BUA Cement Slashes Ex-Factory Prices to N3,500

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange fell into the danger zone on Tuesday, November 28, as it recorded a 1.14 per cent loss after the price of three securities on the platform closed lower. This chopped off N13.33 billion from the NASD OTC securities exchange at the close of transactions, going down to N1.158 trillion from the N1.171 trillion it ended in the previous session. Business Post reports that the effort of a price gainer yesterday could not save the NASD Unlisted Security Index (NSI) from declining by 9.84 points to 854.67 points from the 864.51 points

By Adedapo Adesanya The duo of Aradel Holdings Plc and 11 Plc landed the NASD Over-the-Counter (OTC) Securities Exchange in the green territory by 0.84 per cent on Monday, November 27. The two energy stocks overpowered losses posted by two other securities admitted to the alternative stock exchange, leaving the NASD Unlisted Security Index (NSI) closing higher by 7.22 points to 864.51 basis points from 857/29 points, as the market capitalisation of the exchange increased by N9.78 billion to N1.171 trillion from N1.162 trillion. Aradel Holdings Plc saw its share price continue to soar as it rose by N28.80 to

By Adedapo Adesanya  President Bola Tinubu has written to the House of Representatives seeking the approval for an $8.6 billion and €100 million external borrowing plan for critical infrastructure in areas such as power, roads, water, railway, and health. The President also forwarded the Federal Capital Territory (FCT) Supplementary Budget to the lower chamber for consideration. Meanwhile, the President will present the 2024 budget to the National Assembly on Wednesday. This was after the Federal Executive Council (FEC) approved a 2024 budget of N27.5 trillion. The approval followed the review of the Medium-Term Expenditure Framework (MTEF) earlier passed by the

By Adedapo Adesanya A Federal High Court sitting in Umuahia, Abia State, has ordered the Attorney-General of the Federation (AGF) and Minister of Justice, Mr Abubakar Malami, to immediately expunge the controversial Section 84 (12) of the Amended New Electoral Act. On Friday, Justice Evelyn Anyadike held that the section was unconstitutional, invalid, illegal, null, void and of no effect whatsoever and cannot stand, as it is in violation of the clear provisions of the Constitution. The federal government has been seeking ways to remove the clause which says: “No political appointee at any level shall be a voting delegate

By Adedapo Adesanya Oil prices went south on Thursday after China announced it would release oil from its strategic reserves just as there were smaller than expected crude inventories in the United States. China’s state reserves administration said yesterday that the crude reserves would be released to the market via public auction to ease the pressure of high feedstock costs on domestic refiners, in a move that was described as a first. The release from the reserves came as Chinese majors had to replace supplies they had bought for September and October loadings from Shell in the U.S. Gulf of

By Modupe Gbadeyanka A popular social media professional, Mr Ibrahim Wala, otherwise known as IG Wala, has been sentenced to 12 imprisonment for a post on Chairman of National Hajj Commission of Nigeria (NAHCON), Mr Abdullahi Mukhtar. Justice Yusuf Halilu of a High Court of the Federal Capital Territory (FCT) sitting in Maitama, Abuja found Mr Wala guilty of unlawful assembly, public incitement and criminal defamation of character of the NAHCON chief. At the ruling on Monday, the judge held that the convict was guilty of three of the four count charges filed against him by theInspector General of Police

By Modupe Gbadeyanka The board of directors of MTN Nigeria Communications Plc has fixed Tuesday, October 29, 2019 for its meeting to consider the financial statements of the company for the period ended September 30, 2019. The telco, in a notice to the Nigerian Stock Exchange (NSE), said apart from the consideration and approval of the company’s nine months financial statements, the board at the same meeting look into other matters that may arise. “This is to inform the Nigerian Stock Exchange and investing public that a meeting of the board of directors of MTN Nigeria Communications Plc has been

By Modupe Gbadeyanka Acting President, Mr Yemi Osinbajo, says he is leading an urgent effort by the Federal Government to address challenges in the agricultural sub-sector and thereby offer relief measures to the ailing industry. He made this in his second meeting with representatives of the poultry industry in a week. The poultry industry has had to contend with a number of challenges including an outbreak of Avian Influenza which affected almost 4 million birds in 2015, non-allocation of Foreign Exchange for the importation of needed machinery and other critical inputs, and high production costs in the industry. Mr Osinbajo

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

By Ebitonye Akpodigha President Muhammadu Buhari has touched down in Berlin, the German capital city, on a visit to the European country. Mr Buhari travelled to Germany with Governors Kashim Shettima of Borno State and Rochas Okorocha of Imo. While in the country, he will have talks with German Chancellor, Angela Merkel, on issues of shared interests between Nigeria and Germany, including further cooperation on security, the humanitarian situation of Internally Displaced Persons (IDPs) and rehabilitation of the North-East, as well as trade and economic relations between both countries. The Nigerian leader will also meet with President Joachim Gauck. The

By Adedapo Adesanya FrieslandCampina Wamco Nigeria Plc helped the NASD Over-the-Course (OTC) Securities Exchange up by 0.04 per cent on Monday, November 21, creating a reprieve for the market, which had taken heavy beatings in the month. The leading dairy brand recorded a 20 Kobo gain to sell at N67.20 per share yesterday as against the N67.00 per share it was sold last Friday. As a result of this, the NASD unlisted securities index (NSI) added 0.30 points to close at 711.91 points compared with the previous 711.61 points, as the market capitalisation of the NASD OTC exchange rose by