Dolidol Eyes African Market Dominance After Mouka $60m Deal

By Adedapo Adesanya The Nigeria Labour Congress (NLC) has said it would ensure that the next national minimum wage to be negotiated in 2024 reflects the prevailing cost of living. The union also lamented that following the removal of fuel subsidy by the federal government, life has become extremely unbearable for workers. Addressing participants at the opening of the 19th edition of the NLC’s Harmattan School in Abuja, President of the NLC, Mr Joe Ajaero, said it had become necessary for governments at all levels to recognise that life and living conditions were exceedingly difficult, especially for working people in

By Adedapo Adesanya The trio of Newrest Asl Plc, FrieslandCampina Wamco Nigeria Plc, and Acorn Petroleum Plc made the NASD Over-the-Counter (OTC) Securities Exchange appreciate by 0.14 per cent on Friday, December 1. The three gainers pressed down the 8 Kobo loss reported by UBN Property Plc, which closed the trading session at N1.52 per unit compared with the preceding day’s value of N1.60 per unit. During the trading day, Newrest Plc gained N1.46 to close at N16.10 per share compared with Thursday’s closing price of N14.64 per share, FrieslandCampina Wamco Plc moved up by 60 Kobo to end the

By Aduragbemi Omiyale The online stock trading platform of one of the leading brokerage firms in Nigeria, Morgan Capital Securities Limited, i-Trade, has experienced a technical glitch. This technical issue has made it difficult for its clients to carry out transactions on the popular platform. Morgan Capital’s i-Trade platform is popular among retail investors in the Nigerian capital market, especially those trading equities on the floor of the Nigerian Exchange (NGX) Limited, because of its lower fees. The company has already assured its customers that it was working to restore services, providing an alternative to them. “This is to inform

By Aduragbemi Omiyale An application and proprietary solution for micro, small and medium-sized enterprises (MSMEs) in Nigeria, known as Aleph Express, has been launched by Aleph Group. A statement from the firm explained that Aleph Express provides a platform for MSMEs to create and maintain a free e-commerce website, create a product catalogue, set local delivery options, manage, record and process orders while gaining meaningful insights to drive growth. The platform also provides one unified inbox that integrates WhatsApp, Messenger, and Instagram, to enable businesses to efficiently engage and sell – all in one place. In addition, Aleph Express provides

By Dipo Olowookere In the outgone year 2017, the best performing stock on the Nigerian Stock Exchange (NSE) was Dangote Sugar Refinery Plc, appreciating year-on-year by 227.33 percent, to close at N20, Punch is reporting. Last year was a very good one for the local bourse and a number of equities performed relatively well at the market. For the first time in three years, the Nigerian market closed the year in the positive territory, as the NSE All-Share Index (ASI) returned 42.30 percent year-on-year. Consequently, market capitalisation advanced significantly to close at N13.61 trillion in contrast to N9.25 trillion as

By Modupe Gbadeyanka Report reaching us indicates that normalcy has returned to the Lagos State Polytechnic (LASPOTECH) after protest broke out at the school recently. Management of the polytechnic has urged the warring factions to allow peace to reign, especially now that the students have resolved to allow the state government find a lasting solution to the issue that led to the protest. Not too long ago, there was unrest in the institution after a circular from the National Board for Technical Education (NBTE) on the issue of CONTISS 15 Migration for Staff on CONTISS 11 and below. This made

By Dipo Olowookere A disappointing inflation data from the National Bureau of Statistics (NBS) further weakened Nigerian equities on Wednesday by 0.42 per cent. Investors were expecting the average price of goods and services to slow in February because Nigerians reduced their expenditures last month due to the scarcity of cash, but when the stats office released the inflation numbers, the rate climbed higher by 21.91 per cent compared with 21.82 per cent achieved in January 2023. The decline was buoyed by sustained sell-offs in the banking space, which closed lower by 1.95 per cent, as the consumer goods and

By Adedapo Adesanya The Confederation of African Football (CAF) has granted Morocco the hosting rights for the 2022 CAF Champions League final on May 30. CAF through an official confirmed that, “CAF received bids from Senegal and Morocco and, after the subsequent withdrawal of the Senegalese bid, Morocco has been awarded the hosting rights.” However, the governing body did not say where in Morocco the highlight of the African club season would be played, with Agadir, Casablanca, Marrakech, Rabat and Tangiers possible venues. The decision to stage a second successive Champions League final in Morocco will upset title-holders Al Ahly

By Timi Olubiyi, PhD The common social concerns are the high mortality rate, poverty and malnutrition in the country. But for the concerns that bother on health, the advice is usually to reduce fats, cholesterols and sugar intake, improve on nutrition and good diet, do not smoke and so on to avoid health issues. However, the fact is food is about health and healthy living, but less is heard about the need to promote organic food eating, in a world where innovation is now widespread in Agric-Business and farming, with the genetical engineering of crops and foods. Genetically Modified (GM)

By Adedapo Adesanya Over one million Nigerians have registered for the online voter’s pre-registration exercise, the Independent National Electoral Commission (INEC) has said. This was disclosed by the National Commissioner & Chairman, Information and Voter Education Committee, Mr Festus Okoye, in a statement issued on Monday. He further said the number of new registrants has risen to 1,006,661 as of 7 a.m. on Sunday, July 26. The exercise had commenced on June 28, 2021. Mr Okoye noted in the statement that the detailed distribution of the registrants by age, State/FCT, gender, occupation and disability for week four of the exercise

A prosecution witness, Mr Howard Edafe, in the ongoing N8.5 billion fraud case involving a former Joint Military Task Force Commander, Mr Emmanuel Atewe, on March 12, 2020 told Justice Ayokunle Faji of the Federal High Court sitting in Ikoyi, Lagos how the retired Major-General bought 30,000 units of shares from MTN Links for N170.4 million between 2014 and 2015. A statement issued by the Media and Publicity Department of the agency said Mr Edafe, who is currently an Internal Auditor with Stanbic IBTC bank, while being led-in-evidence by counsel for the EFCC, Mr Rotimi Oyedepo, testified as the fourth

By Adedapo Adesanya The federal government hopes to achieve 90 per cent broadband penetration in the country by 2023. The Minister of Communications and Digital Economy, Mr Isa Pantami, said this on Thursday at a briefing organised by the All Progressive Congress Professional Forum in Abuja, according to a statement by the spokesperson for the ministry, Mr Uwa Suleiman. The statement was titled Federal Government targets ninety per cent broadband penetration, records unprecedented success rate in nineteen years and it mapped out plans to achieve the target in the next two years. The statement said the digital economy sector had