Farmers in Ogun Undergo Training

By Bliss Okperan Nigeria’s internet speed averages 25 megabits per second (Mbps), according to data from Surf Shark, a cybersecurity company focused on developing humanised privacy and security solutions. The ranking, contained in the 5th annual (Digital Quality of Life Index (DQL), showed that the country dropped two places to 7th from 9th within the last two years. A quick average analysis shows that at an average of 25 Mbps, Nigeria is far from the world’s fastest fixed internet Singapore, which is 300 Mbps and is ahead compared to the slowest fixed internet in the world, Yemen, which is 11

By Adedapo Adesanya Oil prices moderated in choppy trade on Monday as Russia relaxed its fuel ban amid a widening demand worry. Brent crude futures lost 2 cents during the session to trade at $93.29 per barrel, and the US West Texas Intermediate (WTI) crude depreciated by 35 cents to close at $89.68 per barrel. Last week, prices were down after a hawkish Federal Reserve rattled global financial markets and raised concerns that interest rates could stay higher for longer affecting oil demand. This snapped a three-week rally of more than 10 per cent after Saudi Arabia and Russia constrained

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 Modupe Gbadeyanka Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Mr Dakuku Peterside, has appealed to the Shell Petroleum Development Company (SPDC) not to relocate its corporate headquarters from Port Harcourt, Rivers State capital. Mr Peterside’s appeal comes as the Rivers State government last Wednesday, through its Attorney-General, Mr Emmanuel Aguma, petitioned the Senate over the “planned relocation” of SPDC headquarters from Port Harcourt to Lagos. Speaking on the issue, Mr Peterside stated that if the petition of Rivers State government against Shell is true, then it portends grave consequences for the state. The 2015 All Progressives Congress

By Aduragbemi Omiyale The Group Managing Director of CMC Connect BCW, Mr Yomi Badejo-Okusanya (YBO), has emphasised the importance of Public Relations to organisations and individuals, saying everybody needs PR. Mr Badejo-Okusanya, who doubles as the president of the African Public Relations Association (APPA), therefore, submitted that efforts should be made to have a better understanding of the profession, noting that PR is different from journalism but both work together to achieve great results. He called on organisations, leaders, nations, policy and decision-makers to never overlook the value that PR brings to the table. “Many still bear in mind that

By Dipo Olowookere Equities market in Nigeria closed 0.25 percent higher on Friday after going down 0.11 percent on Thursday. This sharp rebound was influence by gains recorded by Lafarge and 18 other stocks, even though the market breadth still finished negative with 28 equities depreciating at the close of transactions for the day. Business Post reports that it was a very busy day for GTBank at the market, emerging the most traded equity after exchanging 61.8 million shares valued at N2.5 billion. It was followed by UBA, which sold 51 million shares worth N499 million, and Zenith Bank, which

Sports betting has taken Nigeria by storm! And it’s hard to ignore its incredible growth in recent years. Betting was only legalised in Nigeria in 2005 under the National Lottery Act 2005. The late 2000s witnessed a game-changing rise of online sports betting in African countries. Now, you can find countless Nigerian betting sites operating nationwide, and guess what? Around 60 million Nigerians are actively placing their bets. That is an incredible one-third of the population getting in on the action! Despite being Africa’s second-largest online gambling market, some experts believe it won’t take long before Nigeria surpasses South Africa. What’s driving this

By Modupe Gbadeyanka An alarm has been raised on how the illegal tobacco trade is operating during the COVID-19 global pandemic and preparing to reap the rewards in the economic aftermath that will follow. This information was contained in a report released by the Japan Tobacco International (JTI), which was independently verified by Intrinsic Insight Limited. The report titled The Gathering Storm has been welcomed by law enforcement agencies around the world because of the vital information packed in it. In the survey, it was discovered with evidence that criminal groups are biding their time in readiness for an anticipated

By Aduragbemi Omiyale For its environmental disclosures and sustainability, the climate rating of Dangote Cement Plc has been upgraded from B- to B. The upgrade in the Carbon Disclosure Project (CDP) rating of the cement manufacturing company was in recognition of its commitment to climate change. The rating upgrade indicates that Dangote Cement has addressed the environmental impact of its business and ensures good environmental management. It also demonstrates the continued efforts made by the company to increase its levels of non-financial disclosure and improve its sustainability reporting. This year, for the fourth time, Dangote Cement submitted to the CDP,

By Adedapo Adesanya The shareholders of Afriland Properties Plc have been credited a 10 Kobo dividend following the approval for the payout at the 9th Annual General Meeting (AGM) held in Lagos on Wednesday. The total amount disbursed to the shareholders was N137.39 million on Friday, the payment date. The cash reward for the 2021 financial year was 80 per cent lower than the 50 Kobo paid to investors in the 2020 financial year. The shareholders commended the company’s growth in revenue and profit before tax, urging the management to work with the federal government in bridging the housing deficit

By Aduragbemi Omiyale The board of Jaiz Bank Plc has chosen Mr Sirajo Salisu as the new managing director/CEO of the financial institution. He is to replace Mr Hassan Usman, who is retiring from the company. In a statement on Monday, the firm said the appointment of Mr Salisu takes effect from October 16. The Central Bank of Nigeria (CBN), which regulates the country’s banking industry, approved the new MD/CEO selection. In the statement, the management and board of Jaiz Bank expressed confidence that his appointment would further strengthen the bank and wished him success. Before his appointment, Mr Salisu