Buhari Urges Friesland Campina To Educate Cattle Farmers

By Dipo Olowookere The International Monetary Fund (IMF) has said Nigeria’s revenue–to-gross domestic product (GDP) ratio of about 9 per cent was too low to trigger the economic growth projected by President Bola Tinubu in his Renewed Hope Agenda. Addressing journalists at its last press briefing for 2023 on Thursday, the global lender said the administration of Mr Tinubu must boost the government’s revenue to have funds to achieve his goals. On May 29, 2023, Mr Tinubu took over from Mr Muhammadu Buhari, promising to jump-start the economy and work tirelessly to address food security, end hunger, eradicate poverty, create

By Adedapo Adesanya Dangote Refinery is set to commence crude refining in the coming days as an OTIS Tanker, carrying 950,000 barrels of Agbami crude has reportedly set sail to Dangote’s offshore crude receiving terminal, Business Post has gathered. It is expected to arrive around 8 pm today, December 7, 2023. This development confirms expectations that the 650,000 barrels per day will commence operations before year-end and produce its first batch of petroleum soon after the company had initially announced that it would begin producing up to 370,000 barrels per day of diesel and jet fuel in October and gradually

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has cautioned Nigerians to be wary of fake Naira notes currently in circulation, vowing to prosecute those engaged in the illicit acts. The apex bank in a release signed by Mrs Hakama Sidi Ali, the acting Director of Corporate Communications, said the counterfeit notes have been spread by some individuals for transactions in food markets and other places where commerce takes place across the country, noting that this is a punishable offence. “The attention of the Central Bank of Nigeria (CBN) has been drawn to the circulation of counterfeit banknotes, especially

A new study by betting comparison site punters.pub has revealed the Premier League teams who received the most yellow and red cards over the last five seasons. The research ranked the 12 teams that have been ever-present in the Premier League since the start of the 2018/19 season, allocating them an average disciplinary score per game. The scoring system here dictates that a yellow card equates to one point, and a red card to two, therefore the teams with the highest score per game have committed the most cardable offences in the past five seasons. Manchester United are the club

By Benita Ayo The Facts of the Case A deed of Mortgage was executed between Savannah Bank and Ajilo and upon default, Savannah Bank sought to sell the property involved in the mortgage by advertising the auction sale. When Ajilo became aware of the purported sale, he went to the High Court of Lagos to sue for declaration that the Deed of Mortgage was void and also that the Auction Notice was also void. The major grounds upon which the action was brought were that, by section 22 of the Land Use Act, 1978, the consent of the Governor of

By Dipo Olowookere A group known as APC Youths Renaissance has warned those it called “political detractors” to leave Minister of Women Affairs, Mrs Aisha Alhassan, alone. This followed a video making the rounds showing the Minister endorsing the 2019 presidential ambition of former Vice President, Mr Atiku Abubakar. In a statement signed by its National Secretary, Mr Collins Edwin, the group said it was wrong to accuse Mrs Alhassan of disloyalty to the present administration of President Muhammadu Buhari. In the statement, the APC group said Mr Buhari would have been very suspicious of Mrs Alhassan if she had

By Cowry Asset During this trading week, the local currency appreciated week-on-week (w-o-w) against the Dollar in most foreign exchange market segments amid weekly injections by the Central Bank of Nigeria (CBN) worth $210 million into the foreign exchange market of which $100 million was allocated to Wholesale (SMIS), $55 million was allocated to Small and Medium Scale Enterprises and $55 million was sold for invisibles. The Naira appreciated at the Bureau De Change and the parallel (black) market segments by 0.28 percent each to close at N359/$ and N362/$ respectively while it closed flat against the Dollar at the

By Aduragbemi Omiyale The Nigerian Exchange (NGX) Limited has promised to collaborate with market stakeholders to enhance securities lending transactions and provide an efficient and liquid market for investors. The Divisional Head of Capital Markets at the NGX, Mr Jude Chiemeka, while speaking at the 2022 NGX Securities Lending Forum on Tuesday, said this is consistent with the commitment of the bourse to contribute to the growth and development of capital market in Nigeria and Africa. He said securities lending presents significant benefits to investors in a bull or bear market – either as lenders or borrowers, noting that securities

By Ashemiriogwa Emmanuel A total of 67,265 pieces of counterfeit banknotes with a nominal value of N56.83 million was mopped up from circulation by the Central Bank of Nigeria (CBN) in 2020, an Annual Report provided by its Currency Operation Department has revealed. This represents a 20.8 per cent decrease in volume when compared to the 84,934 pieces of fake banknotes impounded in the previous year, reflecting a 12.18 per cent decrease in value from N64.71 million. According to the report, the N1000 denomination was the highest among these counterfeited notes as it constituted 69.1 per cent of the total

By Modupe Gbadeyanka The Nigerian Stock Exchange (NSE) finished the week on Friday in the red zone with the market recording losses in everyday of the week. The all-share index dipped deeper at the close of activities today by 0.24 percent or 62.25 basis points to close at 25,537.54 basis points, while the market capitalisation fell by N21.4 billion to finish the week at N8.79 trillion compared to N8.81 trillion it achieved the previous day. At the close of market today, Seplat shed N18.5k to close at N342.95k per share, while Flour Mill lost N1.74k to finish N16.20k per share.

By Adedapo Adesanya The United Kingdom government has reiterated promises to boost investment in sustainable industries in Nigeria and other African countries, with such plans to support the Nigerian e-mobility platform and electric vehicle assembler, MAX Nigeria. This was the point of call as the UK Foreign Secretary, Mr James Cleverly, visited the company, which has gained support from the UK government-funded Manufacturing Africa programme. MAX has raised $31 million to ramp up the assembly of electric two- and three-wheelers, and with the visit, the e-mobility firm is now gearing up for a third capital raise to fund its expansion