Fidson Healthcare Ends Q1 with 475% Profit Rise

By Adedapo Adesanya VFD Group Plc has been officially delisted from the NASD Over-the-Counter (OTC) Securities Exchange months after the proprietary investment company revealed its intention to list its stocks on the Nigerian Exchange (NGX) Limited. The bourse on Thursday confirmed the development in a notice seen by Business Post. “Pursuant to the company’s request to delist from the NASD OTC Exchange, we wish to inform you that VFD Group PLC shares will be delisted with effect from the close of business (COB) today, Thursday, September 28, 2023,” the notice read. Last Friday, after three years of trading on the

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By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has said Nigeria is in dire need of foreign direct investment (FDI) more than ever before, tasking domestic and foreign investors to make Nigeria their investment hub because efforts are being made to formulate business-friendly policies. Mr Shettima, while speaking when he hosted the management of First Surat Group, as well as top management of MTN Nigeria at the presidential villa in Abuja, charged MTN Nigeria to facilitate and spearhead digital mobile money and digital education. He assured that President Bola Tinubu was willing to partner with various stakeholders in the

By Investors Hubs Asian stocks ended broadly lower on Wednesday after U.S. technology stocks came under heavy selling pressure overnight on concerns about tighter industry regulations. Trade-related tensions also kept investors nervous. China’s Shanghai Composite Index dropped 44.43 points or 1.4 percent to 3,122.22, while Hong Kong’s Hang Seng Index tumbled 768.30 points or 2.5 percent to 5,789.50. Japanese shares fell sharply, with the overnight sell-off in big U.S tech companies and price adjustments on ex-dividend trades weighing on the market. The Nikkei 225 Index fell 286.01 points or 1.3 percent to 21,031.31, and the broader Topix index closed 1

By Ahmed Rahma The Department of State Services (DSS) has declared that it is not currently carrying out any recruitment exercise contrary to claims in some quarters of the social media space. In a clarification, the spokesman of the secret police in Nigeria, Mr Peter Afunanya, warned the public against falling prey to the activities of fake job syndicates. Mr Afunanya also urged unsuspecting job-seekers not to pay any money for a slot in the intelligence agency as the DSS does not request for such. “The public should note that recruitment into the service is never done on a monetary

By Dipo Olowookere One of the main aircraft, cargo and passenger handling companies at the nation’s airports, the Nigerian Aviation Handling Company (NAHCO) Plc, suffered a N143.2 million loss in the first half of 2020. This was against the net profit of N467.3 million the firm declared in the corresponding period of last year. This loss was mainly impacted by the COVID-19 pandemic, which wrecked the aviation industry worldwide especially in the second quarter of the year. Business Post observed that NAHCO recorded a loss in the period under review despite receiving a tax credit of N36.8 million. In the

By Modupe Gbadeyanka Friday, April 2 and Monday, April 5, 2021, have been declared as public holidays by the federal government to mark the Easter celebration. A statement issued on Tuesday by the Director of Press and Public Relations in the Ministry of Interior, Mr Mohammed Manga, disclosed that Christians have been urged to use the occasion to emulate the attributes of forbearance, forgiveness, kindness, humility, love, peace and patience demonstrated by Jesus Christ. The statement quoted the Minister of Interior, Mr Rauf Aregbesola, as saying that the Easter celebration should be used by Nigerians to pray for the peace,

By Dipo Olowookere Federal government bonds worth N225 billion would be auctioned today, Monday, June 20, 2022, by the Debt Management Office (DMO) at the primary market. The debt instrument is being sold by the central government to raise funds to finance the 2022 budget deficit and in today’s exercise, the DMO is offering the notes in three tenors. According to a circular released by the agency, all the three maturities are re-opening, meaning they are from the previously sold bonds. Business Post reports that N75 billion worth of a 10-year bond with maturity in 2025 would be offered for

By Modupe Gbadeyanka Osun State has concluded plans to host an international agricultural exhibition and conference scheduled to hold in the first quarter of 2017. The programme is a collaboration between the government of Osun State and Fesco Agalu Nigeria Limited with support from the Federal Ministry of Agriculture and Rural Development. Themed ‘Agritech Nigeria Osogbo 2017’, the event is expected to be attended by experts in the agricultural sector. Director of Logistics of Fesco Agalu, Mrs Doris Adesanlu, disclosed that the exhibition will be another landmark in Osun State. She said an Israeli company named Kenes Exhibition, a leading

By Nneka Okumazie If money is always the most important thing to an individual, or oftentimes the leading purpose, whatever the individual does would often make a negligible difference. This, applicable to groups as well, shows the risk with money-as-everything that has become a dominant force in society. Yes, currency keeps a good balance of general life, necessity and production, but currency is not that worth it to become central to how all decisions are made. There are many across societies, who in their own right have great diligence, but often for currency optimization. This makes them space holders in

By Dipo Olowookere A 50 percent provision has been made available by Zenith Bank Plc on its exposure to the loan obtained by telecoms giant, 9mobile, formerly known as Etisalat Nigeria. Zenith Bank was among the consortium of 13 Nigerian banks, which granted a $1.2 billion credit facility to the company in 2013 to enable it expand its operations in the country. However, due to the economic downturn of 2015-2016 and Naira devaluation caused by the recession Nigeria fell into, which negatively impacted on the dollar-denominated component of the loan, Etisalat struggled to repay the loan. Zenith Bank had the