DMO to Raise N90b from Bond Market Today

By Bliss Okperan The exchange rate instability in the country is already giving small business owners sleepless nights and it threatens their investments. This concern was raised recently by the National Vice Chairman of the Nigerian Association of Small-Scale Industrialists, Mr Segun Kuti-George. He emphasised that business owners would have to increase their prices because of the unavoidable consequence of the current exchange rate crisis in Nigeria. According to him, if consumers are unable to meet up with the increase in the cost of goods and services, businesses would be forced to shut down their operations, which would, in turn,

By Adedapo Adesanya A 0.54 per cent growth was recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Monday, September 25, after the duo of FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing System (CSCS) Plc witnessed improvements in the share prices. The milk producer gained N1.39 during the session to end at N73.59 per unit compared with last Friday’s value of N72.20 per unit, while the Nigerian depository company grew by 70 Kobo to sell at N18.20 per share versus N17.50 per share. At the close of transactions, the total value of the unlisted securities market jumped by N6.21

By Adedapo Adesanya The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the alarm over alleged secret reintroduction of fuel subsidy payments by the federal government. In late May, after taking the oath of office, President Bola Tinubu announced the total removal of subsidy on petrol, which saw prices jump to over N600. The removal of fuel subsidy and the resulting increment in the pump of petrol by almost 300 per cent had quadrupled the inflation rate in the country and affected the purchasing power of Nigerians, especially the middle class and low-income earners. It was expected that as

By Dipo Olowookere The Nigerian Exchange (NGX) kicked off the first trading session in the last week of the third quarter of the year on a negative note, with the key performance indices going down by 0.66 per cent on Monday. This was partly caused by the reaction of investors to the 30 Kobo interim dividend declaration of the board of Access Holdings Plc. A few days ago, its peer, UBA Plc, raised its interim dividend payment by 150 per cent to 50 Kobo and it was expected that Access Holdings would follow the same path. However, the company disappointed

By Adedapo Adesanya The chief executive of Red Circle Digital Agency, Mr Emmanuel Dairo, has joined the ForbesBLK, a platform and community that amplifies the voices of Black entrepreneurs, professionals, leaders, and creators. This is the latest feather in the cap of the 24-year-old digital marketing maven, who was awarded the winner of the professional services category at the 25under25 Awards held in October 2022. ForbesBLK champions a global community of Black entrepreneurs, professionals, leaders and creators that are driving systematic change in business, culture, and society. The ForbesBLK Certificate of Membership presented to Mr Dairo is a testament to

By Adedapo Adesanya  Arla Foods, the makers of Dano Milk, says it is targeting 4 million kilogrammes annual milk production from its recently inaugurated dairy farm in Kaduna as part of the company’s efforts to ensure sustainable milk production in Nigeria. The farm located in Damau village, Kubau Local Government Area, Kaduna State, was inaugurated on Thursday, May 25, 2023, by the Governor of Kaduna State, Mr Nasir El-Rufai. The Arla Farm, a state-of-the-art Danish-designed dairy farm, is the first of its kind in Nigeria, and with it, Arla says it is creating the future of dairy in Nigeria. “Designed

Do you want to move to Canada to build a better future? While it’s challenging and time-consuming, with the help of a Canadian Visa Expert, you can make the immigration process easier. At Canadian Visa Expert, we have a seasoned team of experts in Canada migration from Nigeria. They’re ready to guide you through the visa application process and see if you meet the eligibility criteria. Our main goal is to make immigration to Canada more affordable and straightforward. Are you ready to get started? Here’s all the information you need. Read on! How to Immigrate to Canada From Nigeria

By Hyther Nizam With COVID-19 accelerating the digital transformation of businesses, many organisations were forced to adopt a work-from-home strategy, and customers began to increasingly purchase goods and services online. The outbreak highlighted the critical nature of software and its impact on people’s lives, both professionally and personally. At the same time, the function of the IT department has evolved and it has been crucial in supporting organisations in shifting to a new way of working. While numerous departments have seen budget cuts, many businesses have increased their IT spending. This is because the department, now expected to complete more

On a day four states from the north fell in the battle, Master Abdullahi Shuaibu Maje excelled for NTIC Boys High School, Kano, Kano State in the on-going Cowbellpedia Mathematics Television Quiz Show. After two preliminary rounds, Abdullahi picked a semi-final ticket for his school, and the first from any state in the North in this competition. Maje a 13 year-old JSS 3 student engaged Efosa Osagiede of Obafemi Awolowo University International School, Ile Ife; Nyemike Atoh of Loyola Jesuit College, Abuja; Glory Okoli of The Ambassadors College, Ota, Ogun State; Victor Mgbemena of Graceland International School, Port Harcourt, Rivers

By Dipo Olowookere A company based in Canada, Globevest Capital Partners Limited, has acquired a 55.04 per cent stake in Smarts Products Nigeria Plc. The Canadian firm bought the shares from the acting Chairman of the organisation, Mr Aderonmu Ademola Abiola. The transaction, which involved the transfer of 24,768,579 ordinary shares to Globevest, was worth nearly N5.0 million (precisely N4,953,715) as the stocks were sold at 20 kobo per unit. Business Post reports that shares of Smart Products Nigeria closed flat on Monday, May 17, 2021, at 26 kobo per unit. The audited financial statements of Smart Products Nigeria for

By Modupe Gbadeyanka The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has rolled out a new initiative for cultivating entrepreneurship development at the grass roots and in schools. SMEDAN, which is an arm of the Presidency, unveiled the National School Entrepreneurship Programme (N-SEP), for this purpose. The agency said N-SEP aims to deliver hands-on entrepreneurship and community service education to every primary and secondary school student in Nigeria so as to eliminate poverty, conflicts and massive youth unemployment. Participating schools will run a ‘School Bank’ conducted by students and facilitated by contributing commercial banks in the country. This

By Dipo Olowookere The management of pan-African banking group, United Bank for Africa (UBA) Plc, has announced its intention to carry out a quick maintenance on its network infrastructure today. In a notice to its customers on Monday morning, the lender said the maintenance may cause disruption of its services during the period. According to the email sent to its customers, the bank said the repairs would take place between 12am and 5am. “Please be informed that a scheduled maintenance of our network infrastructure will take place on Monday, April 9, 2019 between 12am and 5am. “This will result in