Cross River Eyes Huge Earnings from Cocoa

By Adedapo Adesanya Appreciation in the prices of three stocks saw the NASD Over-the-Counter (OTC) Securities Exchange closed with a 1.36 per cent rise on Friday, November 24 despite efforts by two equities to bring down the market. Aradel Holdings Plc recorded a N79.20 appreciation to sell at N871.20 per share compared to the previous day’s N792.00 per share, FrieslandCampina Wamco Nigeria Plc increased by N2.82 to close the day at N74.00 per unit versus Thursday’s closing price of N71.14 per unit, and UBN Property Plc jumped by 15 Kobo to finish at N1.65 per share, in contrast to the

By Adedapo Adesanya  Oil prices fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium and indicated that the Israel-Hamas tensions may not have much effect on the oil market. Brent crude futures depreciated by 84 cents or 1 per cent at $80.58 a barrel, while the US West Texas Intermediate (WTI) crude dropped $1.56 or 2 per cent to close at $75.54. There was no settlement for WTI on Thursday owing to the US Thanksgiving holiday. Prices notched their first week of gains in over a month ahead of next week’s meeting of

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded yet another positive week-on-week performance after stretching its gains by 1.44 per cent in Week 47. This expanded the portfolios of NASD investors by N17 billion in the week to N1.162 trillion from the N1.145 trillion recorded in Week 46, as the NASD Unlisted Security Index (NSI) increased by 12.16 points to 857.29 points from 845.13 points in the previous week. The trading week was with three price gainers and three losers, with Aradel Holdings Plc on top of the advancers’ chart after it grew by 10 per cent to finish

By Adedapo Adesanya The Nigerian government, through the National Primary Healthcare Development Agency (NPHCDA), in collaboration with the World Health Organization (WHO) and its partners, including Gavi The vaccine alliance, is intensifying various strategies to optimise Big Catch-up campaign to improve vaccination coverage across the country. In Nigeria, an estimated 6.2 million children missed receiving a single dose of their routine vaccines from 2019 to 2022 due to the COVID-19 pandemic. Speaking at the recently concluded stakeholders’ immunization meeting tagged Engagement with states on optimized outreach strategy, in Abuja, the Executive Secretary NPHCDA, Dr Faisal Shuaib, expressed optimism that with

By Dipo Olowookere The training and accreditation of bus conductors in Lagos State has commenced. The programme, which kicked off on Monday, is aimed at imparting professional skills in bus conductors in the state as well as improve public confidence and perception among them. It was put together by the Lagos State Drivers’ Institute (LASDRI). Business Post gathered that 55 executive members of the Bus Conductors Association of Nigeria (BCAN) participated in the exercise which began with medical checks. The Chief Executive Officer of LASDRI, Mr Philip Ogunlade, urged the bus conductors to be civil in their dealings with commuters

By Adedapo Adesanya Brisbane has been awarded as the host of the 2032 Olympics, becoming the third Australian city to host the Summer Games after Melbourne and Sydney. The selection of Brisbane was announced on Wednesday by the president of the International Olympic Committee (IOC), Mr Thomas Bach, after delegates voted 72 to five with three abstentions at the IOC session in Tokyo. “The International Olympic Committee has the honour to announce that the Games of the 35th Olympiad are awarded to Brisbane, Australia,” Mr Bach said. Several cities and countries had publicly expressed an interest in staging the 2032

By Dipo Olowookere A new report released by South Africa-based Nielsen Africa has revealed Nigeria’s Consumer Confidence Index (CCI) for the second quarter of 2018 recorded a very healthy increase of nine points to 122, while Ghana’s CCI for the same quarter dropped 12 points to 108. In an emailed statement to Business Post, Nielsen Africa noted that in terms of Nigeria’s performance, its Sub Saharan Africa chief, Mr Bryan Sun, submitted that, “The stability of forex rates and a steady Naira has led to stable retail prices of most manufactured goods and imported staples, resulting in a recovery in

By Modupe Gbadeyanka In order to meet the target for the completion of the Pen Cinema flyover, the Lagos State government has said it will temporarily close the Oba Ogunji Road, between Iju and Ijaiye Road from Wednesday, September 9 to 30, 2020. The Commissioner for Transportation, Mr Frederic Oladeinde, disclosed that access to the restricted routes will be limited to construction vehicles and local residents. In a statement issued on Monday, he said different alternative routes have been rehabilitated and made accessible for road users during the construction period, appealing to residents, especially motorists plying the axis, to support

By Adedapo Adesanya One of Nigeria’s leading telecommunication service, 9mobile, in collaboration Google and Kirusa, are set to revolutionize enterprise communication with Rich Communication Services (RCS) Business Messaging. This came at a recent workshop held in Lagos for Mobile Network Operators (MNOs), Aggregators, and brands to introduce RCS, and showcase how through the RCS Business Messaging (RBM), companies are effectively changing how companies communicate. RCS is a next-generation native messaging evolution better than SMS for Android users which allows enhanced smartphone messaging and contains other features such as high-resolution photo and video sharing, location sharing, group chats, read receipts among

Award-winning telecommunications network, 9mobile, has been affirmed yet again as the preferred number one choice of customers with the latest Mobile Number Portability (MNP) chart showing 9mobile as gaining highest ports-in consistently over the past one year. The Nigerian Communications Commission (NCC) in its most recent MNP report shows that 62 percent of the 10,781 numbers that ported, moved to 9mobile network as at May 2019. The regulator in the industry report covering the period June 2018 to May 2019 posted on its website, indicated that from June 2018 up till May 2019, 9mobile has consistently maintained double or triple

By Dipo Olowookere The sum of N1.129 billion was realised in September 2016 by the Seme Command of the Nigeria Customs Service (NCS), Mr Selechang Taupyen, spokesman of the command disclosed on Monday in a statement. According to Mr Taupyen, the amount showed an increase in revenue in the same month in 2015, which was about N833.791 million. He expressed optimism that the command’s revenue would increase once the memorandum of understanding (MoU) between the command and the Republic of Benin was operational. The spokesman explained that the MoU involved the Benin Government handing over all transit vehicles to the