Dollar Shortages Strike Again…Nigeria Indexes in Crosshairs

By Modupe Gbadeyanka The chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, has asked his counterpart in the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, to support his agency to achieve the Renewed Hope Agenda of President Bola Tinubu, who appointed both of them. Speaking during a courtesy visit to the headquarters of the anti-money laundering firm, Mr Adedeji said the EFCC has a role in ensuring that taxpayers’ funds are “judiciously utilised in line with the social contract with the people.” He assured that the FIRS would continue to strive to raise the revenue

By Adedapo Adesanya A milk-producing company, FrieslandCampina Wamco Nigeria, helped the NASD Over-the-Counter (OTC) Securities Exchange return to the green territory by 0.54 per cent on Wednesday, November 29. The firm improved its value by N3.50 in the midweek session to settle at N73.50 per share compared with the previous day’s closing price of N70.00 per share. It suppressed the 10 Kobo decline posted by Central Securities Clearing System (CSCS) Plc, which ended lower at N17.00 per unit versus Tuesday’s value of N17.10 per unit. Consequently, the market capitalisation of the alternative stock exchange went up by N6.28 billion to

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 chief executive of CardinalStone Finance, formerly CSAdvance, Mr Ayoola Adeola, said the company would deliver enhanced financial solutions and empower its customers with financial flexibility. Mr Adeola said this while commenting on the recent change of name of the organisation, done because it intends to offer a comprehensive range of financing solutions to a diversified clientele, including SME businesses and high-net-worth individuals. CardinalStone Finance is the subsidiary of CardinalStone Partners Limited. The firm said the transition marks a pivotal moment in the group’s pursuit of becoming a world-class financial services firm, catering to the evolving needs

To commemorate the World Breastfeeding Week 2016, the Wellbeing Foundation Africa (WBFA), an NGO dedicated to reducing maternal and infant mortality rates in Nigeria, has launched 10 breastfeeding initiative steps for both mothers and healthcare givers. To learn more about breastfeeding and lactation visit this page. The 10 steps were launched by the Foundation’s MamaCare Midwives in some parts of the country, namely; Lagos and Kwara States, as well as the Federal Capital Territory (FCT) Abuja, during their MamaCare Classes, as part of its activities to celebrate the World Breastfeeding Week. In line with the celebrations, the Founder and President

Nigerian digital content distribution platform, Publiseer, has been selected as one of the 100 most innovative and promising African startups to attend the fully funded Africa Moves Summit in Tunisia. In a press release by Africa Moves, “the selection was carefully made from a pool of over 100 applications by a jury of experts.” The jury included over 24 people from around the world with different backgrounds, such as venture capitalists, angel investors, entrepreneurs, and startup ecosystem leaders. The selected startups will exclusively get a free turnkey exhibition stand at the Africa Moves Summit, fully paid flight and accommodation, and

The Dangote Industries Limited has flagged off an environment focused initiative tagged Waste to Wealth initiative as part of activities marking the 2019 Global Sustainability Week. The initiative is focused on managing waste disposal while generating income and giving back to communities wherein the company operates. The conglomerate marked the Sustainability Week with the theme Our Community, Our Passion with various activities held in the Lagos and across its Business Units and plants. These activities focused on investment programmes directed towards turning waste to wealth, and reviving reading culture in young children in host communities. In Lagos, over 200 Sustainability

By Dipo Olowookere A member of the Oyo State House of Assembly Member, Mr Seyi Adisa, has taken a step to improve the economy of the Pacesetter state with a programme design for the youths. The lawmaker is planning to train over 500 Afijio youths in Information and Communications Technology (ICT), which is regarded as the new gold. He said the beneficiaries will undergo about five to six months of training from July 2021 on digital skills, noting that the aim of the scheme is to help alleviate poverty and make them useful to their household economically. Mr Adisa, who

By Modupe Gbadeyanka The Marketing Manager Specialized Nutrition at FrieslandCampina WAMCO Nigeria Plc, Ms Akon Imoh, has described a product of the company, Peak 456 Growing Up Milk, as one of the best things for children, in terms of their nutrition. Speaking at an event organised by the organisation in Lagos to celebrate the 2022 Children’s Day on Friday, May 27, she said Peak 456 Growing Up Milk contains nutrients essential in building the brain’s structure and supporting optimal brain development of children aged 4-6 years. “Peak 456 Growing Up Milk is specially formulated to meet the nutritional requirements of

By Dipo Olowookere For the second straight session, the Nigerian Exchange (NGX) Limited ended in the negative territory after it depreciated by 0.07 per cent on Wednesday. Sustained profit-taking in industrial goods stocks like Lafarge Africa and Berger Paints and a few financial equities like Access Holdings and FBN Holdings contributed to the decline. This weakened the All-Share Index (ASI) by 35.28 points to 52,721.34 points from 52,756.62 points and dragged the market capitalisation downward by N19 billion to N28.423 trillion from N28.442 trillion. A look at the sectorial performance showed that the industrial goods sector depreciated yesterday by 0.19

By Dipo Olowookere The Alaafin of Oyo, Mr Lamidi Adeyemi, on Tuesday, visited the Governor of Oyo State, Mr Abiola Ajimobi, to explore the alternative dispute resolution mechanism in settling the dispute arising from the creation of 35 Local Council Development Areas in the state. The foremost monarch dropped the hint in an interview with journalists shortly after emerging from a closed door meeting with the Governor at the Governor House in Ibadan. He said that the suit filed by some aggrieved traditional chiefs challenging the alleged ceding of parts of their domain to Ogbomoso under the newly created LCDA