tomato Mix, Mrs Chioma Egodi, has threatened to demand the sum of N500 million from the chief executive of the company, Mr Eric Umeofia, for violating her fundamental human rights. Mrs Egodi said she purchased the product at the market with the intention of using it to cook stew for her family. However, when she tasted it, according to her, it tasted too much sugar, prompting her to post about it on Facebook. It was reported that Erisco was not happy with the negative review. She

By Aduragbemi Omiyale The management of BUA Cement Plc has announced a reduction in the prices of its cement from its factory without the transportation costs to N3,500 per bag (50kg). The cement maker confirmed this development in a statement issued on Sunday, noting that it was part of efforts to make sure customers get the products at cheaper prices. In the statement, BUA Cement disclosed that the slash in cement prices is from Monday, October 2, 2023, urging its distributors not to fleet the end users. The firm said, “All pending, undelivered orders which had been paid for at

By Dipo Olowookere Profit-taking persisted on the floor of the Nigerian Exchange (NGX) Limited, as investors refused to tone down their profit-taking activities. It was observed that the market is gradually entering panic mode due to macroeconomic instability in the country, especially with the exchange rate of the Naira to the Dollar going above N1,000 in the parallel market. A stockbroker with one of the leading brokerage firms in the country, who asked not to be named, said the local bourse was witnessing panic selling due to investors liquidating their shares for Dollars. “This trend will continue for a while

By Dipo Olowookere The government of Australia has promised to support development of the necessary skills in West Africa, especially Ghana, through its various scholarship programs and exchanges. The Australian government made this pledge at a forum organised by a team of West African alumni and hosted by Australia’s Minerals and Energy for Development Alliance (MEfDA) with support by the Australian Government. Over 80 West Africans who have previously attended Australian-funded mining courses met on April 27, 2017, in Accra, Ghana, to share knowledge and understanding of current challenges and opportunities in the region on attracting responsible mining investment and

By Sodeinde Temidayo David The Lagos State Government has partnered with the single largest job placement website in sub-Saharan Africa, Jobberman, to create 14 million jobs under the African Continental Free Trade Area (AfCFTA) deal. This was disclosed by the state Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke, in an interview after the kick-off of a programme to train and upskill youths in job-ready skills. She expressed that one of the goals of the state government is to enhance youths ‘competitiveness through job opportunities. She also echoed that the government is ensuring that jobs are created for the

By Investors Hub European stocks have moved to the downside on Thursday as investors digest a flurry of earning reports and kept an eye on the second day of Trump’s visit to Beijing. U.S. tax reform worries and simmering Middle East tensions also kept traders on tenterhooks as the sixth round of Brexit negotiations got under way in Brussels. While the U.K.’s FTSE 100 Index has fallen by 0.6 percent, the French CAC 40 Index and the German DAX Index are down by 1 percent and 1.1 percent, respectively. ArcelorMittal shares have fallen after EU anti-trust authorities opened a probe

By Olukayode Kolawole The Nigerian entertainment industry is growing at an unstoppable rate. We unarguably have the best talents in the whole of Africa; limiting us to the shores of Nigeria is a disservice. In no time, our entertainers will start earning as much as – if not more than – their counterparts in developed countries. At least, that’s the dream and it’s work in progress. In the nearest future, we will hear Omotola Jalade-Ekeinde, Genevieve Nnaji, Richard Mofe-Damijo and the likes gulp billions of nairas each year. It’s funny how we don’t even get to know how much these

By Modupe Gbadeyanka The reluctance of Nigerian policemen to conduct proper basic investigations into criminal cases is a major reason they drag unnecessarily, and in many instances, get dismissed on grounds of lack of diligent prosecution, a former Director of Public Prosecution (DPP) and Solicitor-General of Lagos State, Mr Fola Arthur-Worrey has said. He said that police officers were so accustomed to not going through the standard investigative process that all efforts to change their approach to doing things the right way have failed so far. Addressing students at the launch of The Halogen School of Security Management & Technology,

By Dipo Olowookere The board of C&I Leasing Plc has informed the Securities and Exchange Commission (SEC) of its willingness to conduct a rights issue of 539,003,333 ordinary shares of the company of 50 kobo each at N6.00 each on the basis of four new ordinary shares for every three ordinary shares held by its investors. In a notice to the Nigerian Stock Exchange (NSE), the board said the application was sent to SEC for approval of the exercise, which has a qualification date of Wednesday, September 4, 2019. “C&I Leasing Plc is pleased to notify its esteemed shareholders, stakeholders,

By Modupe Gbadeyanka The Nigerian Stock Exchange (NSE) returned to upward trend on Thursday courtesy the performances of Nestle Plc and 21 other stocks at the market, Business Post reports. The stock market, which depreciated yesterday by 0.77 percent, closed today by moving forward by 0.52 percent, reducing the year-to-date return to -4.17 percent from at -4.66 percent. The All-Share Index (ASI) gained 132.06 points at the end of trading activities to finish at 25,753.00 points, while the market capitalisation increased by N45.7 billion to close at N8.910 trillion. Investors transacted a total of 371.8 million shares valued at N2.8

By Adedapo Adesanya Oil settled higher on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost fuel demand in the world’s largest oil importer. Brent crude went up by $1.07 or 1.3 per cent to close at $82.73 per barrel, while the US West Texas Intermediate (WTI) crude moved up by 89 cents or 1.1 per cent to trade at $78.76 per barrel. Last week, both contracts fell more than 5 per cent for their first weekly declines. Now, the market has looked to China, with the largest economy still not as strong after it