Champion Breweries Maintains Upward Trajectory, Rises 59.49% in One Week

By Aduragbemi Omiyale Some retiring Nigerian military personnel have been educated on how they can unlock opportunities in the capital market after active service to the nation. At a seminar held on Thursday, December 7, 2023, at the Nigeria Armed Forces Resettlement Centre in Lagos, the participants were informed of the benefits of diversifying their investments for more earnings. They were also exposed to ways to invest and assess the market with technology, including via the recently launched NGX USSD Code. The Divisional Head of Business Support Services and General Counsel of the Nigerian Exchange (NGX) Limited, Ms Irene Robinson-Ayanwale,

By Adedapo Adesanya Nigerian crude output fell by 30,000 barrels per day to 1.43 million barrels per day in November, according to data from an S&P Global Commodity Insight. This was lower than the 1.46 million barrels produced in October by Africa’s largest oil producer and 312,000 barrels per day short of its 1.742 million barrels per day target in 2023. Angola, Africa’s second-largest oil producer, saw output drop 20,000 barrels per day to 1.13 million barrels per day, according to the survey, compared with its quota of 1.46 million barrels per day. The drops impacted the wider output of

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.6 per cent appreciation on Friday, December 8, as investors gained about N19.12 billion to push the valuation of the unlisted bourse to N1.202 trillion from the N1.182 trillion it closed in the preceding session. This achievement was influenced by the gains recorded by the trio of Aradel Holdings Plc, FrieslandCampina Wamco Nigeria Plc, and Central Securities Clearing System (CSCS) Plc. Data showed that Aradel Holdings Plc improved its value by N30 to settle at N900.00 per unit compared with the previous day’s N870.00 per unit, FrieslandCampina Wamco Nigeria

By Investors Hub The major U.S. index futures are pointing to a modestly higher opening on Wednesday following the mixed performance seen in the previous session. Traders may remain reluctant to make significant moves ahead of the Federal Reserve?s monetary policy announcement this afternoon. With the Fed widely expected to raise interest rates by a quarter point, traders are likely to keep a close eye on the accompanying statement as well as outgoing Fed Chair Janet Yellen?s press conference for clues about the outlook for future rate hikes. Stocks turned mixed over the course of the trading session on Tuesday,

The Roads and Transport Authority (RTA) in Dubai has opened registration for the Dubai World Challenge for Self-Driving Transport through the website www.sdchallenge.com. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, had previously unveiled the initiative in collaboration with Khalifa University and NewCities International Organisation. Adel Shakeri, Director of Transportation Systems  cum Head of the Dubai World Challenge for Self-Driving Transport Committee, said, “Registration for the Dubai World Challenge for Self-Driving Transport. Finalists will be announced in October 2018, and winners will be unveiled in October 2019. The total prize money of the

By Dipo Olowookere The Minister of Science, Technology and Innovation, Dr Olorunnimbe Mamora, has been congratulated on his 70th birthday by one of his protégés, Mr Babatunde Olaogun. The grassroots politician and public servant described the immediate past Minister of State for Health as a man of integrity and a mentor worthy of emulation. In a statement signed on Wednesday to celebrate the former Senator, who joins the septuagenarian club on Thursday, February 16, 2023, Mr Olaogun prayed to God to continue to grant the former Speaker of the Lagos State House of Assembly “long life in good health.” In

By Modupe Gbadeyanka Treasury bills worth N843.89 billion were sold to investors this week by the Central Bank of Nigeria (CBN), Business Post is reporting. The short-term sovereign debt securities issued by the apex bank on behalf of the Federal Government of Nigeria were sold during week via the primary and secondary markets. The market resumed on Tuesday after the two-day public holiday declared by government last Friday and this Monday to mark Easter. On Wednesday, the central bank sold T-bills worth N95.20 billion at the primary market with the 91-day bill worth N9.52 billion sold at 11.75 percent, the

By Dipo Olowookere A heavy-duty vehicle conveying some branded rice belonging to a chieftain of the All Progressives Congress (APC) has crashed at a market in Ado-Ekiti, Ekiti State. The unfortunate incident claimed several lives and destroyed properties worth millions of Naira at a market in the area. According to reports, the truck belonging to Dangote Group was transporting the branded rice from Abuja en route the Ifaki-Iworoko road in Ado Ekiti. It was said to be transiting from Ado Ekiti to Iju/Ita Ogbolu in Ondo State to deliver the rice. SaharaReporters said the trailer caused multiple accidents on Iworoko

By Dipo Olowookere Permanent Secretary, Ministry of Budget and National Planning, Mrs Nana Fatima Mede, has restated the current administration’s commitment to adopting the principle of strategic planning in the management of the national economy. Mrs Nana Fatima stated this in her opening remarks at the meetings of the Joint Planning Board (JPB) and National Council on Development Planning (NCDP), organised by her ministry in collaboration   Kano State. The theme of this year’s JPB/NCDP meetings is ‘National Strategic Planning as a Vehicle for Attachment of the Sustainable Development Goals (SDGs) in Nigeria.’ The meetings will hold between August 23-25, 2016.

Japanese auto company, Yamaha Motor Co. Ltd, has disclosed that in the first half of the fiscal year ending December 31, 2016, motorcycle business income in emerging markets rose thanks to improvements in product mix and cost reductions. It said strong earnings were achieved despite a fall in net sales value due to unit sales declines in countries including Indonesia and Brazil. Total consolidated net sales of 778.3 billion yen were down 6.1 per cent from the previous year and operating income of 65.4 billion yen was down 10.9 per cent. According to the leading auto company in the world,

By Modupe Gbadeyanka On Monday, May 22, 2017 and Tuesday, May 23, 2017, the Central Bank of Nigeria (CBN) will hold its quarterly meeting of the Monetary Policy Committee (MPC). The event, in its 256th edition, is slated to hold in Abuja. According to a statement issued by the apex bank, members of the committee will precisely converge at the MPC Meeting Room, located at the 11th Floor, Wing C of the CBN Corporate Headquarters in Abuja. It was disclosed that the 256th MPC meeting would begin by 9am on both days. After the meeting, the central bank Governor, Mr