FG Registers 700 Artisanal Miners

By Dipo Olowookere The last trading day of November 2023 on the floor of the Nigerian Exchange (NGX) Limited ended on a bullish note by 0.11 per cent on Thursday. Mild bargain-hunting in industrial goods equities like Lafarge Africa, supported by Airtel Africa, GTCO and other financial stocks left the market in the green territory at the close of business. Consequently, the All-Share Index (ASI) increased by 81.91 points to settle at 71,365.25 points compared with the preceding day’s 71,283.34 points, and the market capitalisation grew by N44 billion to N39.052 trillion from N39.008 trillion. Business Post reports that the

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 Modupe Gbadeyanka Business owners in Lagos have been assured of more incentives by the state governor, Mr Babajide Sanwo-Olu, who added that this is part of his administration’s commitment to reforms aimed at improving the ease of doing business and enhancing investment opportunities. Speaking at the commissioning of the newly-built wet hair production factory of Godrej Nigeria Limited, the Governor said his government would continue to pursue actions that would eliminate red tapes and regulatory impediments hindering the growth of businesses in the state, thereby demonstrating his willingness for continued collaboration with the private sector to improve the livelihood

By Adedapo Adesanya Oil slumped by more than 2 per cent on Friday as traders showed scepticism about the depth of supply cuts by the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) as well as concerns about sluggish global manufacturing activity. Brent crude went down by $1.98 or 2.45 per cent to close at $78.88 a barrel as the US West Texas Intermediate (WTI) crude dropped $1.89 or 2.49 per cent to sell for $74.07 a barrel. For the week, Brent posted a decline of about 2.1 per cent, while WTI lost more than 1.9 per cent.

By Modupe Gbadeyanka Trading on the Nigerian Stock Exchange (NSE) ended on a positive note on Monday with the All-Share Index (ASI) closing at 28,263.13 compared with 28,247.07 it closed on Friday, gaining 16.06 points or 0.05 percent. In the same vein, the market capitalisation appreciated by N5 billion to close at N9.708 trillion against N9.703 trillion it ended on Friday on the NSE. However, Business Post correspondent gathered that the volume of shares traded on the NSE on Monday slumped compared to Friday. A total of 249.77 million shares valued at N1.96 billion were traded in 3,170 deals compared

By Modupe Gbadeyanka A total of 49,465,731 ordinary shares of 50k each have been distributed to shareholders of Stanbic IBTC Holdings. The addition ordinary shares were listed on the trading platform of the Nigerian Stock Exchange (NSE) last Friday. It was gathered that the additional shares arose from the Scrip Dividend Scheme offered by the firm to its eligible shareholders, who chose to receive new ordinary shares in exchange for cash dividends with respect to the 5 kobo final dividend declared for the year ended December 31, 2016. Also, the newly listed shares came from the 60 kobo interim dividend

By Modupe Gbadeyanka The management of Orange has opened two very large-capacity IP and IPX Points of Presence (PoP) in South Africa. The facilities, which are located in Cape Town and Johannesburg, South Africa are operational from today and will enhance Internet and mobile connectivity in the region by offering faster connection speeds and improved reliability for wholesale customers. IP and IPX Points of Presence are part of the technical infrastructure equipment necessary to enable local operators to access the Internet & mobile services through an interconnection point with long-distance networks. By offering access to an IP and IPX PoP

By Dipo Olowookere Wema Bank Plc joined the rest of the world to commemorate the World Blood Donor Day (WBDD) on June 14, 2017, but it was not until Friday, June 30, 2017, that members of staff, who volunteered to donate blood, could do so at an event tagged Wema LifeSource; alluding to blood as the source of life. The event was held at the Lagos head office of the financial institution. Wema Bank partnered with the Lagos University Teaching Hospital (LUTH) for its blood donation drive (Wema LifeSource) which enjoyed participation by staff from all categories. Every year, WBDD

By Adedapo Adesanya In the coming days, President Muhammadu Buhari will inaugurate the construction of the Kano-Kaduna rail project, the Minister of Transportation, Mr Rotimi Amaechi, has confirmed. Speaking in Abuja last Friday during the weekly presidential media briefing organised by the State House Media Unit, he said already all contracts for the projects had been awarded. The Minister said the project would now be funded from the ministry budgetary allocation as the federal government would not continue to wait endlessly for the loan. According to him, the central government has already paid $218 million to the contractors, saying additional $100

2020 presented people all over the world with too much uncertainty. Businesses both large and small came down to their knees with financial shortcomings. Luckily, the catastrophe did not last as long as we feared it might. Now gambling establishments have reopened in most countries albeit Coronavirus health directives like social distancing and regular sanitization of surfaces. The Kenyan gambling market has seen a consistent rise in the last few years especially, with the increased penetration of the internet and other technologies. Online gambling in Kenya is one of the most financially stable industries and anyone hoping to invest their

The race towards who takes over from the incumbent Customs Area Controller (CAC) of the Apapa Command of the Nigeria Customs Service (NCS), Comptroller Willy Egbudin, seems to have intensified. For those who may not know, Comptroller Egbudin retires from service next month. Already, some ambitious Customs Comptrollers, mostly at the headquarters of the NCS, have reportedly intensified their lobby to be posted to the Apapa Area 1 Command, which is considered as the juiciest command in the land. Findings by Tribune have further confirmed that already, the Customs management at the headquarters in Abuja is already profiling the list

By Dipo Olowookere Easton Pharmaceuticals says it has signed a letter of intent to acquire 100 percent of revenue producing vaporizer manufacturer iBliss Inc. of Toronto, Ontario, Canada. iBliss Inc. is a tremendously fast growing vaporizer and e-liquids manufacturing company with surging international sales projected to conservatively reach and surpass $15,000,000 per year fairly quickly. It currently generates several millions of dollars in sales with healthy margins in excess of 40%. iBliss has had tremendous growth over the past 3 years of being in business which includes sales throughout North America and recently adding several international markets in Europe, the